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Overview
Financial Highlight
HeadlinesBusiness Background Dutch Lady Milk Industries is a Malaysia-based company that produces and distributes dairy products. The company’s products include infant formula milk, growing-up milk, ultra-high-temperature processing milk, pasteurised milk, sterilised milk, family powdered milk, low-fat and zero-fat drinking yoghurt, and fruit juice drink. The products are packaged and marketed in various formats under the brand Dutch Lady. The company primarily operates domestically, but it distributes some of its products to surrounding countries in Asia and Oceania. Dutch Lady Milk Industries is owned by Royal FrieslandCampina.
  rohank71 just bought yesterday... now so much of negativity by #Calvin... I see the results as very positive. even after booking a 15M accelerated depreciation, its EPS is 30 sen or else could have been 50+ sen. Did I read it wrongly? Next year no more accelerated depreciation as new factory is ready. 21/08/2024 9:06 PM CharlieM “On a like-for-like basis, operating profit excluding accelerated depreciation and one-off costs stands at RM45.2 million, reflecting a substantial 19.7% increase compared to the same quarter in 2023.” 21/08/2024 10:37 PM Up_down One off costs for relocation and dismentling of old factory is expected to incur for 3rd Qtr 24 Qtr and 4th Qtr 24. Better earnings due to RM strengthing against US will be reflected in 4th Qtr 24 for offseting final one off costs. 22/08/2024 11:30 AM Up_down In average, 40% (Intercompany purchases/Revenue) of the materials is purchased from overseas (monther company) in Holand. 22/08/2024 11:39 AM CharlieM Next year they going to build Dedicated Centralised Distribution Center. This company going to be big in 2026. 22/08/2024 2:57 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ >>> CharlieM “On a like-for-like basis, operating profit excluding accelerated depreciation and one-off costs stands at RM45.2 million, reflecting a substantial 19.7% increase compared to the same quarter in 2023.” 17 hours ago >>> This statement in the latest quarterly report shows its business operation is improving. Read Common Stocks and Uncommon Profits by Philip Fisher. In the book, he described why he loved a company that had to spend a lot of money to build up its manufacturing facilities and in the interim reported challenging earnings. Going forward, there will still be more expenses to put the whole factory in efficient operation. After that, DLady will be firing on all 4 cyclinders (hopefully ;-) ) 22/08/2024 4:22 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Many institutions sold DLady when it cut its dividends. These institutions were probably mandated to look at income in their portfolio. The reason for the cut in dividends was obvious. DLady redirected this to fund its new factory in Negri Sembilan. Remarkably, it continues to pay dividends (though diminished) and has not borrowed heavily to fund the factory. Once the factory is up and running, we can expect the dividends to increase again. But I should not be sharing this too openly as I wish for the stock price to be down since I like to buy grocery cheap. :-) 22/08/2024 4:27 PM  calvintaneng please do think very carefully see two macro picture 1. In Peninsular (West Malaysia ) there is a 52% diesel price rise as such all industries will be impacted by a corresponding rise of 5% to as high as 30% these will see higher cost 1. property 2. construction 3. construction material 4.logistic that send goods by lorry or ships 5. consumer food and drink which are bulky 6. Toll road owners as lorries now see higher operation cost by 52% they will make less trip so less collections from till others 2. By Nov 2024 if Trump gets elected he will impose 10% tariff (tax) for all and for China it will be 60% tariff so all industries related to export to USA will be hit two things will hit all a universal price rise caused by rise of diesel 52% a universal tariff by USA from 10% to 60% that is why it is of utmost safety to go invest in East Malaysia stocks which got no 52% diesel rise there and palm oil export is more to