Posted by Ring > 2018-08-30 07:48 | Report Abuse

FGV : moving away from O&G ... we have this one more giant-IPO at HIGH level, and yesterday it gapped down due to losses reported in QR. FGV is such a huge company, assets-rich ... but so badly managed. With corruption in BN-level as one of the highest level crook in the world, these companies bleed to those greedy politicians and gang. So ... no matter how much cash or assets they owned, I guess ... we as retailers should just avoid such companies.

Those above are four giants ... GLCs and were KLCI-linked. Sad to see such large companies ...listed just to suck out funds from capital markets. Yet, many retailers dived in without any comprehension and lost/losing their investment funds.

From O&G and Plantation ... let us check UEMS (property-sector) and STAR (Media ... you should check Utusan being in PN17).

Posted by Ring > 2018-08-30 07:54 | Report Abuse

https://klse.i3investor.com/m/blog/cpteh/171862.jsp

Posted by British_better > 2018-08-30 09:31 | Report Abuse

RM weak means govn weak whether PH or BN.

Posted by mcmann > 2018-08-30 09:47 | Report Abuse

RIng, as u can see the price even gap down it is still very well supported as of today even news keep coming out in media saying how bad this QR. I believe goverment is doing its work to help out FGV or the palm industry.

Posted by Ring > 2018-08-30 10:18 | Report Abuse

I dont belief in talking nonsense but the facts. Remember! Fgv cannot be saved. Felda sure take back d land n from there keep guessing????????????

Posted by mcmann > 2018-08-30 10:44 | Report Abuse

FGV cannot be saved ?

Posted by 一卖 就涨 > 2018-08-30 14:24 | Report Abuse

who dare to buy a company's share which is full of corruption

Posted by jordanmaggie61 > 2018-08-30 14:43 | Report Abuse

Good news incoming, oh yeah !

Posted by British_better > 2018-08-30 17:03 | Report Abuse

PH/BN both no use. Back to British how?

Posted by henry888 > 2018-08-30 17:20 | Report Abuse

Of course Government would save GLC companies. But the matter is our country already in the high debt.

Posted by Ring > 2018-08-30 20:36 | Report Abuse

http://www.theborneopost.com/2018/08/30/fgv-to-investigate-several-business-practices/

Posted by Ring > 2018-08-30 20:38 | Report Abuse

FGV added it was forecasting its full-year oil palm fresh fruit bunch yields at 17 tonnes per hectare, below its initial target of 17.5 tonnes and the national industry average. It expects yields to rise above 20 tonnes next year on improvements in agricultural practices and aggressive replanting. — Reuters

Posted by Ring > 2018-08-30 20:42 | Report Abuse

☝️aggressive replanting palms start fruiting after 5 yrs of planting n they are talking of 20 mt which is below d yield of 1970s'. Today shd be talkibg of 25mt based on present high yielding seedlings thats why i always these lazy fellows are not in oil palm buisness. At 20 mt with minimum wage at 1500 oil palm industry will collapse

Posted by Ring > 2018-08-30 20:44 | Report Abuse

☝️talk talk talk n they have been talking for the last 61 yrs n quietly robbing until bankrupt

Posted by mcmann > 2018-08-31 08:17 | Report Abuse

Thanks for the input Ring and Chua, appreciate it !

Posted by risktransformer > 2018-08-31 09:53 | Report Abuse

Waahh!! So many bad news..... mayb will drop to RM1.48 next week (see want to cut-loss or not).

Posted by Jeffreyteck > 2018-08-31 11:27 | Report Abuse

Not easy to reverse at this moment.

Posted by mcmann > 2018-08-31 16:00 | Report Abuse

i also see many plantation stock not doing well this QR so relax a bit, but FGV case bro ring and chua has explained it in details. hold or sell own decision

Posted by dam82 > 2018-08-31 18:23 | Report Abuse

I had to eat my own words ...it's just terrible ..half of their plantation above 20 years that's s surprise ...Agree either hold or sell ..I doing both

Posted by Ring > 2018-08-31 19:43 | Report Abuse

dam82:
1.Directors collect fat remuneration n talking to convince their bosses n actually they r taking shareholsers for a ride.
2."Agreesive replanting" is a fugure of speech, after replanting u dont see d fruits overnight. It takes 5 yrs to give fruits.
3.At the end of 5th of planting the yield must be about 23mt and within 1 yr d sale of fruits etc must recover d replanting cost otherwise they take from reserve funds or bank borrowings, remeber replanting cost is very high.
4.Oil palm buisness started since 1920 n now with all the special genes (high yielding seedlings) they shd talk of at least 23mt but hahaha talking of 20mt n minumum wage is coming.....dooooomsday

Posted by Ring > 2018-08-31 20:16 | Report Abuse

Patriotism means "hard work & dedication" but i am seeing only robbers....

