Page 115 - MSM_AIR2021

SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 113

Operational Performance Strategic Partnership and Expansion Plans

MSM provides operational parameters such as yield, utilisation MSM has to consider the strategic fit of any potential
rate and production volumes for FY2021. These parameters partners with the Group’s aspirations such as to consider the
have been reviewed and shared with analysts during the strategic Johor refinery turnaround and improvement plans,
quarterly result announcements. including growing its inherent export footprint for long-term
sustainability whereby MSM is already serving Vietnam,
Production volumes in FY2021 were affected following China, South Korea, Singapore and other countries in the
disruptions due to planned shutdown for repairs and region.
maintenance works in MSM Prai, and boiler issues in MSM
Johor. Should there be interest from any potential party pertaining
to MSM Johor, it shall be evaluated with prerequisite of an
offtake guarantee based on specific destination market(s)
Financial Performance towards reinforcing business sustainability.

MSM disclosed its financial quarterly results with detailed ANALYST COVERAGE
explanations on the performance of the Group and its
subsidiaries. As the largest sugar producer in Malaysia listed on the
Main Market of Bursa Malaysia, MSM garnered a fair
In addition, the Group has recognised a positive result in share of coverage and attention from the investment
FY2021 despite the COVID-19 pandemic dragged by the community. A total of four analysts and research houses
prolonged Movement Control Order (MCO).
had actively covered MSM in FY2021.
Navigating through the social distancing requirements,
MSM had leveraged on virtual meetings and applications
for 2021 Annual General Meeting (AGM) and Extraordinary
General Meeting (EGM). Nonetheless, MSM frequently SHARE PRICE MOVEMENT
conducted virtual engagements with analysts, shareholders
and interested investors.