Posted by dam82 > 2018-11-23 09:01 | Report Abuse

Gone case after QR

Posted by Victor Yong > 2018-11-23 09:02 | Report Abuse

KUALA LUMPUR (Nov 22): The dip in crude palm oil (CPO) prices to below the RM2,000 per tonne level has stirred some panic in the market and among traders, but it was deemed not alarming.

The commodity’s price had recently lingered at the RM1,700-RM1,800 a tonne level, last reached five years ago, according to an industry veteran, M R Chandran, who is also a Director of the Incorporated Society of Planters (ISP) and the Executive Director of the Malaysian Palm Oil Association (MPOA).

“This is the plantation life cycle. When you have a high production level that resulted in high supply and the demand is not there, (and this) coincided with consuming countries which have also increased production (and supply) in their own oil seed crop.

“Basically, the commodity markets all around the world are going through a recession period, whereby the agriculture is having a good production and supply (situation), be it soybean, rapeseed, sunflower or oil palm,” he told Bernama.

Chandran said China and India which used to be the world’s biggest consumers of palm oil are now buying less because their own crop production have been much better.

China, for example, produces its own soybean oil, peanut oil and rapeseed oil, while India produces, among others, mustard seed, sesame seed oil and coconut oil.

“But China is no longer the biggest consumer of our palm oil and we now welcome Indonesia, a home to 264 million population, as the major consumer of palm oil.

“Although the country produces its own palm oil, the larger population has called for bigger demand and not only is the commodity used for food product, it is also utilised for non-food product including biodiesel, which the Indonesian government has pledged to implement the B20 rules in the automotive industry,” he said.

The B20 consists of 20% biodiesel and 80% petroleum diesel, and since Sept 1, 2018, all vehicles and heavy machinery in the republic that have diesel engines need to use the diesel in a move to help the government save billions of dollars in diesel imports.

Chandran said due to this, there was no doubt that by 2019, Indonesia could be the world’s biggest consumer of palm oil and India in second spot, worldwide.

He noted that both Indonesia and India consumed 14% each of Malaysia’s palm oil in 2017.

Malaysia’s total export of palm oil and palm products stood at RM77 billion last year.

“We can expect that this, together with the upcoming monsoon season that will come in December, will help cut down the stocks, hence pushing the price upwards.

“I am optimistic that we could see the CPO price level to be trading at between RM2,300 and RM2,400 per tonne by February (2019) onwards,” he said.

Overall, Chandran said the downtrend in the CPO price should not be a concern either to investors or the analysts, but acknowledged that some of the plantation companies’ share prices took a dip in the stock market.

It could possibly be impacted by the speculative element, he explained.

For example, Sime Darby Plantation’s shares fell from RM5.46 to RM5.18 over the last six months, FGV Holdings Bhd dipped from RM1.59 to RM1.18 over the last six months, while Kuala Lumpur Kepong slid from RM25.22 in January to RM24.92 in November this year.

With vast experience in the agro-commodity industry, the veteran expressed hope that the government could come up with a long-term policy on labour to address the shortage of manpower in the plantation industry.

He said companies were prepared to hire more foreign workers but their costs were rising, no thanks to the levy, minimum wage and operation cost.

“Across the companies, big and small, Malaysia is facing a shortage of labour that causes lack of workers to harvest the crop and (thus) damaging the fruits.

“Eighty-five per cent of our workers are foreigners and based on my estimate, we are losing close to between 17 and 18 per cent of our crop per annum. Basically, we are losing between one-and-a-half to two tonnes of fresh fruit bunches per hectare (ha) and our total oil palm plantation area is 5.8 million ha.

“If we have more people to harvest the crop, it could help increase the yield and production and our cost would be lower, hence improving the margin,” he said.

In the recent 2019 Budget tabling, Finance Minister Lim Guan Eng announced that the government would reduce the extension levy for foreign workers who have served for 10 years or more from RM10,000 to RM3,500 per worker per annum in the agriculture and plantation industries, due to a shortage of workers and decline in the prices of the commodities. — Bernama

Posted by Victor Yong > 2018-11-23 09:19 | Report Abuse

:)

Last Saturday, The Edge Malaysia weekly highlighted certain aspects of the White Paper, and reported that there were at least three proposals mooted to revive Felda, the beleaguered government agency founded in 1956 to resettle the poor and eradicate poverty.

