AJINOMOTO (M) BHD

KLSE (MYR): AJI (2658)

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Last Price

15.10

Today's Change

-0.28 (1.82%)

Day's Change

15.10 - 15.36

Trading Volume

36,600

Overview

Market Cap

918 Million

NOSH

61 Million

Avg Volume (4 weeks)

15,921

4 Weeks Range

15.10 - 15.78

4 Weeks Price Volatility (%)

0.00%

52 Weeks Range

10.92 - 17.10

52 Weeks Price Volatility (%)

67.64%

Previous Close

15.10

Open

15.36

Bid

15.12 x 200

Ask

15.28 x 4,000

Day's Range

15.10 - 15.36

Trading Volume

36,600

Financial Highlight

Latest Quarter | Ann. Date

30-Jun-2023 [#1] | 24-Aug-2023

Next QR | Est. Ann. Date

30-Sep-2023 | 29-Nov-2023

T4Q P/E | EY

22.64 | 4.42%

T4Q DY | Payout %

0.60% | 13.64%

T4Q NAPS | P/NAPS

8.81 | 1.71

T4Q NP Margin | ROE

6.64% | 7.57%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: FOOD& BEVERAGES

Subsector: FOOD& BEVERAGES

Description:

Ajinomoto (Malaysia) Bhd is engaged in manufacturing and selling of monosodium glutamate (MSG) and other related products. The company operates through two segments. Its Consumer business segment manufactures and distributes various consumer products, seasonings as well as provides services in relation to the food industry. The Industrial business segment consists of production and distribution of MSG for industry-use and industrial seasonings. In addition, it offers retail products under the brands, such as AJI-NO-MOTO, TUMIX, SERI-AJI, AJI-SHIO, Pal Sweet, AJI-MIX and AJI-NO-MOTO PLUS. The company's industrial products include hydrolyzed vegetable protein (HVP), AJI-AROMA, AJIMATE and ACTIVA TG.

Discussions
8 people like this. Showing 50 of 1,568 comments

Nepo

Still no yet collected enough?
Today probably is the last chance for you to pick up at RM 14.6x
hurry up

2023-05-18 08:54

Nepo

It likes giving you money almost at zero risk, but why nobody wants to buy..?
This is what i don't understand..
buy in before QR out

2023-05-18 10:16

Nepo

Scooping the bottom RM 14.58

2023-05-18 11:23

Nepo

this afternoon probably is the last chance to buy at around RM 14.6x
you want risk free investment..? HERE IS THE ONE

2023-05-18 12:36

Nepo

After crossing over RM 14.70 hurdle, then it is not going to turn back, mark my words

2023-05-19 14:15

KingKKK

The profit should be lower if exclude the tax write back effect:

In the current quarter, the Company recorded tax write back of RM13.6 million due to the income overprovision in prior year of RM3.7 million and recognition of deferred tax asset for unutilized special reinvestment allowance estimated at RM13.8 million which is expected to offset against future profit. As a result, the Company recorded profit after tax of RM23.1 million in the current quarter.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3357246

2023-05-31 09:15

nicky

Land disposal yet to announce ................more to come

2023-05-31 13:50

Nepo

Wondering what is the land size ai Kuchai that is going to be sold? Heard that market price at RM 400 psf

2023-06-14 12:15

Nepo

Slow and steady
One of my best performer in my portfolio
This stock should be priced over RM20
Die die not sell until the time the naysayers regret to buy in during chance of your lifetime...

2 months ago

Nepo

Ajinomoto Malaysia sells land to TS Law for RM408 mil cash, plans special dividend of RM2.12 sen per share
By Priyatharisiny Vasu / theedgemalaysia.com
20 Jul 2023, 06:09 pm
Updated - 07:34 pm

https://theedgemalaysia.com/node/675458

2 months ago

Nepo

If you sold off, definitely you need to hit yourselves badly and regrettably

2 months ago

James_Bond

Who knows it will end up like Genting failing to seal the land deal… hmm…

2 months ago

James_Bond

There r many people waiting to dispose the aji tickets! Aji flavoring still making many people experiencing the disgusting thirst!

