Posted by Gn021 > 2018-09-26 03:19 | Report Abuse

KUALA LUMPUR (Sept 25): Exports of Malaysian palm oil products for Sept 1-25 rose 61.5% to 1,326,748 tonnes, from 821,485 tonnes shipped during Aug 1-25, according to independent inspection company AmSpec Agri Malaysia on Tuesday.

Posted by Daily8 > 2018-09-26 04:35 | Report Abuse

One day, the world crude oil will get exhausted and bio diesel will be used as they are economical and environmentally healthy.

Posted by Unfair > 2018-09-26 05:09 | Report Abuse

Why no BNM loan for FGV to borrow?

Posted by Unfair > 2018-09-26 05:09 | Report Abuse

SMEs urged to take advantage of RM3.9 billion worth of funds available
https://www.nst.com.my/business/2018/09/414843/smes-urged-take-advantage-rm39-billion-worth-funds-available

Posted by Daily8 > 2018-09-26 05:59 | Report Abuse

Today I received a courtesy call from Ambassador and Head of Delegation of the EU to Malaysia H.E. Maria Castillo Fernandez and we had a fruitful discussion on issues concerning Malaysian palm oil and EU.

H.E. Maria has been fair and has been giving a true picture of Malaysia’s palm oil industry to the EU law makers. She has taken the initiative to invite some European Parliament senior policy drafters to come to Malaysia and have a dialogue with our palm oil experts and the plantation community, so that the policy makers can have a true picture of our palm oil plantations.

H.E. Maria expressed her support for the enforcement of the Malaysian Sustainable Palm Oil certification scheme as the Malaysian Government’s effort to ensure the whole supply chain for palm oil is sustainable. She also conveyed EU’s offer for technical expertise to assist Malaysia in areas related to sustainability.

She was happy to know that I will be going to her country Spain during my EU mission to lobby for Malaysian palm oil next week and she gave me advice on what to look for in Madrid and where to eat the best tapas.

Posted by Daily8 > 2018-09-26 05:59 | Report Abuse

Theresa kok

Posted by Orked Racun > 2018-09-26 11:27 | Report Abuse

Any chance to hit till 1.51?

Posted by Victor Yong > 2018-09-26 17:05 | Report Abuse

Net assets per share attributable to ordinary equity holders of the parent RM 1.53 as at 30/6/2018. Seems ok, current price is rm1.50, below rm1.53 :)

Posted by Victor Yong > 2018-09-26 17:47 | Report Abuse

Waiting for revival and transformation :)

http://www.feldaglobal.com/statement-from-the-board-of-directors-of-fgv-holdings-berhad/

Posted by Victor Yong > 2018-09-26 18:42 | Report Abuse

Mainly institutional investors for long term :)

