high sell n buy q..??

Felda chairman Tan Sri Shahrir Abdul Samad said the settlers have recovered more than their costs of investments in the shares of Felda Global Ventures Holdings Bhd (FGV) if the latest incentive pertaining to the loans taken for the purchase of the shares is taken into account.

Hence, he said, the share price performance of FGV should no longer be a concern to the settlers.

Read more at http://www.thestar.com.my/business/business-news/2017/07/31/settlers-have-recovered-costs/#FmTVqVZBfPMlZuz6.99

may be right time to buy for the beginer

GLC stocks will be under sell pressure from FM and FF with GE14 coming nearer..They always sell when there is uncertainity..and buy back when BN win and back to power.. The situation is different compare to 15 years ago when every election BN surely won with 2/3 majority. Most probably GLC and election/political related stocks will mute or drop as the GE14 getting nearer..

roller coaster stock. Goreng2 n eat.. then vomit

Down trend..felda settlers well taken care by ajib

Better take a holiday for a few days and stay specialist hospital for treatment n caunseling. Seem like a few of our members critically need the specialist doctor now..

Just pure assumption..but EPF left FGV with a lost of more than 230 million and declared nothing to do with FGV anymore..

paktua..please support, your 300 million can neutralise Creed Asia 30 million

fortunately ..epf made professional business decision to save epf's members hard earn money from going to drain with FGV..

And dont forget fgv have to pay Flda RM250 million yearly plus 15% of fgv's profit...This is fgv's fix cost

today skip buy 4d...just sold iwc for some gain. Really better than casino..

EPF defends its move to exit troubled companies

by p. aruna






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image: http://www.thestar.com.my/~/media/online/2017/07/25/18/45/p4_bizd_mm_2607_p4c_mm_1.ashx/?w=620&h=413&crop=1&hash=413436C51B29221A45BB32B3EE07CBFA0D3163C1
Sharing insights: (from left) Moderator and CNBC Asia’s Sri Jegarajah together with Shahril Ridza, Wan Kamaruzaman, Abdul Rahman and Khazanah Nasional Bhd executive director and strategy head Ahmad Zulqarnain at the conference
Sharing insights: (from left) Moderator and CNBC Asia’s Sri Jegarajah together with Shahril Ridza, Wan Kamaruzaman, Abdul Rahman and Khazanah Nasional Bhd executive director and strategy head Ahmad Zulqarnain at the conference










KUALA LUMPUR: While institutional investors are often criticised for “taking the easy way out” when they exit troubled companies, it is sometimes wiser to leave when the investee company refuses to make changes, said the Employees Provident Fund (EPF).

Speaking at the Invest Malaysia 2017 conference, EPF CEO Datuk Shahril Ridza Ridzuan gave the example of its decision to exit Malaysia Airlines.

“For example, one of the first things we did when we came in was we dumped Malaysia Airlines as we believed it was going to go bankrupt.

“Of course, FGV (Felda Global Ventures Holdings Bhd) was another case – we thought it would be difficult for the company to turn around under its current leadership,” he said.










He said this in response to a question on whether institutional investors often “ran away” from troubled firms by divesting their stakes in public-listed companies (PLCs), instead of staying on and instituting changes in these companies.

The EPF had gradually sold its stake in FGV and declared early this year that it no longer has any interest in the company.

Asked if EPF would revisit FGV as an investment, Shahril said that “as we are not involved anymore, we don’t look at it.”

“We are a long-term investor but ultimately, we are a portfolio investor. Given the size of the EPF, and the fact that we hold stakes in so many companies, it is frankly a difficult and onerous task to spend so much management bandwith to try and change companies when they refuse to change,” he said.

Shahril added that it spent a lot of time communicating with its investee companies on issues of governance but in some cases, it took the view that “things are not going to change”.

“Academically, we talk about how institutional shareholders can put pressure and force some change but at some point, institutional investors have to decide to cut their losses and put their money to better use elsewhere.

“There is a limit to what an institutional shareholder can do if we don’t have direct control over the management,” he said.

Retirement Fund Inc (KWAP) chief executive officer Datuk Wan Kamaruzaman Wan Ahmad, who was also a panelist at the session, said the fund had often stayed on in troubled companies as it was “stuck” due to liquidity issues.