The report had it that there were three proposals mooted to revive Felda, and its 33.67% unit Bursa Malaysia-listed FGV Holdings Bhd.

The three plans, involves beefing up Felda’s management, privatisation of FGV to get things back to before FGV’s floatation exercise in 2012, and the government merging Felda with another government-owned company that is involved in development, probably Federal Land Consolidation and Rehabilitation Authority Bhd (Felcra).

The proposal on taking FGV private seemed too difficult given its initial public offering was at RM4.55, which is more than double of yesterday’s closing of RM1.18.

For the six months ended June 30, FGV suffered a net loss of RM21.90 million from RM7.04 billion in revenue. The group’s cash stood at RM1.64 billion compared with its total debts of RM4.23 billion as at June 30.

FGV incurred a finance cost of RM95.13 million for the six-month period ended June 30.

As for the merger with Felcra, details are scarce. According to its annual report, Felcra provides plantation services focusing on integration, rehabilitation and development of land including the processing and marketing of commodity products.

According to its website, Felcra has 257,078ha of plantations. Felcra’s latest publicly available annual report for the year ended Dec 31, 2014 posted after tax profits of RM123.86 million from RM1.75 billion in revenue.

Felcra manages 220,086ha planted with oil palm, rubber and paddy, for a minimal management fee. As at end-December 2014, Felcra had a cash balance of RM1.07 billion and debt commitments of RM2.11 billion.

Posted by Victor Yong > 2018-11-23 09:26 | Report Abuse

net assets per share =rm1.5+, still a comfortable buffer from current price :)

FGV Share Price Movement
Last Change Volume
1.170 KLSE Market Watch -0.010 (-0.85%) 149
Open Day Range Ref
1.170 1.170 - 1.170 1.180

FGV Financial Information
Market Capital (RM) 4.268b
Number of Share 3.648b
EPS (cent)* 2.56
P/E Ratio 45.70
ROE (%) 1.67
Dividend (cent)^ 5.000
Dividend Yield (%) 4.27
Dividend Policy (%) 50
NTA (RM) 1.530

Posted by Jonathan Keung > 2018-11-23 09:30 | Report Abuse

FGV is in a no win situation. sliding CPO prices. from RM 2,400 now trading RM 1,800 per tonne. Cash flow negative plus huge write down on investment . repaying USD denominated debts ( depreciating ringgit )wow dead end

Posted by Victor Yong > 2018-11-23 09:41 | Report Abuse

Malaysian palm oil futures rose more than 2 percent on Thursday as traders moved to cover short positions.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Nov 23.

FUNDAMENTALS

* Malaysian palm oil futures rose more than 2 percent on Thursday as traders moved to cover short positions.

* U.S. soybean futures turned higher on Wednesday on optimism that Washington and Beijing will make progress at the upcoming G20 leaders summit toward resolving the trade dispute that has disrupted American exports of the oilseed.

* Oil prices fell on Friday, weighed down by concerns that producers are churning out more oil than the world needs amid a bleak economic outlook.

Posted by 5354_ > 2018-11-23 10:50 | Report Abuse

FGV not in downstream(cooking oil, etc) as well? If CPO drop product price no drop not gain more?

Posted by takashi86 > 2018-11-23 11:29 | Report Abuse

Bro 5354, felda got a brand of cooking oil named Saji, which is a very low n cheap brand, the margin is just not thr....

If u look at how robert kuok doing cooking oil biz in china, u will know wat i meant.

Dun get illusion palm oil is all the same, it is very not in the case.

Palm oil got many grades, and when u keep in the cheap brand for lowest income group, u aint going anywhr...

Nestle, Unilever, Danone all this product also need palm oil, but the thing is, they wont source from felda, cos quality is not thr...

Posted by 5354_ > 2018-11-23 11:35 | Report Abuse

In order to fight obesity, sugar price must be increased not reduced.

