Posted by Weeyaa > 2018-12-05 15:15 | Report Abuse

795 going to clear...

Posted by johorean8 > 2018-12-05 15:15 | Report Abuse

Build port at Kukup estate land?

Posted by dam82 > 2018-12-05 15:19 | Report Abuse

Something is very much fishy here almost down every single day...FGV yet to make any statement

Posted by striker888 > 2018-12-05 15:36 | Report Abuse

Could be a speculation play at 70c

Posted by Weeyaa > 2018-12-05 15:36 | Report Abuse

technically will go deeper...

Posted by dam82 > 2018-12-05 15:39 | Report Abuse

Yup it's expected but FGV should have given statement on this..

Posted by dam82 > 2018-12-05 15:40 | Report Abuse

It's like waterfall ....and almost daily yet nothing coming out frm Azhar and his Team so pathetic

Posted by 8888_ > 2018-12-05 15:40 | Report Abuse

Azhar why keep quiet? He resign or sacked?

Posted by 8888_ > 2018-12-05 15:42 | Report Abuse

Even on sue case why counterparty never reply?

Posted by Hua Ge > 2018-12-05 15:44 | Report Abuse

Fgv is najib’s legacy . PH will put this in our history book

Posted by 8888_ > 2018-12-05 15:49 | Report Abuse

Actually QR impairment loss can be reversed if there is development plan on the concerned landbanks.

Posted by striker888 > 2018-12-05 15:49 | Report Abuse

Will continue to rot until they put in some competent management from other gene pools

Posted by matg > 2018-12-05 15:49 |

Post removed.Why?

Posted by Huilim1 > 2018-12-05 15:49 | Report Abuse

CARIMIN (CODE : 5257) ROCKSSS 0.325>>>>>>>>>>0.34, OUR 1ST TGT ACHIEVED
Text me on WHATSAPP: - +60-11-5794-1370

Posted by 8888_ > 2018-12-05 15:53 | Report Abuse

FGV so many landbanks why cannot build car factory, port, houses if CPO cannot fetch good price?

Posted by 8888_ > 2018-12-05 15:54 | Report Abuse

MAS 1 building only can sell where got same?

Posted by fgvnewbie > 2018-12-05 15:56 | Report Abuse

sifus Bursa no news on FGV sellers so those commenting bad here behind selling true?

Posted by Tongkarat > 2018-12-05 15:57 | Report Abuse

Aiyoyo...

Posted by fgvnewbie > 2018-12-05 15:57 | Report Abuse

I heard Azhar even bought more after QR true?

Posted by sogeking > 2018-12-05 16:06 | Report Abuse

Year end sale. Every day lower price offered.

Posted by gerdosh > 2018-12-05 16:10 | Report Abuse

Mari mari beli jual borong

Posted by Tongkarat > 2018-12-05 16:34 | Report Abuse

Aiyooooooooooooooooooooooo...

Posted by mahorse > 2018-12-05 16:51 | Report Abuse

Who can give the right answer why closing price is intentionally depressed daily? Illogical for those selling at 4.50pm to be so desperate to sell at all cost?

Posted by Savusavu > 2018-12-05 16:54 | Report Abuse

right answer is when the trend reverses be cool guys.

Posted by Ring > 2018-12-05 18:31 | Report Abuse

FGV is a total washout which i have telling day one. For sure fgv have to be privatised

Posted by dam82 > 2018-12-05 19:00 | Report Abuse

Finally FELDA is buying

Posted by takashi86 > 2018-12-05 21:15 | Report Abuse

Wao....i like how victor yong so hardcore in promoting fgv.

Short term chg not easy, it take times to recover bro.

Posted by Daily8 > 2018-12-05 21:21 | Report Abuse

Wan Azizah sued for defamation. Wow, never judge a book by its cover. She looked so nice...but....

Posted by Daily8 > 2018-12-05 21:21 | Report Abuse

Victor Yong,how much u bought FGV?

Posted by Daily8 > 2018-12-05 21:26 | Report Abuse

Looks like the major buyer on 30th Nov (FRIDAY) is none other KOPERASI!

Posted by mf > 2018-12-05 21:41 |

Post removed.Why?

Posted by Tongkarat > 2018-12-05 23:39 | Report Abuse

Aiyoooooooooooooooooo...