India and China (not USA) 23/08/2024 10:43 AM Up_down Net profit margin would be gradually recovered to the industry norm 10% from 6% existing level. It won't drag for long time since LHDN is keeping an eye on the transfer pricing policies. Haha 23/08/2024 1:57 PM CharlieM Number one rule, invest in good companies. Diesel cost affected the whole industry with physical products. So it’s a level playing field. Increased in cost is mostly transferred to consumers. For consumer staples like milk, changes in demand would be minimum. USD to MYR is down almost 10% from 4.77 to 4.37. That will translated into cost saving in the future. Dlady hedges forex 6 monthly. 23/08/2024 3:23 PM calvintaneng Until Govt Removed Subsidy for Diesel Now Diesel up 52% Every thing goes up by 5% to 30% due to Very High Cost of Lorry Transport Cascading down to High Cost of All Things from food to clothing to transport Ony Guy said Before Price Rise High Toyota Hilux Full Tank was Rm180 Now is Rm250 So all consumers will eat cheaper buy cheaper clothes or buy less So? Sell & switch now SOP (5126) A FANTASTIC RESULT AND A ROCK SOLID BALANCE SHEET FROM THIS PALM OIL COMPANY, Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-29-story-h-153176392-SOP_5126_A_FANTASTIC_RESULT_AND_A_ROCK_SOLID_BALANCE_SHEET_FROM_THIS_PA 29/08/2024 7:55 PM calvintaneng DO NOT KEEP A STOCK WITH IMMINENT PROFIT MARGIN CONTRACTION NESTLE: WHY IT IS NOW TOO PRICEY AND MIGHT SEE PRICE FALL DOWN FURTHER, Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-29-story-h-153175304-NESTLE_WHY_IT_IS_NOW_TOO_PRICEY_AND_MIGHT_SEE_PRICE_FALL_DOWN_FURTHER_C 29/08/2024 8:48 PM calvintaneng Dow Jones crashed by 600 points world market in turmoil anything can happen with boycott of KFC, McDonald and Starbuck coffee later might come to Dutch lady Since Dutch is a foreign name they might tell or people to avoid and to buy Susu lembu asli why? what happened to KFC and Starbuck can happen to "Dutch" 04/09/2024 8:37 AM  EngineeringProfit Say it if you just want to collect cheap sub 30, Calvin BIMB is all in here. And with halal cert- why worry? 04/09/2024 8:50 AM CharlieM USD is at RM4.27 now and trending down.. net profit % back to double digit? 17/09/2024 3:35 PM Up_down Don't tell the LHDN that net margin is unable to return back to at least 9% while sales increasing and RM stengthen to 4.16. LHDM won't suspect of unfair transfer pricing in intercompanies purchases and it is bad to branding. 02/10/2024 12:56 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Looking forward, the company aims for greater profitability through its new facility and expanded production capacity, potentially enhancing shareholder dividends in the years ahead 05/11/2024 4:19 PM calvintaneng This will happen Dlady is suffering from the "Law of Diminishing Return" Do more can earn even lesser INVESTING IN AN INFLATIONARY ENVIROMENT: What Are The Stocks To Avoid & The Assets to Buy, Calvin Tan https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-20-story-h474669926-INVESTING_IN_AN_INFLATIONARY_ENVIROMENT_What_Are_The_Stocks_To_Avoid_The 20/11/2024 12:35 PM calvintaneng Don't be stubborn and get stuck here for another 5 to 10 years Switch to Palm Oil now https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-27-story-h475502308-JAYA_TIASA_4383_WAS_71_5_SEN_REPOSTING_THIS_PALM_OIL_JEWEL_LATEST_UPDATE 27/11/2024 11:06 AM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ I will not share too much on this company for now, but that I remain positive on Dutch Lady. 29/11/2024 7:22 AM ttt what does calvin keeps spreading fake news.. Dutch lady isnt even on the index to begin with 06/12/2024 4:01 PM CharlieM Operating Profit up 96.3% Accelerated depreciation completed. From the latest QR released today: “Operating profit for this quarter was RM42.9 million, an increase of 96.3% compared to the previous quarter. In line with the announced investment in our future manufacturing activities, DLMI applied accelerated depreciation of its assets in the Petaling Jaya factory that cannot be transitioned to the new site. The accelerated depreciation ceased at the end of Q2 2024, while other one-off operating costs related to activities for the construction and transition towards the new site have been incurred in the remaining quarters of 2024. The reported operating profit includes costs for accelerated depreciation and one-off costs amounting to RM1.4 million in Q4 2024, compared to RM13.2 million in Q3 2024.” 