Basically this is the new poultry processing plant, just located next to the old plant:-
Malaysia's largest and most automarted PP plant
About the JV, MD very confident that they can meet the target. Else they won't so stupid to provide profit guarantee.
Compare with Malaysia, Vietnam Market is high potential as wheat/flour consumption is only 17kg/ capita.
FYI, Mflour is the market leader in Vietnam.
MFM Sitiwan New Flour Plant dated 2020. This new flour plant is so damn big and it link to their old plant and the port. Current utilisation rate is only 55%, what if the utilisation rate reach optimal level? Can you imagine the potential of the business?
Anyway thank for the invitation, as an ordinary investor I'm grat to say this investment wouldn't goes wrong. It takes time to unlock the value.
Perhaps you guys can read up the RHB report for your knowledge.
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