LIST OF TOP THIRTY (30) LARGEST SHAREHOLDERS(Without aggregating the securities from different securities account belonging to the same Depositor)No..Name of ShareholdersNo. ofShares HeldPercentage of Shares (%)1FELDA ASSET HOLDINGS COMPANY SDN BHD452,921,19212.422LEMBAGA KEMAJUAN TANAH PERSEKUTUAN (FELDA)385,988,30010.583LEMBAGA TABUNG HAJI283,710,1007.784KUMPULAN WANG PERSARAAN (DIPERBADANKAN)270,998,4007.435MAYBANK NOMINEES (TEMPATAN) SDN BHD Pledged Securities Account for Lembaga Kemajuan Tanah Persekutuan (415321)270,000,0007.406KOPERASI PERMODALAN FELDA MALAYSIA BERHAD189,061,0085.187MAYBANK NOMINEES (TEMPATAN) SDN BHD Pledged Securities Account for Kerajaan Negeri Pahang182,407,5755.008MAYBANK NOMINEES (TEMPATAN) SDN BHD Pledged Securities Account for Sawit Kinabalu Sdn Bhd82,610,9892.269UOB KAY HIAN NOMINEES (TEMPATAN) SDN BHD SDB Asset Management Sdn Bhd for Chief Minister State of Sabah65,934,0661.8110LEMBAGA TABUNG ANGKATAN TENTERA45,693,9001.2511CARTABAN NOMINEES (ASING) SDN BHDExempt An for State Street Bank & Trust Company (West CLT OD67)44,392,5131.2212MAYBANK SECURITIES NOMINEES (TEMPATAN) SDN BHDMalayan Banking Berhad for Lembaga Kemajuan Tanah Persekutuan (FELDA)44,041,5001.2113CIMB GROUP NOMINEES (TEMPATAN) SDN BHDCIMB Bank Berhad (EDP 2)36,184,3000.9914HSBC NOMINEES (ASING) SDN BHDBBH and Co Boston for Vanguard Emerging Markets Stock Index Fund35,111,1570.9615AMSEC NOMINEES (TEMPATAN) SDN BHDMtrustee Berhad for CIMB Islamic Dali Equity Growth Fund (UT-CIMB-DALI)34,112,1000.9416ABB NOMINEE (TEMPATAN) SDN BHDPledged Securities Account for Lembaga Kemajuan Tanah Persekutuan (FELDA)30,000,0000.8217CIMSEC NOMINEES (TEMPATAN) SDN BHDExempt An for CIMB Bank Berhad (FELDA IPO SMF)29,553,3000.8118CITIGROUP NOMINEES (TEMPATAN) SDN BHDEmployees Provident Fund Board (CIMB PRIN)26,013,9000.7119HSBC NOMINEES (ASING) SDN BHDJPMCB NA for Vanguard Total International Stock Index Fund25,396,2240.7020MAYBANK SECURITIES NOMINEES (TEMPATAN) SDN BHDMalayan Banking Berhad for Lembaga Kemajuan Tanah Persekutuan (FELDA 2)25,000,0000.6921UOB KAY HIAN NOMINEES (TEMPATAN) SDN BHD SDB Asset Managment Sdn Bhd for Ekuiti Yakinjaya Sdn Bhd20,869,1130.5722AMANAHRAYA TRUSTEES BERHADAmanah Saham Bumiputera20,000,0000.5523HLIB NOMINEES (TEMPATAN) SDN BHDPledged Securities Account for Lembaga Kemajuan Tanah Persekutuan (FELDA)20,000,0000.5524TA KIN YAN18,125,0000.5025RHB NOMINEES (TEMPATAN) SDN BHDOSK Capital Sdn Bhd for Yayasan Islam Terengganu16,455,1000.4526AMSEC NOMINEES (TEMPATAN) SDN BHDExempt An for Ambank Islamic Berhad (FELDA)14,810,6000.4127CITIGROUP NOMINEES (ASING) SDN BHDMerrill Lynch International13,265,5290.3628CITIGROUP NOMINEES (ASING) SDN BHDCBNY for Dimensional Emerging Markets Value Fund12,048,0000.3329CITIGROUP NOMINEES (ASING) SDN BHDCBNY for Emerging Market Core Equity Portfolio DFA Investment Dimensions Group INC10,365,8920.2830CITIGROUP NOMINEES (ASING) SDN BHDUBS AG10,190,7650.28

Posted by Victor Yong > 2018-09-26 18:43 | Report Abuse

ANNUAL INTEGRATED REPORT 2017 :)

Posted by Victor Yong > 2018-09-26 19:09 | Report Abuse

Now, only 1/3 of IPO price, net assets per share at RM1.53 is higher than current price at RM1.50 , downside risk is extremely low :)

Posted by mcmann > 2018-09-27 09:40 | Report Abuse

it seems like there is buying at this current price , when it up its thrown down again and it wont go too low. should be safe to buy at this level

Posted by wilson > 2018-09-27 10:37 | Report Abuse

just buy & keep for few years..

Posted by curious2 > 2018-09-27 13:52 | Report Abuse

KTM director new FGV director.

Posted by curious2 > 2018-09-27 13:52 | Report Abuse

FGV says Mohd Hassan Ahmad appointed as director
https://www.theedgemarkets.com/article/fgv-says-mohd-hassan-ahmad-appointed-director

Posted by pakatan_harapan2 > 2018-09-28 09:22 | Report Abuse

KTM director appointment as FGV director with an eye on ECRL?

Posted by pakatan_harapan2 > 2018-09-28 09:56 | Report Abuse

Ex-CEO Z never said anything on ECRL except logistics business FGV will get how abt land compensation?

