Posted by beso > 2018-12-02 19:30 | Report Abuse

China starts buying us soy immediately after g20 summit will certainly put pressure on cpo price going forward, q4 onwards plantation sector will be very hard hit, avoid at all cost

Posted by Daily8 > 2018-12-02 19:35 | Report Abuse

Who said China bought us soy?
Show prove of figure and articlr

Posted by dam82 > 2018-12-02 19:37 | Report Abuse

China buy soya for feedstock ... good question where is the proof china buying our palm oil .. may be ask our Terresa kok

Posted by Daily8 > 2018-12-02 19:43 | Report Abuse

China bought soy bean from Brazil for a long time. With feeds and daily consumptions from China stemed from soy bean, It’s a norm for the soy bean to be hugely imported . rumours linger since earlier May 18 that China will reduce buying soy from America? China reduce only 10mil mt. it’s all speculation. Tariff slapped is still tariff slapped with 25%.China need to pay premium for soy bean.

Posted by Daily8 > 2018-12-02 19:44 | Report Abuse

CPO will start to climb up.. it will not down forever.

Posted by BN_better > 2018-12-02 23:19 | Report Abuse

Zahid: BN knows how to woo Chinese voters even if MCA leaves
https://www.freemalaysiatoday.com/category/nation/2018/12/02/zahid-bn-knows-how-to-woo-chinese-voters-even-if-mca-leaves/

Posted by dam82 > 2018-12-03 09:01 | Report Abuse

Gone case

Posted by dam82 > 2018-12-03 09:48 | Report Abuse

If you compare with DRB ... FGV is the worst .. i think we can only compare FGV with Bumi Armada or Sapura

Posted by dam82 > 2018-12-03 10:10 | Report Abuse

I think everyone should call their investor relation and question them instead talking here

Posted by Felda_settlers > 2018-12-03 10:29 | Report Abuse

FGV share plunge to make us better vote back BN next GE? After all Felda was started by Tun Razak BN PM.

Posted by Felda_settlers > 2018-12-03 10:32 | Report Abuse

UMNO(BN) cannot die. We now suffer under PH, a cheating govn.

Posted by Felda_settlers > 2018-12-03 10:37 | Report Abuse

Najib don't give up. We felt being conned.

Posted by Felda_settlers > 2018-12-03 10:39 | Report Abuse

Felda debts where got abolish? PH cheat to win GE14?

Posted by dam82 > 2018-12-03 10:48 | Report Abuse

i think Azmin white paper will have another blow to FGV .. so be prepared to 0.500

Posted by thenextwave > 2018-12-03 10:57 | Report Abuse

The management everyday talk cocxxk but no action. Talk since ipo until now but no result.... betul betul tiew lia sing

Posted by dam82 > 2018-12-03 11:04 | Report Abuse

management consist of idiots ... this Azhar is only a PR man ... i think everyone stuck big time here

Posted by dam82 > 2018-12-03 11:10 | Report Abuse

https://themalaysianreserve.com/2018/12/03/a-tough-financial-season-for-some-glcs/

Posted by geraldt9 > 2018-12-03 11:18 | Report Abuse

Felda_settlers Felda debts where got abolish? PH cheat to win GE14? ...... By all means, vote back those known corrupted SCumno bangsats back into power to screw your ' rear ' again !

Posted by 888newbie > 2018-12-03 11:45 | Report Abuse

Felda folks should sue their ex-directors to get back the stolen loot.

Posted by dam82 > 2018-12-03 11:47 | Report Abuse

What bout FGV ....it's a mid day robbery

Posted by Tongkarat > 2018-12-03 12:10 | Report Abuse

Aiyooooooooooooooooo...aiyoyo

Posted by trulyinvest > 2018-12-03 12:42 | Report Abuse

no rebound at all.. mayb need to drop until 50sen kikikiki

Posted by dam82 > 2018-12-03 12:58 | Report Abuse

CPO is re-bounding FGV going in other direction ... the current management also need to be sacked ..next election sure vote back to BN .. if FGV does not go back to IPO price before next election

Posted by Hua Ge > 2018-12-03 14:18 | Report Abuse

najib’s legacy is FGV listing

Posted by Hua Ge > 2018-12-03 14:18 | Report Abuse

May go back to par value...

Posted by Hua Ge > 2018-12-03 14:39 | Report Abuse

Scandal fgv is the worst in the corporate history

Posted by dam82 > 2018-12-03 14:46 | Report Abuse

Yes ...so many weeks without any rebound ....it will take years to go even beyond 1

Posted by Jonathan Keung > 2018-12-03 15:05 | Report Abuse

FGV hit by overpriced acquisition. takes years to recover and break even. worst still used borrow $$$ ( lessons for corporate Malaysia )

Posted by striker888 > 2018-12-03 15:06 | Report Abuse

Learn the lesson, buy only non bumi managed companies

Posted by Daily8 > 2018-12-03 15:09 | Report Abuse

APL bought at premium. Corruption definitely involved. Lots more to dig out from the gave of FGV. Azhar have long existed in FGV. How come his action was so slow?

