Posted by emil > 2018-12-06 20:34 | Report Abuse

yaya...wait for durian runtuh kena duri hit TP 50sen...

Posted by ke9999 > 2018-12-06 20:40 | Report Abuse

tunggu dulu lah

Posted by gerdosh > 2018-12-06 20:57 | Report Abuse

Ada yg masih hold this share?

Posted by 5354_ > 2018-12-06 22:31 | Report Abuse

Felda begins disposal of assets to accommodate liabilities
https://www.edgeprop.my/content/1452062/felda-begins-disposal-assets-accommodate-liabilities

Posted by Daily8 > 2018-12-06 22:48 | Report Abuse

5354, Felda need to act fast on disposal and hopefully the dark clouds over FGV can be released.

Posted by Tongkarat > 2018-12-06 23:06 | Report Abuse

Aiyooooooooooooooooooooooo...

Posted by sogeking > 2018-12-06 23:23 | Report Abuse

Aiyo tong

Posted by Harris76 > 2018-12-07 01:53 | Report Abuse

from a year ago, every night before I sleep,I dream for another recession and wish this counter to drop to rm0.70. Looks like it’s approaching, any price below rm0.70 good to grab.

Posted by steve_usa > 2018-12-07 07:13 | Report Abuse

Harris, no harm to keep dreaming...you might reach your goal! FGV main core objective is to look after the poor Malay settlements in those days and the new PH Government can't afford to keep the share price any lower, or else PH only can be a 1 term in Government! So who is still dreaming now...PH or U?

Posted by hollandking > 2018-12-07 07:31 | Report Abuse

anything is possible, it might drop further.

Posted by hollandking > 2018-12-07 07:35 | Report Abuse

Look at this news, they revealed part of it only. I don't know if they dare to reveal all after completing their investigation. If there's more, it isn't wise to reveal all given the current stock price. Not sure if should or shouldn't reveal all. Revealing all while may give the counter a black eye but maybe due to the transparency, it might later gain traction with investor

Posted by hollandking > 2018-12-07 07:35 | Report Abuse

https://www.nst.com.my/business/2018/08/405796/fgv-forensic-audit-team-reveals-four-adverse-transactions

Posted by hollandking > 2018-12-07 07:37 | Report Abuse

but if is me managing the case, i would reveal all and at same time implement core reforms to instill public confidence. While there may be negative reaction but it actually clear all the doubts once and for all and will build the foundation for going up provided the reforms that are provided are not mediocre but something impressive.

Posted by hollandking > 2018-12-07 07:39 | Report Abuse

do u not noticed this counter is achieving lower lows?

Posted by Victor Yong > 2018-12-07 07:46 | Report Abuse

:)

Felda committed to assist 100,000 smallholders obtain MSPO certification
Bernama
/
Bernama

December 06, 2018 20:43 pm +08


KUALA LUMPUR (Dec 6): The Federal Land Development Authority (Felda) is committed to assist 100,000 smallholders from 286 Felda settlements obtain the Malaysian Sustainable Palm Oil (MSPO) certification for 431,430 hectares (ha) of oil palm plantation.

In a statement today, Felda said compliance with the MSPO offered many benefits for smallholders, including helping them in branding their palm oil products and giving them a higher export competitive edge, especially in environmentally sensitive markets like the European Union, the United States and Australia.

Other benefits include a more effective and systematic management, helping to achieve the country’s aspiration in ensuring a sustainable palm product output, potentially enhancing yield and improving oil extraction rate by using the Best Management Practices.


To date, 120 oil palm settlement schemes or almost 42 per cent of oil palm schemes in the country have obtained MSPO certification, involving 175,950.21ha of plantation land.

Meanwhile, 166 other schemes, involving 225,480.23ha of plantation land, are expected to be MSPO certified by end-2019.

Felda said it is working together with a third-party auditor and other agencies to obtain the certification and ensure transparency in the initiative towards producing sustainable palm oil.

Posted by Tongkarat > 2018-12-07 07:49 | Report Abuse

Aiyoyo...

Posted by Victor Yong > 2018-12-07 07:49 | Report Abuse

bagus :)

Sarawak will cease palm oil plantation expansion, says Teresa Kok
PLANTATIONS
Thursday, 6 Dec 2018

2:21 PM MYT

Sarawak’s state govt will not issue new licences for plantation expansion, Teresa Kok says.
Sarawak’s state govt will not issue new licences for plantation expansion, Teresa Kok says.

