http://www.klsescreener.com/v2/news/view/518643/%E6%96%B0%E5%B8%85%E4%B8%8A%E4%BB%BB-%E4%BB%96%E8%83%BD%E5%90%A6%E5%B8%A6fgv%E6%8E%A7%E8%82%A1%E9%87%8D%E8%A7%81%E6%9B%99%E5%85%89

FGV naik RM 1.30 tomorrow

http://www.enanyang.my/news/20190421/%E5%9C%9F%E5%B1%95%E5%B1%80%E7%A7%9F%E7%BA%A6%E5%BC%8F%E7%AE%A1%E7%90%86-br-%E6%8F%90%E9%AB%98%E4%BA%A7%E9%87%8F%E5%A2%9E%E5%8A%A0%E6%94%B6%E5%85%A5/


FGV ,coming.

KUALA LUMPUR, April 19 — The Ministry of Agriculture and Agro-based Industry (MoA) in collaboration with the Ministry of Economic Affairs will undertake a RM1 billion cash crop project to help restore Felda’s financial health within five years.

Its minister, Datuk Salahuddin Ayub said the decision was made at the meeting of the National Physical Planning Council (NPPC) yesterday with Economic Affairs Minister, Datuk Seri Mohamed Azmin Ali who tabled the new approach.

"To restore Felda’s financial position, perhaps a quarter of the RM1 billion be used to start the project. Indeed these two ministries must cooperate in this effort.

“The MoA has the expertise through agencies such as MARDI (Malaysian Agricultural Research and Development Institute) and FAMA (Federal Agricultural Marketing Authority) which will take on the role of helping Felda and making the cash crop concept a success,” he told a news conference after a Town Hall session with MoA customers, here, today.

Describing the measure as a big challenge for his ministry, Salahuddin said the secretary-generals of both ministries would start the discussion while further measures would be taken at the ministerial level to help Felda increase its income.


On April 10, Mohamed Azmin had tabled the Felda White Paper themed ‘Towards Felda’s Sustainability’ in Parliament which explains the issues faced by Felda and its restoration plan to win back public confidence in the agency and to safeguard the interest of the settlers.

Salahuddin who earlier attended the Meet-the Customers programme organised by FAMA, said he received various feedback from local entrepreneurs towards helping this group expand their businesses.

He said FAMA needed to improve the online business platform, www.agrobazaar.com.my, “as online sale is the trend now and has high potential to assist local entrepreneurs market their products at a higher level”.

Meanwhile, FAMA chairman, Ishak Ismail said sales via the agrobazaar portal reached RM4.5 million last year involving 4,840 registered marketers.

“Online marketing is a popular sales medium now due to the fast and convenient transactions with delivery service also provided,” he added. — Bernama

physical buying of palm oil and palm oil products among Muslim countries, including some provinces in China would increase as the fasting month of Ramadan nears

1.23

121/122

KUALA LUMPUR – Felda Properties Sdn Bhd (Felda Properties) tidak menerima sebarang tuntutan sebanyak RM4 juta seperti yang didakwa oleh syarikat Abu Johan Aboo Backer (AJAB).

Ketua Pegawai Eksekutif Kumpulan FGV Holdings Berhad (FGV), Datuk Haris Fadzilah Hassan berkata, syarikat tersebut merupakan kontraktor kepada Felda Properties yang dilantik untuk menyiapkan baki kerja-kerja Projek Perumahan Warga Felda di Chuping, Perlis yang gagal disiapkan oleh kontraktor utama, Gema Kukuh Sdn. Bhd.

“Namun pihak AJAB didapati telah melanggar syarat-syarat dalam perjanjian kontrak sehingga kontrak syarikat berkenaan ditamatkan oleh Felda Properties pada 9 Julai 2018,” katanya dalam kenyataan.

Felda Properties merupakan anak syarikat FGV.

Kenyataan tersebut dikeluarkan bagi menjelaskan dakwaan AJAB bahawa FGV telah gagal melangsaikan baki bayaran RM4 juta yang tertangguh sejak sembilan bulan lalu selepas kontrak syarikat itu ditamatkan.

Menurut pengarah syarikat AJAB, Abu Johan Aboo Backer, sekiranya gagal mendapatkan bayaran itu, pihaknya tidak menolak untuk membawa perkara tersebut ke mahkamah.

Menurut Haris, sebagai syarikat yang bertanggungjawab, FGV hanya akan memenuhi tuntutan yang sah dan mematuhi syarat-syarat kontrak.

Tambah beliau, Projek Perumahan Warga Felda dimiliki Felda manakala Felda Properties telah dilantik sebagai konsultan untuk menguruskan projek berkenaan.