Moreover, integrity of Azhar is questioned.

Posted by Jonathan Keung > 2018-12-03 15:10 | Report Abuse

committing fraud and overprice acquisition is non exclusive. it's cut across all races. greed and over ambition is their pitfall. using borrowed $$$ to fund acquisition is very subjective, good times YES. bad times ???

Posted by Felda_Sabah > 2018-12-03 15:15 | Report Abuse

Sandakan palm oil cluster gets new purpose as furniture hub
https://www.themalaysianinsight.com/s/115820

Posted by dam82 > 2018-12-03 15:24 | Report Abuse

This is the first year FGV reported loss and impairment ..I think a clear direction can be seen after the white paper ..off course Azhar and his team need to buck up ..Sorry don't buy into race factor..just look at serba

Posted by dam82 > 2018-12-03 15:29 | Report Abuse

It should be long and pain journey for those bought earlier ...

Posted by Daily8 > 2018-12-03 15:30 | Report Abuse

dam82, Talam was tabled white paper before. Try reading it.

Posted by PH_bodoh > 2018-12-03 15:44 | Report Abuse

IDSS sold behind drop? Why no announcement FGV sellers?

Posted by PH_bodoh > 2018-12-03 15:46 | Report Abuse

PH stupid govn. Cannot catch Chinese IDSS crooks.

Posted by PH_bodoh > 2018-12-03 15:49 | Report Abuse

Armada, SapNrg and latest FGV same Chinese operator?

Posted by PH_bodoh > 2018-12-03 15:51 | Report Abuse

IDSS crooks only BN can catch?

Posted by dam82 > 2018-12-03 15:55 | Report Abuse

PH will pay the price if FGV is not at least half of IPO Price...

Posted by zerocool7199 > 2018-12-03 16:02 | Report Abuse

Ph wont care our emerging market wan la..dont dream they will help..they just slashed down many counter outside even bluechip..fgv fate everybody know la if gomen no out hand to bail..

Posted by PH_bodoh > 2018-12-03 16:05 | Report Abuse

Jail the IDSS crooks PH don't know?

Posted by dam82 > 2018-12-03 16:10 | Report Abuse

FGV is different cause ...it's directly relates to settlers ...

Posted by hollandking > 2018-12-03 16:11 | Report Abuse

what u smoking? FGV is a creation of BN. Dont spin

Posted by hollandking > 2018-12-03 16:12 | Report Abuse

what an A hole, BN created the whole mess, then ask ppl to support BN back

Posted by dam82 > 2018-12-03 16:22 | Report Abuse

Yes but PH is no longer an opposition..FGV not going to do wonders overnight but there are obligated to fix this ..

Posted by PH_bodoh > 2018-12-03 16:34 | Report Abuse

If PH cannot change their opposition mindset let them be changed in GE15.

Posted by dam82 > 2018-12-03 16:38 | Report Abuse

FGV not making money means ..no additional money for FELDA expect for LLA and Profit Sharing 25%... ..which FELDA short of find

Posted by dam82 > 2018-12-03 16:38 | Report Abuse

Dividend is a must frm FGV after 2020

Posted by commonsense > 2018-12-03 16:51 | Report Abuse

In their most recent reports, all 4 analysts (Affin, Aminvest, Kenanga and MIDF) are expecting further losses for FGV in 4Q18. So when the result is out, expect further selling pressure from the market (4Q17 result was RM76mil PAT).

That being said, all 4 research houses also projected that FGV will turn around and record a profit ranging from RM32mil to RM130mil in FY19 (the wide target profit shows the difficulties of forecasting the company's performance even for a 12 months fwd earning).

For those that are interested in the company due to the potential turnaround story, it would be advisable for you to wait and see concrete results coming from the management turnaround plan. Given that 4Q18 is expected to be negative, result of 1Q19 should provide an indication on whether management plans are working or not. So better wait till then.

If you are interested in the plantation industry then you should try to look at other companies first (at least until the FGV is really on a stable footing). You will notice that most plantation stocks have fallen but PE valuation is still high but this is normal given that the industry cycle is currently at the bottom as reflected by the CPO price. It is better for you to do a PE calculation using Avg 5 years PAT to take into account the cyclical nature of the industry.

However, if you are interested in the company due to the fact that the company is currently trading at below its book value. Then it is also advisable for you to look beyond the plantation industries. Given the current market condition, there is actually a lot of companies that is currently trading at a discount to book value (most of the property development companies for example).

I would recommend you look at MBMR.

The company is a direct proxy to Perodua via its 22.6% interest. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already at RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17.

Please go through analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Good luck. Hope management turnaround plan would not disappoint the investing public especially since there is a lot of families especially the Felda settlers that are very dependent on this company success (from what i heard most of them took loans to subscribe to FGV IPO).