KUALA LUMPUR: There will not be any more expansion of palm oil plantations in Sarawak, according to Primary Industries Minister Teresa Kok on Thursday.

Sarawak’s state govt will not issue new licences for plantation expansion, Kok says at industry event near Kuala Lumpur


Sarawak is Malaysia’s second-biggest palm growing state; Malaysia is world’s No. 2 palm oil producer.

About 1.26 million ha of palm oil area in Malaysia has gained Malaysian Sustainable Palm Oil certification, representing 21.7% of country’s total palm planted area, she said.

Certification scheme will be made mandatory by December 2019; all palm oil exports must fulfill requirements under MSPO by January 2020.

Palm oil prices are facing a cyclical downturn and will likely improve next year, Kok says. - Bloomberg


Read more at https://www.thestar.com.my/business/business-news/2018/12/06/sarawak-will-cease-palm-oil-plantation-expansion/#yU8Jakt4sZrJ4Md8.99

Posted by Victor Yong > 2018-12-07 07:52 | Report Abuse

shortsellers, close position :)

Malaysian palm oil price rebounds from one-week low
PALM OIL
Friday, 7 Dec 2018

6:46 AM MYT


The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 0.5 percent at 2,005 ringgit ($481.74) a tonne at the close.
The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 0.5 percent at 2,005 ringgit ($481.74) a tonne at the close.

KUALA LUMPUR: Malaysian palm oil futures recovered from a one-week low hit earlier on Thursday as traders forecast slowing output amid some short-covering.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 0.5 percent at 2,005 ringgit ($481.74) a tonne at the close.


It earlier dropped to 1,979 ringgit, its lowest since Nov. 28, tracking weakness in other related edible oils and crude.

Trading volumes stood at 49,351 lots of 25 tonnes each at the end of the trading day.

"The market is supported by the production factor," said a Singapore based trader, explaining that output is expected to ease in December from the previous month.

Official data for November is scheduled for release on Dec. 10 from the Malaysian Palm Oil Board.

Another trader added that the market was also up on some short covering.

A Reuters poll on Wednesday showed that Malaysia's palm oil stocks at end-November are likely to touch the 3-million-tonne mark, their highest in recent years, as the drop in exports outpaced lean production.

November production is seen falling 2.1 percent to 1.92 million tonnes, while exports are forecast to drop 10.6 percent to 1.41 million tonnes.

In other related oils, the Chicago December soybean oil contract was down 0.3 percent, while the January soybean oil contract on the Dalian Commodity Exchange fell 0.4 percent.

Palm oil is impacted by movements of other edible oils, as they compete for a share in the global vegetable oil market. - Reuters


Read more at https://www.thestar.com.my/business/business-news/2018/12/07/palm-rebounds-from-one-week-low-on-slowing-production-outlook/#6oUzyPAgHabMVEg7.99

Posted by Victor Yong > 2018-12-07 08:02 | Report Abuse

good to stop further expansion of existing palm oil plantation in sarawak plus increase the content of palm oil in diesel... hopefully, increase till 20% like indonesia.

Reduce or curb supply and increase demand, good move :)

Posted by Muarmali > 2018-12-07 08:42 | Report Abuse

Today it will rebound a bit .. :))

Posted by Victor Yong > 2018-12-07 08:54 | Report Abuse

bagus, bulan depan sudah next year :)

We expect global palm oil prices will only recover next year and until then, we’ll strive to find ways to mitigate the problems soonest,” said Megat Zaharuddin.

On the update of a White Paper on Felda’s strategic rehabilitation plan, he said it would be tabled in the Dewan Rakyat on Dec 10 and the government agency had given all the documents needed by the government.

“We are always in discussions with the Economic Affairs Ministry and they have all the information needed,” he said.

In August, the government said that it would be presenting the White Paper to expose Felda’s real situation and chart ways to revive the beleaguered agency founded in 1956.

On the Malaysian Sustainable Palm Oil (MSPO) certification, Megat Zaahruddin said Felda aspired to abide by the rules by getting all of its plantations 100% MSPO-certified next year from 42% at present. — Bernama

Posted by Jonathan Keung > 2018-12-07 08:57 | Report Abuse

more abuse and mismanagment will be reveal in the white paper

Posted by steve_usa > 2018-12-07 09:37 | Report Abuse

Victor, it's very hard or come to zero to find a person like you to share your inputs on FGV and mostly were very informative and constructive. Appreciated your effort!.....sharing is caring!

