Yes no annoucement .. but then who is selling with the large volume and who is buying ,.. since listing friday was the largest volume where FGV traded ...

No light at the end of tunnel ..I would now surprise FELDA is also selling since now they not able to pay settlers for kos sara hidup ...really damned ..with this stock now

FGV already responded ....regarless what news coming in the share will go down till CPO recover

FGV in shit position now .. don’t expect the share will be rebound anytime soon .. we have people who bought this share with some shitty price and will press down the price more and more …
Palm Oil should be recovering soon worse case scenario we might need to wait for another few more years and the good part if this is the first time FGV actually is in red YoY … FGV is obligated to pay dividend to FELDA which means it have no choice to buck of the performance …. if delist still the offer price will be more than Rm 1 .

If Felda want to take back their land much better since billions needs to be paid …. FGV will do divestments which valued for few hundred millions of ringgit according to Azhar .

I think for now hold on with FGV is you bought higer then the current price how worse It can compared to now ?

https://www.financialexpress.com/economy/global-palm-oil-output-likely-to-drop-after-2022-says-report/1212657/

ts close peer such as Genting Plantations Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

reported a third quarter (ended Sept 30) net profit that shrunk to RM23.51mil from RM76.46mil a year ago, below consensus estimates.

Genting Plantation’s profit decline had been blamed on the falling CPO price despite higher fresh fruit bunch (FFB) production.

Already on a downtrend, FGV’s stock had seen further declines following the shock quarterly loss that was publicly announced on Wednesday.

The counter closed yesterday at 88.5 sen – its historical low since it got listed in June 2012 – with a current market capitalisation of RM3.23bil.

The group’s poor financial performance is attributable to, among others, the drop in CPO prices.

CPO futures are now hovering near three year lows at RM1,865 per tonne at the time of writing due to various factors including rising inventories in Malaysia – the world’s second-biggest exporter of the commodity – and weak demand.

CPO futures hit a multi-year low of RM1,759 per tonne earlier in November.

Despite a set of negative financial results last week, all except for one research house continue to rate FGV a “hold” or “neutral”, according to a Bloomberg poll.

FGV’s third quarter earnings were below MIDF Research’s expectations and it is now telling investors to brace for a worse core net loss of RM97mil (previously RM73mil) for FY18.

“FY19 core earnings have also been reduced to RM33mil (from RM74mil). We have assumed lower FFB production for FGV,” MIDF Research says.

The research house rates FGV a “neutral” with a lower target price of 91 sen from RM1.54 previously, with its target price-to-book ratio also being reduced to 0.7 times from 1 time after taking into consideration its weak earnings prospect.

Meanwhile, Affin Hwang Capital Research says in its report that it is now forecasting a core net loss of RM75mil for FGV in FY18.

It has also cut its forecast FY19-FY20 core earnings per share (EPS) by 41.2% and 39.2%, respectively, after the weak third quarter results, as it anticipates weaker performance from the company’s sugar and plantation divisions.

“In tandem with our lower earnings forecasts, we reduce our target price for FGV to 88 sen (from RM1.50 previously), based on an unchanged 25 times price-to-earnings ratio applied to our core EPS for the forecast FY19.

“We maintain our ‘hold’ rating on the stock on valuation grounds,” Affin Hwang says.

While all may seem bleak at the moment for FGV, a potential upside that the market could have overlooked may come from a transformation plan that was unveiled in October 2018.

Affin Hwang Capital says it is cautiously optimistic on the publicised plan, pointing out a similar turnaround strategy that was introduced in early-2017.

“We believe the transformation plan should help improve FGV’s productivity and cost management, going forward,” it says.

It was reported that FGV’s earnings for FY17 jumped 356% to RM143.73mil from RM31.46mil in FY16. The strong results for FY17 were then attributed to improved performance from the plantation as well as logistics and other sectors.
It was reported that the transformation plan this time around will see FGV identifying several areas for improvement. It is also working to restore the operational integrity of its plantations.

Steps for the next three to six months in its latest turnaround plan include a full review of the harvesting, evacuation and logistics processes to enhance the implementation of structural block harvesting systems and good farming practices, in order to increase mill utilisation to reduce cost, and improve efficiency and quality.

Whether FGV’s transformation plan that was unveiled in Oct 2018 would be a fine repeat of recent history or not is still anyone’s guess, but it would definitely be sweet-tasting for investors who are willing to take a risk and buy into its shares at presently depressed prices.


Read more at https://www.thestar.com.my/business/business-news/2018/12/01/market-expecting-worse-to-come-for-fgv/#H50ZhsWsPireuOWT.99

Also who is buying now with such large volume

Why gap down

Too early to say cause they hold a lot asset ....but it will go down further

I bought some also...Good one Serbs sure 5 next year

Sad lor ...

