The Felda settlers bought FGV at RM4.55 during IPO. What do you think the general offer price should be?

My opinion is that Felda needs to gain 100% of FGV so that the future earnings of FGV will go to Felda. Felda needs to increase its own income to service its high debts and payments to the settlers. Therefore, I think privatisation will take place.

PH government will definitely solve FGV problem. Most probably by privatisation. They can not afford to lose the Felda settlers supports.

Minorities have put in their investments. Capitals are occupied. Hope that in the end, the minorities will get reasonable Returns on Investments (ROI).

Minorities have put in their investments. Capitals are occupied. Hope that in the end, the minorities will get reasonable Returns on Investments (ROI).

Felda will privatise FGV in the next few months so that the company restructuring can be carried out smoothly. Just look at MAS as an example. What is the offer price? I think the offer price should be between RM1.60 to RM2.20.

If Felda would like to privatise FGV, they will buy below their intended offer price from the market as much as possible.

It will be easier to restructure Felda by taking FGV private. There will not be any objections from the FGV's minority shareholders which may fail the restructuring works..

FGV actually has no problem in its business other than the suspected corruptions. No need a intelligent CEO, just need a clean CEO to manage the company. FGV just needs to replant and harvest the fruits to make very good profits. No need to clever clever venture into other business, just dumb dumb look at the trees and harvest the fruits, everything will be ok.

With the suspected corruption problems with the last few CEOs, the new CEO definitely knows that integrity and cleanliness are expected from him. He knows that everybody will monitor and ensure that he is doing the right job. Therefore, I have faith in this CEO and FGV to achieve good results in the coming financial year.

They need to privatise FGV to restructure its parent company, Felda. FGV has no problem but Felda (unlisted entity) needs to be restructured. That is the main reason privatisation will definitely go on, just like what happened to MAS a few years ago.

After that, privatisation.

FGV balance sheet is still fairly strong. Just do the right thing and the company will be growing. Share price will rise.

The new CEO knows what is expected from him. He has to ensure that FGV is focusing on its core businesses, Plantation and Sugar Refinery. Any unrelated business needs to be sold and the money should be used to replant and grow the core businesses. Just do this and FGV will be revived and profitable easily and rapidly.

FGV will definitely consider the acceptance rate of the shareholders. The offer price must be attractive enough for them to reach 90% acceptance. I think the first offer will be at least RM1.50 a share. Price will be revised upwards if acceptance is not good.

Generally, MKH's properties are selling well. The unbilled sales are at a record high of RM1bil. This is the highest in MKH's history. Inventory is at a very low level of RM100mil and it is expected to be sold in the coming National Homeownership Campaign on 1/3/19.

http://www.theedgemarkets.com/article/mkh-sees-profit-rebounding-fy19-after-hitting-fiveyear-low

Just like MAS, FGV needs to be taken private so that restructuring can be done rapidly and smoothly.

I agreed with the following quote. Sometimes, certain stocks are beaten down due to some sudden market events or government policies. Other than that, there is no change at all to its business operations. Market over-reacted and sold the shares down and the counters became grossly undervalued. I found GenM and FGV to be oversold and became "Superbuys".

Before this, I did not invest in these two counters.


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Icon8888: "Investing should not be defined only as picking good stocks and holding forever to enjoy compounded return. Buying an overlooked stock to wait for market to rectify mispricing and hence provides opportunity to cash out, is also considered investing. Even if it happens within few months."

Warren Buffett mentioned that if you get it right 8 out of 10 times in investing, you are aldy a guru. It is unrealistic to aim for a score of perfect 10. No investor is able to achieve that.

Even Warren Buffett has made a mistake recently in investing into "Apple".

PH has to put Felda and FGV back to profitable and growth track in order to win the settlers' supports. They will definitely work in that direction.

Anyway, I respect your different view.

I prefer that poor men (including Bangla) pay GST, rich men pay GST + Income tax.

During the Asian Financial Crisis in 1998, the gambling tax was raised only by 3%. We are not in crisis now, no reason to victimise GenM by raising the tax by 10%. Should reduce that to a more manageable 5%.

There is no change in taxes for the three number forecasting operators. Magnum, Kuda and Toto are very happy with the budget. All also gambling, should be treated more equally.

I am not worry about Genting Malaysia's future. But I want Genting Malaysia to make good profits as I am a small owner of the company.

I think the government should not kill the goose that lays golden eggs.

Lim GE should reduce the quantum of the gaming tax hike to a more reasonable level. 10% increase is too high.

The management has worked very hard to increase its revenues and profits. Hence, the government will get more tax collections from the growth anyway even though the government did not increase the gaming tax.

Genting Malaysia over-reacted to the increase in gaming tax. Price drop from RM5.80 to RM3.30 is too much. Will go back up to its reasonable price soon.

The CEO, Azhar said that FGV can make RM1bil per year from its present businesses. That translates to earnings per share (EPS) of 27.4 sen. When it becomes reality, FGV should trade at RM2.74 for PE Ratio of 10 times. With PE Ratio of 15 times, It should trade at RM4.11 per share.

FGV's problem is about the integrity of its previous management. They bought some properties and businesses not related to their core business at very high prices. They also bought Asian Plantation at an unreasonable high price. The quality of Asian Plantation was found to be very bad with a big portion of the land not suitable for oil palm planting. FGV just needs to stay in plantation which is its core competency area to become profitable.

As long as FGV simply does its business strictly following rules, regulations and the provisions of the laws, FGV is going to make good profits. Oil palm plantation is a very straight forward business. Each hectare of oil palm will give you about 20 to 22 MT of fresh fruit bunch (FFB). Just fertilise the trees, weeding the plantations and harvest the FFB faithfully, then FGV will be going to make profits.

