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Market Daily Report: Bursa Malaysia Gives Up Earlier Gains To End Mixed

KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
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Farm Fresh Hits Record High: Can It Climb Higher?

Key Takeaway: Farm Fresh's share price has surged 77% from its low, reaching RM1.88 amid recovering earnings, expansion into new product lines, and strong investor confidence.

Farm Fresh Bhd has rebounded strongly, driven by declining raw milk costs and successful diversification into products like ice cream, butter, and formula milk. Co-founder Loi Tuan Ee emphasizes the company's focus on long-term growth, maintaining market share even during margin pressures.

Highlights:

  1. Strong Financial Recovery:

    • FY2024 profit rose 27% to RM63.53 million.
    • 1QFY2025 net profit hit RM25.99 million, suggesting potential full-year earnings of RM103.96 million.
    • Recent acquisitions like The Inside Scoop and Sin Wah Ice Cream contributed significantly to growth.

  2. Market Performance:

    • Farm Fresh’s shares are up 41% year-to-date, with analysts projecting FY2025 profits between RM104 million and RM113 million, and FY2026 growth to RM137 million–RM146 million.

  3. Valuation and Investor Sentiment:

    • Current price-earnings ratio (PER) of 42 times, close to Nestlé’s 45 times, but higher than Dutch Lady’s 22 times.
    • Analysts’ target prices range between RM1.95 and RM2.11, suggesting moderate upside potential.
    • Strong institutional backing, particularly from Khazanah Nasional.

Outlook and Opportunities:

  • Expansion Plans: Farm Fresh aims to capture a larger share of the hotel, restaurant, and café market, while continuing to introduce new products.
  • Potential Catalysts: Analysts could revise price targets if upcoming quarterly results demonstrate further growth in new product lines.

Investor Consideration: While Farm Fresh appears expensively valued, its strong brand presence, growing product portfolio, and institutional support may justify a long-term investment. Investors should monitor upcoming earnings and expansion efforts for further upside.

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