Posted by nttcom > 2018-11-23 12:25 | Report Abuse

Wait another year. This will be a good investment

Posted by emil > 2018-11-23 12:50 | Report Abuse

drop to 60sen ...coming?

Posted by apolloang > 2018-11-23 12:51 | Report Abuse

no post losses over 1 bil mana boleh 60cts?

Posted by Victor Yong > 2018-11-23 13:11 | Report Abuse

KUALA LUMPUR (Nov 23): Malaysia will increase the minimum bio-content local producers must add to its biodiesel fuel to 10% from 7% starting on Dec 1.

Primary Industries Minister Teresa Kok said in a radio interview with national news agency Bernama on Wednesday that the government has given the approval to implement the B10 biodiesel mandate.

"The cabinet has approved the use of B10 and it will be implemented from Dec 1. We also have the agreement from the Federation of Malaysian Manufacturers that the industrial sector will use B7," she said in the interview which was posted to Bernama Radio's Facebook page.

Fuel stations in Malaysia currently use B7 biofuel.

Kok said with these measures, the use of palm oil locally was expected to double.

The B10 biodiesel programme will be implemented in the transport sector and other subsidised sectors in stages and will be mandatory from February 2019, Bloomberg News said on Thursday citing a letter from the Primary Industries Ministry to petroleum companies.

Malaysia and Indonesia are the top producers of palm oil globally.

Posted by 5354_ > 2018-11-23 18:59 | Report Abuse

QR no out but want to sue people can successful? Follow govn sue Goldman Sach?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5983449

Posted by 5354_ > 2018-11-23 19:03 | Report Abuse

Why only Asian Plantation deal sued? How abt Golden Land RM 640 million deal?

Posted by Daily8 > 2018-11-23 20:44 | Report Abuse

All ex Directors get going to court.

Whoever can bring back maruah bangsa FGV layak dipikir sebagai PM Akan datang.

Posted by takashi86 > 2018-11-23 20:47 | Report Abuse

When PH won the election n be new gomen, most rakyat got the perception that najib will straight go into jail, but forget ppl wanna chg gomen to hv rule of law...

Sue? So how? Just blame lousy performance is becos bla bla bla fault?? And how long is the legal process to go? 3 years? 5 years??

Okay, let's say FGV won the case, but by legal process, the defendant party at least got one more chance to appeal...then? Drag another 2-3 years?

Posted by takashi86 > 2018-11-23 20:55 | Report Abuse

Come on, blaming maybe work in political game, but in biz world, time is money.

Lots of changes is needed, if u wanna think bout it, lots can be improve by the management...

IOI one acre of land, can harvest FFB at least 1.2-1.5 tonne/month! Go ask those felda peneroka, they will laugh and tell u, one acre of land, can harvest 700-800kg/month, they ady laugh till teeth fall down...

Posted by takashi86 > 2018-11-23 20:56 | Report Abuse

Of cos lah, if gomen wanna push tis share, can fly too...but why push now? When next election is another 5 years time...

Posted by Daily8 > 2018-11-23 22:17 | Report Abuse

Takashi86, the government need to ponder very very very very hard on their mind, WHY ON EARTH ALL GOVERNMENT RELATED COUNTERS ALL FALL LIKE NEVER ENDING?

1.cultural based management issue
2. Resilience issue by top management
3. Unable to handle greed desires issue amongst top managements
4. Political body involvement
5. Incompetency executives
6. Heavy spoon fed
7. Lazy mentality
8. Etc

Need to compare WHY SIME DARBY, IOI can do well. WHY FGV CANNOT?!

Companies are run by human beings,. Question, why human beings in FGV cannot do well but other human beings in IOI & SIME DARBY can.?

Posted by takashi86 > 2018-11-23 23:05 | Report Abuse

Bro...u may know facts, but u dunno how gomen works and politic gameplay...

Now let all drop or sideline for 3 years++, meanwhile, curbs mayb 20% corruption enuf, less big projects first, BNM reserve save up first...then during mid or end of 2022 oni start pushing all GLCsss share gao gao.

Humam mentality is like tat, forget easily, during 2022 all GLCs share up gao gao, then u might say, PH is great loor...

U tot najib lost due to 1MDB??

