FGV HOLDINGS BERHAD

KLSE (MYR): FGV (5222)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

1.14

Today's Change

+0.01 (0.88%)

Day's Change

1.13 - 1.16

Trading Volume

534,100


35 people like this.

49,346 comment(s). Last comment by limch 14 hours ago

Undi_PAS

582 posts

Posted by Undi_PAS > 2018-09-18 10:24 |

Post removed.Why?

Undi_PAS

582 posts

Posted by Undi_PAS > 2018-09-18 10:26 |

Post removed.Why?

Undi_PAS

582 posts

Posted by Undi_PAS > 2018-09-18 10:26 | Report Abuse

No GST or SST need under PAS in GE15.

Pual

28 posts

Posted by Pual > 2018-09-18 11:18 | Report Abuse

Then encourage every one lives in forest...and say prayers every day hoping that God will bless us abundantly !

pea3034

296 posts

Posted by pea3034 > 2018-09-18 21:15 | Report Abuse

pas lagi bodoh ....kelantan pun kelantan pun tak boleh maju banyak hutang dengan persekutuan ...

pea3034

296 posts

Posted by pea3034 > 2018-09-18 21:16 | Report Abuse

undi -pas drem ke

henry888

2,247 posts

Posted by henry888 > 2018-09-18 21:24 | Report Abuse

Don't make promises too early. Like PKR some of the pledges in thier manisfesto, how, can fulfill or not?

richman

10,110 posts

Posted by richman > 2018-09-19 10:35 | Report Abuse

looks good today

BigPro

688 posts

Posted by BigPro > 2018-09-19 11:39 | Report Abuse

The Board of Directors of FGV Holdings Berhad (formerly known as Felda Global Ventures Holdings Berhad) ("FGV") refers to its previous statements dated 13th September 2018 and today’s announcement on the resignation of Dato’ Zakaria Arshad as the Group President/Chief Executive Officer (“GP/CEO”) of FGV.

The Board wishes to inform that with the resignation of Dato’ Zakaria Arshad, the suspension has ended. The forensic investigation referred in FGV’s statement from the Board on 28th August 2018 shall continue and is expected to be concluded by this year end.

FGV will continue its business as usual. As announced earlier the Special Board Committee 2 comprising of four (4) FGV Directors, namely its Chairman, Datuk Wira Azhar Abdul Hamid, Datuk Dr. Salmiah Ahmad, Dr. Mohamed Nazeeb P.Alithambi and Datin Hoi Lai Ping, shall continue to perform the functions of the GP/CEO of FGV.

Further announcements shall be made in the event of material developments on this matter.

This announcement is dated 18th September 2018.

richman

10,110 posts

Posted by richman > 2018-09-19 11:43 | Report Abuse

confirmed uptrend

richman

10,110 posts

Posted by richman > 2018-09-19 11:44 | Report Abuse

focus now on CWs

richman

10,110 posts

Posted by richman > 2018-09-19 12:21 | Report Abuse

all the rubbish management flushed out

richman

10,110 posts

Posted by richman > 2018-09-19 12:21 | Report Abuse

they should get the best regardless of race to run FGV

Posted by localmotive > 2018-09-20 11:05 | Report Abuse

zakaria was earning more than 1 million annually, ie about 100k per month, and our beloved tun dr.m only 20k per month ... of course, zakaria is part of the lousy management ... dunno what datuk azhar is earning? he should go too

Pual

28 posts

Posted by Pual > 2018-09-20 11:15 | Report Abuse

Next quarter results at 30.9.2018 shall be very bad.......

Posted by diamond168 > 2018-09-20 17:41 | Report Abuse

The more you play CWs' the more they issue which is bad for our stock market except for few ctrs.

Posted by richman > Sep 19, 2018 11:44 AM | Report Abuse
focus now on CWs

Wei Wong

671 posts

Posted by Wei Wong > 2018-09-20 22:17 | Report Abuse

Need minimum 2 years turnaround !! News out

SWATHENG

58 posts

Posted by SWATHENG > 2018-09-21 10:26 | Report Abuse

Mr Richman: they should get the best regardless of race to run FGV. It is too early to dream now.

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-09-21 10:32 | Report Abuse

Good stock, make huge profit !

Ring

6,522 posts

Ring

6,522 posts

Posted by Ring > 2018-09-21 17:57 | Report Abuse

Minister Datuk Seri Mohamed Azmin Ali said he would be presenting a White Paper on Felda in the next parliamentary sitting in October, which would lay out Felda’s situation and financial position as well as its strategic rehabilitation plan.

Megat Zaharuddin said Felda would be providing the information and key findings for the White Paper.

