Look like everyone is still hoping for a higher GO. I would think this will not happen. They maybe just let it suspended and your share will be stuck there. Lots of company which does not follow the requirement will at the end de-listed by bursa and they keep mentioning about their intention not to maintain listing. Good luck.
I sure hope Bursa suspend them asap. Now they are doing nothing like a lame and cacat regulator. Also hope somebody make FGV an election issue on how Felda has ripped off investors, shareholders, pakciks and makciks settlers.
Haha, price movement so manipulated and fake. With palm oil price and other plantation counter going up again, FGV is going back down to its previously failed GO price of RM1.30 back in early 2021. Obviously using friendly party accounts to depress share price by parking large sell orders to entice weak holders to sell to friendly parties parking at the buy side. Typical scaremongering and manipulating tactics parking on both sides using different cds accounts to collect cheaply. Don't fall for such tricks. Collect cheap and beat them at their own game. Bursa and SC, as you watching and learning how they do manipulation?
Fake show on again. Matching in 100 units or sudden withdrawal of large sell or buy orders without any matching. Felda controls more than 80%. They will manipulate however they want to for their evil motive of enticing balance minority shareholders to sell cheap. Don't let them win. Just hold on to your shares or buy more.
I know another GO is a matter of time but don't know when. Because Felda has said many times die die they want to delist it. I suspect the new GO will be at least RM1.50 but don't know how much. Because anything less will fail again just like in early 2021.
Malaysia’s crude palm oil (CPO) stocks rose 2.63 per cent to 1.31 million tonnes in October 2022 from 1.28 million tonnes in the previous month on higher production, according to the Malaysian Palm Oil Board (MPOB).
In a statement today, it said processed palm oil inventory grew 5.11 per cent month-on-month (m-o-m) to 1.09 million tonnes from 1.04 million tonnes in September 2022.
"The total palm oil stocks expanded 3.74 per cent to 2.40 million tonnes from 2.32 million tonnes previously,” it said.
On production, MPOB said CPO output was 2.44 per cent higher at 1.81 million tonnes in October 2022 versus 1.77 million tonnes in September 2022
MPOB said CPO imports in October 2022 rose 4.74 per cent m-o-m to 6,601 tonnes against 6,302 tonnes in the previous month while total palm oil imports contracted 49.85 per cent m-o-m to 66,349 tonnes from 132,303 tonnes in the preceding month
Old article but still good to show what useless and lame regulator we have. Can allow them to drag their feet and take their own sweet time eventhough have rejected their extension months ago. What's the point Bursa and SC? Is there a deadline?
FGV Holdings Bhd is expecting to close out 2022 with a strong annual result on the back of improvements in its operating performance.
According to the plantations group, the sector is expected to remain resilient in 4QFY22 with a flat crude palm oil (CPO) production projection of 18.3 million tonnes.
It added that CPO prices are expected to average about RM4,000 per tonne in the final quarter despite increased supply from seasonally higher fresh fruit bunch (FFB) output as well as stockpiles in exporting countries such as Indonesia.
"Our improved operating performance for 9M FY2022 is mainly attributed to higher palm product margins due to higher CPO price realised and higher throughput and tonnage carried by the Logistic Sector," said FGV group CEO Datuk Nazrul Mansor in a statement.
For the nine months ended Sept 30, 2022, FGV recorded a net profit of RM984.93mil, a 40.15% increase over the same period in 2021.
Earnings per share for the three quarters was 27 sen, up from 19.26 sen in the 9MFY21.
The group's revenue rose to RM19.46bil, 45.34% improved year-on-year (y-o-y).
Despite the year-to-date earnings growth, the group's 3Q net profit was 39.4% lower y-o-y at RM241.67mil due to losses incurred in the sugar sector and lower CPO and processed palm oil sales volume in the plantation sector.
The group's revenue was 16.3% higher y-o-y at RM6.18bil on the back of the higher average CPO prices realised.
FGV Holdings Bhd registered a near 40% year-on-year fall in net profit in the third quarter ended Sept 30, 2022, dragged down by losses incurred in its sugar producing business. Net profit fell to RM241.67 million from RM399.39 million a year ago, although revenue grew 16% to RM6.18 billion from RM5.32 billion, thanks to higher palm oil prices. The group, which controls a 51% stake in MSM Malaysia Holdings Bhd, said the sugar segment suffered an erosion in margin mainly attributable to high input costs of raw sugar, freight, natural gas and the weakening of the ringgit despite the increase in overall average selling prices. Its plantation segment was also affected by lower fresh fruit bunch production, and increase in manuring and labour costs as a result of the minimum wage implementation.
Today beside Energy and Techs, Plantation counter also did well. So, beside FKLI Dec Future Index, Mabel also secured FCPO Jan 2023 Future Contract. Another gap-up happened yesterday which validated earlier bullish expectation FCPO despite current weak price action.
Mabel took the opportunity to buy 1 Contract at RM 4080 today. Currently it is trading at RM 4117 with continuation to trade above the 10 EMA average lines suggesting the overall momentum remains elevated. This is great as it represents profits to Mabel’s FCPO trading account. She expects the FCPO to continue to trade higher in the near term.
She plans to lock her profit between RM 4,365 and RM 4,495. There will be enough Mabel Oil for everyone for Next Year Chinese Year..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....