MKH bought over additional 2,445 hectares of plantation, near to its existing plantation in 2016. In total, MKH has 18,388 hectares now, 16,407 ha are planted and almost all of them have matured. From the announcements in last one or two years, the plantation land worth about RM1.1bil and MKH has plan to list it. RM1.1bil is aldy much higher than the current market capitalisation of MKH at RM733mil.

Now, you can see how undervalued MKH is. It is a topaz mistaken as a blue stone, a diamond mistaken as a quartz.

MKH's Kalimantan plantation is really fertile. The big boss, Tan Sri Dato' Chen Kooi Chiew personally went to see the land and confirmed the deal in 2007. The land is flat and with volcanic soil. The current yield is about 28MT to 30MT per hectare. This yield is considered very high as compared to the plantation yield in Malaysia at around 20MT to 22MT per hectare. The additional yield turns to much higher profit. If you consider the fixed cost and variable cost of production, you will understand that the additional harvest brings in much higher profits.

At CPO price of RM2,223 per MT, MKH is still making decent profit. Their cost should be around RM1,500 per MT.

FGV is a possible candidate for privatisation. This will be the case like MAS where restructuring within the group can be made more efficiently and effectively. No approval is needed from the shareholders in Annual General Meeting and Extraordinary General Meeting for the restructuring work.

UOB Kay Hian stated that the dispute with Fox may possibly be settled out of court. If this were to happen, it will be a piece of positive news to GenM as the outdoor theme park is a major crowd puller.

https://www.thestar.com.my/business/business-news/2019/01/16/genting-malaysia-identifies-areas-for-cost-cutting/

Worth to buy and hold for one and a half year.

Slowly going up to its reasonable price level for short term. In the medium term, GenM will go back to RM5.80 in one and a half years time when its ratios improve and can underpin that price level.

Look at their recommendations, UMWOnG (Velesto), Armada, Icon, SapuraEnergy, Perisai, GKent, MRCB and Felda before the share prices tumbled. All are either "Strong Buy", "Buy" or "Hold". May be they gave these ratings to benefit themselves.

Look at their recommendations, UMWOnG (Velesto), Armada, Icon, SapuraEnergy, Perisai, GKent, MRCB and Felda before the share prices tumbled. All are either "Strong Buy", "Buy" or "Hold". May be they gave these ratings to benefit themselves.

Major IBs and fund houses had been negative about property stocks for the last 4 years but the property stocks kept reporting good results with single digit PE for many of them. Were the IBs and fund houses wrong? I think they are and their analysis are too crude and coarse. Just simply say "property market not good, so property counters not good". Aunties in pasar also can give this kind of analysis.

If you check back the IBs' and fund houses' recommendations for the last 4 years, they recommended Oil & Gas and Construction counters. Many people loaded onto their lorries and ended up in Holland.

Major IBs and fund houses had been negative about property stocks for the last 4 years but the property stocks kept reporting good results with single digit PE for many of them. Were the IBs and fund houses wrong? I think they are and their analysis are too crude and coarse. Just simply say "property market not good, so property counters not good". Aunties in pasar also can give this kind of analysis.

If you check back the IBs' and fund houses' recommendations for the last 4 years, they recommended Oil & Gas and Construction counters. Many people loaded onto their lorries and ended up in Holland.

National Homeownership campaign to be held in KL Convention Centre from 1/3/19 to 3/3/19.

http://www.theedgemarkets.com/article/national-homeownership-campaign-...

National Homeownership campaign to be held in KL Convention Centre from 1/3/19 to 3/3/19.

http://www.theedgemarkets.com/article/national-homeownership-campaign-...

Now is the best time to buy property counters like Paramount at the bottom of the property cycle.

The property market is expected to improve this year. Maybank IB expects that the ongoing "National Home Ownership Campaign" between 1/1/19 to 30/6/19 is going to increase the housing sales substantially.

In the last "National Home Ownership Campaign" in 1999, the overall property market sales increased by 36% as compared to 1998. Paramount as an active developer will participate and benefit from this campaign in a big way.


http://www.sinchew.com.my/node/1828733/%E9%94%80%E5%94%AE%E8%A7%A6%E5%...

Now is the best time to buy property counters like MKH at the bottom of the property cycle.

The property market is expected to improve this year. Maybank IB expects that the ongoing "National Home Ownership Campaign" between 1/1/19 to 30/6/19 is going to increase the housing sales substantially.

MKH was one of the key organiser in the last "National Home Ownership Campaign" in 1999. The 1999 campaign had seen the overall property market sales increased by 36% as compared to 1998. MKH will participate in this campaign in a big way.


http://www.sinchew.com.my/node/1828733/%E9%94%80%E5%94%AE%E8%A7%A6%E5%BA%95-%E5%88%A9%E7%A9%BA%E5%8F%8D%E6%98%A0%E2%80%A7%E4%BA%A7%E4%B8%9A%E8%82%A1%E6%9C%89%E6%9C%9B%E6%89%AD%E8%BD%AC%E5%8A%A3%E5%8A%BF

My pick for 2019

MKH 20%
E&O 20%
GenM 15%
Engtex 15%
Paramon 15%
TAGB 15%

Good to see Icon8888 here. That means more experts are seeing big values in this company. Good sign!

Hope that KYY is also seeing values in this company.

@kevin5059, for mass market

(35%-25%) / 25% X 100% = 40% increase

For every casino revenue of RM100, tax payable is increased from RM25 to RM35, an increase of RM10.

RM10 / RM25 x 100% = 40% increase