On Dec 8, Felda announced that it was planning to launch the takeover offer if it succeeded in acquiring a 6.1% stake held by Retirement Fund Inc (KWAP) and a 7.78% interest held by Urusharta Jamaah Sdn Bhd for RM658 million cash.

The acquisitions would raise Felda's stake to 50.49%, thus triggering the requirement for the agency to extend the unconditional mandatory takeover offer.

The acquisitions would raise Felda's stake to 50.49%!!! Unless minority can beat 50.50% , better keep quite and accept the take over offer !

SUGAR Rush due to the take over news of FGV!!!

Dont forget little sister MSM sugar also will move up today

Felda to take FGV private following unconditional takeover offer
Ahmad Naqib Idris
theedgemarkets.com

December 22, 2020 21:03 pm +08

Last time 2014 Encorp takeover privatisation by Felda ...Encorp share price shoot up .

Felda to take FGV private following unconditional takeover offer
Ahmad Naqib Idris
/
theedgemarkets.com

December 22, 2020 21:03 pm +08

The Star

U.S. agricultural futures rise
By XU JING
WORLD
Wednesday, 23 Dec 20205:03 AM MYT
CHICAGO, Dec. 22 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures rose across the board on Tuesday, led by wheat.

The most active corn contract for March delivery rose 3.5 cents, or 0.8 percent, to settle at 4.435 dollars per bushel. March wheat climbed 5.75 cents, or 0.94 percent, to settle at 6.17 dollars per bushel. March soybean gained 2.5 cents, or 0.2 percent, to close at 12.5 dollars per bushel.


Soybean futures climbed to new highs as the United States has sold 90 percent of the annual U.S. soybean export forecast. Soybean futures can hardly go down amid rumors that China is seeking new crop U.S. soybeans, Chicago-based research company AgResource noted.

AgResource expects bulls will come back buying after the Christmas holiday, as traders want to be long heading into the Jan. 12 U.S. Department of Agriculture (USDA) report.

China soybean imports to date suggest a 102 to 104 million metric ton all origin import pace for 2020-2021. AgResource forecasts that China could take 107 to 109 million metric tons of all origin soybeans in 2021-2022, a 5 to 7 million metric ton increase from the current crop year.

Weather forecast maintains a classic La Nina pattern for South America and worries about the return of dryness for Northern Brazil in January remain.

AgResource looks for better than expected U.S. export sales early Wednesday, holding any corrections should be modest as this is demand rationing rally.

Klau Dow kuat naik malam ini ....KLCI melambung tinggi besok

really ah? March 20 2020 oledi past lar...pls keep on holding cash

Ikan, Ayam , Sotong Goreng tambah tepung goreng!!!

TQ Mflour ....can eat many roti canai now ...waiting for my murtabak soon

Everyday makan gula... everyone needs sugar doses daily either more or less ...buy now and hold

SUGAR rush ...rebound

U cut loss I buy from you ...later dun regret ...sharks pushing up by end of day to kill shortists

Hahaha cheap cheap now ...ini bukan tipu2 ya...

Ignore It ...Soon it will be deleted by admin

Condom004 Maybe after Steady Punpipi sold...Bstead will up

..fulamak ..you are dead wrong!

0.625 ....fulamak

Thanks for the info DK...you are the BEST!

0.68 nice

Relax Big TaukehS collecting ...wont drop much one..steady pun pipi

Irrational Desperado Sellers on long leave ...buy with confident !

Chart looks good

0.67 still way below its peers lah...downturn limited ...even shortists won't be interested to take the risks of depressing this Bull!

https://simplywall.st/stocks/my/capital-goods/klse-jaks/jaks-resources-berhad-shares/news/at-rm067-is-jaks-resources-berhad-klsejaks-worth-looking-at

MEGA BIG SHORTS on GLOVES counter next year !!! That I can assured will happen before that panic selling next week on All Gloves Counters...good luck to those still holding

Careful not to get conned by SourGrapes and Losers ...so obvious you shld know who i m referring in this forum ...spreading fake news and lies ... hoping to buy low at the expense newbies creating panic selling .... GTFO and go back to your cave...not steady at all

http://www.jaks.com.my/investors.php

Info are 100% legit for newbies ...@635789 the answers u r looking for

As at August this year, about 95.5 per cent of the overall construction work has been
completed.
Ang said Jaks Resources had the option to subscribe for an additional 10 per cent stake
in Jaks Pacific and was currently working on exercising the option.
Hai Duong consists of two units of power plant, each capable of delivering an output of
600MW. Both units are expected to be operational by next year.
"The first unit of 600MW is on track and within the contractual commercial operation date
(COD) which is in November 2020. This unit is currently undergoing testing and
commissioning phase.
"Similarly, the second unit is on track and within the contractual COD which is scheduled
in May 2021," said Ang.
He said Jaks has outstanding order book of RM413.8 million, of which RM267.6 million is
derived from local construction works and RM146.2 million engineering, procurement and
construction (EPC) contracts in Vietnam.
"These order book will contribute positively to our second-half of 2020 results. These
contracts will run up to 2022 which will provide earnings visibility for the next two years,"
he said

The longer the wait the share price will go higher ...energy play next year !

