Challenging prospects: MIDF Research has reiterated its ‘neutral’ call on MSM, with a lower target price of RM3.86.
PETALING JAYA: Refined sugar producer MSM Malaysia Holdings Bhd
’s (MSM) profitability may be affected if the new government lowers the ceiling price of refined sugar.
According to CIMB Research, the new administration may review the existing ceiling price in view of the lower raw sugar prices. This is in line with Pakatan Harapan’s election manifesto which aims to alleviate the rising cost of living.
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