20/02/2025 5:42 PM CharlieM Dutch Lady posts 33.5pct higher earnings to RM96.7mil in FY24 KUALA LUMPUR: Dutch Lady Milk Industries Bhd's (DLMI) net profit rose 33.5 per cent to RM96.7 million for the financial year ended Dec 31, 2024 (FY24) from RM72.4 million a year ago. The company's revenue rose to RM1.45 billion from RM1.44 billion in FY23. "Full-year performance showed solid progress with profit before tax increasing by 29.6 per cent to RM125.0 million, reflecting strong operational execution, and successful transition to the new facility," it said in a statement today. In the fourth quarter (Q4), the dairy group's net profit rose 34.6 per cent to RM30.7 million , while revenue climbed marginally to RM365.9 million from RM364.5 million a year ago. DLMI said growth in revenue was predominantly driven by higher sales in the company's core range of UHT milk products and sales of the newly-launched Dutch Lady Sip & Seal Packs. DLMI managing director Ramjeet Kaur Virik said the company remains steadfast in providing consumers with high-quality, sustainable and Halal dairy nutrition. "As part of the transition to DLMI@Enstek, we discontinued the production and distribution of some of our non-core Dutch Lady range of products in Q3 2024, which partly offset the growth in the core range compared to the same quarter last year," she said. In addition, Ramjeet said the construction of DLMI's distribution centre next to DLMI@Enstek is well underway and expected to be completed in the first half of 2025. "While we continue to be cautiously optimistic for the year ahead, we look forward to this journey with new opportunities boosted by increased capacity and room for innovations," she added. 21/02/2025 9:18 AM calvintaneng Nestle crashing High cost of ingredient High minimum wage now Rm1700 Extra cost of paying Epf even for foreign worker Diesel cost up 52% Later petrol Ron95'will up Hardscrabble Consumer no money spend on extra Law of diminishing Lactitan & Petchem consumer discretionary down first Later consumer stable like Nestle and Dlady follow down 06/03/2025 9:50 PM calvintaneng Blame Blind 3iii dinosaur blame SEE(bodoh) Research never come here give warning but kacau good 🌴 now see https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-05-14-story-h1565065091-HOW_PUMP_AND_DUMP_SYNDICATES_OPERATE_IN_BURSA_Please_Avoid_At_All_Costs 08/03/2025 9:17 PM SEE_Research Not afraid of his SUPERIOR BEAR STOCKS ? LIKE NETX / 0020 __ HIS PRECIOUS GOLD MINE STOCK ? AND HE SHOUTED VEHEMENTLY ON HIS SUPERIOR GOLD MINE STOCK ___ DO NOT WANDER EVERYWHERE __ JUST IN CASE YOU STEP ON THE LAND MINE OF SUPERIOR SUPERMAX ? STAY SAFE IN THE PRECIOUS METALS OF GOLD MINE STOCK OF NETX / 0020 LIKE SCOMIES ___ 7045 HIS MOST UNDERVALUED STOCK ? LIKE K AKI POWER AND CHANGED NEW NAME TO RENEUCO/ 7130 ____________ HIS EVERGREEN SOLAR PANEL STOCK OF ASIA WELL IS HE CHANGING NEW NAME TOO TO = C T E Y C alvin = C orrupted and C ontaminated T an = T rickster S uperior E ng = E vil S uperior Y ee = Y ee ____ " so lar char " character And please do not forget his Nyonya Kuih Talam T/ RM __ 0.12 after his heavy share consolidation exercise ? Obviously cannot be eaten as already busuh and expired after share consolidation exercise __ but loved by many misled followers Do you __ Alistino is so greedy to partake of such busuh rotten fruits of KLSE ? 