PETALING JAYA: MSM Malaysia Holdings Bhd
’s earnings are expected to improve, driven by higher average selling prices (ASPs) for export products, a better hedging position on the raw sugar price and potentially lower input costs, benefiting from a strengthening ringgit.
The producer of Gula Prai refined sugar fell into the red in the second quarter of 2024 (2Q24), recording a core net loss of RM14.1mil. This was despite two consecutive profitable quarters (4Q23 and 1Q24), pointed out BIMB Securities Research.