Posted by Chua Joe Beng > 2018-08-31 20:29 | Report Abuse

The Land Lease Agreement (LLA) imposed on FGV with FELDA & FELDA purchased of 37% PT. Eagle High Plantations is really not gud for FGV.

Posted by dam82 > 2018-08-31 21:06 | Report Abuse

The average year of the tree was indeed a surprise since if I look at analyst coverage by 2020 FGV average tree would be below 5 years which means FGV would have a young age tree with optimum yield but now it’s a complete different story ,

Indeed had some lost but heck .. sometime we do stupid decision …. Nothing can save FGV and the way I look it’s a penny stock .. unless there is some positive direction from the management which I highly doubt ..

Posted by Chua Joe Beng > 2018-08-31 21:16 | Report Abuse

I see very bad replanting strategy. Fyi, ffb production from a 5 yrs old tree can only yield (13 to 20) tons yph. Optimum production of a palm tree is at age 8yr to 10yr whereby they can produce (24 to 30) tons yph.

Posted by dam82 > 2018-09-01 19:57 | Report Abuse

In theory, Felda has given FGV a shocking state of (old palm age profile) land, with FGV having to spend about RM300mil per year to enhance it. At the end of the 99-year lease, Felda, in turn, will be getting back a high-quality piece of estate land. So, what will FGV get in return out of this?
Read more at https://www.thestar.com.my/business/business-news/2018/09/01/azhar-eventually-fgv-will-need-to-raise-funds/#zRRSP2DwEQze6kdS.99

Posted by shortinvestor77 > 2018-09-01 20:36 | Report Abuse

Right issues coming:
https://www.klsescreener.com/v2/news/view/425472/azhar-eventually-fgv-will-need-to-raise-funds

Posted by dam82 > 2018-09-01 20:48 | Report Abuse

I think it will be highly likely via sukuk ..anyway in could be wrong as well again..but keeping an open mind with FGV ..

Posted by Kedahan > 2018-09-01 21:02 | Report Abuse

Anwar return as MP in time for Budget 2019? How abt FGV privatisation under Budget 2019?

Posted by Kedahan > 2018-09-01 21:02 | Report Abuse

Anwar reiterates he may return to Parliament in October
https://www.malaysiakini.com/news/441167

Posted by Useless > 2018-09-02 21:33 | Report Abuse

Why FGV drop after Azmin Ali Minister of Economic Affair appointment?

Posted by Useless > 2018-09-02 21:33 | Report Abuse

They're jealous of me, says Azmin of his PKR enemies
https://www.themalaysianinsight.com/s/92620

Posted by PH_Govn > 2018-09-03 05:51 | Report Abuse

Not easy to be PM now: Anwar
http://www.thesundaily.my/news/2018/09/02/not-easy-be-pm-now-anwar

Posted by dam82 > 2018-09-03 09:24 | Report Abuse

Gone case completely ..

Posted by carilembu > 2018-09-03 09:26 | Report Abuse

More worms coming out of the can...

Posted by Ring > 2018-09-03 09:33 | Report Abuse

From day one, I have been telling this is a dead wood n soon without land all taken back by felda

Posted by paktua73 > 2018-09-03 10:13 | Report Abuse

paktua manage adds at 1.47
manage avrrge down more

tut tut
will wait 3rd entry last call

Posted by pilato > 2018-09-03 13:54 | Report Abuse

can go up one,paktua73

Posted by abcb > 2018-09-03 16:05 | Report Abuse

May propose right issue to pay for huge bank loans

Posted by risktransformer > 2018-09-03 16:41 | Report Abuse

Sold some at RM1.50 (reduce risk).

