MFM likely to see better results

Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

PETALING JAYA: Malayan Flour Mills Bhd’s (MFM) net profit is expected to recover in its current financial year after being hit by a string of issues the previous year.

AmInvestment Bank Research said the company’s flour and poultry divisions would improve, and has maintained its “buy” call with an unchanged fair value of 89 sen.