Posted by dam82 > 2018-12-06 01:05 | Report Abuse

This confirmed FELDA is not bailing out of FGV yet ...

Posted by Victor Yong > 2018-12-06 07:47 | Report Abuse

According to a Reuters report, Indonesia will not collect levies from exporters when prices are below a threshold of US$570 per tonne, and charge US$10-US$25 when prices are in the range of US$570-US$619 per tonne. The levy will increase to US$20-US$50 when prices exceed US$619 per tonne.

Previously, Indonesian exporters had to pay a levy of US$20-US$50 per tonne, irregardless of what palm prices were. The existing rules for export taxes remain the same.

In Malaysia, the CPO export duty was set at zero from September to December 2018 as the MPOB CPO value per tonne was lower than the tax threshold of RM2,250 per tonne.

Maybank Investment Bank Research said Indonesia’s move will benefit pure upstream planters based there and Malaysia’s exports.

“Indonesia’s downstream players will be the biggest losers as they now have to compete on a level playing field with Malaysian players in the export market.

“We are generally positive on this change as it may help to reduce Malaysia’s high stockpile,” it said.

Posted by mala173318 > 2018-12-06 08:29 | Report Abuse

today another 5 sen drop

Posted by dam82 > 2018-12-06 08:49 | Report Abuse

Today 50 sen lor

Posted by maselankacak > 2018-12-06 08:50 | Report Abuse

Cakap cakap takda basis. This what i like about i3 lol
Ok la if 50 sen i buy ><

Posted by dam82 > 2018-12-06 08:59 | Report Abuse

50 sen drop lor

Posted by Victor Yong > 2018-12-06 09:24 | Report Abuse

Takda lagi :)

KUALA LUMPUR: FGV Holdings Bhd, which is hopeful of finalising the candidate for a new CEO by end of January, expects no more major impairments after being dragged into the red for the third quarter ended Sep 30, 2018, with a RM788.0 million impairment.

“Once we finalise the selection of CEO, I will withdraw myself and remain as non executive chairman of the board,” FGV chairman, who is also serving as interim CEO, Datuk Wira Azhar Abdul Hamid (pix) said.

Posted by BN_better > 2018-12-06 09:30 | Report Abuse

Not only FGV need to change CEO, change govn back to BN also a must?

Posted by hollandking > 2018-12-06 09:31 | Report Abuse

go check fgv financial statement, that alone, not worth buying. I havent added the hidden liabilities

Posted by BN_better > 2018-12-06 09:32 | Report Abuse

Sime Plant also in trouble can we blame Bakke CEO as well?

Posted by hollandking > 2018-12-06 09:33 | Report Abuse

u can try sailang this counter, i can guess your ending , but since u r so optimistic, let's see who will be right

Posted by hollandking > 2018-12-06 09:33 | Report Abuse

keep long term, see what will happened

Posted by BN_better > 2018-12-06 09:48 | Report Abuse

If 61 year BN govn can fall in GE14 what is so special 1 term PH cannot be next GE?

Posted by Victor Yong > 2018-12-06 10:07 | Report Abuse

can this be realised as fgv has fallen to around 80sen now? :)

FGV a takeover target ?

CORPORATE NEWS

Saturday, 9 Jun 2018

By P Aruna

Speculation that world’s largest CPO company is being eyed resurfaces

THE world’s largest crude palm oil (CPO) producer, Felda Global Ventures Holdings Bhd  (FGV), may be a takeover target.

According to sources, the parties interested in the world’s largest crude palm oil producer could include local plantation companies looking to expand their landbank.

This is not the first time there has been speculation that FGV could be a takeover target.

Just recently – about two months ago – there was talk about FGV undergoing a possible restructuring or a takeover after a report by International Palm Oil Monitor in April claimed that three parties were in talks with the company.

The news portal said the parties were interested in a takeover or a restructuring of FGV, with an announcement expected prior to the May 9 general election.

FGV has denied the report, saying there was “no truth” in the story.

Now, talk about FGV being a possible takeover target has resurfaced, with sources indicating that Sime Darby Plantation Bhd is already conducting due diligence on the company.

When contacted, however, Sime Darby Plantation said it is not doing due diligence on FGV, but declined to comment on whether it is looking to acquire existing local companies as part of its expansion strategy.

“As with any other companies, Sime Darby Plantation is always open to consider all potential opportunities in the interest of maximising value for our shareholders.