09/03/2025 3:22 AM SEE_Research BAD RESULT : ALL OF YOUR DEDICATION IN THE SPECULATIVE ACTIVITIES IN KLSE ; S G X , SINGAPORE ; AFRICA COME INTO ___ "" 0 "" = """ i c e k o s o n g """ AS THE MANY OF YOUR MISLED FOLLOWERS IN NETX / 0020 SCOMIES/ 7045 K POWER AND CHANGED NEW NAME TO RENEUCO / 7130 KUIH TALAM T / 2259 BUT BARELY CAN BE EATEN AT RM 0.03 T S H / 9059 _ ALREADLY DETERIORATED AND BECOME T ONG S AMPAH H ABIS HAD THEIR UNITY PRAYER TO SEEK JUSTICE FROM THE COURT OF HEAVEN TO PUNISH YOU / CALVIN TANENG YEE __ BOH LIAU FELLA __ KAW , KAW , KAW CHUN , CHUN , CHUN WITH SEVERE JUDGEMENT THAT THE SWAMP OF LOCUSTS WILL DEVOUR ALL YOUR 8 ROTTEN FRUITS OF PLANTATION STOCKS ON YOUR TOTAL FAILURE ON YOUR PROMISES TO RE VISIT BACK ON THE FORUMS OF NETX / 0020 SCOMIES / 7045 K POWER AND CHANGED NEW NAME TO RENEUCO/ 7130 KUIH TALAM T/ 2259 AND YOU / LAPSAP LONGKANG SPECULATOR OF PLANTATION STOCKS IN KLSE REFUSES TO TENDER YOUR SINCERE APOLOGIES OR EVEN BULLS SHHEEETS APOLOGIES __ A LAPSAP LONGKANG SPECULATOR OF PLANTATION STOCKS IN KLSE BUT NO BACK BONE AS A GENTLEMAN.. WITH YOUR FLABBY BELAKANG THICKER THAN THE GREAT WALL OF CHINA ; COUPLED WITH YOUR NARCISSISTIC CHARACTER THAT IS OVER THE HILLS. ============================================================== But calvintaneng boh liau as the jaga kereta fella needs 6 hours to jaga kereta in T S H + 2.5 hours to issue new blog posts in i3 Blog Headlines + 8 hours of sleeping time __ all your hours are fully employed . With your 1 , 8 8 4 blog = 4 , 710 hours __ presumably calvintaneng as a dedicated speculator who is blessed to be awake for 1 full day __ you still need 197 continous days of non sleeping days to be able to complete your dedicated task of 1 , 8 8 4 new blogs In short __ you can work thru the many , many , many days and the many days turn into dark nights ___ without sleeping __ ___ without eating _perhaps you are also well blessed as the SUPERIOR HUMAN IN KLSE OR IN THE WORLD OF FINANCIAL MARKETS. IN SHORT __ WE REALLY MARVEL ON YOUR _SUPERIOR ABILITIES AS THE SUPERIOR SPECULATOR SUPERIOR __ PAST TIME PASTOR OR PART TIME PASTOR FOR ABLE TO OBTAIN APPROVAL FROM YOUR CONSERVATIVE CHURCH ON THEIR CODE OF CONDUCT AS A PAST TIME PASTOR OR PART TIME PASTOR TO CONDUCT ALL YOUR SPECULATIVE ACTIVITIES IN THE WORLD OF FINANCIAL MARKETS OF KLSE ; SGX __ AFRICA A GREAT MAN OF MANY HATS ============================================================== From : Berlin calvintaneng; Is this not the same Hexcap you promoted to me in June 2024 at 66 sen claiming it would soon breach RM1.00? You are utterly shameless and recalcitrant. ============================================================== From : mnizam7520 😂🤣😂😂. You guys still believing this photostat sifu. Just imagine from 0.66 dropped to 0.30. adoi! Kaki spin kuat Posted by mnizam7520 > 4 hours ago | For new readers, I just want to warn you, not carried away with bogus guru " Peter lynch wanna be" story. ============================================================== He has high imagination and shameless attitude. He has high imagination and shameless attitude ============================================================== We don't need his advice and please be full-time priests at Jurong. Malaysian don't need you We don't need his advice and please be full-time priests at Jurong. Malaysian don't need you ============================================================== From : Berlin The Calvinistic clown is a delirious nutcase inflicted with delusions of grandeur with a self anointed mission to save stock punters from themselves. If only he had better training and a more incisive mind with less hyperbole. ============================================================== From : StarOfTheBull To: xiaoeh, Exactly, can you imagine if Calvin on one hand holding a stick of Marlboro cigarette, one glass of Hennessy XO on his desk and write blogs to promote his stocks? ============================================================== 09/03/2025 1:24 PM SEE_Research Posted by calvintaneng > 2019-10-01 12:17 | Report Abuse Religion? I also don't like religion at all For me it is a real live experience AND God is more real to me than anyone else or anything on planet earth ============================================================== Posted by calvintaneng > 1 month ago | Report Abuse Amen ============================================================== Q U E S T I O N : IS TODAY = 9 MARCH 2025 ___ A DEFINITIVE SUNDAY ? AT LEAST ON A SUNDAY __ AS YOU PROCLAIMED THAT YOU ARE NOT GOING TO BE A FALSE PROPHET ? A. More real than your constant indulgences in your lapsap longkang of wild speculative activities in KLSE and SGX __ Africa with your daily & nightly volume of