RingGovt fails to give real reasons for FGVH price drop October 28, 2014 Tony Pua says the Finance Ministry is 'less than honest' in its reply to his question. KUALA LUMPUR: DAP publicity chief Tony Pua today questioned the Finance Ministry’s honesty in explaining why the share price of Felda Global Ventures Holdings Bhd (FGVH) had dropped 40% in just two years. He noted that the price had fallen from the initial offer of RM5.39 on June 28, 2012 to only RM3.67 last Sept 1 although KLCI had appreciated from 1,599 to 1,855 points over the same period. Referring to the Finance Ministry’s explanation that the decline was due to the drop in the global price of crude palm oil from $930 to $675, Pua said this was a “less than honest” answer to a question he posed in Parliament.
RingHello,respected Tony Pua i appreciate you as a vocal person, pls lets get to d bottom of d problem,if u r aware of this forum,pls rewind n read what inputs i hv given here.I am talking of comparison between "apple to apple", we r having living examples like KLK/IOI/TSH/UP whose yield is more then 23mt of fruit/ha/annum whereas Fgv only 20,what happened to d difference n pls calculate d loss against d hectarage, shocking shocking.I was in d industry for more then 40yrs.To get d high yield they must have committed replanting programme n secondly managers must spend a minimum of 7hrs walking in d field.I know of one compony if d manager is a diabetic he is given 3mths notice becoz he is unfit to walk in d field.When i was working wt d whiteman, minimum paper work n maximum field supervision.Nowadays plenty of unproductive paper work n minimum supervision.Very simple let "F" managed by one of d top companies stated above, they hv d expertise/commitment.
RingIf fgv price drop becoz of palm oil price drop then why UP/KLK/TSH/Genp, price so high sometimes as high as RM30 by UP who is paying 100% dividend..????
RingFelda Global Ventures (FGV) Holdings could head in the same direction as Proton and ailing Malaysia Airlines if the government does not take action to turn around the company's poor performance over the past two years, a MP warned.....@Rajoo...I hv already highlighted in this forum all plantation companies shd strive to achieve UP standard otherwise "doomsday" d Govt shd view d situation seriously.Don't forget during d asian crisis klci was protected by palm oil becoz then was in d region of rm3000...its Ok d price drops is somewhat seasonal but if their yield is high n OER is high like UP their share price is 25-30.UP managers don't hv two horns so what is happening...no committment.
Ring....also dont forget market capitalisation of palm oil stocks makes quite a high % of Klci which is affecting d nation.A lot of rubbish defensive etc talk going on in Malasiakini instead more productive action shd be taken to improve d economy of d nation.
RingKUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives rallied for the second consecutive day, influenced by positive comments from industry expert Thomas Mielke.
Phillip Futures Sdn Bhd derivative product specialist David Ng said Mielke predicted CPO prices would hover between RM2,300 a tonne and RM2,500 a tonne in the first quarter of 2015.