“It is not by choice but due to circumstances, for example, the latest is obviously FGV. Some have managed to divest their stakes and some have not been able to.

“Some thought it was at a low level and collected more shares and ended up in a bigger problem,” he said.

However, he said it had ultimately decided to stay on in the company as it felt that there was light at the end of the tunnel.

“It is a GLC and there is a lot of support from the government – they will not let it fail because it will affect a large group of stakeholders,” he said.

He added that as a portfolio investor, KWAP did not take any controlling interest in companies, keeping its stakes at a maximum of 20%.

“We do not get involved in the day-to-day running of the company and we do not have board directorships. It is much easier to stay focused this way,” he said.

Permodalan Nasional Bhd (PNB) president and group CEO Datuk Abdul Rahman Ahmad said the difficulty faced by institutional shareholders was whether it was able to effect change.

“I think Malaysia is a bit unique in this sense, because there are not that many companies here that are truly institutionalised – there is usually an owner.

“As an institutional investor, we have to make a judgement on whether we are able to influence the controlling shareholder or the management team chosen by this shareholder, to change,” he said.

Otherwise, he said, it was only fair for the institutional investor to exit.

Read more at http://www.thestar.com.my/business/business-news/2017/07/26/epf-defends-its-move-to-exit-troubled-companies/#pORFdeJPfJSHYpGC.99

why no more aggressive seller today??

even iwc better than casino but don't forget there is toto 4d draw today..

Hopefully will rebound sharply after sharemakers suspended..lol

Where got investor get hansom cash n goodies eventhough the company they invest in dire state..everything can with ajib.

good dead cat rebound.. make some money

those brave enough to gamble can buy..better than genting casino..lol

all walls collapsed..panic

now waiting to buy ..

as long as the rumours continue alive..this cycle will going on n on

botak lim sapu all the contra...when finish he buy back prop up like no tommrow...and start recycle3..

lol...roller coaster..tmrrow rebound

Najib should specify where his government found the money so that the Felda settlers do not fall victim to propaganda of the Barisan Nasional,” he said in a statement released last night.

The incentives that raised the red flag for Rafizi are as follows: 1) A cash incentive of RM5,000 to each settler, amounting to RM475 million; 2) Debt settlement amounting to RM128 million for settlers who took out Felda Global Ventures (FGV) equity loans; 3) Debt write-off totalling RM519 million, or up to RM5,000, for each settler that had taken part in Felda’s scheme to replant unproductive oil palms; and 4) A special fund of RM300 million to be set up for 2017 to 2021, to help with replanting operational debts of RM40,000 or more.

The entire package of the six incentives for the Felda settlers amounted to RM1.6 billion.

According to Rafizi, Felda had debts of RM10 billion with interest payments of at least RM400 million a year. He said this was based on the plantation agencies’ 2014 audit report.

“The truth is that Felda does not have enough money to give out. This year, it has also bought shares in a plantation company in Indonesia, but paid twice the going rate of RM2.2 billion,” he said.

Baru-baru ini Ahli Majlis Tertinggi UMNO, Datuk Dr Mohd Puad Zarkashi membuat kenyataan bahawa beliau percaya ada gerakan terancang mahu memastikan Presiden merangkap Ketua Pegawai Eksekutif (CEO) Kumpulan Felda Global Ventures Holdings Berhad (FGV), Datuk Zakaria Arshad, didapati bersalah dan kemudiannya akan dipecat.

Bahkan beliau menjelaskan lagi siasatan perlu dilakukan bagi menyiasat usaha pihak tertentu yang mahu menjadikan Zakaria sebagai kambing hitam. Tidaklah diketahui sama ada apa yang dinyatakan itu ada kebenarannya. Pandangan ini juga nampaknya turut dipersetujui Generasi kedua FELDA yang menyatakan ketidakyakinan mereka dengan kepemimpinan Tan Sri Dr Sulaiman Mahbob sebagai Pemangku Pengerusi FGV. Kumpulan ini juga bimbang Zakaria dijadikan sebagai kambing hitam.

