kong73

kong73 | Joined since 2012-04-09

Investing Experience Intermediate
Risk Profile Moderate

I've started trading in Bursa KLSE shares since Oct 2011. I would trade using cimb itrade online. Do check out my i3 portfolio which mirrors my latest positions as per my itrade portfolio.

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2021-10-08 15:22 | Report Abuse

trained the youngsters to trade in shares in the USA and Bursa

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2021-10-08 09:02 | Report Abuse

Felda want to privatise FGV hope can improve the offer to above IPO price :-)

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2021-10-08 00:02 | Report Abuse

Felda 81% must be happy that Fgv share price keeps on improving and trending up due to high cpo price

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2021-10-07 16:51 | Report Abuse

Fgv will enjoy super profit all the way until end of the year

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2021-10-07 16:48 | Report Abuse

No fear crude palm oil price average 4700 per MT - gila best

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2021-10-07 13:30 | Report Abuse

average crude palm oil price for August 2021 how much will it be. Last quarter average was RM3333/MT

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2021-10-07 13:26 | Report Abuse

The production figures of FGV Holdings Berhad for the month of August 2021 are set out below:

Items

Production

Fresh Fruit Bunches 396,787 MT

Rubber 323,566 KG

Crude Palm Oil Produced 259,696 MT

Palm Kernel Produced 65,882 MT

This announcement is dated 14 September 2021.

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2021-10-07 13:20 | Report Abuse

Going forward
The ongoing pandemic, the new Delta variant and the imposition of the Movement Control Order
(MCO) 3.0 continue to affect Malaysia’s palm oil industry as a whole. In curbing the impact of COVID19 especially at its plantations, FGV is expediting its vaccination programme for all workers as part of
its mitigation effort in managing the risk of infections at its operating locations.
“We are currently at the final stage of acquiring the vaccines and shall commence the vaccination
programme by the first week of September 2021,” said Mohd Nazrul.
Besides that, on 16 August 2021 one of FGV’s core sectors, FGV Integrated Farming Sdn Bhd
(FGVIF), entered into a Memorandum of Collaboration (MOC) with FELCRA Berhad (FELCRA) and
Baladna Food Industries (BALADNA), Qatar’s largest locally-owned food and dairy producer, to carry
out a comprehensive feasibility and technical study on an opportunity to potentially co-invest in an
integrated dairy farm business in Chuping, Perlis.
The potential initial areas of collaboration include doubling the current production of Malaysian fresh
milk within two years, and creating a farm for ten thousand milking cows with an annual production of
100 million litres of milk per year. Other potential areas include utilising Malaysian agricultural land to
produce largely the required animal feed for the dairy farm, as well as using the joint venture farm as
a hub that supports small rural farms in developing small cattle fatting farms and animal feed farms
by 2024, among others.
EN

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2021-10-07 13:19 | Report Abuse