Posted by Ring > 2018-09-03 17:16 | Report Abuse

KUALA LUMPUR: Syed Mahdhar Syed Hussain has been appointed FGV Holdings Bhd's chief transformation officer to lead the group's turnaround plan.

At a briefing today, it was announced that Syed Mahdhar will helm the group's Transformation Office, which was set up in April this year to review and assess the group's performance.

In its preliminary findings, the Transformation Office reported "serious issues at multiple levels within the organisation, ranging from poor work discipline, operational inefficiencies and leakages".

The unit is due to submit its final report on its findings within the next few weeks.

Further to the turnaround plan, in July, FGV's board of directors set up a three-member special board committee (SBC) to work closely with management to deliver on the group's transformation, comprising Datuk Wira Azhar Abdul Hamid, Datuk Dr Salmiah Ahmad and Dr Mohammed Nazeeb P.Alithambi.

The group also said at the briefing that, in line with enhancements to its plantation operations, it has set a fresh fruit bunch (FFB) yield target of 20 metric tonnes per hectare for FY19.

For the first half of 2018, FGV recorded a FFB yield of 7.23 metric tonnes per hectare. This compares to FGV's FY18 full-year target of 17 metric tonnes per hectare.

On Aug 28, FGV announced a net loss of RM23.23mil for Q2 ended June 30, 2018 versus a net profit of RM37.25mil in the previous corresponding quarter.

Year-to-date, the group posted net losses of RM21.89mil compared with a net profit of RM38.96mil in the same period in 2017 while revenue fell 17.4% to RM7.04bil from RM8.53bil.

Posted by Ring > 2018-09-03 17:24 | Report Abuse

X
Haha!!!!!, finally fgv talking of yield n at "17mt" which means they are not in the oil palm industry n wt PH minimum wage, fgv can go bust now keep analysing :
1.To replant 450,000ha may take about 10yrs as must be done in phasas n optimum yield after replanting takes 5-8 yrs as stated by some experts in this forum.
2.Replanting cost very high
3.Those trees felled for replanting gives no money so "what turn around" are they talking about.

Posted by KLSEAnalayst > 2018-09-04 01:26 | Report Abuse

FGV... it is forming bullish divergent ! It will leverage up after it trade above 1.51


View Technical - https://klse.i3investor.com/jsp/blog/bloghl.jsp

Posted by Chua Joe Beng > 2018-09-04 06:44 | Report Abuse

Syed Mahdhar was ex Guthrie (now Sime Darby Plantation). He is chief of the Plantations & Mill audit/quality control team. He is the right man for the job to transform FGV turnaround plans.

Posted by Ring > 2018-09-04 08:31 | Report Abuse

Chua, GLC, AEB/Guthrie/GH/Sime merged to reduce overhead idea to pay higher dividend. For yr info AEB/GH/Sime were making profit but Guthrie was running at lost, palm oil being consumed daily n u collect money daily but Guthrie was at lost hence who is doing the "turning around", pls keep guessing !!!!!

Posted by Ring > 2018-09-04 08:49 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/09/03/bullish-outlook-on-sime-darby-plantation/
After merger now selling assets to pay dividends ??????

Posted by Ring > 2018-09-04 08:53 | Report Abuse

If all field managers are comitted on field supetvision n must increase the yield above 23 mt or be sacked that is the "turn around" which i want to see otherwise all of us are being taken for a ride

Posted by mcmann > 2018-09-04 08:55 | Report Abuse

Ring u seems very familiar with palm oil stocks

Posted by Ring > 2018-09-04 09:04 | Report Abuse

I started my career with AEB in the early 70s' n retired with Sime, what i saw managers dont like to go to field which is killing GLC oil palm plantations hence billions being lost mainly due to "no field supervision" its so simple to turn around, very simple n yet not done just like 61 yrs of BN, ruling without common sense

Posted by mcmann > 2018-09-04 09:11 | Report Abuse

Haha no wonder u are so familiar with all these. thanks for sharing your experience and your honest comment about the company

Posted by Hidup_Anwar > 2018-09-04 09:18 | Report Abuse

Why Z and CFO go to Turkey? They still cannot claim debts from Turkey? Why not sack them to cut cost?