Nampaknya isu ketidakpercayaan yang timbul ini menggambarkan seolah-olah segala keputusan yang dibuat Sulaiman masih lagi dipengaruhi 'orang lama' dan legasi yang ditinggalkan oleh Isa dilihat berterusan. Dalam hal ini, mereka juga merasakan segala masalah berpunca daripada ahli lembaga pengarah kemungkinan besar diletakkan di bahu Zakaria dan ini menjadikan beliau begitu senang dijadikan sebagai kambing hitam.

the hope of good news is still there...that why price still above 1.30. Just to be alert ...

I am waiting below 1.40..for quick money

Coming today??

Anak flda not stastified with what gomen gave them...they are thinking that they deserve more help n flda managment should be put in order. But ajib khow how to calm them down as flda was his father legacy. Jml ynus and Mat Over have thousands followers in flda...nothing to worry for ajib

Maybe2...we just can speculate. Big fund will lead the market..

Lol..agree . Most i3 fgv ivestors are chnese n will vote oppostition. Ajib not stupid to prop up fgv for them. Better give cash direct to loyal supporters kampung pepole.

Wait n c...if want to play roller coaster this week. So far so good in 2 weeks really making money..bought n sold 2x. Can try luck if down furter

Roller coaster..as long as the rumours alive..opportunity to make and loss fast money is always there.

those like to gamble can try luck now..1.48..1.49. Better chance to win than genting cacino..lol

to cure fgv will take a long n difficult journey..that why gomen make a short cut with all these cash n goodies

only big players such as Creed can move the price by selling and buying activity. Creed sell 2.8 million but still hold 58 million . Epf sold DRB last month and the price climbed to 1.80 above. There is nothing wrong if big players sell some of their shares in certain counters.. Fund managers have to sell or buy for strategic purpose

Felda settlers thank Najib for incentives







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image: http://www.thestar.com.my/~/media/online/2017/07/24/02/25/felda230717-bernama.ashx/?w=620&h=413&crop=1&hash=E3A7E5F2B1D9D174E65017DE1F4B937E43B3215E










PUTRAJAYA: Federal Land Development Authority (Felda) settlers have expressed their gratitude to Prime Minister Datuk Seri Najib Tun Razak for granting special incentives to ensure the welfare and prosperity of the community.

Felda settlers' head Samsudin Othman said the short, medium and long-term incentives were welcome news for all 112,635 settlers in the 317 Felda settlements across the country, to help ease their burden and the debt relief incentive would provide relief to settlers.

"We Felda settlers are grateful and thankful to the Prime Minister," he told reporters after attending the national-level Felda Settlers Day 2017 celebration at Dataran Putrajaya, here Sunday.

At the event, Najib announced six incentives for Felda settlers in the form of debt disposal, incentive payment, the setting up of a special fund and grant, as well

Read more at http://www.thestar.com.my/news/nation/2017/07/24/felda-settlers-thank-najib-for-incentives/#sJUQhIqGOqQXePcG.99

easier to make money than casino...as long as you not greedy. he2

bad sharks come later...eating all to above 1.60

many weak contra wipe out least than 10 minutes...congrats those manage to sell above 1.53 .. bravo to those bought back at 1.46..1.47..really a roller coster ride

above 1.60 today???

fasten ur seat belt..roller costers counter. make big money.lol

flda settlers take opportunity to sell after ajib pay all their fgv's share loan.. now they are free of debt. Happy ending at last

Free world..can take profit and laugh all the way to bank, or hold on...or keep some in case flying more n more

ya loh agree..Most bursa FGV big time investors and retailers are not BN supporter..while felda settlers are hardcore UMO suppoters..

Yes..agree just wonder where got this money for payment..tax from rakyat?..tax from genting...berjaya toto??? Never know..when election coming there is always money from sky coming

This is the idea of mlay special right and ktuanan mlyu all about..all rural mlay been brainwashed since before merdeka that Umo will always take care their need n special right...easy money...everthing easy for them. But so effective in mantaining political power..With these cash n goodies for flda settlers...consider check mate to opposition in flda area..

As always...no ways felda settlers will abandon goverment. Everthings settle...kiss2 ajib. But now felda settlers know how to gain more from goverment by pretending leaning toward oppostion..but their heart, love and hope only for umno. The goverment dsnt take anything for granted ..that why give them cash ..goodies..500 million is enough for them . While to prop up fgv price for 50 cents will cost billions..

Only if the big funds/share holders play selling n buying can move the price significantly