888newbie you are not 100% right. If sue poor people you cannot get back 100% money got meaning? Better think what you can earn more what already have is better.
nothing is forever down. Nothing is forever rotten. Take example of DRBH. During Proton time, rotten as hell. Price went down to 90cents and shot back to 2.60!
in a close environment, there's truth that it wont run far one, BUT when that close environment is no longer a close environment, it can fall as low as it wants.
No profit lor. Been raped by isa samad and cronies. Now that they're gone and they will compensate for the crime they have done, FGV will do reversal. Got chance?
without the farmers, without food on your table. Without the farmers, without make up for your wife and sisters. Without farmers, without calories intake for your health. without farmers, your car can't speed faster to work everyday. lol
Tun M decision to salvage the farmers is not wrong. Plantation is a hard work business. It's never an easy job. 77mil is just too little for them.
KUALA LUMPUR (Dec 21): The High Court today ordered former FGV Holdings Bhd chairman Tan Sri Mohd Isa Abdul Samad and eight others to file their statements of defence in the suit brought by the company to recover a RM514-million loss over its acquisition of London-listed Asia Plantation Ltd (APL) in 2014.
Lawyer Lavinia Kumaraendran, representing Mohd Isa, told reporters that High Court deputy registrar Farah Shuhada Ramli ordered all the defendants to file the statements by Jan 31, 2019, during case management in chambers.
“The next case management has been set for Feb 12, 2019, before High Court Judge Datuk Azimah Omar,” Lavinia said.
The others, besides Mohd Isa, who have to file the statements of defence, are FGV Holdings former president and CEO Datuk Mohd Emir Mavani Abdullah; former senior general manager (downstream cluster) Rasydan Alias Mohamed; former chief financial officer Ahmad Tifli Mohd Talha; and five former FGV non-executive directors, namely Tan Sri Ismee Ismail, Tan Sri Wan Aziz Wan Abdullah, Tan Sri Sulaiman Mahbob, Datuk Nozirah Bahari and Datuk Fazlur Rahman Ebrahim.
Lavinia also said that the nine defendants received a copy of the statement of claim on Dec 19 while five other defendants have yet to receive theirs.
They are former vice-president (business development of downstream cluster) Farisan Mokhtar and four former FGV non-executive directors, namely Datuk Omar Salim, Datuk Noor Ehsanuddin Mohd Harun Narrashid, Datuk Yahaya Abd Jabar and Datuk Faizoull Ahmad.
FGV Holdings initiated the legal action in November against the 14 people for the loss suffered from their failure to discharge their respective fiduciary duty, duty of fidelity and/or duty to exercise reasonable care, skill and diligence.
According to the company’s statement to Bursa Malaysia, the suit is over the company’s acquisition of 100% equity interest in APL via a voluntary conditional cash offer in 2014.
FGV is seeking, among other things, relief from the defendants for damages totalling RM514 million for loss from the acquisition of APL and, alternatively, damages for loss from the acquisition of APL to be assessed by the court.
KUALA LUMPUR (Dec 21): Malaysian palm oil futures fell as much as 1% in the first half of trade on Friday, in line for a second day of losses, weighed down by weaker overnight soyoil on the US Chicago Board of Trade (CBOT) and profit booking.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was down 0.8% at RM2,168 (US$519.03) a tonne at the midday break, after falling as much as 1% to RM2,164 earlier in the session.
Palm had traded at an eight week high earlier this week, and is up 4.8% for the week so far.
Trading volumes stood at 9,877 lots of 25 tonnes each at the midday break.
"The palm market is coming off today on some profit taking, and is also influenced by overnight soyoil," said a Singapore-based trader referring to CBOT soyoil.
Palm oil prices have been impacted by changes in soyoil prices in recent sessions, as they compete for a share in the global vegetable oil market.
The Chicago January soybean oil contract had declined 0.9% on Thursday, and was last up 0.3% on Friday.
US soybean futures had hit three-week lows on Thursday, as improving crop prospects in South America overshadowed renewed Chinese demand for US shipments.
Chinese importers are planning to make a third round of US soybean purchases within days after a trade war truce between Washington and Beijing this month triggered China's largest US soy purchases in six months.
Meanwhile, the January soybean oil contract on the Dalian Commodity Exchange fell 0.8% and the Dalian January palm oil contract dropped 1%.
Palm oil may fall into a range of RM2,121-2,150 per tonne, said Reuters market analyst for commodities and energy technicals Wang Tao.
Palm, soy and crude oil prices at 0511 GMT:
Contract Month Last Change Low High Volume MY PALM OIL JAN9 2115 -18.00 2112 2115 140 MY PALM OIL FEB9 2142 -23.00 2137 2164 1074 MY PALM OIL MAR9 2168 -17.00 2164 2184 5436 CHINA PALM OLEIN JAN9 4188 -44.00 4172 4246 19486 CHINA SOYOIL JAN9 5056 -42.00 5056 5128 28712 CBOT SOY OIL JAN9 28.27 +0.07 28.19 28.28 1250 INDIA PALM OIL DEC8 512.10 -2.60 512.10 514.5 36 INDIA SOYOIL JAN9 726 -2.65 726 729.4 1670 NYMEX CRUDE FEB9 46.28 +0.40 46.14 46.77 32295 Palm oil prices in Malaysian ringgit per tonne CBOT soy oil in US cents per pound Dalian soy oil and RBD palm olein in Chinese yuan per tonne India soy oil in Indian rupee per 10 kg Crude in US dollars per barrel
(US$1 = RM4.1770) (US$1 = 69.8380 Indian rupees) (US$1 = 6.8884 Chinese yuan)
The Malay do not know wealth management. They have 5 cents, they spent 7 cents. The small portion of Malay who are good in keeping money, they don't teach the other Malay. I wonder why this happened. Some Malays like to mix with Chinese better than their own race. I asked them why, they said their own race is very selfish and easily jealous.lol
Because in China, the populations are too many. If they don't make mandatory death sentence, those people will not respect the rules. How to control these people population? That is Law and order. You don't respect the rules, open the arm and shoot.
challenging time indeed.... oil price fell will make biodiesel using palm oil unprofitable. trade war causes soyoil price to fall also affecting palm oil price... cukup dahsyat
Datuk azhar “And personally, I strongly believe that our share price will not stay below RM1,” he said, in response to a question if FGV shares would become a penny stock.....nov 28
Datuk azhar “And personally, I strongly believe that our share price will not stay below RM1,” he said, in response to a question if FGV shares would become a penny stock.....nov 28
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
5354_
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Posted by 5354_ > 2018-12-21 11:19 | Report Abuse
888newbie you are not 100% right. If sue poor people you cannot get back 100% money got meaning? Better think what you can earn more what already have is better.