“Turning around Felda is our job,” he stressed.

Felda is also the single largest shareholder with a 34% stake in diversified plantation group FGV Holdings Bhd, the world’s largest CPO producer.

Megat Zaharuddin is hoping that FGV can turn around within the next six months to one year.

Annually, he said FGV contributed about RM400mil to Felda from land lease agreements, profits and dividends.

“We believe that the contribution should be higher. But this all depends on FGV’s productivity, as well as the CPO prices and the fresh fruit bunch (FFB) production,” he said.

He said FGV’s FFB production was below the national average and it needed to be addressed.
Additionally, Megat Zaharuddin said Felda also needed to improve its productivity to increase earnings.

“Our FFB productivity at Felda is above the national average of 20 tonnes per hectare per year, but we are not yet best in class,” he said, adding that 24 tonnes per hectare was the target.

Ring

6,522 posts

Posted by Ring > 2018-09-22 09:56 | Report Abuse

Pls take note: felda yield 20mt n targetting 24mt but Fgv only 17mt n due for replanting n targetting 20mt...if felda didnt give their land for leasing to fgv then felda wouldnt have gone bankrupt, fgv was ruled by stupid fellow or idiots...

Posted by Chua Joe Beng > 2018-09-22 10:53 | Report Abuse

I m sure d replanting r for those old unproductive palms areas that r yielding around (16 to 18)mtons yph. Production YPH (yield per hectare) r calculated on matured hectares. The 20mtons YPH targeted is considered achievable if FGV embark on an aggressive replanting plans. However, with reduced matured hectares, they will get a drastic dropped of FFB (fresh fruits bunches) production which equates to lower profits not to mention d high replanting cost to maturity which will b more rm9k per hectare. Basing on these outlook, it is better to only replant in stages those old unyielding palms areas of below 17mtons YPH. Frankly speaking, it's better to sell more assets or unrelated plantation businesses to cover their cash shortfall. FELDA & FGV both must quickly revises their reformation plans or otherwise get worse & sinking deeper into debt.

JJchan

7,182 posts

Posted by JJchan > 2018-09-22 19:21 | Report Abuse

slowly skeletons are move from the Cardboards to Broad Day Light----more shows to come, don't
finished your Coffee too fast

rogers123

4,018 posts

Posted by rogers123 > 2018-09-22 19:35 | Report Abuse

JJchan: U Bs again?

JJchan

7,182 posts

Posted by JJchan > 2018-09-22 20:51 | Report Abuse

loosing money again---roger?

Gn021

566 posts

Posted by Gn021 > 2018-09-22 21:41 | Report Abuse

FGV is a HIGH POLITIC related counter

New Government, New management, LET SEE UNDER PH , HOW FAR WILL FGV GO


http://www.klsescreener.com/v2/news/view/433236/speed-up-turnaround-felda-urges-fgv


Felda’s management has outlined seven strategic steps the agency will take to help it turn around in the next two years. They are:



1. Increase profit and pay settlers on time



2. Improve cash flow by monetising certain assets and restructuring loan repayments with banks



3. Increase management efficiency to become the “best in class”



4. Effect management changes fast so that it trickles down quickly to all staff members



5. Increase stakeholder and settler engagements



6. Help prepare a white paper outlining issues Felda faces and the proposed solutions to be tabled to Parliament



7. Appoint Datuk Dr Othman Omar as new D-G to replace Datuk Ab Ghani Mohd Ali, who is retiring end-September

Gn021

566 posts

Posted by Gn021 > 2018-09-22 21:42 | Report Abuse

FGV problem had been address, now just see how new management will do

Gn021

566 posts

Posted by Gn021 > 2018-09-22 21:45 | Report Abuse

No more Zakaria, this Zakaria no more show again

some he is removes BY MOF la ok


http://www.klsescreener.com/v2/news/view/429190/mof-removes-zakaria-as-appointee-in-fgv-s-board

The Ministry of Finance has removed Datuk Zakaria Arshad as the Government-appointed director to the board of directors at FGV Holdings Bhd.

Announcing this in a stock exchange filing today, the group said it has received a letter from the Minister of Finance Inc (MoF Inc) instructing them on the withdrawal of their nomination of Zakaria as director of FGV.

