Highlights
KLSE: FGV (5222)       FELDA GLOBAL VENTURES HOLDINGS BHD MAIN : Plantations
Last Price Today's Change   Day's Range   Trading Volume
1.08   -0.01 (0.92%)  1.08 - 1.10  3,398,900
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Recent Prices

Date Open Range Close Change Volume
28/10/2020 1.10 1.08 - 1.10 1.08 -0.01 (0.92%) 3,398,900
27/10/2020 1.07 1.06 - 1.10 1.09 +0.04 (3.81%) 5,021,500
26/10/2020 1.09 1.05 - 1.11 1.05 -0.03 (2.78%) 6,217,200
23/10/2020 1.10 1.07 - 1.10 1.08 -0.02 (1.82%) 4,219,700
22/10/2020 1.08 1.07 - 1.10 1.10 +0.02 (1.85%) 2,083,600
21/10/2020 1.10 1.08 - 1.11 1.08 -0.02 (1.82%) 3,901,900
20/10/2020 1.10 1.07 - 1.11 1.10 0.00 (0.00%) 6,077,900
19/10/2020 1.12 1.09 - 1.14 1.10 -0.01 (0.90%) 5,219,800
16/10/2020 1.10 1.10 - 1.15 1.11 +0.04 (3.74%) 17,896,100
15/10/2020 1.08 1.06 - 1.09 1.07 -0.01 (0.93%) 7,115,500
14/10/2020 1.06 1.06 - 1.11 1.08 +0.03 (2.86%) 17,620,000
13/10/2020 1.09 1.05 - 1.10 1.05 -0.05 (4.55%) 13,964,000
12/10/2020 1.07 1.06 - 1.12 1.10 +0.03 (2.80%) 11,263,200
09/10/2020 1.06 1.05 - 1.08 1.07 +0.01 (0.94%) 2,554,600
08/10/2020 1.05 1.04 - 1.07 1.06 +0.03 (2.91%) 8,465,800
07/10/2020 1.02 1.02 - 1.05 1.03 +0.02 (1.98%) 12,117,800
06/10/2020 1.02 1.01 - 1.04 1.01 -0.01 (0.98%) 5,485,400
05/10/2020 1.03 1.01 - 1.05 1.02 -0.01 (0.97%) 8,294,200
02/10/2020 1.06 1.02 - 1.09 1.03 -0.02 (1.90%) 12,652,400
01/10/2020 1.13 1.04 - 1.13 1.05 -0.10 (8.70%) 47,081,700
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  29 people like this.
 
5354_ CGS-CIMB says 2020 palm oil price likely to be above projected RM2,500
https://www.theedgemarkets.com/article/cgscimb-says-2020-palm-oil-price-likely-be-above-projected-rm2500
27/10/2020 10:10 PM
ming Rubber price also up scary
27/10/2020 11:05 PM
Mabel @Shawalrich87 @mabel you also keen in plantation stock like fgv, not limited to glove counter.. so what is implication of terminate of land lease to FGV's bottom line..
27/10/2020 9:09 PM

Shawalrich87,

I think this has been discussed earlier. Please scroll up what john has shared earlier..Bottom line, FGV will enjoy the following:

1. Compensation which can go as high as RM6bil to RM7 bil (or RM1.65 to RM1.90 per share)
2. Land injection bigger that IOI Corp if FGV accept TS SM offer..
3. Potential downstream activities that can help FGV.

@winmal Can Felda afford to pay compensation cancellation of Land lease to FGV.

Yes 5354 is spot on..._ Ask question can govt do(maintain power) without 54 Felda seats in GE15?

In addition, the government can back up Felda in the potential deal by providing transparency and disclosing details to the public as well as the smallholders on the fairness of the deal. Remember as pointed by dam82, half of FELDA settlers crop will still go to FGV ...

Lastly, get this upcoming budget approved! We need to get the economy starts moving, Plantation is definitely one of the sectors that will be contributing to the government coffers.

Meow..
27/10/2020 11:55 PM
Mabel Good stuffs 5354 !

Thanks for sharing...

Meow
27/10/2020 11:56 PM
Mabel @ming Rubber price also up scary
27/10/2020 11:05 PM

Nice and lovely ming!

