Posted by dam82 > 2018-12-01 09:16 | Report Abuse

Why gap down

Posted by dam82 > 2018-12-01 09:21 | Report Abuse

Also who is buying now with such large volume

Posted by jolow > 2018-12-01 09:23 | Report Abuse

without impairment, they loss 123 million
continue like this, every year they will loss half a billion.
if they want to survive, they will right issue just like MAS.

Posted by necro > 2018-12-01 10:53 | Report Abuse

will end up like MAS,RENONG & PERWAJA...but I sure there will another bail out by government...

EPF make wise decisions under Sharil by dispose FGV even cost hundreds of millions, im really sure there will be right issue or debt issue to pare down debts & internal reorganisation..

Those settlers surely take the effect because they were also shareholder.

I dont know what cost those settlers,shareholder or government must take to save FGV but its really important than previous job of saving MAS,PERWAJA,RENONG & Bank Bumiputra.

Posted by necro > 2018-12-01 11:00 | Report Abuse

I hope gov give settlers option & help(financial + technical ) to plant short medium crops like banana,chili,lemon gras etc to increase their short medium income

Posted by Daily8 > 2018-12-01 11:16 | Report Abuse

jolow, Azhar already mentioned this impairment if final. No more impairment. I strongly believed once CPO price appreciate, the profit will starts to come in.

Megat Zaharuddin said need MINIMUM 2 years. Nobody will simply put up a statement like that.

WHY on earth there are people commented that FGV is like MAS?? Hello, MAS how many assets they have? Death was involved in the MH370! FGV who died?

The thousands aches of land is not worth any money? The paim oil is worthless???

Posted by Tongkarat > 2018-12-01 11:43 | Report Abuse

Aiyoooooooooooooooo...aiyoyo

Posted by dam82 > 2018-12-01 12:23 | Report Abuse

ts close peer such as Genting Plantations Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

reported a third quarter (ended Sept 30) net profit that shrunk to RM23.51mil from RM76.46mil a year ago, below consensus estimates.

Genting Plantation’s profit decline had been blamed on the falling CPO price despite higher fresh fruit bunch (FFB) production.

Already on a downtrend, FGV’s stock had seen further declines following the shock quarterly loss that was publicly announced on Wednesday.

The counter closed yesterday at 88.5 sen – its historical low since it got listed in June 2012 – with a current market capitalisation of RM3.23bil.

The group’s poor financial performance is attributable to, among others, the drop in CPO prices.

CPO futures are now hovering near three year lows at RM1,865 per tonne at the time of writing due to various factors including rising inventories in Malaysia – the world’s second-biggest exporter of the commodity – and weak demand.

CPO futures hit a multi-year low of RM1,759 per tonne earlier in November.

Despite a set of negative financial results last week, all except for one research house continue to rate FGV a “hold” or “neutral”, according to a Bloomberg poll.

FGV’s third quarter earnings were below MIDF Research’s expectations and it is now telling investors to brace for a worse core net loss of RM97mil (previously RM73mil) for FY18.

“FY19 core earnings have also been reduced to RM33mil (from RM74mil). We have assumed lower FFB production for FGV,” MIDF Research says.

The research house rates FGV a “neutral” with a lower target price of 91 sen from RM1.54 previously, with its target price-to-book ratio also being reduced to 0.7 times from 1 time after taking into consideration its weak earnings prospect.

Meanwhile, Affin Hwang Capital Research says in its report that it is now forecasting a core net loss of RM75mil for FGV in FY18.

It has also cut its forecast FY19-FY20 core earnings per share (EPS) by 41.2% and 39.2%, respectively, after the weak third quarter results, as it anticipates weaker performance from the company’s sugar and plantation divisions.

“In tandem with our lower earnings forecasts, we reduce our target price for FGV to 88 sen (from RM1.50 previously), based on an unchanged 25 times price-to-earnings ratio applied to our core EPS for the forecast FY19.

“We maintain our ‘hold’ rating on the stock on valuation grounds,” Affin Hwang says.

While all may seem bleak at the moment for FGV, a potential upside that the market could have overlooked may come from a transformation plan that was unveiled in October 2018.

Affin Hwang Capital says it is cautiously optimistic on the publicised plan, pointing out a similar turnaround strategy that was introduced in early-2017.

“We believe the transformation plan should help improve FGV’s productivity and cost management, going forward,” it says.

It was reported that FGV’s earnings for FY17 jumped 356% to RM143.73mil from RM31.46mil in FY16. The strong results for FY17 were then attributed to improved performance from the plantation as well as logistics and other sectors.
It was reported that the transformation plan this time around will see FGV identifying several areas for improvement. It is also working to restore the operational integrity of its plantations.

