mohdabdhalim

mohdabdhalim | Joined since 2012-06-28

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2019-04-29 14:39 | Report Abuse

T+2 sentiment maybe..

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2019-04-27 23:49 | Report Abuse

BEIJING (April 27): FGV Holdings Bhd is collaborating with PLS Plantation Bhd and three Chinese companies, to venture into durian planting.

PLS Plantation, which has recently acquired durian plantations from its controling shareholder Tan Sri Lim Kang Ho, today signed a heads of agreement (HoA) with FGV and three China-based companies -- namely Shanghai Greenland Group, ZTE Corp, and Shanghai PTSKY. The HoA will enable the four to work with PLS to venture into durian plantations and to export the fruits to China.

Through this collaboration, PLS believes that agricultural development in Malaysia will advance to another level and contribute to Malaysia's economy.

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The signing of the HoA was witnessed by Prime Minister Tun Dr Mahathir Mohamad, as well as Agriculture and Agro-Based Industry Minister Datuk Salahuddin Ayub.

Last month, PLS Plantation signed a strategic partnership agreement with Greenland to form the Greenland-PLS Joint Venture to import, sell and market durian products in China.

“Since then, Greenland-PLS Joint Venture has successfully imported products made from the fruits of many popular durian species from Malaysia, including the D197 Musang King and D24 Sultan King, consisting mainly of frozen products,” said PLS Plantaion.

PLS Plantation is confident that durians from Malaysia will be in demand. It wants to distribute to various cities in China, and expects this to contribute revenue to its durian business division.

According to trade data compiled by the United Nations, durian exports to China have been increasing by an average of 35% annually, and was estimated to be worth US$1.1 billion in 2017, versus US$243 million a decade ago.

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2019-04-26 20:39 | Report Abuse

Friday, 26 Apr 2019

5:15PM EKOVEST LIM KENG HUN (5,600,000 units Disposed)
5:15PM EKOVEST LIM SEONG HAI HOLDINGS SDN BHD (5,600,000 units Disposed)
5:15PM EKOVEST LIM KENG GUAN (5,600,000 units Disposed)
5:15PM EKOVEST LIM PAK LIAN (5,600,000 units Disposed)
5:15PM EKOVEST TAN SRI DATUK SERI LIM KENG CHENG (5,600,000 units Disposed)
5:15PM EKOVEST TAN SRI DATUK SERI LIM KENG CHENG (5,600,000 units Disposed)

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2019-04-26 10:09 | Report Abuse

Averaging down..

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2019-04-25 22:09 | Report Abuse

BEIJING (April 25): The meeting between Malaysian Prime Minister Tun Dr Mahathir Mohamad with China's top leaders today ahead of the Belt and Road Forum marked a new milestone in the story of the two countries' bilateral relationship, which looks set to deepen.

Speaking to China's President Xi Jinping at the Great Hall of the people here today, Prime Minister Tun Dr Mahathir Mohamad expressed his gratitude to the Chinese leader for making time to strengthen diplomatic ties between Malaysia and China.

His meeting with Xi came after Dr Mahathir, together with China's Premier Li Keqiang, witnessed the signing of a framework agreement today to reinstate the multi-billion ringgit Bandar Malaysia project.

Dr Mahahir and Li also witnessed the signing of two Memoranda of Understanding (MoUs) here today. The first MoU is to enhance palm oil trade and cooperation, while the second is to increase cooperation betwen the two countries in the development of industrial parks, infrastructure, logistics hub and transit-oriented developments under the East Coast Rail Link (ECRL) project.

Dr Mahathir is in China on the invitation of Xi to attend the second Belt & Road Forum that starts on Friday.

During his meeting with Xi, Dr Mahathir highlighted that his trip to China this time is to learn more about China's Belt and Road Initiative (BRI) and ideas as Malaysia is one of the countries that the BRI will pass through, adding this will have an impact on Malaysia.

He added that the BRI is particularly important as he believes that the communications between east and west would be much improved with modern technology.

"But, I would like to repeat... [and] reiterate that Malaysia and China have always been very close since many centuries ago," said Dr Mahathir.

Xi, on the other hand, expressed his appreciation to Malaysia, and described it as an important country along the ancient Maritime Silk Road and in the development of the BRI. His remarks reflect the great importance China attaches to the BRI and on bilateral relations between the two countries.

