Buy fgv before late

FGV kena bayar FELDA RM250 juta setiap tahun serta 15% dari keuntungan tahunan FGV untuk menyewa tanah ini. Oleh itu, FELDA bukan diswastakan

PH GOV SURE HELP . .NAK TAK NAK, MESTI TOLONG NI . ..



FGV, a government-linked company

What would be the price if Gov wanna takeover Fgv?



A takeover offer is not palatable at current prices given that FGV was listed at RM4.55 a share four years ago. Shareholders and especially Felda’s settlers would expect fair compensation given the underperformance of FGV’s shares since listing,” said an analyst

FELDA and its 33.67% unit FGV Holdings Bhd (formerly known as Felda Global Ventures Holdings Bhd) that the government had to step in

As at end-September 2018, FGV had deposits, cash and bank balances of RM1.48 billion, and total borrowings of RM4.2 billion.




2017 Auditor-General’s Report said FELDA and the group had institutional borrowings of RM7.8 billion and RM12.14 billion respectively.

Good to read

https://www.theedgemarkets.com/article/turkey-year-mismanagement-felda-and-fgv

KEY FOCUS AREA


• Implementation of tasking system for harvester and increase productivity from 1.4 to 1.5MT/manday.

• Complete harvesting round at 2.5 rounds per month.

• Expedite new workers recruitment to achieve 100% requirement.

• Continue replanting of 15,000 Ha in 2019.

• Mechanise 18,500 Ha in 2019 to improve man to land ratio (harvesters) from 1:20 to 1:25.

• New policy setting of ripeness standard to reduce crop rejection from 0.6% to 0.3%.

• Increase uptake of CSPO by 40% (335k MT in 2018 to 426k MT in 2019).

• Optimise manuring programme by changing fertiliser type and application process.

• Rationalise several mills until 2021 to improve utilization factor.

• Reduce CPO Production Cost (ex-mill) below RM1,500.

• Tighten procurement process involving capital and operating expenditures.

• Divestment of non-core and non-performing assets with expected proceeds of RM350 million.

• Disposal of Chuping plantation land under Sugar Sector.

• Expansion of storage capability with additional capacity of 50,000 MT in 2019.

• Manpower rationalisation by 10%.



.

Menara Felda- looking to sell at RM 1500 psf?

https://www.propwall.my/insight/3021/menara_felda

DescriptionRantau is a small town in Seremban District, Negeri Sembilan . Anything related to FGV?

Felda chairman Tan Sri Megat Zaharuddin who was appointed in July last year, had earlier revealed severe cashflow problems at the state agency, forcing Felda to

(I) restructure its RM8 billion debt and
(ii) dispose of its non-strategic assets worth RM2.2 billion.

He said the revamp strategy will include the restructuring of bank loans and disposal of some of the agency’s non-strategic assets — namely properties in London, Sabah and Sarawak.

These strategies are said to enable Felda to stabilise its cashflow in the next two years.

The White Paper on troubled plantation giant, Federal Land Development Authority (Felda) will be tabled in Dewan Rakyat on April 10.


Apart from unveiling Felda's financial standing, the much-anticipated White Paper, will, among others, focus on strategic rehabilitation plans with 31 initiatives as part of a transformation scheme, along with a turnaround plan that includes the sale of its properties


.

KWAP make a wrong investment decision to sell lately ?

Bailout 3b for 3,6b unit shares = Free money at 83sen each

https://www.malaymail.com/news/malaysia/2019/03/29/report-putrajaya-eyeing-rm3b-rescue-package-for-felda/1737665


Rm 3,000, 000,000

Gov bailout RM 3 billion

Sure naik fgv

Further to our Announcement dated 11 December 2018, the Company wishes to update that the Dubai Court of First Instance (the "Court") has pronounced its decision in favour of Delima Oil Products Sdn. Bhd. ("Delima") on 23 March 2019. The Court has ordered Safitex General Trading LLC to pay Delima the sum of USD11,699,882.59 with 9% annual interest from the date of judgment until the full settlement of judgment debt.



This announcement is dated 1 April 2019.

Good buy at current level, RM 22.30- 22.50

FGV won the suit case , received USD11,699,882.59 with 9% annual interest soon

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6113281

.




Analyst have to revise their target price soonest


27/03/2019 5.13 6.00 +0.87 (16.96%) HOLD HLG
21/03/2019 5.40 6.00 +0.60 (11.11%) HOLD HLG
18/03/2019 5.49 6.45 +0.96 (17.49%) BUY MACQUARIE GROUP
01/03/2019 5.84 6.50 +0.66 (11.30%) BUY PUBLIC BANK
01/03/2019 5.84 7.55 +1.71 (29.28%) BUY MIDF
01/03/2019 5.84 6.10 +0.26 (4.45%) HOLD KENANGA
01/03/2019 5.84 6.00 +0.16 (2.74%) HOLD HLG
01/03/2019 5.84 5.80 -0.04 (0.68%) HOLD AmInvest
01/03/2019 5.84 6.10 +0.26 (4.45%) HOLD Affin Hwang Capital






.