Most of the people stuck for at least 2 years here

It's normal to use illegal labour and etc what is the big deal..despite all this FGV still cannot perform ...it shows useless management .

when its cheap collect .... Serba memang always boleh

Now its really in danger being another MAS .... i am fckued up

ya ... but who is throwing and who is buying ?

see the sell volume also

Yes this is crazy ... all retail investor maximum fcked another armada in making

yes over 0.1Billion shares ?

again last minute ...something not right .. retail investor being fckued up

will down another 10 sen today .. large volume at 0.900

The bad news just don't stop for FGV

World palm oil body cites FGV, alleges 'forced, unethical' labour practices

https://www.malaysiakini.com/news/454044

those who can hold ...keep if to sell now rugi habis ....2019 CPO should recover at least the price will go above 1.2 so for the time being hold only

FGV Holdings Bhd is likely to record another round of losses in its current fourth quarter ending Dec 31, marking the group’s negative earnings for the third consecutive quarter.

None has a “buy” view.

“It is also looking to beef up returns from its downstream assets and has identified 11 non-core investments for divestment, which could net the group approximately RM250mil to RM300mil in proceeds.

Read more at https://www.thestar.com.my/business/business-news/2018/11/30/fgv-likely-to-record-q4-loss/#xsiVloHbrrtl5sTA.99

look at FGV Twitter those uselsss management re-twitting

Robert Hii
‏

@HiiRobert
17h17 hours ago
More
@FGVHoldings looking like a solid buy. House cleaning to rid questionable investments under the previous corrupt management is making this large palm oil company a sweet buy

huge block at 0.900

they want to de-list cheaply ... toxic share

look at the price now ..

Azhar is a damn good PR Guy but to be honest is looks like not competent ... basically they can't achieve most of the KPI set in the plantation ..useless

I highly doubt if you look at the media briefing they are not achieving any of the KPI .... Most important on the below ...which means its freaking useless management


Group incurred Loss Before Zakat and Tax in
Q
3 YTD 2018 mainly due to:
• Higher CPO production cost ex-mill of RM1,800 per MT (Q
3 YTD 2017: RM1,631 per MT)

http://www.theedgemarkets.com/article/global-palm-oil-prices-seen-bullish-after-2021-%E2%80%94-rabobank

Immature 19%
4-9 yrs 24%
10-20 yrs 22%
21-25 yrs 6%
>25 yrs 28%

28% more than 23 years ... useless and those within 21-25 will increase as well

Don't touch till 10th December anything can happen ... it will go back to 1 soon

Kenanga Research cuts target price for FGV to 95 sen

If you can hold don't listen those people say cut loss .. hold on sell when it recover

Just be patience i hold some from 1.6 and in loss as well but i think its a risk worth to take

2019 December TP should be at least 2 lah this should be last result with lost .... unless CPO really go down

i won't touch till 10th December

I think that should be the biggest risk now

Agreed thats the reason its all depends on the Azmin white paper ... its a risk which had to be taken as retail investor

There no longer should be any blame game on previous management which means Azhar and his team must deliver … the impairment has already been done which means no more excuses or surprise unless Azmin do a screw up by 10th December .. I will not touch this toxic shit till 10th December .

It at least should have a technical rebound this week since been in downtrend for almost few weeks now ..

This was badly handled by Azhar and his team , if there will be complete impairment there should be a profit warning from FGV themselves .. However that did not happen until AmInvest broke the news which mean it’s an insider news to trap minority shareholder.'

I think there should be complain to MSWG on FGV .

The worst is over seems.. can you believe...for me worth a risk to take ..

FGV's deposits, cash and bank balances stood at RM1.48 billion as at Sept 30, 2018.

“I am the ‘heart patient who is slowly coming out of the operation theatre’ and I am going to the Intensive Care Unit for recovery and I should be up and running again over the next one week”.

“And personally, I strongly believe that our share price will not stay below RM1,” he said, in response to a question if FGV shares would become a penny stock.

Agreed tapi nanti if non-malays appointed they will say we trying to rob them

https://www.thestar.com.my/business/business-news/2018/11/28/fgv-to-complete-forensic-investigations-by-year-end/

Just don't touch this FGV lah looks like another impairment

Non-malays non wanted in FGV bro ...

FGV to minimise role as CPO seller

http://bernama.com/en/news.php?id=1669728

Yes only Anwar can turn the table

MOF don't care bout FELDA lah ... tengok lah siapa kat MOF