VOLUPTUOUS COMMENTS Total comments 58,724 New Blog post out in i3 Blog Headlines 1, 8 9 4 new posts YOUR MAIN OCCUPATION IS YOUR WILD SPECULATIVE ACTIVITIES IN KLSE ___ OR FAKED PRIEST ? IS YOUR CONSERVATIVE CHURCH FULLY APPROVE ON YOUR WILD SPECULATIVE ACTIVITIES IN KLSE ? IS YOUR GOOD BUSINESS OR YOUR COMRADE IN CRIME = KONG HEE PASTOR ARE YOU ; CALVINTANENG BOH LIAU FELLA __ HIS STUDENT ? OR HE / KONG HEE PASTOR IS YOUR STUDENT ? ???????????????????????????????????????????????????????????????????????? calvintaneng | Joined since 2013-09-18 18:44:54 Investing Experience Advanced Risk Profile Low Just as the eagle loves the storm because he soars above it Calvin welcome market crashes. To be fearful when others are greedy and to be greedy when others are fearfully selling. Summary New Blog post out in i3 Blog Headlines 1, 8 9 4 new posts Total comments 58,724 Past 30 days 594 Past 7 days 152 Background of Kong Hee Pastor Kong Hee, the founder of City Harvest Church in Singapore, was convicted of misusing church funds to support his wife's music career. How was Kong convicted? In 2015, Kong and five other church leaders were found guilty of criminal breach of trust (CBT). The court ruled that the group misused church funds to fund the music career of Kong's wife, Ho Yeow Sun. The court also found that the group falsified accounts to cover up the misuse. What was the sentence? Kong was jailed for eight years. Others received sentences ranging from 21 months to six years. What was the impact of the case? The case was Singapore's biggest case in misuse of charitable funds. The court noted that the $50 million was ultimately returned to the church. What happened after the conviction? Kong served his sentence at Changi Prison Complex from 2017 to 2019. He was released from jail on August 22, 2019, a day before his 55th birthday. 09/03/2025 2:57 PM calvintaneng A sweeping crisis is coming will dlady fall to it's 1997/8 low of Rm1.70? see https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2016-05-29-story-h54330776-THE_ASIAN_FINANCIAL_CRISIS_CRASH_OF_1997_to_1998_Stock_Prices_TTB_of_ICap 10/03/2025 9:58 PM mf Dow Jones Dow Jones Industrial Average 42,436.11 -365.61 0.85% Nasdaq NASDAQ Composite 17,719.99 -476.22 2.61% 10/03/2025 10:05 PM calvintaneng All the adverse factors faced by Nestle also will befall Overpriced Dlady No more cheap diesel as Diesel now up 53% later Ron95 will also increase Minimum wage up from Rm1500 to Rm1700 Added burden of admin cost to pay Epf for foreign worker Rise of electricity later after rise of water tariff plus general rise of cost inputs and fierce competition in a tough market The lofty price of Dlady that went up from Rm1.70 low to mountain peak of Rm76 will now deflate back to reality 19/03/2025 10:38 AM SEE_Research Posted by calvintaneng > 57 minutes ago | Report Abuse Now listen all Nestle is a lesson for all ============================================================== A N S W E R : A. Now listen all __ do not listen to this con man __ calvintaneng boh liau fella ___ had been croaking from the ______ lapsap longkang of West Jurong __ Singapore Of buying into his sampah sarap shares in KLSE Like Netx / 0020 Like Scomies / 7045 Like K Power __ Reneuco now ___ changed new name Calvin Tan __ boh liau fella ___is also changing new name too C alvin = C orrupted and C ontaminated T an = T rickster S uperior E ng = E vil S uperior Y ee = so. " lar char " __ character Kuih Talam T but the expired Kuih Talam / 7130 barely can be eaten at RM 1.10 or RM 0.11 __ after consolidation exercise His current / March 2025 lapsap longkang shares are T S H / HIS SUPERIOR T ong S ampah H abis from RM 1.89 / 25 - 2 - 2022 to below RM 1.28 and He started to promote heavily in December 2020 till now / March 2025 ___ caught for 5 years coming with no shame ? Supermax 19/03/2025 11:43 AM SEE_Research Posted by calvintaneng > 57 minutes ago | Report Abuse Now listen all Nestle is a lesson for all ============================================================== A N S W E R : A. Now listen all __ do not listen to this con man __ calvintaneng boh liau fella ___ had been croaking from the ______ lapsap longkang of