The longer it takes, the more pain it gives to shareholders who are waiting, especially in this weak market. KLK has all time to wait or else they may sue LTAT for breach and remedy. Let's see how this game plays out. LTAT under pressure from the political side, but KLK will just keep extending the dateline. Unless KLK throw in the towel(give up), the deal will be aborted. If LTAT abort must pay penalty. Its a waiting game now.

Building very strong base now. Lots of weak holders getting of at 55 to 58. Next resistance is all the way to 63. Once break 63 new level not much selling pressure. Strong support at 55 and 52.

Once break 1.30.. can expect 1.45 to 1.56.

Expect mild support at 1.15 and strong support at 1.09. Next resistance at 1.18 to 1.20 and later 1.30. Very safe bet, the best Q results to come in Q3 2023. Mgmt has mentioned that business is booming since 2H 2022. DSH2 to be major catalyst.

So with the pref share proposal, investors can invest in ordinary FGV shares like all other plantation companies and not tied up with the LLA assets.

The other balance land (no dev value) of about 80K ha is not under the LLA. So the Pref share only take the profit of LLA and some downstream bz whilst the ordinary share take profit of the other asset including MSM and the others.

The recent Pref Share proposal, will give a better split of the assets. Not all assets/land of FGV is under the land lease agreement. Only the 350K ha under LLA ie the original IPO LAND

You are right, #rohank71. You can also read pages 242 to 246 of the IPO Prospectus fo4 more details. Thanks for the heads up, rohan. It's interesting how the plantation land value is not given to shareholders of FGV but only earnings from the bz. It's like U a hospital. The hospital rents a purpose build building and derives the income but doesn't own the building itself. So we buy the hospital for the business or the building. Unlike IOI, KLK, we buy both the land and bz, but FGV we only buy the bz, and land is not for shareholders. Early termination shareholders get a compensation which is nowhere close to the land values.

exciting times for Perodua being the largest car producer and UMW being the largest high end part manufacturer.

UMW may tie up to produce EV parts? Tesla has said no local restrictions/ Ali baba if they open plant in Malaysia. Closest to full fill is the parts manufacturing.

the sell down of Feldas 3% block in FGV will happen after the bonus issue when Felda will do a road show and book building... anyway its only a 100M shares to be sold to meet the revised guidelines for public spread for large companies.

hi messi, there will not be anymore privatisation of FGV with this Pref Share scheme. Felda will end up with the 82% of the Pref Shares and will be willing to sell down their FGV shares via a placement exercise.

the corp exercise by FGV ie Pref Share actuallys give all CPO upside to FGV shareholders via the Pref Shares vs the mgmt using the cash for their unprofitable ventures.

is it correct to compare land values when the usage is different. pls share your thoughts. tq

Hi Calvintaneng, whats ur view on FGVs land is actually owned by Felda and has only one use ie plantation as the LLA is locked for 99 yrs.

this company is now controlled by QLC and no more LKS. management given to QLC and team. hence the special payout. see if QLC does something good to help us.

the board can manage the other companies within FGV but the profit from golden goose of FGV goes to shareholders.

interesting proposal by FGV. in short passing the golden goose from Board to shareholders of the company.

Looking at price trend, good chances of a deal being announced soon. i think the winning bid will be announced this Friday or early next week.

buying gaining momentum...have to break 1.18...watch the stock

results were consistant. epf have stopped selling and price will shoot up soon.

may be with options to buynmore BP shares in 6 to 9 mths from Bstd itself and gain control of BP

looks like YTL is making an offer to buy LTATs block of 10%... to gain entry into BP and use the land bank for renewable energy.

a buy for trade this week. enjoy trading.

technically should hit 25 sen soon. good resistance at 17 and 22... above 27 will be back to 32. watch these technical points.

i agree with the comments above but RHB pays out DV with DRP. so it can be a challenge cor OSK to commit the same DV to OSK holders and maintain their stake in RHB

mbsb expected to b no.1 islamic bank soon overtaking bimb if they do well.

mbsb q1 results will be most watched. if strong will hit 80 sen soon. problem is they have unconsitanent results, unlike most banks.

with better results end of may, kpj will be rerated higher by most analyst. expect a 10 to 15% rerating higher.

alaqar is great for passive investors. steady DV but growth capped. still a buy for long term passive holders.