CIMB cont fall to RM 5.00

if not happy with Sapura, then sell

don't wait

（吉隆坡22日讯）儘管市场环境不景气，但顶级手套（TOPGLOV，7113，主板保健股）在2019財政年首6个月的销售额仍按年成长18%。

该公司於週五中午休市时段公佈2019財政年次季（截至2月28日止）业绩。

当季顶级手套净赚1亿零579万令吉，相比前期的1亿零901万令吉，按年微跌2.95%；营业额按年扬升21.03%，从前期的9亿5844万令吉，涨至11亿5997万令吉。

首6个月而言，顶级手套净利微起0.65%，由前期的2亿1446万令吉，增至2亿1585万令吉；营业额为24亿2193万令吉，相比前期18亿9656万令吉，成长27.7%。

继续阅读，请往下滑


相关新闻
4亿扩充厂房　顶级手套冀业绩再写新高
8日 • 2月前

非政府组织斥政府袒护顶级手套公司
19日 • 3月前

谨慎併购　加快建厂　顶级转向內部成长
18日 • 3月前

销售稳健　营运改善　顶级手套首季净利增4%
17日 • 3月前

股价止跌回稳　顶级发展不受影响
11日 • 3月前

业绩公佈后，该股起/跌3仙或0.67%，闭市报4.43令吉，成交量达740万股。

据文告，顶级手套在2019財政年次季亮眼的营业额成长主要归功於当季销售量按年成长16%。

此数据也比市场早前预期，全球手套需求將成长10%还要高。同时，较高的平均售价亦是该公司这次取得较好表现的一大功臣。

提高品质与效率

顶级手套执行主席丹斯里林伟才表示，持续提高產品质量及营运效率，也促成公司取得较好销售表现。

「展望未来，我们將持续拓展產能以满足全球仍在增长的手套需求。」

届时，该公司的生產线將增加至200条，手套年產量將达204亿只。

顶级手套预期，截至2020年12月该公司將拥有848条生產线以及年產量达809亿只手套的產能。

另一方面，顶级手套於2019年3月1日发行了面值为2亿美元的可转换债务，集资所得用於偿还银行债卷，预计每年可为公司省下1600万令吉现金和200万令吉的利息开销。

对於未来前景，该公司认为商业环境仍会充满挑战。

不过，顶级手套看好该行业在未来持续成长。

「手套是医疗领域中不可或缺的用品，其日趋增长的销售量也证明了这个行业不受政治局势的牵制。全球手套的需求在未来预计每天增长10%。」

annual average demand growth of 7-8% over past 5 years vs Industry growth at 10%

Oversupply concern

CIMB SALAH

potential extended losses from the acquisition of Aspion.

where got lower down ?

CIMB: Maintain ADD with a lower Target Price of RM5.08

RM 5.08 . .WOW !

KUALA LUMPUR (March 20): Top Glove Corp Bhd is confident of maintaining an average profit margin of 10%, backed by global growth in the gloves market and an increase in the group's capacity.

The group also expects to maintain its compounded annual growth rate of some 20% for revenue annually, especially on the back of an expected 33% growth in capacity for its gloves over the next two years, said Top Glove founder and executive chairman Tan Sri Lim Wee Chai.

"The industry is growing at about 10% a year, and (in) the next 10 years (it) also will grow at about the same rate," he told reporters at the Invest Malaysia 2019 forum today.

He added that new demand is coming from all over the world, as the increases in life expectancy, standard of living and standard of hygiene will boost demand in the medical, and food and beverage industries.

On the subject of latex prices, Lim said a price of between RM4.80 and RM5 is "reasonable".

"We hope the raw material price (remains) in the medium range. It cannot be too low, like below RM4 last year. It is not sustainable," he said.

Separately, Lim said the group intends to secure the certification for its condom factory and production by next month, which will enable the group to begin commercial sales immediately after.

The group began production for its own condom range in July 2018.

At 2.38pm, Top Glove was up 0.44% or 2 sen to RM4.52 with 2.3 million shares traded.

let us look fwd top glove close at / above 4.56 tomorrow

What if WCT fall below 80 sen?

Tomorrow sure up as back by high volume + RM weakening

I wondering how many actually check the fact before comments

Looking forward next week , RM 4.80

Time for short seller to BUY BACK



RSS Trade Detail for Top Glove 4/3/19-15/3/19
5,641,400
1,935,400
2,023,300
3,051,800
4,766,400
99,700
1,301,800
908,700
43,000

http://www.digitaljournal.com/pr/4210061

Medical Gloves Market Will Surge at 7.2% CAGR Up to 2025: QY Research, Inc.

https://themalaysianreserve.com/2018/05/28/maybank-to-see-negligible-impact-from-hyflux-exposure/

Maybank to see negligible impact from Hyflux exposure

https://www.businesstimes.com.sg/companies-markets/hyfluxs-uphill-task-in-selling-down-tuaspring

Maybank’s Singapore branch had provided an 18-year S$720 million financing facility to Hyflux’s Tuaspring project in 2013. Moody’s Investors Service, however, said in a statement last Friday that the potential losses to Maybank should be limited as it believes the bank’s exposure has decreased since 2013 because of loan amortisation.

SELL

GOOD BUY

.

https://www.businesstimes.com.sg/companies-markets/restructuring-of-hyflux-is-negative-for-creditors-moodys

1) .. restructuring of its S$1.5 billion debt . .

2) Maybank Singapore and its related entities are likely to be one of Hyflux's key secured creditors, Moody's noted

3) Moody's analysts believe that potential losses to Maybank should be limited

https://klse.i3investor.com/blogs/kenangaresearch/157625.jsp

wah . 73sen

EPF sold 418,800 , shares on 18/5

.


ARE THEY GOING TO PUSH UP MYEG SHARE PRICE SOON?


.

WHAT WE KNOW = EPF AND KWAP . .CAUSED THE SHARE SWING. . .

Myeg company has bought back almost 1% . .

Spend RM 40mil .. .

Still got cash to defence ?

EPF BUY BACK MYEG


http://www.bursamalaysia.com/market/listed-companies/company-announcements/5797929

Storm is coming .. T+3

Can MYEG supported at 90sen?
Let us see. .