Posted by Ring > 2018-09-28 12:30 | Report Abuse

Land belong to felda guven to fgv on LLA (land lease agreement)

Posted by relaks > 2018-09-28 13:32 | Report Abuse

Fgv ada minta tolong PNB?
https://www.thestar.com.my/business/business-news/2018/09/28/pnb-ready-to-give-financial-aid/

Posted by mcmann > 2018-09-28 16:19 | Report Abuse

why no mention FGV at all ? or FELDA ???? meaning they are not that bad shape yet compare to others lol

Posted by Daily8 > 2018-09-30 17:38 | Report Abuse

Wish to enquire, do FGV have assets?

Posted by dam82 > 2018-10-01 09:57 | Report Abuse

FGV will disposing non core asset sabar je

Posted by Daily8 > 2018-10-01 12:51 | Report Abuse

Thanks Dam82

Posted by 5354 > 2018-10-01 14:24 | Report Abuse

Change address why? Save rental? Argument with Felda?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5928445

Posted by Undi_PKR > 2018-10-02 10:46 | Report Abuse

Isa Samad planted by Tun M in PD? To hide Isa caused damage in FGV Anwar become victim?

Posted by Undi_PKR > 2018-10-02 10:49 | Report Abuse

Anwar sodomy even true no loss to Felda settlers or FGV shareholders why must bother?

Posted by Undi_PKR > 2018-10-02 10:50 | Report Abuse

We vote PKR in GE14 bec dislike BN. Neither we like Pribumi under Tun M now.

Posted by EatCoconutCanWin > 2018-10-02 10:52 | Report Abuse

buy a bit keep

Posted by carilembu > 2018-10-05 16:20 | Report Abuse

wair 1.45

Posted by Victor Yong > 2018-10-05 17:17 | Report Abuse

:)

September inventories are expected to have dropped 0.7 percent from the month before to 2.47 million tonnes.

KUALA LUMPUR: Malaysia’s palm oil stocks likely edged down in September from seven-month highs in August as shipments from the world’s No.2 exporter of the commodity outpaced production-growth for the month, according to a Reuters survey.

Easing stockpiles would support benchmark palm oil prices, which this week rose from three-month lows to stand at 2,231 ringgit ($538.24) during Friday’s midday break.

September inventories are expected to have dropped 0.7 percent from the month before to 2.47 million tonnes, according to the median estimate of eight planters, traders and analysts surveyed by Reuters.

The dip in stockpiles was largely attributed to a surge in exports, which were estimated to have jumped 50 percent from August to 1.65 million tonnes, potentially marking what would be the highest level in over two years and the sharpest monthly jump since October 2006.

That comes after cargo surveyors reported on Monday that Malaysia’s palm oil exports rose between 49 percent and 54.6 percent in September.

Respondents in the Reuters survey said exports were boosted after the country in September cut its crude palm oil export tax to zero from 4.5 percent in August, as well as being stoked by good seasonal demand from top importer India ahead of its Diwali celebration in early November.

Malaysia is keeping the export tax at zero for October.

“October’s exports will also be as good because market prices are likely to have bottomed out already. It will be time to stock up for key markets,” said a trader based in east Malaysia.

Leading analysts at an industry conference last week said palm prices would trade around 2,100-2,200 ringgit for the rest of the year, before rising in 2019 as production tapers off in line with seasonal trends.

The survey pegged September’s output to rise 14.7 percent from August to 1.86 million tonnes. That would the strongest production since November and the highest September levels since 2015.

“We’re expecting a late uptick in production this year,” said a Singapore based trader, adding that Malaysian output should peak in November.

Production typically rises in line with seasonal trends in the third and fourth quarters of the year, and has usually peaked between August and October in recent years.

Official palm oil data will be published by the Malaysian Palm Oil Board ‪after 0430 GMT on Oct. 10.

The median figures from the Reuters survey put Malaysia’s consumption in September at 304,732 tonnes. - Reuters

Posted by Victor Yong > 2018-10-05 18:46 | Report Abuse

Q2 reported loss, if Q3 reports profit, the price should improve ... dateline for releasing Q3 is 30 Nov

Posted by Victor Yong > 2018-10-05 19:14 | Report Abuse

every year pays dividend, highest was 16sen in 2013, lowest was 2sen in 2016... this year, tak tahu :)

Posted by Victor Yong > 2018-10-05 19:31 | Report Abuse

+ for Fgv

KUALA LUMPUR (Oct 5): Palm oil producers are not subject to the sales and service tax (SST), Royal Malaysian Customs Director-General Datuk Seri Subromaniam Tholasy clarified today.

