MSM Malaysia Holdings Berhad Annual Report 2020

ANALYST COVERAGE As the largest sugar producer in Malaysia and the only sugar company listed on Bursa Malaysia, as at end of 2020, MSM garnered a fair share of coverage by the investment community. A total of 12 analysts and research houses have core coverage on the stock in 2020. Summary of Investor Discussion In the various engagement sessions with the investment community, key topics of interest included: • Raw sugar price movements • Foreign exchange rates • Domestic and export sales • Operational expenditure • Growth opportunity and outlook • Earnings and dividend prospects • Government regulation and sugar import permits (AP) • Debt structure • Operational efficiencies in new refinery • Impairments and accounting impact SHARE PRICE MOVEMENT RM1.00 RM0.90 RM0.80 RM0.70 RM0.60 RM0.50 RM0.40 RM0.30 RM0.20 RM0.10 RM0.00 200,000 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Share price and volume movement in 2020 Jan 20 Feb 20 Mar 20 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Sep 20 Oct 20 Nov 20 Dec 20 1Q20 2Q20 3Q20 4Q20 High : RM0.985 High : RM0.735 High : RM0.62 High : RM0.595 Low : RM0.23 Low : RM0.33 Low : RM0.47 Low : RM0.455 Volume : 85 million Volume : 1,506 million Volume : 200 million Volume : 101 million Share Price Volume MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 51 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING