FGV HOLDINGS BERHAD

KLSE (MYR): FGV (5222)

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Last Price

1.13

Today's Change

0.00 (0.00%)

Day's Change

1.13 - 1.14

Trading Volume

401,400


35 people like this.

49,345 comment(s). Last comment by Tanleechoo 10 hours ago

5354_

4,793 posts

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.

Daily8

3,858 posts

Posted by Daily8 > 2018-12-21 11:19 | Report Abuse

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!

FGV will be another DRBH.

hollandking

3,694 posts

Posted by hollandking > 2018-12-21 11:21 | Report Abuse

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.

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 11:27 | Report Abuse

Glove companies need FGV rubber. Why FGV stupid to sell cheap rubber?

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 11:29 | Report Abuse

Those want to attack here prepare for ctr attack I warn you in advance.

joetay10

115 posts

Posted by joetay10 > 2018-12-21 11:31 | Report Abuse

i just wanting to see when they do corp restructuring.

can sell out at rm3/share.

still can make 100% profit on average 1.50 entry.

lol...........

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 11:33 | Report Abuse

B10 in 2019 can lift CPO price? Why not B20?

joetay10

115 posts

Posted by joetay10 > 2018-12-21 11:34 | Report Abuse

high stockpile and also the tech specs of cpo is not suitable for biodiesel.

so simple question, google can alrdy tell u the answer.

Posted by 5354_ > Dec 21, 2018 11:33 AM | Report Abuse

B10 in 2019 can lift CPO price? Why not B20?

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 11:36 | Report Abuse

Egg producers can collude to demand higher price why not rubber producers also collude?

joetay10

115 posts

Posted by joetay10 > 2018-12-21 11:37 | Report Abuse

pls google and stop asking so simple questions.

Posted by 5354_ > Dec 21, 2018 11:36 AM | Report Abuse

Egg producers can collude to demand higher price why not rubber producers also collude?

Daily8

3,858 posts

Posted by Daily8 > 2018-12-21 11:44 | Report Abuse

Among the rest of palm oil companies, which is the biggest in Malaysia? Sime darby? FGV? Kepong?

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 11:47 | Report Abuse

If FGV don't supply rubber can glove companies source elsewhere?

Daily8

3,858 posts

Posted by Daily8 > 2018-12-21 11:47 | Report Abuse

5354, only FGV supply rubber?

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 11:50 | Report Abuse

Why FGV the cheapest among all big companies?

Daily8 Among the rest of palm oil companies, which is the biggest in Malaysia? Sime darby? FGV? Kepong?
21/12/2018 11:44

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 11:52 | Report Abuse

Why FGV CEO cannot be Chinese LKS/LGE can answer?

Daily8

3,858 posts

Posted by Daily8 > 2018-12-21 11:52 | Report Abuse

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?

shpg22

2,984 posts

Posted by shpg22 > 2018-12-21 11:54 | Report Abuse

If managed by chinese it will be like IOICORP or KLK d.

Posted by 5354_ > Dec 21, 2018 11:52 AM | Report Abuse
Why FGV CEO cannot be Chinese LKS/LGE can answer?

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 11:55 | Report Abuse

The cheapest if compare IOI and KLK also rubber supplier.

Daily8 5354, only FGV supply rubber?
21/12/2018 11:47

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 11:56 | Report Abuse

If Chinese is FGV CEO it won't be penny stock.

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 12:00 | Report Abuse

Is change to PH govn really good? On 509 FGV 1.6 people already complained why now 76 sen can be satisfied?

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 12:25 | Report Abuse

Can toll abolish next year? Can help FGV and MSM reduce operating cost.

Jiahui Foo

3,335 posts

Posted by Jiahui Foo > 2018-12-21 12:35 | Report Abuse

Not only normal ppl complain , babies also complain loh......kerbau also.

Jiahui Foo

3,335 posts

Posted by Jiahui Foo > 2018-12-21 12:41 | Report Abuse

Early week 63 cent only. 1 share can't buy even a cup of kopi, have to use 3 shares for those cheap kopi.

Posted by spwong86 > 2018-12-21 14:03 | Report Abuse

Rajachulan just like Jamal..... mandi eeverywhere.....

Jiahui Foo

3,335 posts

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

Wow! On the speed bot again! Luckily nobody listen to Mr. Raja.

Pilotsport

1,064 posts

Posted by Pilotsport > 2018-12-21 15:06 | Report Abuse

Right issue coming loh

Pilotsport

1,064 posts

Posted by Pilotsport > 2018-12-21 15:07 | Report Abuse

Lim guan eng tipu 77mil

Tongkarat

7,588 posts

Posted by Tongkarat > 2018-12-21 15:26 | Report Abuse

Keep on rowing....

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 15:26 | Report Abuse

What tipu? Does he want 1 term govn for PH?

signalmw

3,314 posts

Posted by signalmw > 2018-12-21 15:30 | Report Abuse

sell firat

Jiahui Foo

3,335 posts

Posted by Jiahui Foo > 2018-12-21 15:34 | Report Abuse

Right issue ? Now so poor, how to buy?

5354_

4,793 posts

Posted by 5354_ > 2018-12-21 17:06 | Report Abuse

If RI Azhar got bullets to buy? He is not billionaire haha.

Tongkarat

7,588 posts

Posted by Tongkarat > 2018-12-21 17:12 | Report Abuse

Jual pelepah sawit.....

henry888

2,247 posts

Posted by henry888 > 2018-12-21 17:38 | Report Abuse

RM77 million. something is better than nothing. A plus factor.

Jiahui Foo

3,335 posts

Posted by Jiahui Foo > 2018-12-21 17:55 | Report Abuse

Peneroka buy shares, invest or gambling? Still not buy enough fgv share in hand ?

Daily8

3,858 posts

Posted by Daily8 > 2018-12-21 17:56 | Report Abuse

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.

Tongkarat

7,588 posts

Posted by Tongkarat > 2018-12-21 18:32 | Report Abuse

Heavy for the eye to see....heavier for the shoulder to carry.....

Victor Yong

8,271 posts

Posted by Victor Yong > 2018-12-21 18:55 | Report Abuse

Swing Btwn 72 n 77, good4traders

Victor Yong

8,271 posts

Posted by Victor Yong > 2018-12-21 19:23 | Report Abuse

ada perasuah yang belum dihukumkah? :)

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.

Victor Yong

8,271 posts

Posted by Victor Yong > 2018-12-21 19:29 | Report Abuse

:)

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)

Jiahui Foo

3,335 posts

Posted by Jiahui Foo > 2018-12-21 19:31 | Report Abuse

Farmers are good, no doubt. But in fgv case, they are the victims. Who is cheating them?

Tongkarat

7,588 posts

Posted by Tongkarat > 2018-12-21 21:32 | Report Abuse

Heavy duty.....

Daily8

3,858 posts

Posted by Daily8 > 2018-12-22 11:10 | Report Abuse

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

Posted by hibiscus888 > 2018-12-22 11:10 |

Post removed.Why?

Daily8

3,858 posts

Posted by Daily8 > 2018-12-22 11:27 | Report Abuse

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.

Tongkarat

7,588 posts

Posted by Tongkarat > 2018-12-22 13:23 | Report Abuse

Rough weather ahead.....

Victor Yong

8,271 posts

Posted by Victor Yong > 2018-12-22 13:26 | Report Abuse

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

Daily8

3,858 posts

Posted by Daily8 > 2018-12-22 14:10 | Report Abuse

Market need to find a bottom for now. Keep falling will see more margin calls soon.

When price of oil gets cheaper, don't tell me nobody benefit it? Do consumer enjoy cheaper diesel? No.

manahin

244 posts

Posted by manahin > 2018-12-22 15:20 | Report Abuse

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

Victor Yong

8,271 posts

Posted by Victor Yong > 2018-12-22 15:46 | Report Abuse

:) sudah lama dibawah rm1 haha

@manahin > Dec 22, 2018 03:20 PM |

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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