FGV Records Higher PBZT of RM501 Million in 2Q FY2021
KUALA LUMPUR, 30 August 2021 – FGV Holdings Berhad (FGV) registered a significantly higher
profit before zakat and tax (PBZT) of RM501 million for its second quarter ended 30 June 2021 (2Q
FY2021), against PBZT of RM18 million in the previous corresponding quarter. The Group’s revenue
for the quarter under review rose 42% to RM4.68 billion versus RM3.29 billion in 2Q FY2020.
The strong performance of the Group’s PBZT driven by higher operating profit of RM338 million in 2Q
FY2021 compared to RM115 million in the same period last year, mainly attributed to increased palm
products margin, improved gross profit margin for its Sugar business, as well as higher throughput
and cargo volume handled by its Logistics business. In addition, the Group reported fair value gain
on Land Lease Agreement (LLA) of RM180 million compared to fair value charge on LLA of RM76
million registered in the previous corresponding quarter. The gain on LLA for the current quarter was
attributed mainly to the revision in the yield assumption used in arriving at the LLA liability.
For the period under review, the Group has recorded higher average crude palm oil (CPO) price
realised of RM3,333 per metric tonne (MT) which is 44% higher compared to average CPO price
realised in 2Q FY2020 of RM2,309 per MT. This contributed to a turnaround of more than 100% yearon-year (y-o-y) for the Group’s Plantation Sector.
For 1H FY2021, the Group posted a PBZT of RM516 million against a revenue of RM8.08 billion,
compared to the previous corresponding period’s loss before zakat and tax (LBZT) of RM145 million
against a revenue of RM6.08 billion.
Mohd Nazrul Izam Mansor, Group Chief Executive Officer of FGV said, “Despite the ongoing
challenges of the pandemic, as well as the lagging effect of dry weather, I am pleased to report
that FGV posted strong operating profit. We remained resilient in our efforts in these unprecedented
times, which has translated into the significant improvement of our financial results for this quarter.”
The operating profit for FGV’s upstream segment under the Plantation Sector increased to RM247
million for 2Q FY2021 compared to RM106 million in the previous corresponding quarter, due to
improved palm products margin despite an increase in CPO ex-mill cost.
In the upstream operational parameters, the FFB production and yield both lower by 11% against the
previous corresponding quarter to 1.06 million MT and 4.18 MT/Ha respectively, due to lower FFB
production from the young, mature and prime age palm categories, as well as a shortage of skilled
harvesters.
CPO production decreased by 14% y-o-y to 0.70 million MT due to lower FFB processed, especially
from external parties. Oil extraction rate (OER) however, improved slightly to 20.16% compared to
20.02% a year earlier, resulting from improved mills performance through stringent process control.
FGV’s downstream segment under the Plantation Sector came in 21% stronger with an improved
operating profit of RM29 million compared to RM24 million in the previous corresponding quarter,
attributed by 64% higher margin realised from crude palm kernel oil (CPKO) sales.
The Group’s Sugar Sector under its 51% owned subsidiary, MSM Malaysia Holdings Berhad (MSM)
continued its positive momentum by posting a RM23 million PBZT against a revenue of RM554 million
for the quarter under review, a significant improvement from a LBZT of RM27 million against revenue
of RM447 million in 2Q FY2020.
2
“The performance is primarily driven by higher gross profit margin of 8% resulted from an increase in
overall sales volume by 12% attributed to less restrictive imposition of the nationwide MCO 3.0
compared to MCO 1.0 in March last year,” added Mohd Nazrul.
In addition, FGV’s Logistics Sector recorded a similar PBZT of RM22 million in 2Q FY2021, majorly
contributed by its bulking business segment which recorded 11% growth y-o-y due to a 3% increase
in total throughput and bulking volume. The transport business segment, however, posted a lower
PBZT by 50% of RM2 million in 2Q FY2021 compared to RM4 million in the same period last year
due to increase in variable operating costs by 19%, despite an increase in total tonnage carried and
an average transportation rate by 1% and 11% respectively.
Going forward
The ongoing pandemic, the new Delta variant and the imposition of the Movement Control Order
(MCO) 3.0 continue to affect Malaysia’s palm oil industry as a whole. In curbing the impact of COVID19 especially at its plantations, FGV is expediting its vaccination programme for all workers as part of
its mitigation effort in managing the risk of infections at its operating locations.
“We are currently at the final stage of acquiring the vaccines and shall commence the vaccination
programme by the first week of September 2021,” said Mohd Nazrul.
Besides that, on 16 August 2021 one of FGV’s core sectors, FGV Integrat

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2021-10-07 12:43 | Report Abuse

mind want to all in..but the body says no bullet to spare

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2021-10-07 11:00 | Report Abuse

Yet to be seen as "Future" is unknown

But we can "SEE" the Signs ahead & they tell us Bullish Events are Unfolding

1) China shut down its factories due to lack of electric power - leading to little Soybean milling. Without milling there won't be enough soymeal & soy oil