In a statement, Subromaniam said under the new SST framework, only imported fresh fruit bunches (FFB) will be subject to import sales tax to protect the interests of the domestic oil palm industry, especially that of smallholders.

“The Customs would like to clarify that, under Section 8 of the Sales Tax Act 2018, the sales tax is charged and levied only on taxable goods manufactured in Malaysia by a registered manufacturer, or taxable goods imported into Malaysia.

“Fresh fruit bunches (FFB) producers and vendors are not subject to the Sales and Services Tax Act of 2018, as they do not fall under the category of manufacturers,” he stated.

This is different from the previous taxation regime, where the 6% Goods and Services Tax (GST) was levied on both locally produced and imported FFB, he added.

The statement was issued in reference to a news report published yesterday, which quoted Malaysian Palm Oil Association chief executive officer Datuk Nageeb Wahab, who is also the FELCRA chairman, as urging the government to review the 5% sales tax on FFB.

Posted by Victor Yong > 2018-10-05 20:19 | Report Abuse

FGV can use it :)

By BLOOMBERG - October 4, 2018 @ 1:34pm





Plant scientist Meilina Ong Abdullah treads between neat rows of young palms and points to a petite variety that she says may help revolutionise a US$19 billion Malaysian export crop.

The dwarf trees at a government research centre in Malaysia’s southern state of Johor are clones of a new variety bred to be 30 per cent smaller than regular oil palms when they mature. That’s a significant advantage for farmers harvesting the red and orange fruit that can grow between thorny fronds up to five stories high.




Seedlings of the Clonal Palm Series 2, or CPS2, variety -- which can cost up to two times more than conventional plants -- are being rolled out by the Malaysian Palm Oil Board, the agency responsible for promoting and developing the country’s most valuable agricultural export. The release of CPS2 is largely in response to a labor shortage and the shrinking availability of land for new plantations.

“Plantations need compact and dwarf materials to maximize their land use,” says Meilina, head of the board’s breeding and tissue culture unit, as she watches a colleague measure the distance between trees under the hot equatorial sun.

CPS2, whose smaller size enables farmers to grow more trees per hectare, may also help counter another challenge for palm oil: Sustainability.

The commodity, used in everything from chocolate and cosmetics to car fuel, is mired in controversy as native tropical rain forests inhabited by orangutans, rhinoceroses and other endangered species have increasingly made way for oil-palm groves. In Malaysia the groves cover 5.8 million hectares (14.3 million acres) -- an area more than twice the size of Massachusetts -- as well as 12.3 million hectares of neighbouring Indonesia.



Longer Life

CPS2’s shorter fronds enable farmers to plant as many as 36 per cent more seedlings an hectare without reducing photosynthesis or yield quality. Meanwhile, their slower growth can add a decade to the economic life of a plantation, which is typically 25 years, according to Meilina. “We have been trying to improve yields over the years and at the same time we want to be sustainable,” she said.

Non-governmental environmental organisation Greenpeace accused 25 palm oil producers last month of clearing more than 130,000 hectares of rain forest, including 51,600 hectares in the Indonesian province of Papua, since 2015.

Indonesian President Joko Widodo ordered his government last month to halt issuing permits for new palm oil plantations and the expansion of existing ones for three years, while Malaysia’s government pledged to maintain its forest cover at 50 per cent.

“Efforts to make more productive use of land already cleared for cultivation, rather than expanding industrial plantation areas through land-grabbing, forest-clearing or peat drainage, is critical,” said Annisa Rahmawati, Greenpeace Southeast Asia’s senior forest campaigner, in an email. Still, productivity improvements do nothing to address the deforestation that’s already occurred, she said.



Safer Harvests

CPS2 is capable of producing about 35.7 tonnes of oil-palm fruit per hectare, about twice the Malaysian national average, Meilina said. What’s more, its shorter stature makes harvesting safer and more efficient.

Fruit on palms taller than 4.9 metres are too high to be mechanically harvested and are usually left to rot if workers aren’t able to reach them with elongated sickles. About 10 per cent of fruit bunches rot each season because of a labor shortage and lack of skilled workers who can cut down fruit from older, taller trees, according to industry estimates.