Posted by signalmw > 2018-12-07 09:39 | Report Abuse

he is fan

Posted by steve_usa > 2018-12-07 09:41 | Report Abuse

My Mongolian Cifu predicted Azmin Ali will be the next 8th PM Malaysia, not Anwar Ibrahim!

Posted by Victor Yong > 2018-12-07 09:46 | Report Abuse

new govt, new primary industry minister , new economic minister, new ceo, new cfo, etc etc for fgv, all wanted to.ensure fgv survival n growth, no reason to fail

Posted by Muarmali > 2018-12-07 10:12 | Report Abuse

Rebound a bit and sink further. :)))

Posted by Muarmali > 2018-12-07 10:13 | Report Abuse

The new top management must remove all the low performance staff.

Posted by FGV_ > 2018-12-07 10:13 | Report Abuse

If sink further PH govn sink together.

Posted by Muarmali > 2018-12-07 10:15 | Report Abuse

Then you should ask the PH government to bank in money directly to your bank account :)))))))))

Posted by Muarmali > 2018-12-07 10:17 | Report Abuse

Free water, free sunlight and almost free land also cannot generate profit. You should blame the former government for working too hard to make it a failure. :))))))

Posted by 5354_ > 2018-12-07 10:20 | Report Abuse

Listing FGV was BN downfall.

Posted by Muarmali > 2018-12-07 10:27 | Report Abuse

Instead of asking the new government to spend money to support the shares price or company to buy back shares, you should attend the AGM and ask the board of directors how to improve the business operation. :)))

Posted by tshu99 > 2018-12-07 10:43 | Report Abuse

may be right issue

Posted by tshu99 > 2018-12-07 10:43 | Report Abuse

may be right issue

Posted by 5354_ > 2018-12-07 11:13 | Report Abuse

Sell FGV to British or China. Malay not good at managing.

Posted by Victor Yong > 2018-12-07 11:18 | Report Abuse

Always + cash flow from operating activities. Cukup cash

Posted by Muarmali > 2018-12-07 11:24 | Report Abuse

cukup cash but not making profit is called half dead. :))))))

Posted by tshu99 > 2018-12-07 11:25 | Report Abuse

what is the privatisation price ? minority shareholder how much lost

Posted by tshu99 > 2018-12-07 11:25 | Report Abuse

lost-loss

Posted by Muarmali > 2018-12-07 11:28 | Report Abuse

Many oil palm smallholders are selling off their land especially those with more than 25 years old trees. They see no future in palm oil. They goreng the land price to RM100k per acre and many city fools rush to buy the land. :)))

Posted by 5354_ > 2018-12-07 11:33 | Report Abuse

Sell to Chinese(locals) Malay lose face? Sell to foreigners face still have?

Posted by 5354_ > 2018-12-07 11:35 | Report Abuse

Privatise FGV nobody care what Malay do?

Posted by 5354_ > 2018-12-07 11:37 | Report Abuse

If say govn no money why cannot use Petronas money?

Posted by Muarmali > 2018-12-07 11:38 | Report Abuse

Palm oil price is dirt cheap but agriculture land price keep shooting up. Low return from the land but there are many stupid people rush to buy the land. You want to make money you must identify this kind of stupid people in the free market. Willing seller willing buyer. Just like one night stand. :))))))

Posted by 5354_ > 2018-12-07 11:39 | Report Abuse

Sarawak also want Petronas money why PH govn don't know?

Posted by Muarmali > 2018-12-07 11:40 | Report Abuse

Use Petronas money to support shares price ??? You are smarter than Donut Trump. :))))))

Posted by Muarmali > 2018-12-07 12:11 | Report Abuse

FGV should sell all non performing and non core business. Stay focus on the core business. This is the question you should raise in AGM not asking the new government to bail out. :)))

Posted by 5354_ > 2018-12-07 12:16 | Report Abuse

BN stingy to privatise FGV so lose GE14. Will PH want to follow BN?

Posted by 5354_ > 2018-12-07 12:21 | Report Abuse

Azhar has helped Felda to privatise FGV at lower price by reporting big loss QR so now need less money.