SO CHINA MUST BUY PALM OIL TO MEET THE SHORTFALL

2) NOVEMBER 14 is DIWALI CELEBRATION FOR INDIA's 1.35 BILLION PEOPLE

3) DECEMBER 25 IS CHRISTMAS & FOLLOWED BY NEW YEAR CELEBRATION OF YEAR 2022

Every cake, ice cream or feasting involves palm oil

4) FEBRUARY 1ST 2022: 1.4 BILLION STRONG CHINESE CELEBRATE CHINESE LUNAR NEW YEAR WITH 15 DAYS OF FEASTING - LOTS OF PALM OIL NEEDED

5) VERY COLD WINTER AHEAD: SO HIGH CRUDE OIL PRICES EXPECTED - HELPING TO KEEP PALM OIL ELEVATED AS IT IS USED AS ALTERNATE BIODISEL FOR GREEN ENERGY

6) THEN USA TURNING ITS FOSSIL FUEL REFINERY TO BIODISEL REFINERY WILL GIVE BIODISEL A SUSTAINED UP-LIFT

THESE AND OTHER MULTIPLE FUNDAMENTAL STRUCTURAL FACTORS ARE GAME CHANGERS FOR PALM OIL BULL RUN TIME

HOW LONG WILL PALM OIL BULL RUN LAST?

THAT WE CANNOT TELL

BUT IT WON'T BE FORESTALLED LIKE GLOVE DUE TO IMMENSE GLUT & THE CHINA FACTOR

WHY?

ANSWER: UNLIKE GLOVE WHEN CHINA COULD SET UP NEW GLOVE FACTORIES IN JUST 4 TO 6 MONTHS YOU NEED LAND & PLANTING TIME FOR PALM OIL TO GROW TILL FIRST FRUIT : AT LEAST 5 YEARS TO SEE COMPETITION (SO PALM OIL HAS HIGH TIME BARRIER TO ENTRY TILL YEAR 2026)

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2021-10-07 10:57 | Report Abuse

Plantation bull run period...mana nak dapat lagi harga dunia CPO RM5000. limited supply plus growing demand from china and India

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2021-10-07 10:40 | Report Abuse

wow ..myeg dah ready nak jual self test kit for 25pcs at RM19.90. They are going to make a lot of money from this latest offering

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2021-10-07 10:20 | Report Abuse

FGV IPO price 4.55/unit..now cheap sale from 80 sens last year and now only 1.50 sens/unit...still undervalued

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2021-10-06 19:18 | Report Abuse

All plantation stock up today. Ahmad Zaki will also benefit

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2021-10-06 13:40 | Report Abuse

CPO futures price hit RM5000. Ahmad ZAki is going to have a good Q4 2021 revenue

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2021-10-06 12:34 | Report Abuse

Perstima is solid as a bull

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2021-10-06 12:21 | Report Abuse

High CPO price until 2022

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2021-10-06 12:21 | Report Abuse

6 months will complete audit with US Customs Border Control

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2021-10-06 12:18 | Report Abuse

FGV IPO price 4.55/unit

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2021-10-06 08:30 | Report Abuse

2022 will be a good year with revenue from Philipine market realised

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2021-10-06 00:39 | Report Abuse

