Page 114 - MSM_AIR2021

112 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

INVESTOR RELATIONS

WITH A DIFFERENCE

Location Parties Purpose

Investor Relations Calendar 2021 MSM places a high priority on proper governance and
integrity at all levels of its operations, with Anti-Bribery and
22 February Corrupt Practices procedures in place, establishing enhanced
MSM 4Q 2021 Analyst Briefing transparency and disclosure measures.
February 2021
Virtual
Analyst/Fund Managers Average Selling Price
Financial Results Briefing Refined sugar is a controlled-price item with a government-

fixed ceiling price for the domestic market at RM2.85/kg.
This is among the lowest sugar retail ceiling price in the world.

MSM keeps the government informed on the global sugar
All announcements, published information and presentation of market movement. The increase of sugar and forex increases
the company is available at our Investor Relations section of production costs significantly, revisions on ceiling price set by
our website at the government will be brought up and discussed.

www.msmsugar.com In early 2022, the gazetted wholesale ceiling price is
RM2.69/kg. MSM has increased its Average Selling Price (ASP)
towards limit to realise a better margin.
BOOSTING INVESTOR CONFIDENCE THROUGH
ACTION & CHANGE
Non-Core Asset Disposal
The following are the various topics highlighted and presented
to our investors: Disposal of MSM Perlis to FGV Integrated Farming Holdings
Sdn Bhd (FGVIF) was completed on 29 September 2021 and
deconsolidated from MSM Group on 30 September 2021.
ESG and Sustainability
Proceeds of the disposal amounted to RM181.11 million,
From feedback received from stakeholders and investors, of which a portion is to be used to further pare down
MSM recognises the growing importance of sustainability borrowings.
and ESG in investors’ portfolio.
The Group has responded by identifying gaps in the current Price of Raw Sugar (NY11)
ESG and sustainability framework and initiatives towards
better ESG disclosures aligned to globally recognised NY11 increased in FY2021 in response to lower raw sugar
standards such as UN’s Sustainable Development Goals supply globally which was mainly due to suboptimal weather
(SDGs) and Global Reporting Initiative (GRI), as well as the conditions.
Bursa’s FTSE4Good Index standards.
NY11 strongly correlated to Crude Oil prices which surged in
MSM is also looking into renewable energy such as solar and July 2021. Higher crude oil price incentivises sugar mills to
biomass in an effort to reduce carbon emission, as well as produce more ethanol than sugar.
improve waste management.
MSM manages its raw sugar hedging by purchasing managed
MSM greatly values its employees in the communities it lots and by avoiding long-term contracts.
serves by giving back to society through channels such
as the Prodigy programme aimed to help alleviate young
graduate unemployment, Skilling & Employment Opportunity
programmes and community outreach during the COVID-19
pandemic.