“Although we have harvesting poles that can reach a certain height, you need very high-skilled workers to be able to harvest from those tall trees,” Meilina said. “By having dwarf materials, we can easily train people.”

Rabobank International predicts that palm oil production in Indonesia and Malaysia, which accounts for about 85 per cent of global supply, will decline after 2022 because of limited land availability and dropping yields in aging plantations, and if replanting is sluggish in Indonesia.



Aging Palms

“Aging palm-oil tree issues have resulted in lower year-on-year monthly Malaysian palm oil yields since May,” the Dutch bank said in a Sept. 28 report.

While the Malaysian Palm Oil Board ramps up commercial production of CPS2 seedlings -- which cost 25-to-30 ringgit apiece, compared with about RM15 for conventional plants -- scientists are studying genetic variations that may confer resilience against disease and extreme weather, Meilina said.

That could lead to new iterations of a variety originally from Nigeria that stood out by being small, but high-yielding, in a crop improvement program that began more than 40 years ago.

“We’re now trying to identify the best material among the CPS2 and look at it at a molecular level,” Meilina said, gazing across the trees that she and her colleagu

Posted by Victor Yong > 2018-10-06 06:45 | Report Abuse

:)

KUALA LUMPUR: Minister of Primary Industries Teresa Kok has criticised the European Union (EU) for impeding Malaysia from achieving UN Sustainable Development Goals (SDGs) through its continuous push to phase out palm oil from its markets.

In a statement, she said Malaysia has taken various efforts to invest in sustainability and comply with sustainable practices, but the EU’s anti-palm oil action was sending a message to palm oil-producing countries that investments in sustainability does not pay off and is futile.

“Our forest is above our international pledge of 50 per cent forest cover, while these critics cannot even claim the same.

“The EU should assist developing countries in achieving the SDGs, instead of imposing onerous rules and policies that undermine their efforts,” she said in an interview after delivering a keynote address at the European Palm Oil Conference in Madrid, Spain on Thursday.

Earlier, Kok and her delegation had met with the Spanish Alliance for Sustainable Palm Oil and Spanish Biodiesel Association members who expressed continued support for Malaysian-certified sustainable palm oil and highlighted Spain’s emergence as a major destination for palm oil into Europe.

She said the parties were committed to address the anti-palm oil campaign by jointly promoting palm oil benefits and sustainable production.

The Spanish government had rejected the EU Parliament’s motion to ban palm biofuels, saying that it contravened World Trade Organisation conventions.

Spain is one of the major importers of Malaysian palm oil, having imported 259,701 tonnes of Malaysian palm oil from January to August this year, a 46.8 per cent increase compared with the corresponding period last year. — Bernama

Posted by Victor Yong > 2018-10-06 07:13 | Report Abuse

About FGV
FGV Holdings Berhad (formerly known as Felda Global Ventures Holdings Berhad) is Malaysia’s leading global agribusiness and is the world’s largest producer of crude palm oil (CPO). We have operations in more than 11 countries across Asia, North America and Europe.

Listed on the Malaysia Stock Exchange since June 2012, our focus spans three core business sectors: Plantation Sector, Logistics & Support Business Sector and Sugar Sector.
FGV is the world’s largest palm oil producer and oil palm plantation operator, based on planted hectares.
Incorporated in Malaysia as a private limited company 2007, FGV initially operated as the commercial arm of Federal Land Development Authority (FELDA ). On 28 June 2012, the company was listed on the main market of Bursa Malaysia Securities Berhad as Felda Global Ventures Holdings Berhad. As at 31 December 2016 our market capitalisation is RM5.65 billion

FGV is the world’s largest Crude Palm Oil (CPO) producer and the second largest Malaysian palm oil refiner.

With more than 19,000 people in the group from our subsidiaries as well as joint-venture companies and associates, we aspire to be one of the top 10 agri-business conglomerate in the world by 2020.