Think twice how the share market before election, and how all social media news spreading...all is $$...

Tis is wat i like tun m, no need corrupt by his own hand, but built his own team of Billioniaress..when time matured, ask them to pay back..think b, how can Bersatu n PH got so nice election campaign, really due to us donate rm30-50?? Then can put up big stage, nice surround systems?

Posted by Felda_settlers > 2018-11-23 23:11 | Report Abuse

takashi86 is your meaning govn can do whatever they like and won't be punished in GE?

Posted by Felda_settlers > 2018-11-23 23:19 | Report Abuse

Tun M as PM will he wait full 5 years before call GE15?

Posted by Felda_Pekan > 2018-11-23 23:21 | Report Abuse

If Najib still contest in Pekan we sure vote him again.

Posted by Felda_Pahang > 2018-11-23 23:29 | Report Abuse

We don't feel Tun M/Azmin Ali/Teresa Kok has helped us much either. Najib is still our preferred leader.

Posted by Daily8 > 2018-11-23 23:49 | Report Abuse

Felda_Pahang, Your preferred Leader still telan korang bulat2?
Buat apa memilih Leader secara membabi buta? Berapa kerat tanah engkau dapat daripada kepimpinan Najib, wahai sahabat Felda_Pahang?

Jangan menilai kebaikan pemimpin dengan bibir kata halus si Najib yang penuh dengan dusta. Tengok Rosmah. Pernah tengok wajar sesinis isteri Perdana Menteri di dunia ni?


Bangunlah solat wahai sahabat Felda. Jangan saja mencari kesalahan kaum lain padahal kaum nilah yang datang membantu kita dengan ikhlas dan niat yang baik.

Posted by Daily8 > 2018-11-23 23:52 | Report Abuse

Jangan pandang belakang. Mara ke depan. Sekian.

Posted by mf > 2018-11-24 06:39 |

Post removed.Why?

Posted by zerocool7199 > 2018-11-24 07:53 | Report Abuse

Simedarby plantation report out.profit drop 89% from previous year..cpo price if low for longer period with current debts in hand fgv is hardly to survive..goodluck to all

Posted by maney > 2018-11-24 11:50 | Report Abuse

https://www.malaymail.com/s/1696537/fgv-commences-legal-proceedings-against-14-former-directors-and-employees

Posted by maney > 2018-11-24 11:50 | Report Abuse

Penni share Mon!

Posted by Daily8 > 2018-11-24 16:28 | Report Abuse

Takashi86, I don’t care PH or DINGDONG gov, as long they can managed well, that is good government. Skin colour black, yellow, white, blue, I don’t care. As long Malaysia boleh naik ke taraf dunia, I’m game for it!

Posted by takashi86 > 2018-11-24 17:22 | Report Abuse

Then u gonna abolish other language now, the main issue we facing is too much gap between races...

Like it or not, u nid to hv one language of school, take bahasa or english doesnt matter, but we cant hv 3-4 type of primary school...

Look at usa, did they hv spanish primary school?
China, they hv hokkien or cantonese school?
Thats why they unify and can be great...

We r like india, india hv hindi, punjab, tamil, and even ENGLISH based school...

U wanna biz stage look into gud result without skin color in malaysia?

Not in our lifetime...

Posted by Daily8 > 2018-11-24 17:25 | Report Abuse

zerocool7199 Simedarby plantation report out.profit drop 89% from previous year..cpo price if low for longer period with current debts in hand fgv is hardly to survive..goodluck to all
24/11/2018 07:53

This is the most nonsense comment ever written in i3. Can't even read the quarter report, why bother to create havoc here?

Posted by Daily8 > 2018-11-24 17:26 | Report Abuse

Sime Darby Berhad reported a profit before interest
and tax (PBIT) of RM347 million and a net profit of RM225 million for its first quarter ended30 September 2018 (Q1 FY2019) for its continuing operations, which comprises the Group’sIndustrial, Motors, Logistics and Healthcare businesses. Its revenue for continuing operationsfor the quarter is RM8.8 billion, an increase of 8.6 per cent year-on-year (YoY).