New PERSTIMA tinning line in the Philippines expected to be operational by Q4-2021
Jan 20, 2021
Tenova reports that it has been contracted for a 200,000 tonnes/year new high-speed electrolytic tinning line with insoluble anodes by Perusahaan Sadur Timah Malaysia (PERSTIMA) Berhad, premier producer and supplier of high quality tinplate in South East Asia. This cutting-edge technology will be implemented in PERSTIMA’s plant in Batangas (Philippines). The electrolytic line is expected to be put into operation by Q4-2021.
The electrolytic combined tin-plating and tin-free steel line will work at 550 meters/minute at entry/exit and 420 at the process section, for annual production of 200,000 tons. The steel strip will be 550-1000 mm wide and 0.10-0.60 mm thick, and the line will process all the main grades of steel for a product mix which will satisfy the most recent demand of the high-quality market. A minimum tin coating thickness of 1.1 g/m2 is guaranteed.
The line is equipped with a dedicated section (cells and recirculation equipment) for the production of tin free steel process as well. Tenova will provide the state-of-the art automation with an enhanced Web-Based Level 2 and Roll Management Software to automatically schedule roll activities in the processing line.
“Tenova insoluble anodes technology will permit an easier handling of the process section with highest safety for the operators. Tenova developed an advanced system for the tin-dissolution reactors, achieving very low tin losses in the sludges. This represents a very positive aspect both for economic and environmental reasons”, affirmed Giuseppe Zanzi, Tenova Italimpianti & Strip Processing Sales Manager SEA & India.
“This new project will allow our customer to address the request of higher quality tinplate and TFS in the region, confirming our position in high-standards tin-plating market, after previous important contracts in Spain and in China, among the others”, affirmed Stefano Marelli, Tenova Global Sales Manager South East Asia.
Finally, a further improvement in the quality of the tin-plate has been achieved through the development of special edge-masks. These devices prevent the “white edge defects” due to tin overcoating at the edges while processing strips with different widths. In addition, Tenova edge-mask design guarantees easy inspection and access to the cell. Tenova Insoluble Anode Technology with IGBT Rectifiers globally permits a large operating saving in tin and electrical consumption, guaranteeing the top of quality.

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2021-10-05 16:17 | Report Abuse

Dialog is a cash cow

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2021-10-05 16:14 | Report Abuse

Turbelence ahead..sell make it 90 sens

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2021-10-05 11:14 | Report Abuse

Phase 4 - WIO is back on for fully vacinated

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2021-10-05 07:20 | Report Abuse

Air asia…fully booked flight since 1st oct for langkawi - poweerrr

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2021-10-04 16:45 | Report Abuse

So far with every information we gather at this point aor asia can only go up above 1.20

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2021-10-04 16:44 | Report Abuse

Air asia is a recovery stock with airlines making a comeback onwards.

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2021-10-04 10:35 | Report Abuse

Dec 21 - PM said international travel will be back on.

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2021-10-02 09:56 | Report Abuse

Toll concession have yet to go live yet

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2021-10-01 09:19 | Report Abuse

Good advise @kimsua

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2021-09-30 19:26 | Report Abuse

Looks ok for Q2 2021. Q3 2021 hopefully can return a profit

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2021-09-30 15:01 | Report Abuse

get it while it is good

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2021-09-29 09:58 | Report Abuse

When AZRB will issue out their Qtr report
It is coming to oct already and nothing yet

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2021-09-27 10:13 | Report Abuse

Inari is dependent on a few american and European customers and faces the biggest risk expose to global cyclical industry when the upcoming global glut of microchips start to trigger price war among the top 3 global companies

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2021-09-27 10:09 | Report Abuse

Samsung Foundry, the world's second largest contract maker of chips, is another foundry to build a leading-edge fab in the USA The company's Project Silicon Silver manufacturing facility in Texas will cost over $17 billion and is projected to be larger when compared to TSMC's fab in Arizona. It remains to be seen which process technology SF plans to use at the fab, but one of the options is its 3 nm MBCFET-based leading-edge node. Meanwhile, it is unclear whether Samsung is seeking to build chips for the USA government agencies.

While the USA government would prefer to help local chipmakers, such as Intel or GlobalFoundries, its initiatives to assist production of chips in the country have so far gathered significant interest from Taiwan-based TSMC and South Korea-based Samsung. In any case, it looks like the plan to bring leading-edge semiconductor manufacturing back to the USA works and a $27 million planned investment is a good proof of that, depending on tax abatements throughout the process.

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2021-09-27 10:03 | Report Abuse

Hsinchu, Taiwan, R.O.C., May 15, 2020 – TSMC (TWSE: 2330, NYSE: TSM) today announced its intention to build and operate an advanced semiconductor fab in the United States with the mutual understanding and commitment to support from the U.S. federal government and the State of Arizona.