2 months ago

speakup

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5938543/
still eat ajinomoto? think again!

2 months ago

fortunefire

the power of special dividend

2 months ago

DestinyL

Those who missed the boat will moan, let them show their regrets by saying otherwise bah

2 months ago

James_Bond

Taking MSG will to toxic effects to our bodies such as CNS disorder, obesity, disruptions in adipose tissue physiology, hepatic damage, CRS and reproductive malfunctions! OMG! OMG! OMG!

No wonder my body keeps on rejecting Ajinomoto (MSG) flavoring!

2 months ago

DestinyL

Ahah, here comes the sour grape! Please go on...

2 months ago

Bullcoming

Expect go much higher, 18 and beyond?

2 months ago

MG9231

利字出尽,可要见好就收

2 months ago

nicky

James Bond scared of MSG.. ??? What a joke. If MSG so toxic then why Japanese still have long life compared to other countries,,,... ??? think before you commend.

2 months ago

Nepo

Stay firm & calm
Don't be washed out.
After this perfect storm, sure promising future is awaiting for you..
latest price RM16.32, leave a track record here..

2 months ago

DestinyL

Might still drop below 16, many never heard of the saying market favors the patient ones

2 months ago

MG9231

News out ,special dividend on land disposal already priced in, time to take profit!

2 months ago

Nepo

yes, patience is a good one.
Another characteristic you need to have is go against humanity.
If you can do that then you can get twice the result with half the effort.
try it..it gonna to be interesting..

2 months ago

stoneage

how to go against humanity?

2 months ago

Nepo

How to go against humanity?
It is a simple Warren Buffet investing rule:
Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.”

Pls take note the above statement is only apply to good companies.

2 months ago

Nepo

This stock has one advantage over other stocks because of its new factory at Bandar Enstek, Negeri Sembilan. It is a Halal Hub where any Aji Products exported will have defined years of tax exemption.

2 months ago

Nepo

Poor people like me definately need to take the risk.
if not, your next generations, most probably have more difficult life because of lesser chance..
that is y i called myself anonymous warrior

2 months ago

Nepo

The Disposal Consideration is further supported by the valuation certificate dated 20 July 2023.
The Disposal Consideration represents a 12.09% premium to the market value of the Subject
Property of RM364,000,000 as appraised by the independent property valuer, namely CBRE WTW
Valuation & Advisory Sdn Bhd (“CBRE” or “Valuer”) as at the date of valuation on 5 July 2023 vide
its valuation certificate.

2 months ago

Nepo

After proposed disposal NTA = RM 14.60
After proposed disposal and special dividend=RM 12.50

2 months ago

Nepo

ESTIMATED TIMEFRAME FOR COMPLETION
Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the 1st quarter of calendar year 2024. The Proposed Special Dividend is expected to be implemented within 6 months from the completion of the Proposed Disposal.

2 months ago

Nepo

8. APPROVALS REQUIRED
The Proposed Disposal is subject to the following approvals/consents being obtained:
(i) shareholders of AMB at an EGM to be convened;
(ii) written consent from the relevant authority (including but not limited to the Ruler in Council,
Pihak Berkuasa Negeri and Jawatan kuasa Tanah Wilayah Persekutuan, as may be
applicable) to the sale and transfer of the Subject Property from AMB to Paragon (“State
Consent”). The application for the State Consent will be submitted within 2 months from
the date of this Announcement;
(iii) AMB obtaining the written consent of Tenaga Nasional Berhad (“TNB”) for the sale of Lot
22968 (which is part of the Subject Property) subject to the Lease 2;
(iv) AMB obtaining the written consent of TNB to the charging of Lot 22968 subject to Lease 2
in favour of the Paragon’s financier; and
(v) any other relevant authorities and/or parties, where applicable.
The Proposed Special Dividend is not subject to approval from shareholders of AMB or any
authorities