Steps for the next three to six months in its latest turnaround plan include a full review of the harvesting, evacuation and logistics processes to enhance the implementation of structural block harvesting systems and good farming practices, in order to increase mill utilisation to reduce cost, and improve efficiency and quality.

Whether FGV’s transformation plan that was unveiled in Oct 2018 would be a fine repeat of recent history or not is still anyone’s guess, but it would definitely be sweet-tasting for investors who are willing to take a risk and buy into its shares at presently depressed prices.


Read more at https://www.thestar.com.my/business/business-news/2018/12/01/market-expecting-worse-to-come-for-fgv/#H50ZhsWsPireuOWT.99

Posted by dam82 > 2018-12-01 12:29 | Report Abuse

FGV in shit position now .. don’t expect the share will be rebound anytime soon .. we have people who bought this share with some shitty price and will press down the price more and more …
Palm Oil should be recovering soon worse case scenario we might need to wait for another few more years and the good part if this is the first time FGV actually is in red YoY … FGV is obligated to pay dividend to FELDA which means it have no choice to buck of the performance …. if delist still the offer price will be more than Rm 1 .

If Felda want to take back their land much better since billions needs to be paid …. FGV will do divestments which valued for few hundred millions of ringgit according to Azhar .

I think for now hold on with FGV is you bought higer then the current price how worse It can compared to now ?

https://www.financialexpress.com/economy/global-palm-oil-output-likely-to-drop-after-2022-says-report/1212657/

Posted by henry888 > 2018-12-01 12:44 | Report Abuse

May be have to wait for DSAI to become PM to change the international platform of Malaysia that is suitable for the business of FGV.

Posted by Tongkarat > 2018-12-01 14:29 | Report Abuse

Aiyoyo...

Posted by Daily8 > 2018-12-01 16:04 | Report Abuse

THE MORE NEGATIVE OUTLOOK COMING OUT ON CPO, the more it will be in eyes of the hungry ghost

Posted by Daily8 > 2018-12-01 16:06 | Report Abuse

And THE MORE U GUYS BAD MOUTH THUS SHARES; the more it will waterfall.

Posted by mf > 2018-12-01 16:10 |

Post removed.Why?

Posted by jolow > 2018-12-01 16:54 | Report Abuse

this rubbish counter is eye-sore to bursa.
Better pn17 and delisted.
Tow Sui Ka.

Posted by freddiehero > 2018-12-01 16:58 | Report Abuse

new gov new management

Posted by newbie5354_ > 2018-12-01 18:11 | Report Abuse

If plant CPO cannot make money why not plant fruit like Musang King, coconut, banana, etc?

Posted by newbie5354_ > 2018-12-01 18:12 | Report Abuse

Why not ask govn to bear some of FGV expenses on Felda settlers?

Posted by newbie5354_ > 2018-12-01 18:13 | Report Abuse

Can govn takoever some of FGV debts?

Posted by thenextwave > 2018-12-01 18:21 | Report Abuse

Another bad news
https://klse.i3investor.com/blogs/savemalaysia/184614.jsp

Posted by dam82 > 2018-12-01 18:55 | Report Abuse

FGV already responded ....regarless what news coming in the share will go down till CPO recover

Posted by Sri Intan > 2018-12-01 19:30 | Report Abuse

sohai.... 5 trading day, decrease 30 cent

Posted by henry888 > 2018-12-01 19:32 | Report Abuse

Chinese said "Hu Lo Peng Yang" bullied by dog.

Posted by FGV_ > 2018-12-01 20:45 | Report Abuse

Mohd Isa, ex-CEO named in second FGV multi-million ringgit suit
https://m.malaysiakini.com/news/454264

Posted by smartinvestor2 > 2018-12-01 20:53 | Report Abuse

this counter full of shit.

Posted by FGV_ > 2018-12-01 20:53 | Report Abuse

FGV to make changes after 'forced labour, trafficking' claims
https://m.malaysiakini.com/news/454274

Posted by dam82 > 2018-12-01 20:58 | Report Abuse

No light at the end of tunnel ..I would now surprise FELDA is also selling since now they not able to pay settlers for kos sara hidup ...really damned ..with this stock now

Posted by FGV_ > 2018-12-01 21:01 | Report Abuse

Felda sell where got announcement? Not i3 forumers margin call more true?

Posted by dam82 > 2018-12-01 21:15 | Report Abuse

Yes no annoucement .. but then who is selling with the large volume and who is buying ,.. since listing friday was the largest volume where FGV traded ...

