Operational Performance MSM provides operational parameters such as yield, utilisation rate and production volumes for FY2021. These parameters have been reviewed and shared with analysts during the quarterly result announcements. Production volumes in FY2021 were affected following disruptions due to planned shutdown for repairs and maintenance works in MSM Prai, and boiler issues in MSM Johor. Financial Performance MSM disclosed its financial quarterly results with detailed explanations on the performance of the Group and its subsidiaries. In addition, the Group has recognised a positive result in FY2021 despite the COVID-19 pandemic dragged by the prolonged Movement Control Order (MCO). 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 conducted virtual engagements with analysts, shareholders and interested investors. Strategic Partnership and Expansion Plans MSM has to consider the strategic fit of any potential partners with the Group’s aspirations such as to consider the strategic Johor refinery turnaround and improvement plans, including growing its inherent export footprint for long-term sustainability whereby MSM is already serving Vietnam, China, South Korea, Singapore and other countries in the region. 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) towards reinforcing business sustainability. ANALYST COVERAGE As the largest sugar producer in Malaysia listed on the Main Market of Bursa Malaysia, MSM garnered a fair share of coverage and attention from the investment community. A total of four analysts and research houses had actively covered MSM in FY2021. SHARE PRICE MOVEMENT SUSTAINABILITY JOURNEY HOWWE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 113
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