Noting that half of the 45 years of diplomatic relations between China and Malaysia was built during Dr Mahathir's term as Prime Minister, Xi commended Dr Mahathir for having made "significant contribution towards the development of China-Malaysia relations".

"Our bilateral relations is at a new starting chapter," Xi said.

"While China is making its stride towards its second century mark, your country is also striving towards a new Malaysia. Just as the subject of this forum, with BRI as an opportunity, both countries are working towards developing a bright future for China-Malaysia relations," Xi added.

Tonight, Dr Mahathir will be attending a dinner hosted by China's Li Zhanshu, Chairman of the Standing Committee of the National People’s Congress (TBC), the country's top legislative body.

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2019-04-25 16:47 | Report Abuse

Tomorrow limit down punya..

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2019-04-10 16:22 | Report Abuse

* Felda Group's financial position worsened after the listing of Felda Gobal Ventures Holdings Bhd (FGV) now renamed as FGV Holdings Bhd in June 2012. The shares were listed at an issue price of RM4.55.

* A total of RM10.5bil was raised from the listing of which Felda received RM6bil while FGV received the remaining RM4.5bil.

* In 2012, Felda posted net profit of RM5.8bil due to other income of RM4.7bil. Since then, it recorded net losses of RM2bil (2013), -RM1bil in 2014 and -RM1.1bil in 2015 and -RM700mil in 2016 and this worsened to -RM4.9bil in 2017.

* As at Dec 31, 2017, Felda's liabilities totalled RM14.4bil where RM12.1bil was owed to financial institutions.

* Between 2007 and 2011, Felda was in a net cash position at between RM1.8bil and RM3.9bil but this fell to only RM400mil in 2017.

* Felda's revenue was at RM5.9bil in 2010 while its average income was RM3.1bil due to the strong crude palm oil prices which rose to RM3,283 per tonne in 2011.

* In 2012, Felda's revenue fell to RM100mil though in 2013, it was RM200mil while in 2014 and 2015, it was RM400mil in 2014 and 2015. In 2016 and 2017, its revenue was RM700mil.

* The decline in the revenue was because FGV was unable to make contribution as much as RM800mil a year as it had anticipated before the IPO and also because CPO prices fell below RM3,000 per tonne since 2012 until now.

* In 2017, it posted net losses of RM4.9bil though CPO prices were RM2,790 per tonne compared the net profit of RM1.1bil in 2008 when CPO was at RM2,850 per tonne.

* The lend lease agreement did not provide the returns as projected when FGV was listed, instead it had a negative impact on Felda's financial position.

* The net losses of RM4.9bil in 2017 were due to the deterioration in the income from plantation operations due to the negative impact from the LLA and also purchase of assets and investments in non-strategic assets like the purchase of assets which were above market price and poor governance.

* Felda's biggest expenses from 2007 to 2017 were for the financing to the settlers and contributions to the state government totalling RM13.1bil and also staff costs of RM2.7bil.

* Felda's financial position was also impacted by the special payment of RM1.7bil to the settlers in 2012.

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2019-04-10 09:05 | Report Abuse

kompang dipaluuuu.. pengantin baru...

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2019-04-09 14:31 | Report Abuse

FGV nampak macam ada jerung ada masuk pagi sekarang masih sangkut..

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2019-04-04 12:50 | Report Abuse

White papaer kalau jadi surat khabar lamak tidak apa lagi mambang_sawit tapi kalau jadi itu kertas tisu lagi haru oo..

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2019-04-03 20:23 | Report Abuse

This counter aa.. macam itu "enjet-enjet semut"

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2019-04-02 15:02 | Report Abuse

panjat lagi panjatttt..

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2019-03-31 16:14 | Report Abuse

Welcome back mambangsawit..

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2019-03-30 23:20 | Report Abuse

The Malaysian government is considering using more than RM3 billion in funds to save another troubled official association, the Federal Land Development Agency (FELDA).

Singapore’s Straits Times quoted an unnamed insider as saying that more than RM3 billion in funds will be used to ease the pressure on FELDA’s cash flow, of which about RM1 billion will be directly injected into the agency to ease the company’s face this year and next. The problem of a shortage of RM2.8 billion in cash flow. "The government will also repay the RM2 billion in arrears owed to FELDA on behalf of the colony and allocate RM250 million to restart the suspended property projects, which are provided for the colonial next generation." The anonymous official added that many No colonial interest can be paid.