2 months ago

Nepo

2. Mode of Settlement
The Disposal Consideration of Ringgit Malaysia Four Hundred and Eight Million (RM408,000,000)
only shall be paid by the Purchaser in the following manner: -
a) A sum of Ringgit Malaysia One Hundred Thousand (RM100,000.00) only (“Earnest
Deposit”) paid by the Purchaser to the Vendor prior to the execution of the SPA.
b) Upon execution of the SPA, a sum of RM40,700,000 (“Balance Deposit”) to be paid by
the Purchaser in the following manner: -
(i) A sum of Ringgit Malaysia Twelve Million Two Hundred Forty Thousand
(RM12,240,000.00) only, which is equivalent to three per cent (3%) of the Disposal
Consideration payable to the Purchaser’s solicitors as stakeholders;
(ii) A sum of Ringgit Malaysia Twenty Eight Million Four Hundred Sixty Thousand
(RM28,460,000.00) only shall be paid by the Purchaser to the Vendor’s solicitor as
stakeholders.
The Earnest Deposit and the Balance Deposit shall collectively be referred to as the
“Deposit”

c) A sum of Ringgit Malaysia Three Hundred Sixty Seven Million Two Hundred Thousand
(RM367,200,000.00) only (“Balance Purchase Price”) shall be paid by the Purchaser
within 3 months from the unconditional date of the SPA (i.e. the date on which the last of
the Condition Precedent is met) (“Completion Period”), failing which, the Vendor hereby
expressly agrees that the Completion Period shall be automatically extended for 1
month from the expiry of the Completion Period (“Extended Completion Period”)
provided the Purchaser pays to the Vendor interest on the Balance Purchase Price or
unpaid balance thereof, as the case may be, interest at the rate of 8% per annum
(“LPI”)

This Announcement is dated 20 July 2023

2 months ago

Nepo

After disposal of land, repayment of bank loan + advance from holding co, co becomes net cash co with cash per share = RM 3.35 per share.

as at 31 March 2023:-
liquid investment = 17,837,000
cash = 57,242,000

Plus cash from disposal of land after repayment of bank loan, advance from holding co
and special dividend (RM2.12 per share)= RM 128,778,000

total cash+ liquid investment =17,837,000+57,242,000+128,000,000 = 203,857,000
no of shares = 60,799,000

=203857000/60799000
=RM3.35 per shares

2 months ago

Nepo

Now the most important thing is the disposal of land need to be successfully complete as scheduled..

2 months ago

wallstreetrookieNEW

Why are you copy and pasting the entire SPA lol

1 month ago

wallstreetrookieNEW

All time high imminent

1 month ago

Nepo

30.6.2023 Q1 result, Profit before tax = RM 16,051,000
31.3.2023 Q4 result, Profit before tax = RM 9,537,000

Q to Q comparison, Profit before tax actually is Increased by 16051-9537/9537 = 68%

1 month ago

James_Bond

Japan dumping radioactive wastes to the ocean, poisoning all marine creatures and soon the radioactive contaminated water will evaporate to the sky and form as rains to continue harming the land living beings. Japan will continue to dispose the wastes in the future if we don’t do something about it. Boycott Japan related company! Boycott! Boycott! That’s why Kamma strikes Aeon Credit, soon will hit Aji with flavoring related business! Kamma! Kamma! Kamma!

1 month ago

James_Bond

Malaysia gov should stop all tax incentives to all Japanese companies for such selfish acts!

1 month ago

Dehcomic01

Over the past few years, the ROE of this company has gone below 10% despite growing revenue. Has it lost control of its gross margins? Not a good sign

1 month ago

MG9231

Inflated cost with artificial transfer pricing at the expense of minority shareholders

1 month ago

alan26334

support by up coming special dividen rm2.1 or 13% at share price rm16

1 month ago

alan26334

business profit also start recover, more gain to come

1 month ago

Nepo

too bad, nuclear waste dumping
japanese co image tarnish
worst still if raw materials contaminated..

1 month ago

Nepo

Do you notice that Aji Japan Holding company share price not affect by nuclear waste dumping..?
So why we worry for the recent downtrend..
top up some @ RM 15.90 rare opportunity

4 weeks ago

Nepo

top up some @ RM15.60

3 weeks ago

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