Parkson recovery stock…saw more people in Parkson yesterday and more will do shopping this weekend

So many cars on the road

Offer 4.55 also minority dun want to sell ma

Right now FELDA just support laaa FGV- no need to proboke proboke

Felda was required to obtain 90% of the shares it did not own from the acceptance of its takeover offer in order to trigger a compulsory share acquisition and to take the listed company private.

This means that the authority will need to have acceptance from shareholders who collectively hold 1.626 billion FGV shares and that will translate into a 95% shareholding, or approximately 3.46 billion shares in the plantation giant.

In the filing, FGV said that Felda, together with the persons acting in concert, held 2.955 billion shares representing a 80.99% stake in FGV as at 5pm today. Felda also received 455,800 shares or 0.1% from shareholders who accepted the takeover offer.

Following the unsuccessful attempt, Felda will now have to address the minimum requirement on public shareholding spread at FGV. Bursa Malaysia requires a public shareholding spread of 25%, as opposed to 19% in FGV currently.

Felda's takeover offer values FGV at RM4.74 billion or RM1.30 per share — a 71.43% discount to its 2012 initial public offering price of RM4.55 per share.

The offer, which was first announced on Dec 7, 2020 and turned unconditional on Dec 23, saw its deadline postponed three times from the original Feb 2 to March 15.

Felda's attempt to take over FGV came at the heels of plans by Felda to terminate its land lease agreement (LLA) with the latter. Under the LLA, FGV leases 350,000ha of plantation land for RM248 million per annum plus 15% profit for a 99-year period. The termination could cost Felda around RM4 billion, according to analysts.

The lower-than-expected profit earned by Felda from the LLA was one of several issues sought to be addressed by the government in the body, following a review by a special task force last year.

What is next for FGV?
The cold shoulder that Felda received from FGV minorities is seen as an indication that the offer price of RM1.30 per share was not that attractive, especially against the back of strong crude palm oil prices. The three-month futures exceeded RM4,000 to RM4,138 on Monday.

It appears that Felda will be back to the drawing board. Will the termination of LLA materialise? If so, will FGV be compensated accordingly?

More importantly, the revamp of FGV seems to have been disrupted by the privatisation exercise, said some analysts. It would be crucial to know what Felda has in the pipeline to rejuvenate the plantation group.


Furthermore, tycoon Tan Sri Syed Mokhtar Albukhary's investment vehicle Perspective Land (M) Sdn Bhd had expressed interest in injecting assets into FGV through a share swap exercise.

However, FGV on March 8 said it was not pursuing the offer, in view of Felda's takeover bid.

Adding a new twist to the slew of events at FGV, the strong rebound of MSM Malaysia Holdings Bhd's share price has fanned speculations about a major corporate exercise brewing at the sugar refinery, in which FGV controls a 51% stake, while Felda owns a 9.43% stake.

KUALA LUMPUR (March 15): The Federal Land Development Authority (Felda) has failed in its bid to take FGV Holdings Bhd private at RM1.30 per share.

This begs the question of what Felda's alternative plan is since it could not wholly own the plantation group.

Felda only obtained 81% equity interest in the plantation group as the offer closed at 5pm on Monday, according to a filing with Bursa Malaysia.

Talent will alwys be moving in and out…azrb is not serba dinamik as their business is more transparent/straightfowrd than serba dinamik

So far i have made money from having more trading wins and receive dividend income

2.5 billion needed to stay afloat.. mana nak cekau duit tu

Thanks for sharing @cheeseburger

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

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

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

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

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

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

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.

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

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

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

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)

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

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

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

All plantation stock up today. Ahmad Zaki will also benefit

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

Perstima is solid as a bull

High CPO price until 2022

6 months will complete audit with US Customs Border Control

FGV IPO price 4.55/unit

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

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.

Dialog is a cash cow

Turbelence ahead..sell make it 90 sens

Phase 4 - WIO is back on for fully vacinated

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

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

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

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

good shasring reitpulse

Toll concession have yet to go live yet

Good advise @kimsua

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

get it while it is good

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

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

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.

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.

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

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