Posted by dam82 > 2018-12-01 21:44 | Report Abuse

http://www.kinibiz.com/story/issues/9020/winners-and-losers-of-the-fgv-listing.html

http://www.kinibiz.com/story/issues/8623/is-the-fgv-story-all-gloom-and-doom.html

Some old news on FGV intresting

Posted by Tongkarat > 2018-12-02 10:01 | Report Abuse

Aiyoyo...

Posted by mf > 2018-12-02 14:01 |

Post removed.Why?

Posted by zerocool7199 > 2018-12-02 14:47 | Report Abuse

Next week see 7 head...RIP

Posted by Daily8 > 2018-12-02 16:33 | Report Abuse

Exchanged hands taken place at 885. Volume high!
Who bought and who sold on Friday at 4.50pm????!

Posted by 5354_ > 2018-12-02 16:37 | Report Abuse

Who owe FGV and why the figure keep increase?

Posted by 5354_ > 2018-12-02 16:39 | Report Abuse

Unaudited As at 30 September 2018
Unaudited As at 31 December 2017
Unaudited As at 1 January 2017
Amount due from a significant
shareholder 303,206 215,389 182,531

Posted by dam82 > 2018-12-02 16:43 | Report Abuse

don't get it ..5354_

Posted by dam82 > 2018-12-02 16:45 | Report Abuse

FELDA need to Pay few millions and FGV need to pay back as well if i am not mistaken

Posted by 5354_ > 2018-12-02 16:45 | Report Abuse

Impairment loss on intangible assets 561,827(like SapNrg big loss?). This is non-cash loss that make FGV drop too 88.5 sen all time lowest.

Posted by apolloang > 2018-12-02 16:49 | Report Abuse

ini bursa banyak company impairment no check ar? all ambil money and run away overseas that why ringgit pun jatuh. must tell LGE to investigate bursa ini

Posted by 5354_ > 2018-12-02 16:53 | Report Abuse

Two FGV officials among 11 candidates for CEO, says Azhar
Read more at https://www.thestar.com.my/business/business-news/2018/10/09/two-fgv-officials-among-11-candidates-for-ceo-says-azhar/#FtClCmIIrriKczq1.99

Posted by 5354_ > 2018-12-02 16:56 | Report Abuse

https://ms.wikipedia.org/wiki/Azhar_Abdul_Hamid

Posted by 5354_ > 2018-12-02 17:01 | Report Abuse

Part 3: Datuk Azhar’s To-Do list at FGV for 2018
http://ipom.global/2018/01/04/part-3-datuk-azhars-to-do-list-at-fgv-for-2018/

Posted by 5354_ > 2018-12-02 17:04 | Report Abuse

To protect its unit holders — us, the employees — from further losses, EPF sold all its shares in FGV in July. EPF said it was especially concerned with the lack of separation between its board of directors and the major shareholders, namely the government.

Posted by 5354_ > 2018-12-02 17:05 | Report Abuse

Few people are aware of the co-called ‘Golden Share’ the government has in FGV and many, many other GLCs, where it is allowed to make important decisions on its own, without asking the permission of other shareholders. With the appointment of Datuk Azhar as Chairman, this concern remains.

Posted by 5354_ > 2018-12-02 17:06 | Report Abuse

EPF had previously also said that the chairman’s salary of RM2.67 million in 2016 was too high when compared to profits of RM31.5 million. This concern is a fair one. After all, which prudent business pays its Chairman a salary that is almost ten percent of its entire profits for the whole year?). As of now, it remains to be seen if Datuk Azhar will be paid the same amount, and whether it will be fair compared to the company’s performance.

Posted by 5354_ > 2018-12-02 17:15 | Report Abuse

3 Masters degree CEO(Emir Mavani, Z, Azhar) make FGV drop 80% in 6 years since 2012 IPO. Lim Goh Tong, IOI Lee Shin Cheng no need degree also can become successful. Where lies the difference?

Posted by alam Rafik > 2018-12-02 17:21 | Report Abuse

At right time my friend David timothy ..suggest me FGV will slipped be care ful la......and it happens...it have trading volume good but in downward position.

Posted by 5354_ > 2018-12-02 17:27 | Report Abuse

How abt Felda and FGV, Rafizi? Under PH got improvement?

Posted by 5354_ > 2018-12-02 17:28 | Report Abuse

Saya akan terus bersuara - Rafizi
https://www.bharian.com.my/berita/nasional/2018/12/504364/saya-akan-terus-bersuara-rafizi