Vision
To be among the World’s Leading, Integrated and Sustainable Agribusiness that Deliver Value to Customers and Stakeholders especially the Smallholders

Mission
To be a global leader by:

Creating value through our human capital
Championing our locally invested culture
Building an integrated value chain advantage
Cultivating diversification in commodities and geography
Values
Partnership

Best solutions and ideas come from working with both colleagues (internal) and business partners (external);
Respect

Our sustained success and achievements can only come from respect for people (colleagues, peers and business partners), as well as the environment, which is the main source of our business;
Integrity

Integrity is about trust, honesty and sincerity. In the context of FGV, it means being responsible and accountable for one’s own actions and behaviours. Each employee is responsible for the Group’s success and business reputation;
Dynamism

Strive to discover, create ideas and identify growth potential from uncharted opportunities and beyond traditional boundaries, all done in the best interest of the stakeholders and communities;
Enthusiasm

Strive to lead with passion and work with enthusiasm. We are enthusiastic about what we do, committed to the growth and future of our agri-business, while at the same time, propagating sustainable development around the world.

Posted by Victor Yong > 2018-10-06 09:24 | Report Abuse

buy and keep as a 2-year fixed deposit. cash out in 2020 :)


FGV revival on board revamp, Strategic Plan
2020

KUALA LUMPUR (Aug 7): The government is confident the initiatives to restructure FGV Holdings Bhd’s (FGV) board of directors and the steps taken to introduce the Strategic Plan 2020 (SP20) will rehabilitate and grow the group’s business and share price.

Deputy Economic Affairs Minister Dr Mohd Radzi Md Jidin said the initiatives will be able to rehabilitate the group in stages.

“This will also restore investor perception towards FGV and bring positive impact on the share price,” he said in the Dewan Rakyat today.

Mohd Radzi was responding to a question from Wan Hassan Mohd Ramli (PAS-Dungun) on the efforts of the government to revive the settler’s shareholdings in FGV for the original objective of raising their economic status.

He said the restructuring of the FGV board over the past several years have seen Felda, the largest shareholder, receiving two seats to look after its interests and those of the settlers.

The deputy minister said the board also included experts in the fields related to FGV’s business, among them Datuk Dr Salmiah Ahmad (research and development), Dr Mohamed Nazeeb P. Alithambi (agronomy), Datuk Mohd Anwar Yahya (auditor) and Dr Nesadurai Kalanithi (biochemist and molecular biologist).

“These measure will enhance the role of (corporate) governance and contributions from the board of directors in the group’s rehabilitation.

“Industry players and economic experts have been positive on these initiatives,” he said.

Meanwhile, Mohd Radzi said SP20 was expected to improve business operations and shape a more realistic direction for the group based on existing market conditions through four core pillars of effective core operations, improving business value chain, balancing the business portfolio, and optimising finance and human capital.

Among the strategic plan’s main targets will be increasing the production of fresh fruit bunches, lowering operation costs, sustainable replanting programmes, mechanisation of plantations, rationalising the number of factories and improved product marketing.

“SP20 also aims to grow the group’s oleochemical business and strengthen operations in the US and main export markets. It plans to expand the sugar business, dispose of non-core assets, reevaluate existing investments and joint-ventures, improve the logistic business’ portfolio and add value to shareholders,” he added.

Posted by Victor Yong > 2018-10-06 10:50 | Report Abuse

fgv should learn from Robert kuok punya syarikat :)

Wilmar posts five-fold jump in second quarter profit
CORPORATE NEWS
Tuesday, 14 Aug 2018


Kuok: The trade tensions between the United States and China improved crush margins in the short term, thus benefitting our oilseed-crushing business.


PETALING JAYA: Wilmar International Ltd, the world’s largest palm oil refiner, has reported a five-fold increase in its second quarter profit to end-June on higher margins in its oilseed and grain businesses, as well as improved performance in tropical oils.

Net profit rose to US$316.4mil from a restated US$59mil a year earlier, it said in a statement yesterday. Revenue increased to US$10.8bil compared with US$10.6bil previously.

“The trade tensions between the United States and China improved crush margins in the short term, thus benefitting our oilseed-crushing business,” chief executive officer Kuok Khoon Hong said.

However, a prolonged dispute between the two countries, Kuok said, would have a negative impact on crush margins due to lower plant utilisation.


In the statement, the company said pre-tax profit at the group’s tropical oils unit surged 165% in the quarter from a year earlier on the better performance in the midstream and downstream units.

“While sustained low palm oil prices would affect our plantation business, our downstream businesses will benefit from increased demand and better margins for its products,” Kuok said.