Katanya, FGV melihat kenyataan media yang dikeluarkan AJAB sebagai dakwaan tidak berasas dan ia memberi kesan
negatif kepada syarikat. – MalaysiaGazette

https://malaysiagazette.com/blog/2019/04/18/felda-properties-tak-terima-tuntutan-ajab-langgar-syarat-kontrak-fgv/

Felda Properties tak terima tuntutan, AJAB langgar syarat kontrak – FGV

GOOD FOR FGV AND CPO RELATED COMPANIES

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6130565


First time saw KWAP bought FGV after months.



.

China 'keen' to buy more Malaysian palm oil

Read more at https://www.thestar.com.my/business/business-news/2019/04/18/china-keen-to-buy-more-malaysian-palm-oil/#TZtJggDmRMlSCSmM.99

.


Share price naik, despite kena sued by MULTAZAM DEVELOPMENT SDN. BHD .



.

根据现在的土地租赁合约，自2012年起，FGV需要支付每年2.5亿令吉的固定租赁费，为期99年。惟在2012年谈判土地租赁合约时，原棕油价格为每吨2千843令吉，而截至本月10日，原棕油价格已降至每吨2千零47令吉。

此外，FGV也承诺向FELDA支付15%的房地产利润。作为一家上市公司，FGV对土地租赁合约的任何拟议修订，都需要寻求股东的批准。

the LLA, FGV is required to pay a fixed lease payment of about RM250 million per year for 99 years, commencing from 2012. The RM250 million is paid irrespective of prevailing crude palm oil prices. In 2012 when the LLA was negotiated, average CPO price was RM2,843 per MT. CPO price on 10 April 2019 was RM2,047 per MT.

Additionally, FGV has committed to pay FELDA a 15% share of estate operating profits. For the total sum FGV has paid FELDA after its listing, see table below.

http://www.klsescreener.com/v2/news/view/516273/commodities-japan-looking-to-secure-malaysian-cpo

Commodities: Japan looking to secure Malaysian CPO

JAKARTA: Indonesia's Rajawali Group on Tuesday denied that its PT Eagle High Plantation Tbk BWPT.JK unit was pursuing legal action over Malaysian palm oil plantation agency Felda's plan to walk back on a US$500mil purchase of a stake in the unit.

"Felda and Rajawali, or any subsidiary of Felda or Rajawali, are not or have never been engaged in any court proceeding," Rajawali said in the statement.

A Malaysian official last week said that Eagle High had decided to contest Felda's decision to walk back from its purchase of the stake in arbitration. - Reuters
Read more at https://www.thestar.com.my/business/business-news/2019/04/16/eagle-high-says-not-taking-legal-action-against-felda/#6KDTemMAHA3flBBK.99

FGV and has upgraded the stock to “buy” with a target price of RM1.75.

The stock trades at 0.9 times book [value] or -1 standard deviation since 2015, and is the lowest in our Malaysian plantation universe. FGV is our top pick for the sector

Next support at 1.20 - FGV

Bad for FGV ?


FGV is required to pay a fixed lease payment of about RM250mil per year for 99 years, commencing from 2012


Additionally, FGV has committed to pay Felda a 15% share of estate operating profits

Read more at https://www.thestar.com.my/business/business-news/2019/04/13/fgv-sees-urgent-need-to-discuss-land-lease-deal/#sKOXPjhsW8CoBpbC.99

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Will profit taking continue tomorrow on FGV ?


Support at RM 1.20 ?

.

profit taking.. .

Profit taking. . . 127 /128

Tomorrow challenge 1.38 -1.40 range .

80sen?

PAKATAN HARAPAN MESTI TANGKAP NAJIB DAN SITAKAN KESEMUA HARTA KELUARGA NAJIB serta merta !

https://www.theedgemarkets.com/article/azmin-ali-claims-almost-rm3b-used-buy-support-ge14

About RM2.7 billion of the RM10.5 billion generated from the listing of FGV Holdings Bhd was misused to secure political support ahead of the 14th general election

In 2014, Rajawali's net capital asset was only US$7.2 million. How can Rajawali buy back the EHP stake at US$505.4 million

https://www.theedgemarkets.com/article/rajawali-blocking-felda-exercising-put-option-ehp-deal-%E2%80%94-azmin-ali

For a start, a total of 3,000 settlers in the Segamat region have received settler loan statements in this new format before being implemented in other Feldas

why keep selling down ni . ..