FELDA is currently trying to restructure the RM1.8 billion loan due this year, of which RM500 million will expire in May and a total of RM10 billion in loans due after 2020. At the same time, the government may provide more loans and guarantees for FELDA. As of the end of 2017, FELDA had accumulated a total loss of RM10 billion and a loan of RM12 billion.

According to the Straits Times, the FELDA White Paper (FWP) will be presented at the last meeting of Congress next month to showcase the government's plan to bring FELDA back to life. Among the plans are the sale of a number of assets that FELDA purchased at a premium during the period of Mohad Isha, such as hotels in Malaysia and London.

The new general manager of FELDA said in February that the sale of overseas hotels could raise up to RM2 billion. However, a person familiar with the matter said that the government may suspend the sale of FELDA's $550 million (about RM2,050.8 million) acquisition of a 37% stake in Indonesia's Eagle High Plant (EHP) to allow FELDA to The EHP holder, the Rajawali Group, resolved the dispute between the two parties and retrieved the funds originally invested. At present, the equity value of EHP held by FELDA is only 1/4 of the original purchase price.

In addition, the Malaysian government intends to introduce a new model of parks and rents, so that the colonization can obtain stable rental income and planting profit sharing, rather than relying solely on harvest to generate income. At the same time, this will allow the 垦 垦 to liberate from the farming of the garden and look for new jobs.

In addition, FELDA will hire a cooperative to manage the park, meaning that the colony will receive dividends. In addition, the agency will also try to solve the problem of leasing its 355,000 hectares of garden land to FGV Holdings (FGV, 5222, main board planting stocks) when it is listed. Due to high production costs, FGV's profit distribution to FELDA under the profit sharing model is only equal to the previous average annual income, which is 1/4 of RM1.6 billion.

FGV Holdings rose 4 sen or 3.51% today to close at RM 1.18, with a turnover of 13.4 million shares.

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2019-03-26 11:12 | Report Abuse

Ya kasi pam lagi..

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2019-03-25 20:01 | Report Abuse

parking dulu

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2019-03-21 15:47 | Report Abuse

Banks getting hit this morning, probably on news that the US will not raise interest rates over the next 2 years, which raises the prospect of a possible rate cut domestically.

Bear in mind, however, that the sensitivity does not take into account the fact that CIMB and HL Bank recently raised their Base Rate by 10bps while BIMB raised its rate by 13bps. As such, if there is a cut, the overall impact is more muted than forecasted.

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2019-03-20 23:20 | Report Abuse

Ya lor.. mambang sawit kasi halau sama itu biawak2 liar..

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2019-03-20 08:17 | Report Abuse

Today mungkin masih goreng sama ini kaunter..

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2019-03-14 11:52 | Report Abuse

@catchcon, please stop making funny statement. Manipulation? Speculation? Welcome to stock market world.

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2019-03-12 09:58 | Report Abuse

The government will be tabling its White Paper on Felda in the Dewan Rakyat sitting which begins on Monday.

According to Singapore’s Straits Times, the White Paper will centre around RM10billion initial public offering (IPO) of Felda Global Ventures (FGV).

FGV was listed on the KLSE in 2012 and was the second biggest IPO in the world that year with a reference price of RM4.55, second only to Facebook at the time.

Citing financial papers it claimed to have seen, the Straits Times stated that since the IPO, Felda has accumulated RM10 billion in losses and debt of RM12 billion at the end of 2017.

The White Paper on the government-linked company was initially scheduled to be tabled in Parliament on Dec 10, last year, but was pushed to the next Dewan Rakyat sitting this month.

Economic Affairs Minister Mohamed Azmin Ali said this was at the advice of the Attorney-General's Chambers due to pending legal matters.

Azmin had also said his ministry had been working closely with Felda to prepare the document in order to get an "in-depth picture of the crisis" surrounding the agency.

Meanwhile, sources told the Straits Times that the Felda White Paper will also feature several deals being investigated for abuse of power and breach of fiduciary duty.

“The most egregious of these is the decision to spend RM2.3 billion to buy a 37 percent stake in Indonesian planter Eagle High.

“Much of this investment has been written off as Eagle High's share price, already on the slide when the deal was struck in 2016, continued to plummet,” the online report further stated

It added that RM1.8billion in loans was due this year, including RM500million in May.