Buy dont Fear ....Fear dun Buy ...better put in FD folks !

JAKS: Vietnam thermal power plant’s first unit up and running
SUNBIZ /02 DEC 2020 / 23:25 H.

JAKS: Vietnam thermal power plant’s first unit up and running

A view of JAKS Hai Duong Power Co Ltd’s power plant. It comprises two 600MW coal-fired thermal units. – JAKS Resources website pix
PETALING JAYA: JAKS Resources Bhd has received confirmation from Vietnamese authorities that the first unit of its build-operate-transfer (BOT) thermal power plant in Hai Duong province commenced operations on Nov 24.

The second unit is scheduled for completion in the second quarter of 2021.

JAKS Resources CEO Andy Ang Lam Poah said the completion of the whole power plant t is expected to generate revenue annually over the next 25 years.

“This augurs well for JAKS as we can now reap in the benefits of the recurring stable income in the long run, starting with the first unit achieving its commercial operational status. Going forward, in light of the region’s huge appetite for energy, we are absolute that our renewable energy prospects will be very bright,” he said.

The power plant comprises two 600MW coal-fired thermal units with a project cost of US$1.87 billion. JAKS initially obtained the concession and subsequently formed a joint venture with China Power Engineering Consulting Group Co Ltd (CPECC) to build and operate the power plant.

JAKS holds a 30% equity interest in this joint venture with CPECC holding the remainder.

Under the power purchase agreeement, the joint-venture company, namely JAKS Hai Duong Power Co Ltd, will be guaranteed with fixed capacity payments by the Vietnamese government and will be backed by energy payment to cover variable costs, including fuel and variable operating costs, and therefore contributing to a sustainable income contribution during the 25-year tenure.

The recurring income from JAKS Hai Duong Power Co, which is readily convertible into US dollars, bodes well for JAKS as it helps to hedge its earnings against foreign currencies’ fluctuations when the group widens its operational footprint in Southeast Asia, where potential income will be based on different currencies.

Ang said the group will be on the lookout for opportunities in renewable energy-related projects in Southeast Asia and will focus on expanding the power division, particularly solar and hydropower projects, in Vietnam and Malaysia.

Depends how long can you HOLD ...dont give in to the Sharks ...be warn

Minyak Naik 52 BHP untung woooiii

Energy play next week Brent Oil 52 now

surprisingly u bought HIAP TEK at 0.51, normally i see your comment always ask ppl not to chase high


khatulistiwa1234 I buy at 0.51 , 200 LOT .....it go south

I admire your view , i putting the NICE GRAVE PLACE for you , you reserve it in the end game .

Buying and Selling looks like idle ...before lunch break

Desperado Seller taking a break ....0.67 easily broken

Maybe not..it looks like its gonna boom town Charlie soon ...Buying power persists

Stale bull and weak holders pls sell fast so that the price can move up faster

Never for a sec I doubted this article ! Next year QR will be a boom...

Jaks like a bottle of super premium red wine ...buy and keep .

Jaks shares price boom town Charlie !

Jaks share price will be boom town Charlie

Shares cannot RUSH or guarantee makes money like a bottle of wine needs to grace with time....even if drop to 0.01 its still my decision and I can live with it ....can you ? If not better dont trade in open water with the sharks . Put in FD would be a wise idea if you are not a Risks taker easily agitated whenever drop a few bids ...enuff said .

Sometimes its better not to do anything ...let the market forces decide while enjoying the show with a bottle of champagne....cheers !

Khatu my friend save that for yourself or those who need it ...I m still young enjoying my life not my time yet

what to be afraid Khatu? Shares trades got up and down ....sell if u need to, hold if you need to and buy if you need to...at the end of the day dont look back and regret

Sellers are losing steam .....even now

The longer the wait ....results buy even higher...I think anything is possible..only thing not possible is to time the market

Haha many sifus end up chasing high