Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Profitability improved despite lower revenue, driven by significantly reduced raw material costs, which lifted Gross Profit Margin from 13.35% to 16.63%. Revenue from Sourcing & Distribution of Plant-Based Products fell 9.76% YoY to RM27.03M, with sales volume down 2.28%, while Food Additives & Fried Shallots grew strongly, with revenue up 35.5% to RM5.55M and sales volume increasing 42.07% on strong demand. Malaysia remains the core market, contributing 98.79% of total revenue, while overseas sales accounted for only 1.21%
Price can consolidate first, fundamentals don’t need to move every day. Agricore already showing a much better earnings trend, so rather give it time than panic over a period of sideways movement
Halal certification really open up big door for them to scale across all the Muslim majority countries in the region, once they secure the supply chain and distribution network, the growth potential for AGRICORE is quite solid
Agricore supplies their food ingredients to a few international markets like Vietnam and Brunei already & looking to grow further into Southeast Asia so expect more export revenue coming in soon
Agricore supplies and distributes everyday food ingredients like starch, beans, pulses, grains, and food additives. These products are sold under its own brands, including POKOK AGRICORE, SunRise, CAP POKOK, and BAPAS
Their unique supply chain integration gives them a solid edge to squeeze out better margins while the competitors are still struggling with rising input costs. Once the market wakes up to their efficiency gains, a serious re-rating potential that justifies a premium over the current peer average