Former prime minister Najib Abdul Razak had last month blamed current premier Dr Mahathir Mohamad for Felda’s current financial quagmire, saying the latter drove the company to its 2012 IPO listing.
Najib alleged that Mahathir had forced Felda to find its own funding when he cut Felda funding back in 1996 when Mahathir was the fourth prime minister.

“They (Felda settlers) urged me to take proactive measures, which were to borrow funds and list FGV on the stock market to finance large-scale replanting costs, and to help the welfare of settlers.

"Had I not done so, the plants would have aged and yield would have dropped, leading to Felda's possible disappearance in one or two decades," Najib had said.

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2019-03-11 15:13 | Report Abuse

NAIM main gelongsor yuhuuu..

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2019-03-08 09:05 | Report Abuse

sappuuu.. sappuuuuu..

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2019-03-07 15:02 | Report Abuse

Tenang.. tenangg... air yang tenang jangan disangka tiada buaya..

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2019-03-07 14:45 | Report Abuse

sapu.. sapu..

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2019-03-06 19:21 | Report Abuse

When presentation of the FGV white paper?

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2019-03-05 10:53 | Report Abuse

sarawakian63 Bah! Sarawak state bukan still under BN / GPS ka? NAIM also local company.

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2019-03-03 20:28 | Report Abuse

Welkam back @mambang_sawit

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2019-03-03 11:04 | Report Abuse

KUANTAN, March 2 — With palm oil prices facing pressure in international markets, the government is recommending that oil palm planters and smallholders consider other types of commercial crops with better market prospects.

Primary Industries Minister Teresa Kok Suh Sim said potential commodity crops with high demand include coconuts, pineapples and bamboo.

She said the fall in palm oil prices last year had affected many smallholders and only a few large planters were able to profit from the sale of the commodity.

“A few companies have started to move away from oil palm to coconuts. The planting of coconuts can be profitable as every year, Malaysia imports a lot of coconuts to meet demand.

“Therefore, this (planting coconuts) is something worth trying, as well as other crops such as pineapples and bamboo, which are planted in Pos Lenjang, Cameron highlands, and can be used to make various goods,” she said.

The minister said this at the launching ceremony of The Valley@Bentong development project here today.

Also present at the ceremony were Bentong Member of Parliament Wong Tack, Bina Puri Holdings Bhd (Bina Puri) chairman Tan Sri Ir Wong Foon Meng and Bina Puri group managing director Tan Sri Tee Hock Seng.

Meanwhile, Kok said the Federal government, in cooperation with the state governments, had ceased opening up new areas for oil palm plantations.

“Oil palm players also have an important role to play in giving the sector a new image to re-attract global customers, especially in Europe.

“This includes intensifying replanting activities and contributing to wildlife conservation, which are two of the major issues constantly raised at the international level,” she added. — Bernama

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2019-03-01 20:10 | Report Abuse

@Daily8 Hahaha.. me too..

Re:
@Daily8 henry888, I actually hope it will fall more so that I can collect at cheaper price. Sigh

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2019-03-01 09:46 | Report Abuse

@Jiahui Yes.. FGV pun mau window dressing juga..

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2019-02-28 23:01 | Report Abuse

FGV next sentiment is 'window dressing'.. ;)

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2019-02-28 20:38 | Report Abuse

KUALA LUMPUR (Feb 28): FGV Holdings Bhd said it has undertaken the worst of its impairments during the financial year ended Dec 31, 2018 (FY18) and does not expect any more major impairments of a similar scale to be made in the current financial year.

FGV group chief executive officer Datuk Haris Fadzilah Hassan said the group's total impairment for FY18 amounted to RM966 million, largely due to significant impairments related to three companies, namely Asian Plantation Ltd, FGV Green Energy Sdn Bhd and Cambridge Nanosystems Ltd.

He said the impairments related to the three companies totalled over RM700 million out of the total impairment for the year, which had dragged its financial results for FY18, despite making good progress in its turnaround plan.

"We have taken a lot of impairments last year, so hopefully FGV's performance in 1QFY19 will reflect more of the results of our turnaround initiatives," he told the media at a briefing following the release of the group's 4QFY18 results today.

Haris said FGV will hopefully be free of its legacy issues in 1QFY19, adding that there will no longer be any more big impairments in the current financial year.

"I don't think there will be an impairment of this size. This has been a milestone in FGV's history. A lot of the investments put in post-IPO did not give the kind of returns that were expected at the time of investment," he said.