Q1 is always supossed to b lower bz in healthcare. dont b surprised this time is different.

@observatory, Litrak proposed to sell their Assets at say 7% WACC. Thats the value of the asset (based on the concession agmt). ALR buys and proposes (obviously with Litraks support) to waive Govt Subsidy (and no more toll hike) and in return gets tax waivers ect. We all know Govt saves abt 4B in waiver of Subsidy whilst forgoing Tax hence geting ALR to buy at 5B.
If ALR sticked to the concession agmt terms and raise bonds at below 7% they make money (provided traffic forecast and actual is same). Since ALR has changed the terms of concession agmt, its deemed a new proposal and hence has diff factors to consider. Thats why MOW gave them up to 2040-2044 as buffer to ensure the fund raising is successful. This proposal is a BIG win for the GOM to avoid paying the subsidy. You may see all approvals has been obtained from GOM even before Litrak shareholders. Its not normally the case in other deals. Lets not worry too much and hope shareholders do not vote against the proposals.

@observatory hope i have clarified ur concerns.

technically we shareholder, if we held on to the shares till expiry would have enjoyed this returns provided no hiccups. or more if traffic grows strongly.

WACC is the dicount rate used on the FCF of Litrak to arrive at the valuation for ALR to buy. ALR is expected to make 7.95% returns per annum if bought by own cash.

cost of debt is for Litrak specifically and not for ALR. ALR is buying at WACC of 7.95%. (see page 58) so provided borrowing cost below 7.95% and no reduced traffic ARL will pay down the loans earlier.

10Y MGS was 4.5% in April and now its 4.06%. hope this calrifies ALRs position.

csan, the bonds rates have peaked in April 2022 and has been on downtrend since. bond market has discounted future rate hikes.

Ya agreed any dividend paid will reduced final payout. But as shareholders if the deal is a done deal they rather payout extra cash now vs waiting to complete the sale. Litrak has excess cash vs loan repayment and other obligations, so should be able to payout now if they are confident the deal is a done deal, just logistics. if the normal 15 sen, business as usual until all is signed and sealed.

wait for Litrak Q4 (march 2022) results. if they pay higher dividend than 15 sen can say the ALR deal is a done deal.

the new facility in TTDI will enhance valuation by 15 to 20%... if all other things are equal.

looks like Q4 results will be good and potential privitization will be presemted to the board. whats more is opening of new 400 bed hospital in ttdi in april. see which is the catalist for the run up.

for those holding.. time to add more at 1.00.. u cant fight the downtrend but will surely recover as its a long term hold stock.

SM only enriches himself. its a fact and its all written in the wall ie relisting of malakof and even more interesting is he is taking mmc private cheaper than hiis injection and projected cashflows of ptp in 1999. shame to bursa.

MMC was a great play for all those who bought in last 3 to 4 years... sorry for the people who believed in SM and hoped he will deliver. when pnb can throw the towel on him it says alot... dont trust a crook.

cashflows were also good inspite of bad times. great opportunity to buy and lets hope it drops further.

strong support is at 1.00... which is 3 mth low. results was great esp during the pendemic times coupled with higher dividend declared. confidence of the board that bz is good.

well said @thinkcarefully. the esos sell down may bring price down and also due to down trend of market. last esos most exited at 1.10. its a good time to collect.

3.80 will be coming soon... technically but we also have results soon.. at 3.80 good support. see if it can break before results.

those who bought the call warrant would have made more esp the C29. kudos and thank SM.