“However, we have no further comments to add with regards to any acquisition of existing local companies at the moment,” it said in a statement to StarBizWeek.

The company says its immediate priority is to create more value for shareholders with its existing asset portfolio.

While it has its share of problems, it is clear why FGV could be an attractive takeover target.

As at March 31, 2018, FGV has total assets worth RM20.13bil, and boasts a total landbank of 440,577 ha in Malaysia and Indonesia, including its rubber estates, 10 refineries and 69 mills.

It is also the country’s leading refined sugar producer, through listed subsidiary MSM Malaysia Holdings Bhd  (MSM), commanding almost two-thirds of the domestic market share.

However, FGV is not without its problems.

FGV was listed in 2012, and was among the world’s biggest IPOs at that time.

Today, its shares are trading at only RM1.55, a far cry from its IPO price of RM4.55 when listed in mid-2012 .

The share price has fallen over the years due to poor financial results, allegations of corruption, management changes and acquisitions that were too expensive and organisational restructuring.

Poor management in FGV was among its key issues, which ultimately led to its cornerstone investor, the Employees Provident Fund, making a full exit in early 2017.

In its plantation business, the main problem was its old trees.

When the company was first listed, almost 50% of its palm trees were 21 years old and above, and analysts often cited this as a big drag on the company’s yield performance.

However, FGV has been conducting aggressive replanting between 13,000 ha and 15,000 ha annually over the past six years, and expects to slash the percentage of its old trees (21 years and above) to 33% this year.

It says the percentage of its young and prime aged trees will increase to about 47% this year from 30% in 2012.

On the political front, the new federal government has stated that it will not interfere in the management of government-linked companies.

FGV group president and chief executive officer Datuk Zakaria Arshad (pic) was recently quoted as saying that they had been assured there “will not be any more interference from politicians”.

This would be another major plus point for the company as it could significantly change public perception towards FGV.

Creating a giant

Hypothetically, a takeover or merger of the two companies – Sime Darby Plantation and FGV – would create a giant corporation, possibly the biggest in the global oil palm industry.

Sime Darby Plantation is the world’s largest oil palm plantation company by planted area, while FGV is the world’s largest CPO producer.

Ivy Ng, regional head of plantations research at CIMB Investment Bank Bhd, however, is of the opinion that Sime Darby Plantation is unlikely to enter an M&A at the moment.

“The company is looking at reducing its gearing and wants to focus on improving its business.

“From what we gather, M&A is not a top priority for Sime Darby Plantation now.

“Unless, of course, the deal is too good to refuse,” she tells StarBizWeek.

While the company may “take a look” at what FGV has to offer, whether it decides to pursue an acquisition is another issue, she says. “FGV’s estates are quite different from theirs and a takeover will significantly change how people look at Sime Darby Plantation. It

Posted by Victor Yong > 2018-12-06 10:08 | Report Abuse

It also just came out of a demerger exercise very recently,” she says.

Ng also notes that as both companies are large, any M&A activity would take a lot of time away from Sime Darby Plantation’s focus on improving its business.

“We would be neutral on the move, if it happens, depending on the pricing,” she adds.

Another analyst, who declined to be named, says such a move would make more sense if FGV is privatised first, before any takeover is done.

“FGV’s yield is relatively low and it has a lot of legacy issues. It a takeover is done at this point, it is likely to be at a big discount and this would be met with a lot of objection from shareholders who would expect fair compensation,” he says.

A takeover, he says, would be “very challenging” and uphill task.

“FGV should be privatised, restructured, and only then should they look at the possibility of an M&A,” he says.

Back in January 2017, there was talk about the possibility of FGV being privatised when Tan Sri Shahrir Samad, who had just been appointed Felda chairman at the time, said the option of delisting FGV was a possibility.

He was quoted as saying that Felda would first gather all opinions and consider all options available as well as weigh the risks involved in pursuing such an exercise.

Later in June, he said the matter was discussed in the initial stages, but “did not think it was necessary at this juncture”.

Posted by EatCoconutCanWin > 2018-12-06 10:12 | Report Abuse

my master said tp 0.495

Posted by apolloang > 2018-12-06 10:14 | Report Abuse

tell ur sifu to tell hadi lo so on sat he will protest....hahaha

Posted by Hua Ge > 2018-12-06 10:20 | Report Abuse

H.a. Org x org hntu x hntu