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2020-09-07 13:59 | Report Abuse
E-wallet is good to prevent corruption and save cost, hopefully they can achieve want they promise.
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2020-09-06 12:39 | Report Abuse
https://www.bursamalaysia.com/market_information/derivatives_prices?code=FCPO
Futures crude palm oil prices
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2020-09-06 12:37 | Report Abuse
Date Settlement Price RM
3 Sep 20 2891
2 Sep 20 2811
1 Sep 20 2784
28 Aug 20 2738
27 Aug 20 2682
26 Aug 20 2662
25 Aug 20 2615
24 Aug 20 2662
21 Aug 20 2681
19 Aug 20 2737
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2020-09-05 20:41 | Report Abuse
Why FGV Holdings Bhd?
Since its listing on the Main Market of Bursa Malaysia, FGV has undergone a series of questionable investments, massive impairments and several changes of CEO, all of which led to the stock taking a beating over the years. Two weeks ago, FGV reported a second-quarter net profit of RM20.55 million versus a net loss of RM52.2 million a year earlier on factors including an improvement in the group's oil palm plantation operations and narrowing losses at the sugar sector. The worst appears to be over for FGV Holdings Bhd? May the plantation giant worth a second look?
Technical Analysis?
- A Strong downward trend line since Sept 2016 to be broke very soon
- Cup and handle formation which backed with a strong FCPO price (September contract) which reaffirm breakout
- A strong upward breakout from symmetrical triangle can be expected since FCPO breakout from 12-years downward resistance trend line
- A higher high and higher low formation can be seen in price movement
Catalyst?
- Malaysia's crude palm oil (CPO) stocks decline further to a three-year low (source: MPOB)
- Restocking activity due to low stocks in consuming countries (i.e. India, China, Europe) and stronger demand from end customers as the economy reopens.
- Malaysia’s exports to India, China and EU will remain robust for the rest of this year, due to improved diplomatic ties and extension on zero export tax on crude products till December 2020.
- Indonesia has raised its export levy on CPO shipments, starting June 1, 2020, by US$5 per metric tonne (MT) to US$55 per MT as the government seeks to raise funds for its biodiesel programme. This also improved the competitiveness of Malaysia’s palm oil against Indonesia’s.
- China will increasingly turn to palm oil instead of canola and soybean oil, due to political spats with US, Canada and Australia. “Canada and Australia — the two largest suppliers of canola to China — are facing political tensions spilling over to trade. Although China has been fulfilling the buying of soybeans from the US since the Phase 1 trade deal was signed, the progression of the deal is in question.
- Soybean oil-to-palm oil spread will be crucial in dictating prices. The spread in the physical market has been very volatile. Currently, it is at around US$250, but it was at US$80 to US$100 in August. The market will be cognisant of the fact that lower palm oil prices mean higher discounts to soybean oil. higher palm discounts mean more buyers will move from soybean oil to palm oil.
- A potential La Nina in 2H 2020 could shift the global outlook for vegetable oil supply, but it should favour palm oil. Based on past trends, the weather phenomenon is positive for palm oil production and prices at the expense of lower production of soybean as La Niña can cause a drought in soybean-growing regions and reduce supply.
- Although high rainfall could temporarily hurt palm oil production by delaying harvesting and causing damage to infrastructure, it will lift oil yields in the subsequent years.
- Demand for palm oil for food consumption to improve ahead of the celebration of the mid-autumn festival on Oct 1, 2020 and Diwali festivities in November as well as Chinese New Year 2021.
- Labour troubles will not be occurred when production ramps up in fourth-quarter as Deputy Human Resources Minister Awang Hashim said the foreign worker hiring freeze would be lifted for the construction, plantation and agriculture sectors (Source: Parliament - July 2020)
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2020-07-05 07:41 | Report Abuse
DATE.................................VWAP......5-VWAP
24/6/2020 WEDNESDAY...1.6054...........-
25/6/2020 THURSDAY......1.5677...........-
26/6/2020 FRIDAY.............1.5758..........-
29/6/2020 MONDAY..........1.5747..........-
30/6/2020 TUESDAY.........1.6372.......1.5922
1/7/2020 WEDNESDAY......1.6756.......1.6062
2/7/2020 THURSDAY.........1.6982.......1.6323
3/7/2020 FRIDAY...............1.74...........1.6651
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2020-07-05 07:38 | Report Abuse
DATE RESEARCH HOUSE TARGE PRICE (RM, UPSIDE %)
1 JULY 2020 UOB KAYHIAN 1.80 (2.86%)
1 JULY 2020 AM INVEST 2.20 (25.71%)
1 JULY 2020 MALACCA SECURITIES 2.09 (19.43%)
1 JULY 2020 PUBLIC BANK 2.49 (42.29%)
1 JULY 2020 RHB INVESTMENT 2.55 (45.71%)
1 JULY 2020 KENANGA 2.70 (54.29%)
2 JULY 2020 AFFIN HWANG 2.10 (20%)
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2020-06-23 14:40 | Report Abuse
Hi Beast, the latest shareholding changes was updated until 18 June. Last friday there is a DBT of 33.93 mil shares and yesterday there is another DBT of 20 mil shares from Dato. Thus, You will find He left only 90.705 million shares (or 114.635 mil/ 100.705mil shares, there are 2 batch of DBT on last friday). Just some of my 2cent opinions, changes in board members and equity exchanging is very normal in the business world. There are a lot of "noises" created in various social medias and investment platforms, who is in the greed and fear side is very clear to be seen. If you are "shaked" by some comments in any social medias or investment platforms (apps), means you did not study this company carefully. Internal fight is not happening on the higher management level, right issue is also not going to be proposed. Private placement will be proposed, "If only" Serbadk tendered and awarded a larger project than the RM 7.7 billion UAE Project. Hope my comment helps.
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Stock: [FGV]: FGV HOLDINGS BERHAD
2020-09-08 12:08 | Report Abuse
https://themalaysianreserve.com/2020/09/08/new-report-should-solve-feldas-problems/
Majlis Permuafakatan NGO Felda says it is crucial to include privatisation of FGV as part of PN’s overhaul strategy
Concerns on taking FGV private, however, lie in its cost, which could go up to about RM15 billion to RM20 billion given its initial public offer reference price of RM4.55 per share.
“The government cannot say there is no money to spend when they’ve pumped billions of ringgit into Malaysia Airlines Bhd numerous times. Even if it costs a lot to take FGV private, it would help Felda and the government in the long term,” Mazlan said.