West Jurong __ Singapore Of buying into his sampah sarap shares in KLSE Like Netx / 0020 Like Scomies / 7045 Like K Power __ Reneuco now ___ changed new name Calvin Tan __ boh liau fella ___is also changing new name too C alvin = C orrupted and C ontaminated T an = T rickster S uperior E ng = E vil S uperior Y ee = so. " lar char " __ character Kuih Talam T but the expired Kuih Talam / 7130 barely can be eaten at RM 1.10 or RM 0.11 __ after consolidation exercise His current / March 2025 lapsap longkang shares are T S H / HIS SUPERIOR T ong S ampah H abis from RM 1.89 / 25 - 2 - 2022 to below RM 1.28 and He started to promote heavily in December 2020 till now / March 2025 ___ caught for 5 years coming with no shame ? Supermax 19/03/2025 11:43 AM SEE_Research Posted by calvintaneng > 2 months ago | Report Abuse Eg is a clear case of a "pump and dump" ???????????????????????????????????????????????????????????????????????? The boh liau fella ___ calvintaneng is exposed on his tricks on limit up prices of Texchem Official letter on limit up prices of Texchem / 8702 Official letter of query letter : Reference IQL 13072020 - 00001 Date of official query letter on limit up prices : 13 - 7 - 2020 Limit up price of RM 3.73 / 13 - 7 - 2020 Pump and dump price of RM0.72 / RM 0.72 / by his kawan baik dengan dana bersingdiket. =============================== =============================== To : All From : SEE_Research issued on 4.15 pm., 26 - 2 - 2025 / Wednesday ___ A. Should you are getting your news from Mr calvintaneng ___ the boh liau fella ___ had been croaking from the lapsap longkang of West Jurong Industrial Estate , West Singapore Your news are well manipulated with _______ F A K E D N E W S . 19/03/2025 12:56 PM SEE_Research Many newbies and uninitiated investors bought on the limit up price of TEXCHEM/ 8702 On 13 July 2020 __ RM 3.37 level ( CHUN , CHUN , CHUN METHOD IS EMPLOYED BY CALVIN ) Price of Texchem RM 0.74 / 24 - 1 - 2025 AND OBVIOUSLY HE AND HIS BANYAK KAWAN BAIK SUDAH LARI WITH THEIR SHARE PUMP AND DUMP BY CALVIN & HIS SYDICATED FUNDS . AND THE OFFICIAL QUERY CAME OUT THRU BURSA , K L AND KLSE EXCHANGE Our SUPERIOR BLOGGER is so , so ,so busy for nothing , of course not , my experienced clients already highlighted on his superior blogging skill , you can note that banyak kawan baik dengan dana bersingket also is official highlighted thru U M A on Texchem from official source of KLSE /BURSA $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Letter Subject or Reference - UNUSUAL MARKET ACTIVITY TEXCHEM RESOURCES BERHAD Type Reply to Query Reply to Bursa Malaysia's Query Letter - Reference ID IQL-13072020-00001 Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY Description Texchem Resources Bhd. - Unusual Market Activity Query Letter Contents We draw your attention to the sharp rise in price and volume of your Company’s shares recently (“trading activity”). In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements : 1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions 2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR; 3. Whether you are aware of any other possible explanation to account for the trading activity; and 4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations. Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK. Yours faithfully, Bursa Malaysia Securities Berhad Reference is made to the query received from Bursa Malaysia Securities Berhad (“Bursa Securities”) on 13 July 2020 pertaining to the sharp rise in price and trading volume of the Company’s shares recently (“trading activity”). In accordance with Paragraph 9.11 of the Main Market Listing Requirements (“MMLR”) of Bursa Securities, the Company after making due enquiry with the Board of Directors (“Board”), major shareholders and such other relevant persons, is of the view that the trading activity may be due to an article published by thru Mr Calvin Tan Eng Mr Calvin Tan Eng Mr Calvin Tan Eng 19/03/2025 12:59 PM CharlieM This is counter is sleeping. Milk commodity is trading at 6 month low. Lower than pre covid. Profit margin will be higher. 03/04/2025 11:13 AM  |
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