Meow Meow Meow
27/10/2020 11:57 PM
strattegist steady
28/10/2020 10:26 AM
strattegist solid molid... meowwwwwwwwww
28/10/2020 10:27 AM
Shawalrich87 @meow thanks
28/10/2020 11:26 AM
BN_better Najib got talk abt FGV how abt Muhyiddin? Why not Najib PM back?
28/10/2020 11:36 AM
BN_better PRU14 Felda Settlers salah undikah?
28/10/2020 11:39 AM
BN_better Dato' Wan Kamaruzaman Wan Ahmad better KWAP CEO who appoint?
28/10/2020 11:44 AM
BN_better KWAP CEO appointed must also push FGV not only take profit or prevent FGV drop worse.
28/10/2020 11:46 AM
BN_better 2021 Budget RM 2 trillion can make every1 happy?
28/10/2020 11:57 AM
strattegist meowwwwwwwww
28/10/2020 12:00 PM
icecool @BN_better "2021 Budget RM 2 trillion can make every1 happy?" this will make everyone angry. PN should give more stimulus money to people for budget 2021 then everyone will be happy and remember PN hahaha
28/10/2020 3:34 PM
strattegist sustain
28/10/2020 4:09 PM
strattegist meowwwwwwww
28/10/2020 6:06 PM
Shawalrich87 Patient is the key and trading plan and chart knowledge
28/10/2020 6:14 PM
ming https://www.klsescreener.com/v2/news/view/746097

https://www.nst.com.my/business/2020/10/635295/felda-taking-back-land-fgv-not-fair-deal-economists

4.3bil cash then can venture to glove industry..lol
28/10/2020 6:46 PM
Shawalrich87 Yes , plan to terminate land lease go through and agree by the cabinet . No more financial burden that drag FGV's bottom line .. soon fgv will register stronger profit on back the strong price of commodity.
28/10/2020 7:01 PM
dam82 cash cow lor FGV now ...4billons can do wonder
28/10/2020 7:07 PM
strattegist Mambang sukaaaaaa
28/10/2020 8:20 PM
dam82 4 billion at this time with many plantation struggling FGV can buy nice asset ..
28/10/2020 8:22 PM
DickyMe "Felda suffers RM10.6b debt, expected to recover in 2023"

LOL! Expected to recover 2023!!

Nujum Pak Belalang.

The fact is, loss through swindling...
28/10/2020 9:29 PM
DickyMe Can never recover if no change in kleptocracy, greed, pilferage and the list goes on.
28/10/2020 9:31 PM
mf Dow Jones 26,934.529 -528.66 1.92%
28/10/2020 9:31 PM
ming https://www.bharian.com.my/berita/nasional/2020/10/747351/sukuk-rm99-bilion-untuk-laksana-pelan-pemulihan-felda

Suku 9.9 b, prepare money liao
28/10/2020 10:13 PM
Jeffreyteck Yummy, another round of festival with 9.9 b for those who dare and with power.
28/10/2020 11:15 PM
ming But cpo price so nice now.. hmmm
28/10/2020 11:22 PM
Mabel Datuk Sri Mustapa Mohamed, Minister in Prime Minister Department (Economy), announced that the Cabinet has agreed to the recommendation for the termination of Felda’s LLA with FGV.

It is understood that in the event the LLA is terminated, FGV’s compensation would be calculated based on the average profit per mature hectare for the entire leased land (based on its latest audited financial statements at the point of notice) multiplied by the loss of FGV’s future profits.

FGV will be compensated for 10 years in future profits if the LLA is terminated less than eight years from the last replanting, and five years of future profits if the agreement is terminated more than eight years from the land’s last replanting.

Felda is also obligated to take over the employment of relevant plantation staff with the same employment terms or better than what was offered previously if the LLA is terminated.

Coincidently, about two weeks ago, FGV received an expression of interest from Perspective Land (M) Sdn Bhd (PLSB), which is wholly owned by Tan Sri Syed Mokhtar Albukhary’s privately-held Restu Jernih Sdn Bhd,

According to FGV's filing with the stock exchange, PLSB intends to participate in FGV via an injection of plantation assets in exchange for shares. PLSB owns the Tradewinds group of companies, which include Tradewinds Plantation Bhd and Central Sugars Refinery Sdn Bhd, which are in the same businesses FGV is involved in.

The timing seems opportune for the tycoon, as crude palm oil prices have recovered from their trough in May. The commodity's three-month futures price has climbed from a low of RM1,962 in May to above RM2,800-level.

https://www.theedgemarkets.com/article/fgv-transition-after-termination-land-lease-agreement-felda

Meow
29/10/2020 12:22 AM
Mabel https://www.bharian.com.my/berita/nasional/2020/10/747351/sukuk-rm99-bilion-untuk-laksana-pelan-pemulihan-felda

This means..

1. Felda now has the funding to pay FGV
2. Compensation which can go as high as RM4.3 Bil to RM7 bil (or RM1.1 to RM1.90 per share)
3. Land injection by PLSB which will increase FGV’s landbank size to 212,170 hectares.
4. Potential downstream activities that can help FGV.

Win Win situation for both parties

No more financial burden that drag FGV's bottom line. Soon FGV will register stronger profit on back the strong price of commodity which is above RM 2800 level.

Meow
29/10/2020 12:38 AM
ming Why not felda jz takeover fgv..
29/10/2020 2:03 AM
Mabel @ming Why not felda jz takeover fgv..
29/10/2020 2:03 AM

FELDA is under MOF not really a business entity while FGV is a business entity. Felda is under PM Office. Now under Datuk Sri Mustapa Mohamed, Minister in Prime Minister Department (Economy). That's why he is now making the statements

It's the more or less about the same reason why Air Asia cannot take over or merge with AAX since it involve two legal entity and licence setup.