This facility, which will be built in Arizona, will utilize TSMC’s 5-nanometer technology for semiconductor wafer fabrication, have a 20,000 semiconductor wafer per month capacity, create over 1,600 high-tech professional jobs directly, and thousands of indirect jobs in the semiconductor ecosystem. Construction is planned to start in 2021 with production targeted to begin in 2024. TSMC’s total spending on this project, including capital expenditure, will be approximately US$12 billion from 2021 to 2029. This U.S. facility not only enables us to better support our customers and partners, it also gives us more opportunities to attract global talents. This project is of critical, strategic importance to a vibrant and competitive U.S. semiconductor ecosystem that enables leading U.S. companies to fabricate their cutting-edge semiconductor products within the United States and benefit from the proximity of a world-class semiconductor foundry and ecosystem.

TSMC welcomes continued strong partnership with the U.S. administration and the State of Arizona on this project. This project will require significant capital and technology investments from TSMC. The strong investment climate in the United States, and its talented workforce make this and future investments in the U.S. attractive to TSMC. U.S. adoption of forward-looking investment policies to enable a globally competitive environment for a leading edge semiconductor technology operation in the U.S. will be crucial to the success of this project. It will also give us the confidence this and other future investments by TSMC and its supply chain companies will be successful.

In the United States, TSMC currently operates a fab in Camas, Washington and design centers in both Austin, Texas and San Jose, California. The Arizona facility would be TSMC’s second manufacturing site in the United States.

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2021-09-27 10:01 | Report Abuse

Beware of semiconductor top global companies building fab capacity in USA. Intel, TSMC and Samsung that will create a glut in microchips.

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2021-09-26 15:03 | Report Abuse

AZRB is in a cyclicar sector which is mainly construction. Once their toll concession business go live, AZRB will be a defensive stock with healthy positive cash flow consistent and stable

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2021-09-26 15:00 | Report Abuse

Dialog is in a cyclical sector. Having said that their management ability and foresight to generate incremental annual revenue and positive cash flow from their tank storage terminal is very impressive. HLIB buy call is a testimony that the current share price is oversold and there will be a rebound

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2021-09-24 09:49 | Report Abuse

If an individual fails to make his monthly mortgage payments, he defaults on the loan. Similarly, if a business issues bonds and it is unable to make payments to its bondholders, the business is in default on its bonds. When deciding whether to issue a loan or invest in a debt security, lenders and investors must carefully consider the chance of default and must manage its risk.

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2021-09-24 09:46 | Report Abuse

@junichiro thanks for sharing your input. It will be interesting to see what happens to a defaulted bond?
Bond defaults happen when a company stops paying interest on a bond or does not re-pay the principal at maturity. ... If a company defaults without declaring bankruptcy first, then creditors are likely to force them into bankruptcy.

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2021-09-24 00:50 | Report Abuse

SUZHOU/SHENZHEN: At an eerily quiet construction site in eastern China' Suzhou, worker Li Hongjun says property developer Evergrande's debt crisis means he will soon run out of food. Christina Xie, who works in export in the bustling southern city of Shenzhen, fears Evergrande has swallowed her life savings.

The pair, united like legions of others by their connections to the vast China Evergrande Group, show the scale of the challenge facing the Chinese government in managing its financial woes, although economists downplay the risk of a "Lehman moment" style collapse.

Evergrande, with outstanding debts of US$305 billion, recently stopped repaying some investors and suppliers and halted building work at projects across the country, setting off global alarm bells over upcoming interest payments.

Li, who says he has not been paid since August, is doing minimal maintenance among half-finished apartment blocs whose outer shells hide rubble-filled interiors. Sand and concrete slabs cover a just-finished marble floor in one future home.

"In the past two days I’ve been planning to go to the government," he said. "What can I do? Soon I’ll have no food to eat. If I have no food to eat I’ll have to go to the government to eat.”

Xie put 380,000 yuan (US$58,770) of savings into a wealth management product sold by Evergrande and says she did not receive a payout of 30,000 yuan due to her earlier this month.

"It's all my savings. I was planning to use it for me and my partner's old age. I worked day and night saving, now it's game over," said Xie, who was told that the wealth management product that she bought would yield 7.5% a year.

"Evergrande is one of China's biggest real estate companies ... my consultant told me the product was guaranteed."