Production yield at the group’s plantations improved 11% to 5.8 tonnes per hectare in the second quarter due to more favourable weather conditions. Production of fresh fruit bunches increased 5% to 1.08 million tonnes.

The higher production mitigated the decline in selling prices.

The benchmark palm oil futures averaged about 6% lower in the second quarter from a year earlier. Soybeans were about 6% higher and soyoil was 4% weaker.

Kuok said higher crude oil prices had benefitted the group’s oleochemical and biodiesel businesses. The group’s specialty fats business also contributed positively as a result of an increase in global demand during the quarter.

Sugar performance should also improve in the second half of the year, Kuok said, with the commencement of the crushing season in June. The sugar business reported a pre-tax loss of US$46.2mil in the quarter under review. Wilmar’s business activities include oil palm cultivation, oilseed crushing, refining, sugar milling, the manufacturing of consumer products, specialty fats, oleochemicals, biodiesel and fertilisers, as well as rice and flour milling.

It has over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries. The group has a multinational workforce of about 90,000 people.

Posted by BN_menang > 2018-10-06 11:14 | Report Abuse

Isa Samad better win PD by-election? Why cannot see how PH is better than BN for FGV or CPO price?

Posted by PH_Govn > 2018-10-06 16:55 | Report Abuse

Customs: Palm oil producers not subject to SST
http://www.theedgemarkets.com/article/customs-palm-oil-producers-not-subject-sst#.W7cwykTAt2Y.facebook

Posted by Hua Ge > 2018-10-06 23:07 | Report Abuse

Useless punye managment..mkn kenyang2..bulan2 gaji buta...

Posted by Victor Yong > 2018-10-07 16:19 | Report Abuse

2 years are needed to cuci Tahi :)

Felda to turnaround in 2 years

Published on 20 Sep 2018 8:44:51 PM

Description
Share
Felda chairman Tan Sri Megat Zaharuddin Megat Mohd Nor says it would take the group to turnaround in at least two years, adding that FGV should prioritise on their immediate issues.

Posted by Victor Yong > 2018-10-07 16:23 | Report Abuse

good move, keep the cash to pay dividend, we want 16sen per share like 2013 :)

KUALA LUMPUR (Oct 4): Eonmetall Group Bhd has secured the exclusive rights from a unit of FGV Holdings Bhd to build palm fibre oil extraction plants at six selected mill locations, then own and operate them for a concession period of 10 years, before transferring their ownership to the FGV unit.

The build, own, operate and transfer (BOOT) arrangement was entered into yesterday between Eonmetall's wholly-owned unit Eonmetall Carotene Oil Sdn Bhd (ECOSB) and FGV's indirect, wholly-owned Felda Palm Industries Sdn Bhd (FPISB).

The two companies will ink six separate agreements to formalise the BOOT arrangement for all the plants at the designated mills, Eonmetall said in a statement filed to Bursa Malaysia today.

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Under the BOOT arrangement, ECOSB gets the exclusive right to "design, engineer, finance, construct, commission, own, operate, transfer, maintain and manage" the extraction plants in the vicinity of the mills. Land for the project will either be leased or licensed or subleased/sublicensed by FPISB to ECOSB. The 10-year concession period will begin from the start of commercial operations of the plants.

FPISB will supply the required amount of palm mesocarp fibre processed from fresh fruit bunch yearly to the plant, for the purpose of extraction.

"In consideration of the rights granted, ECOSB agreed to re-deliver the de-oiled mesocarp fibre and share some percentage of the revenue or profit arising from the sale of red crude palm oil from the extraction process activity," it said.

Eonmetall said the project may be implemented at four more mills belonging to FPISB, upon the successful completion, commissioning, operation and commercialisation of all mills under this first phase.

Eonmetall expects the project to have a positive impact on its net assets, gearing and earnings per share, for the financial year ending Dec 31, 2018.

Eonmetall shares closed five sen or 11.1% higher at 50 sen today, bringing it a market capitalisation of RM92.81 million. Year to date, the stock has retreated about 31%, from the closing price of 72.2 sen on Dec 29, 2017.