Meanwhile, Haris said there will be some impairments this year related to the Malaysian Financial Reporting Standards 9 (MFRS 9) regulations regarding accounts receivables.

Asked if the group could return to the black in FY19, given that most of the impairments have been done, Haris said: "That's the whole point of the turnaround plan. If the financials don't improve I would be out of the job."

http://www.theedgemarkets.com/article/no-more-major-impairments-ahead-says-fgv

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2019-02-28 16:42 | Report Abuse

@henry888 yes, as I mentioned this afternoon. After QR and once FGV reached the support line, we can consider to buy this FGV, again depending on the current issue like FELDA white paper & ECRL project. Just wait & see lorrr..

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2019-02-28 15:30 | Report Abuse

FGV sudah bagi signal last Monday.. either you want take profit or cut-loss saja..

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2019-02-28 15:05 | Report Abuse

Biawak2 sudah mari.. hoi hoya hoi..

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2019-02-28 14:17 | Report Abuse

Errr.. ari tu sapa cakap insider rumors Q4 is +ve? hehe.. cannot be la +ve..

http://fgv.investors-centre.com/new-announcement.htm?NewsID=201902286600004&Symbol=5222

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2019-02-28 14:14 | Report Abuse

FGV 4Q net loss at RM209m versus RM50m net profit a year earlier

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2019-02-28 12:07 | Report Abuse

After QR and reach the support line, can consider to buy this FGV, again depending on the current issue like FELDA white paper & ECRL project.

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2019-02-28 10:32 | Report Abuse

Bila QR announcement? haha.. mau basi sudah bulan Feb

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2019-02-27 20:59 | Report Abuse

KUALA LUMPUR (Feb 27): FGV Holdings Bhd (FGV) rose as much as 6.89% in active trade today after International Trade and Industry Minister Datuk Darell Leiking met his Norwegian counterpart in talks that would include a sustainable palm oil deal.

At 12.09pm, shares of FGV pared some gains to trade at RM1.20 — still up four sen or 3.45%. The counter was one of the most actively traded stocks with 13.51 million shares done. FGV's share price has recovered 66.67% year to date.

Bloomberg reported yesterday that Norway's Trade Minister Torbjorn Roe Isaksen met Leiking in Kuala Lumpur.

Trade talks between Norway (through the European Free Trade Association) and Malaysia, which started in 2012, was at risk of being derailed after Norway decided to ban imports of non-sustainable palm oil.

"Norway, western Europe's largest producer of oil and gas, has set a target of 20% biofuel within 2020. That has made Norway a large importer of palm oil, raising concerns among lawmakers about the risk of deforestation in countries such as Indonesia and Malaysia.

"In December, parliament decided to put a ban on imports of non-sustainable palm oil as feedstock to biofuels within 2020, driving a potential wedge into the ongoing trade talks," it added.

According to the Malaysian Palm Oil Board (MPOB), Malaysia's palm oil stockpiles at the end of January fell 6.7% from a near two-decade high at end-December, to around 3 million tonnes.

January stocks in Malaysia, the world's second-largest palm oil producer and exporter, declined for the first time in eight months, falling 6.7% to 3.001 million tonnes, data from MPOB showed.

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2019-02-26 23:32 | Report Abuse

@sharinginfoz ya I agree with you. On the FA, FGV already reached the NTA price at RM1.30 and based on my current TA analysis, could be another downtrend wave.We have two options, either you want to take profit or cut loss. Macam mambang_sawit cakap "there is nothing wrong to take profit. Trade wisely and better be on the safe side" Ya lor! At the end, we will take charge on our financial portfolio.

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2019-02-26 16:30 | Report Abuse

da bao / tapau ler..

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2019-02-26 11:33 | Report Abuse

Biawak-biawak sudah keluar.. suhhh... suhhh...

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2019-02-26 09:45 | Report Abuse

QR announcement today ka? Anybody know?

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2019-02-25 10:29 | Report Abuse

QR announcement tomorrow ka? 26 Feb..

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2019-02-21 17:41 | Report Abuse

Depending on QR on tomorrow, if bad result will definitely create massive selldown/profit taking. Just my 2cents..

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2019-02-20 18:51 | Report Abuse

@Nora Oct - Dec'18 FGV stock performance pun downtrend + resignation of Datuk Zakaria Arshad as the group president and chief executive officer FGV = Q4 boleh +ve meh?

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2019-02-20 17:49 | Report Abuse

@fattchoi88 Expected this Friday