Xie still hopes to be able to redeem her investment, one of billions of yuan in wealth management products (WMPs) sold by Evergrande, but she is not satisfied with any of the options suggested so far, which include the offer of property.

Evergrande did not immediately reply to a request for comment, but chairman Hui Ka Yan told a late-night meeting on Wednesday that the top priority is to help investors redeem their products and that home deliveries should be ensured.
Protests

Angry homebuyers and retail investors launched protests in several cities in recent weeks — anathema to China's stability-obsessed ruling Communist Party.

Property accounts for 40% of assets owned by Chinese households, according to Macquarie, which means contagion from a potentially messy Evergrande collapse could reverberate beyond households and investors to suppliers and construction workers.

A crackdown on debt in the sector has ended a freewheeling era of building with borrowed money which became infamous for ghost cities and roads to nowhere.

"It is important from a social stability standpoint to make sure that Chinese retail investors get their money back and that homebuyers get their homes delivered," said Carlos Casanova, senior economist for Asia at Union Bancaire Privee.

Analysts at Capital Economics estimated that as of end-June, Evergrande still had to complete around 1.4 million properties, around 1.3 trillion yuan (US$202 billion) in pre-sale liabilities.

One woman who bought an Evergrande property in the northeastern city of Shenyang and asked not to be identified has been waiting since April 2020.

She said she is spending 3,000 yuan a month on mortgage repayments on the 600,000 yuan she has already put down but that the building site is now closed and she doubts Evergrande will make its latest delivery deadline of Dec. 30.

Meanwhile, roughly 40 billion yuan of the group's WMPs are outstanding, a sales manager at Evergrande Wealth told Reuters previously.

More than 80,000 people — including employees, their families and friends as well as owners of Evergrande properties — bought WMPs that raised more than 100 billion yuan in the past five years, the sales manager told Reuters, lured by the promise of yields approaching 12%.

Regulators summoned Evergrande's executives last month and issued a rare warning that the company needs to reduce its debt risks and prioritise stability.


- Reuters

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2021-09-24 00:49 | Report Abuse

Make Tenaga the bedrock of your portfolio

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2021-09-22 08:44 | Report Abuse

Serba ipo price RM1.50/unit...hahaha...Net asset Value RM1.05/unit

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2021-09-21 16:53 | Report Abuse

The fear of the Evergrande group’s default on repayments spreading across the globe has forced a sell-off in global markets, including India. On Wall Street, the Dow Jones tanked 1.78% on Monday while the S&P 500 fell 1.7%. While Chinese stock markets are closed for a holiday today, Hang Seng is down 3.5% since the end of last week. Similarly, Japanese equity indices Topix and Nikkei 225 are down more than 1.5% each. Evergrande, listed in Hong Kong, has dived 16.4% this week already. The stock is down 84.5% year to date.

The spill-over has also caused Dalal Street to tumble, falling nearly 1% yesterday with domestic steel stocks taking the heat. Today as well, Sensex and Nifty were under pressure, trading in the red.

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2021-09-21 16:51 | Report Abuse

@koowakzai - you are giving good advise.

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2021-09-21 16:50 | Report Abuse

On a more immediate basis, Evergrande has over $300 billion due for repayment to investors, lenders, and suppliers. “Evergrande Group’s total liability size is ~$313 billion, which is ~6.5% of the total liability of the Chinese property sector. In terms of total offshore bonds outstanding, Evergrande Group has ~$19 billion, which is equivalent to roughly 9% of the total offshore bond market and 12% of the total HY offshore bond market,” analysts at UBS wrote in a note last week. This was around the same time when China’s Ministry of Housing and Urban-Rural Development told banks that Evergrande would not be able to meet its debt obligations that started yesterday.

Even the Minister came out and declare Evergrande tak cukup duit nak bayar

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2021-09-21 16:46 | Report Abuse

Lehman filed for bankruptcy on September 15, 2008, with $639 billion in assets and $619 billion in debt with 25000 employees due to US housing bubble burst.