SUGAR refiner MSM Malaysia Holdings Bhd has not performed well over the past few years owing to myriad issues that have adversely impacted its bottom line. A 51%-controlled company of plantation outfit FGV Holdings Bhd, MSM enjoys a commanding 60% market share of the local sugar refining business. But although it is the dominant player in a duopoly, the company has suffered losses in three out of the past five financial years, prompting questions on what ails it and when investors can expect sweeter returns.
KUALA LUMPUR (Jan 7): MSM Malaysia Holdings Bhd has secured a contract worth an estimated RM290 million to supply refined sugar to The Coca-Cola Company (Coca-Cola) for both domestic and international production. In a statement on Friday (Jan 7), the sugar refiner said the contract, won by its wholly-owned subsidiary MSM Prai Bhd, will entail supplying the ingredient to Coca-Cola Bottlers (Malaysia) Sdn Bhd.
Three-year strategic blueprint bolsters MSM s optimism thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
MSM Malaysia s Penang subsidiary resumes operations after shutdown due to Covid-19 cases msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.