Meow
29/10/2020 7:06 AM
strattegist public holiday...relax
29/10/2020 8:43 AM
Mabel @strattegist public holiday...relax
29/10/2020 8:43 AM

Relax?

I'm actually has started counting my money oledi ...

This time thinking whether to laugh all the way to my Maybank, my Public Bank or my CMIB...

Hihihi....

Meow
29/10/2020 9:47 AM
Flyinghorse https://www.thestar.com.my/business/business-news/2020/10/28/fgv-triang-biogas-plant-to-generate-rm5m-revenue-a-year
29/10/2020 9:55 AM
jk20598 It is no coincidence that Syed Mokhtar's move to take on fgv came at the perfect timing When the Government cancels the Felda LLA.He probably is the suitor arranged by the Government to fill up the plantation vacuum created by the LLA cancellation.His co. Tradewind Bhd used to make 480m year 2010,share price 8 to 10.He is an expert in fgv trade n fgv will really fly from now on.
29/10/2020 11:18 AM
Shawalrich87 I will hold my share in fgv for long term, waiting it to appreciate..
29/10/2020 11:52 AM
Shawalrich87 Hold more than 5 years
29/10/2020 11:52 AM
Mabel Me too..

Meow Meow Meow
29/10/2020 12:14 PM
petnch2020 Just some question: If Syed Mokhtar inject his asset and he will get FGV shares in return. If the amount exceeds the 33% he needs to the a General Offer right to the minorities?

I know the long term story of FGV after LLA is actually bright (Cash + Syed Mokhtar = profitable company), but just want to know if there is any short term play here for us. ;).... anyone in corporate finance can advice?
29/10/2020 1:23 PM
Mabel @petnch2020 Just some question: If Syed Mokhtar inject his asset and he will get FGV shares in return. If the amount exceeds the 33% he needs to the a General Offer right to the minorities?

29/10/2020 1:23 PM

Meow petnch2020 !

If he gets 33% then, Mabel thinks he must make mandatory general offer. Unless SC exempts.

International Bar Association ( Msia), the Trigger Points are

A bidder triggers the obligation to extend a mandatory offer to acquire all the shares of the target company which he or persons acting in concert with him do not, already own if:

 the bidder, together with persons acting in concert with him, acquires more than 33% of a company; or

 the bidder, together with persons acting in concert with him, holds between 33% and 50% of the voting shares or voting rights, and acquires more than 2% of the voting shares or voting rights in any period of 6 months.

There are two other instances where a mandatory offer is required to be made: acquisition of upstream company and acquisition of between 20% and up to 33%.

Here are the Shareholdings

Name Equities %
Government of Malaysia 775,029,800 21.2%
Felda Asset Holdings Co. Sdn. Bhd. 452,921,192 12.4%
Urusharta Jamaah Sdn. Bhd. 292,919,700 8.03%
Kumpulan Wang Persaraan 220,959,300 6.06%
Koperasi Permodalan Felda Malaysia Bhd. 185,340,508 5.08%
State of Pahang 182,407,575 5.00%
State of Sabah 148,545,055 4.07%
Employees Provident Fund 123,427,700 3.38%
The Vanguard Group, Inc. 61,089,307 1.67%
Lembaga Tabung Angkatan Tentera 45,593,900 1.25%

Do you think Syed Mokhtar has more than 33%?

Meow
29/10/2020 3:14 PM
ming https://www.klsescreener.com/v2/news/view/746429

Paying 3.5b to 4.3b.. almost can buy over whole fgv liao..

Felda is crazy now
29/10/2020 3:23 PM
ming Or mayb they purposely wan cash out for election fund?
29/10/2020 3:23 PM
Flyinghorse https://www.theedgemarkets.com/article/fgv-expects-compensation-lla-termination-be-between-rm35b-and-rm43b%C2%A0
29/10/2020 3:26 PM
Mabel Still very good compensation..

Imagine this is happening during pandemic time.

Meow Meow Meow
29/10/2020 4:32 PM
Mabel Thank you Flyinghorse.

I guess all of us will be flying soon..

Meow
29/10/2020 4:33 PM
dam82 its as good as FGV Getting money from IPO imagine what they can do with 4b Minimum .... cash rich company lor ...
29/10/2020 7:31 PM
8888_ FGV expects compensation from LLA termination to be between RM3.5b and RM4.3b
https://www.theedgemarkets.com/article/fgv-expects-compensation-lla-termination-be-between-rm35b-and-rm43b%C2%A0
29/10/2020 8:25 PM
yong1985cm RM3.5bil.equal to extra RM1 extra eps and RM1 extra NTA per share.. correct?
29/10/2020 9:05 PM


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