Felda only received an average of RM400 million a year from FGV, as opposed to RM800 million required per year in the minimum to manage the plantation and to ensure the livelihood of the settlers," said Mohamed Azmin

Mohamed Azmin added Federal Land Development Authority (Felda) will restructure payment of principal and delay of loan payback amounting to RM1.98 billion in 2019, and balance of payment worth RM9.3 billion scheduled for payment between 2020 and 2028.



https://www.theedgemarkets.com/article/highlights-white-paper-felda-group

https://www.theedgemarkets.com/article/feldas-2019-debt-repayment-seen-rm25b-if-loans-failed-be-restructured

Felda's 2019 debt repayment seen at RM2.5b if loans failed to be restructured

Kerajaan telah bersetuju untuk
memberi bantuan kewangan sebanyak RM6.23
bilion berbentuk geran, pinjaman dan jaminan
kerajaan secara berperingkat mengikut keperluan
bagi melaksanakan inisiatif-inisiatif di atas

Kerajaan Pakatan Harapan
bertekad untuk menyiapkan 4,794 unit rumah yang
tahap kemajuannya 70% dan ke atas. Untuk tujuan
ini, Kerajaan meluluskan sebanyak RM250 juta bagi
tahun 2019.

Kerajaan
bersetuju untuk menghapuskan kadar faedah di atas
Pinjaman Sara Hidup dan Pendahuluan Hasil yang
dibebankan kepada peneroka. Bantuan Kerajaan ini
dianggarkan berjumlah RM2 bilion.

Untuk mendukung usaha FELDA, Kerajaan
bersetuju memberi Jaminan Kerajaan (Government
Guarantee) bagi membolehkan FELDA
menstrukturkan semula pinjaman dengan institusi
kewangan

.


DBS upgrade FGV with BUY CALL @ RM 1.75



.

Government guarantee loan to Felda ..

.


Felda to restructure RM 9.3 bil debt due in 2020 through 2028 – refinancing ni


.

.

Felda will pay RM 1.98 bil in 2019 - thank you PH Gov

.

.

Felda will pay RM 1.98 bil in 2019 - thank you PH Gov


.

http://rtmparlimen.rtm.gov.my/

Watching live. . .

.





Felda is to *receive RM6.2bil* in stages from the Government



https://www.thestar.com.my/business/business-news/2019/04/10/govt-to-provide-rm6bil-aid-to-felda/



.

KUALA LUMPUR: Felda is to receive slightly more than RM6bil in stages from the Government as it restructures its operations and strengthens its governance in order to improve the fortunes of the agency and its settlers.

It is understood that in the White Paper, Felda will get that sum of money from the Government in the form of grants, loans and guarantees in order to resolve the immediate needs of the agency and establish a viable direction for the company and settlers.

A sum of around RM2.4bil will be in loans to restructure Felda’s loans and RM2.1bil will be a grant to clear the settler’s interest for loans over the next 15 years.

More than RM200mil will be used to complete housing needs for second generation Felda settlers and close to RM500mil will be paid to help with living costs and future income.

Felda will also be branching out to cash crops to improve its earnings and that of settlers and to make the transition to the planting of cash crops, around RM1bil would be given to settlers to make their changeover to new cash crops.

The financial performance of Felda has been on a downward slide ever since its floated FGV Holdings Bhd in June 2012 on Bursa Malaysia. Losses mounted and its debt grew to a level where intervention by the Government became essential.

Felda had been dragged down too by questionable investments especially in properties of hotels by its investment arm Felda Investment Corp Sdn Bhd (FIC) with criticism being raised over the discrepancies in valuations.

It was reported that FIC's purchase of a four-star hotel in Kensington, London, in December 2014 for RM330mil was allegedly three times the actual price of the property.

FIC had also purchased Merdeka Palace Hotel and Suites in Kuching for RM160mil, which allegedly was some RM50mil above market value.

Former Felda chairman Tan Sri Mohd Isa Abdul Samad has claimed trial to criminal breach of trust (CBT) and nine counts of bribery involving more than RM3mil over the purchase of the hotel in Kuching.

Another controversial deal completed in April last year was Felda’s purchase of a 37% stake in loss-making Indonesian planter PT Eagle High Plantations Tbk for US$505.4mil from the Rajawali Group
Read more at https://www.thestar.com.my/business/business-news/2019/04/10/govt-to-provide-rm6bil-aid-to-felda/#6eCm504LhC5r1lpc.99

*AllianceDBS has upgraded FGV to a “buy” with a DCF-based target price of RM1.75*

Read more at https://www.thestar.com.my/business/business-news/2019/04/10/quick-take-fgv-upgraded-at-alliancedbs-shares-up-nearly-5pc/#tQq9aiA9VrUyKU3e.99

fgv C63 , apa tu?

131 break up

next move 138 -140

Let us see can breakup 1.31 or not