Posted by Daily8 > 2018-11-24 17:55 | Report Abuse

takashi86 Then u gonna abolish other language now, the main issue we facing is too much gap between races...

Like it or not, u nid to hv one language of school, take bahasa or english doesnt matter, but we cant hv 3-4 type of primary school...

Look at usa, did they hv spanish primary school?
China, they hv hokkien or cantonese school?
Thats why they unify and can be great...

We r like india, india hv hindi, punjab, tamil, and even ENGLISH based school...

U wanna biz stage look into gud result without skin color in malaysia?

Not in our lifetime...
24/11/2018 17:22


Malaysia have a different setting compared to Spain and America. Yes, all races are unified under 1 language. We have Bahasa Malaysia. During my schooling days, it is Bahasa Malaysia. Then, when the education system changed. They even changed Bahasa Malaysia as Bahasa Melayu.

Question is why Bahasa Malaysia become Bahasa Melayu? Can't you get it? The Leader of every departmentals are important. New Leadership will set their own thoughts and strategy. They influenced the people in the department to follow his rules.

Every language we speak channel out the same meaning to the listener. If you said "I love you" in English, "Wo Ai Ni" in Mandarin and " Saya sayang kamu" in BM, does it mean anything different?

Who as Malaysian cannot understand single word of Bahasa Malaysia. Many will but there are still some people, driven by wanting a "space" and confirmation to be looked in the society. If signboard demand 3 languages for every roads, it shows Malaysia derived of 3 races. Then, what about Iban, Kadazan and Portugese?

Malaysia have no time to waste to fight over the signboard language. We need the new gov to do MORE. Rakyat need to oppress the government to work towards efficiencies in every departments and ministries.

Wanna know the ugly truth?

Our real gap is the smart, the speed, the efficient, the problem solver, the positive mentality. THE MORAL VALUES AND GENETICS.

I have seen very smart black, coco, white, teh tarik people. There are also the stupid ones.

Malaysia need to build up the smart and intelligent the 99% because the wealth distribution is getting highly unfair in ratio and getting worse in years to come.

Posted by Daily8 > 2018-11-24 18:17 | Report Abuse

Inject the smart, the brainy, the high moral values, management team.

Be ready in 5 years time, FGV can turn around as a profit company!

Posted by dam82 > 2018-11-24 18:36 | Report Abuse

Buy for future ...if you have holding power invests in FGV

Posted by EatCoconutCanWin > 2018-11-24 18:46 | Report Abuse

FY19 still no future for FGV as PH no money to support them.. too many debt 8billion totally. low price of CPO as too many harvest and china already reduce to import and europe ban it .

Posted by Jeffreyteck > 2018-11-24 19:14 | Report Abuse

Internal corruption issues unresolved, labor issues, low palm oil price, competitive neighbouring countries produces, global trade conflicts, bilateral trade with the most populated country, global market sentiments, etc.

Posted by maney > 2018-11-24 19:32 | Report Abuse

Delist. Privatize la!

Posted by maney > 2018-11-24 19:33 | Report Abuse

Continue like this, investors habis!

Posted by maney > 2018-11-24 19:35 | Report Abuse

If serious want to sweep clean, need to use new broom. Wroom brooommm...

No point just pass baton.

Posted by zerocool7199 > 2018-11-24 22:45 | Report Abuse

Daily8..then wish you goodluck

Posted by Ron90 > 2018-11-26 01:00 | Report Abuse

better dont touch this counter la..told that months ago, but many ppl still buy thinking that.. mahathir visit to china, palm oil price increase etc.. ..now got burnt badly..this one ..damage beyond repair

Posted by dam82 > 2018-11-26 09:03 | Report Abuse

After QR below 1 ... just wait

Posted by FGV_ > 2018-11-26 09:30 | Report Abuse

As usual postings by dam82 really damned.

Posted by FGV_ > 2018-11-26 09:31 | Report Abuse

VictorYong pls post when mkt hour.

Posted by Victor Yong > 2018-11-26 09:31 | Report Abuse

http://www.klsescreener.com/v2/news/view/460930

Posted by FGV_ > 2018-11-26 09:32 | Report Abuse

MACC pls check on FGV ex-directors and jail them if possible.