Posted by Victor Yong > 2018-10-07 19:49 | Report Abuse

Good4palm oil

https://www.nst.com.my/business/2018/10/418850/malaysia-will-nominate-experts-ec-panel

Posted by Victor Yong > 2018-10-08 07:48 | Report Abuse

:)

Global palm oil prices set to rise on Indonesia's biodiesel mandate
AUGUST 6, 2018 @ 1:15PM
BY OOI TEE CHING

“We must respond effectively to these wrong allegations with the correct scientific facts and figures about the palm oil sector,” Malaysia's Primary Industries Deputy Minister Shamsul Iskandar Md Akin. Pix by AHMAD IRHAM MOHD NOOR
PUTRAJAYA: Global palm oil prices are set to rise from at an average of RM2,200 per tonne as we implement and enforce B20 mandate throughout all sectors, said Indonesia’s deputy Coordinating Minister for Food & Agriculture as well as Economic Affairs Musdhalifah Machmud.

She said her government, while preparing to enforce on B20 nationwide implementation, is also embarking on trial runs for the B30 blend with automotive manufacturers.

“If the results prove to be favourable, Indonesia would like to raise the mandate further from B20 to B30, next year,” the Indonesian minister added.

Biodiesel usage in Indonesia is currently only mandatory for subsidised diesel users, of which other users cannot buy.

There are 19 biodiesel producers and 14 fuel retailers in Indonesia.

Musdhalifah explained, after 1st September 2018, Indonesian fuel stations will be prohibited from selling regular diesel fuel, once the new rules apply.

“If fuel companies are found selling unblended fuel, without any palm oil content, they will face penalty,” she told reporters here today after gracing the opening ceremony of Council of Palm Oil Producing Countries’ (CPOPC) seminar on good agricultural practices.

Indonesia is the world's biggest palm oil producer and exports some 35 million tonnes per year while Malaysia is second shipping out close to 20 million tonnes.

Collectively, Indonesia and Malaysia command more than 85 per cent of world's palm oil supply. As Indonesia sets a mandate on palm oil usage, with Malaysia's cooperation, it would have an impact on global pricing.

Last week, Indonesia President Joko Widodo, in a cabinet meeting, said he wanted an immediate implementation of Indonesia's biodiesel expansion programme to help save billions of dollars in diesel imports.

The B number indicates the percentage of palm oil biodiesel. That means B20 biodiesel is a blend of 20 per cent biodiesel and 80 per cent petroleum diesel.

Malaysia's Primary Industries Minister Teresa Kok, in her speech today, noted both Malaysia and Indonesia via the CPOPC should continuously put right misinformation on palm oil industry concerning wrong allegations of high indirect land use change (ILUC) and greenhouse gases (GHG) emissions.

“We must respond effectively to these wrong allegations with the correct scientific facts and figures about the palm oil sector,” she said.

“The CPOPC has a bigger task at hand now as importing countries such as the EU is wrongfully linking palm oil with false allegations of high ILUC and GHG emissions. CPOPC needs to collate the facts and figures to show the truth,” Kok added.

Kok’s speech today was read by her deputy, Shamsul Iskandar Akin.

Also present were Primary Industries Ministry secretary-general Datuk Zurinah Pawanteh, CPOPC executive director Mahendra Siregar and Belgian Ambassador to Malaysia Daniel Dargent.

Posted by Victor Yong > 2018-10-11 14:07 | Report Abuse

jualan more than buy recently haha

KOPERASI PERMODALAN FELDA MALAYSIA BERHAD 28-Aug-2018 Acquired 500,000
KOPERASI PERMODALAN FELDA MALAYSIA BERHAD 23-Aug-2018 Disposed 1,000,000
LEMBAGA TABUNG HAJI 31-Jul-2018 Acquired 843,200 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 16-Jul-2018 Disposed 548,400 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 13-Jul-2018 Disposed 175,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 09-Jul-2018 Disposed 96,800 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 29-Jun-2018 Disposed 200,000 0.000

Posted by dam82 > 2018-10-11 17:20 | Report Abuse

Rm 1 coming

Posted by geraldt9 > 2018-10-12 17:16 | Report Abuse

After that, shoot up to what price ..?

Posted by FGV_ > 2018-10-12 19:42 | Report Abuse

FGV CFO Tifli Mohd Talha quits
http://www.thesundaily.my/news/2018/10/12/fgv-cfo-tifli-mohd-talha-quits