Gn021

566 posts

Posted by Gn021 > 2018-09-23 01:32 | Report Abuse

(吉隆坡21日讯)大马棕油局(MPOB)援引大马皇家关税局文告表示,棕油出口税在10月保持零,和9月相同。

大马棕油局指出,棕油参考价为每公吨2159令吉69仙,政府只在棕油价超过2250令吉时才征税。

大马是在5月恢复5%的原棕油出口税,以减少棕油库存及巩固棕油市场价格,种植及原产业部在1月8日起,先豁免棕油出口税3个月至4月7日,之后再延长至4月30日。

之后5至7月的出口税都保持在5%,8月下调至4.5%,以及在9月归零。

Ring

6,522 posts

Posted by Ring > 2018-09-23 10:19 | Report Abuse

Pls wait for YB Azmin white paper to be tabled/deliberated in Parliament in October, now we r on guess game

Gn021

566 posts

Posted by Gn021 > 2018-09-23 16:29 | Report Abuse

Export tax remain 0% for September n October

Gn021

566 posts

Posted by Gn021 > 2018-09-23 16:30 | Report Abuse

!!!!!

Gn021

566 posts

Posted by Gn021 > 2018-09-24 03:21 | Report Abuse

Gazetted price for crude palm oil at RM2,150.69 /ton, according to customs dept. statement on Malaysian Palm Oil Board’s website.

* Duty cut to 0% in Sept., was 4.5% in August

* NOTE: Malaysia Sept. Crude Palm Oil Export Tax Cut to 0%

ZEPAN

606 posts

Posted by ZEPAN > 2018-09-24 04:28 | Report Abuse

This is a case of Melayu makan Melayu or Melayu tipu Melayu. For those idiotic and stupid Malay UMNO supporters , blame it on yourself as you all believe that UMNO is like GOD to you, hahah. Only the other smarter Malays, the non UMNO supporters, won't fall into the UMNO GOD syndrome.


Sudah tipu atau makan sampai tulang, baru sekarang nak jual assets to cover losss.

ZEPAN

606 posts

Posted by ZEPAN > 2018-09-24 07:52 | Report Abuse

Sekarang nak jual berapa assets to cover losses???

richman

10,110 posts

Posted by richman > 2018-09-24 10:55 | Report Abuse

vultures like Najib Isa and many more more scoundrels were unchecked for many years to cause considerable damage

IronShirt

3,178 posts

Posted by IronShirt > 2018-09-24 12:38 | Report Abuse

pity small holders

Daily8

3,858 posts

Posted by Daily8 > 2018-09-24 22:11 | Report Abuse

Banking into FGV. A risky business OR a blessing from disguise ?

Tan Sri Megat Zaharuddin have been taking into white paper proposal to government for the execution to save FGV from looming further. The first action we looked upon should be the ability to execute the 8 proposed steps for turnaround to takes place.

In this drastic measures , TS Megat Zaharuddin have stressed out the importance of disposal all the assets of FGV which includes the hostel and some hotels in oversea. I seriously pity FGV for the donkey years of having bastard ISA who violated the company and blinded the Farmers. I hope the government will use the Rule of Law to prosecute him very very soon.

Looking ahead, how are the feelings of investors, the farmers who bought into FGV IPO price at 4.50 few years ago? Despite the ability to collect back the plantation yields, they are the one who are made poorest by the previous BN government both by the share price and the yield of palm oil?

The “near empty” cash flow of FGV is also another frightening matter to say, followed by the big debts from loans which FGV unable to service the payment. I wonder what is the next drastic action taken to salvage FGV.

Of all the damages done to the victims especially the farmers, GOVERNMENT need to safe them and bring back justice onto them.

Could Tan Sri Megat Zaharuddin bring the helm back into FGV through PAKATAN HARAPAN government ?

Investors will either stay watching on the development of FGV or will bank into FGV Shares as it’s currently stood at 1.50 ? You decide.

ocpd

762 posts

Posted by ocpd > 2018-09-25 04:36 | Report Abuse

EU palm oil ban sows bitter seeds for Southeast Asian farmers

https://phys.org/news/2018-09-eu-palm-oil-bitter-seeds.html

888newbie

180 posts

Posted by 888newbie > 2018-09-25 08:58 | Report Abuse

Time to clean up this company.

Daily8

3,858 posts

Posted by Daily8 > 2018-09-25 14:38 | Report Abuse

European market have issue with our local palm oil, I wonder...why

mcmann

1,142 posts

Posted by mcmann > 2018-09-25 17:46 | Report Abuse

Daily8 actually im a bit confuse with the newws. is actually FELDA or FGV ? all the while news is talking about FELDA does this also means is FGV ?

eleh

89 posts

Posted by eleh > 2018-09-25 17:47 | Report Abuse

felda is felda. fgv is fgv. felda is the boss of fgv which holding 40+ % of shares in FGV.

mcmann

1,142 posts

Posted by mcmann > 2018-09-25 18:03 | Report Abuse

eleh that is my understanding too but the news is saying FELDA has no money not FGV

Post a Comment