Posted by 5354_ > 2018-12-26 17:09 | Report Abuse

hollandking FGV is the biggest land owner for listed company in M'sia. You said before own plenty of land can become rich so FGV got. Only weak managements fail to take advantage.

Posted by budahsaham > 2018-12-26 17:47 | Report Abuse

better sell msm n distribute special divident

Posted by budahsaham > 2018-12-26 17:50 | Report Abuse

surrender back all leased estate back to felda n get compensation...then with the money from asset selling can go to other business

Posted by Tongkarat > 2018-12-26 18:15 | Report Abuse

Boxing day kena box kaaa.....

Posted by Daily8 > 2018-12-26 20:33 | Report Abuse

Dam82, where are you..?

Posted by Ring > 2018-12-26 21:06 | Report Abuse

https://www.thesundaily.my/business/malaysia-reviewing-palm-oil-export-duties-XB311761

Posted by 5354_ > 2018-12-26 22:31 | Report Abuse

To counter the Indonesian import, Kok said the government is “currently encouraging our companies to use domestically produced palm oil to reduce the stockpile.”

“By reducing imports, we could see a significant reduction in palm oil stocks in Malaysia and this would boost prices.”

Prices next year are expected to be supported by demand from traditional markets as they replenish stocks, said Kok, adding that the implementation of a higher biodiesel mandate in 2019 will also help palm prices.

Malaysia will raise the minimum bio-content in biodiesel to 10% for the transport sector and 7% for the industrial sector.

Posted by henry888 > 2018-12-27 06:53 | Report Abuse

Wa lau, Dow 1,000+++, Nasd 360 oil 4.08

Posted by Daily8 > 2018-12-27 08:12 | Report Abuse

A good xmas morning

Posted by Daily8 > 2018-12-27 08:42 | Report Abuse

dam82 already sold his shares. lol

Posted by dam82 > 2018-12-27 09:05 | Report Abuse

Yet to sell ..would be idiot to sell ....anyway no Santa for FGV

Posted by Daily8 > 2018-12-27 09:10 | Report Abuse

dam82 bro, thumb up!

Posted by Victor Yong > 2018-12-27 09:11 | Report Abuse

Yes, it also happens to our palm oil too, I guess

GEORGE TOWN: Local coconuts have been dumped at plantations and warehouses in the country as imported coconuts from neigh­bouring countries are the preferred choice of Malaysians because of cheaper prices.

This has led to an outcry from suppliers of local coconuts as they need to clear their stockpile before the fruits turn bad or germinate.


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Supplier A. Anbarasan, 64, said this is the first time such a thing had happened since he ventured into the trade business 27 years ago.

“The sale of coconuts has dropped more than three times this year alone.

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“In Perak alone, I have about 70,000 husked coconuts stored in Sitiawan and about 300,000 dehusked coconuts at a plantation in Bagan Datuk,” he said in an interview.

Anbarasan estimated that there could be “a few million” unsold coconuts as many suppliers in other states say they are in the same boat.

Anbarasan, who also sells fresh coconuts at two stores in Jalan Penaga and Jalan Abu Siti on Penang island, believes that the market has been flooded with cheaper coconuts from Indonesia and Thailand, thus causing an oversupply in the local market.

“Our local plantations produce enough coconuts for consumers. But because the local ones are of better quality, the price is more expensive. And consumers just want to go for cheaper coconuts,” he said.

Anbarasan said the market price for Malaysian coconuts is between RM1.20 and RM1.50 each, but those from Indonesia could fetch as low as 80 sen to RM1 each.

“If you import coconuts from Indonesia, one tonne or about 1,000 coconuts cost only RM550, or 55 sen each,” he said.

Anbarasan’s wife P. Sarasvathy, 60, who helps in his coconut drink trade in Lorong Abu Siti, said that local coconut water is more fragrant and creamier in texture.

“Our local coconut milk can be sold for RM9 per kilo but those from Indonesia cost only RM5 per kilo because they are of poor quality.

“However, the coconuts from Indonesia are usually bigger in size.

“I have tried ordering a tonne of Indonesian coconuts before and half of them were spoilt because they were not fresh. The coconut milk tends to be a bit watery too,” she said.

The couple urged the government to look into the matter seriously and put a halt to imported coconuts to safeguard the local coconut industry.

Time is also running out for another coconut supplier, A. Loganathan, 49, in Lorong Selamat.

“I have over 200,000 coconuts hanging in the trees and only about a month left to pluck them.

“It’s hard to sell them nowadays. Once they germinate, the coconuts cannot be sold for its milk but only for production of oil,” he said, adding the coconuts have been left unplucked to preserve their fresh­ness.

Loganathan, who has been in the business for 25 years, said he is disappointed that many buyers have opted for Indonesian coconuts.

“The quality of coconuts from Indonesia is ‘totally out’, but people don’t seem to mind because the price is cheaper.

“If you go to the market, you can find that our local coconuts are far better and much juicier,” he said.

Related story:

Sim: Our coconuts must be cheaper to compete


Read more at https://www.thestar.com.my/news/nation/2018/12/27/millions-of-local-coconuts-left-unsold-malaysians-prefer-buying-imported-coconuts-because-they-are/#SvjMtxD7mhp6cKBI.99

Posted by dam82 > 2018-12-27 09:13 | Report Abuse

When pathathic people manage this is the outcome ...

Posted by 5354_ > 2018-12-27 09:59 | Report Abuse

Azhar no resign cannot up? Who can takeover from Azhar?

Posted by 5354_ > 2018-12-27 10:01 | Report Abuse

If Chinese become FGV CEO EPF can buy back?

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

Strongly recommend Mr. tongkarat!

Posted by 5354_ > 2018-12-27 10:21 | Report Abuse

If Tongkarat become CEO all BOD must be sacked incl Azhar?

Posted by Jiahui Foo > 2018-12-27 10:26 | Report Abuse

Now fgv is in worst condition oledi, who else go up, sure will better one! Correct?

Posted by 5354_ > 2018-12-27 10:33 | Report Abuse

Tongkarat not here. Might be he no FGV share?

Posted by Jonathan Keung > 2018-12-27 10:43 | Report Abuse

FGV production cost higher than their peers { weigh down by older trees } BIo -diesel demand is slow not attractive . Indonesia estates P&L hit by high write offs . bad time for plantation

Posted by 5354_ > 2018-12-27 10:52 | Report Abuse

CPO rebound. Teresa Kok directive no CPO import from Indon effective?

Posted by dam82 > 2018-12-27 10:56 | Report Abuse

its always easy to blame the market ... the problem with FGV is the management ... till not non-performing asset yet to be disposed . bloated organization with certain section of people ... productioni cost which is part of the KPI not yet achieved .. MSM Sugar despite have a monopoly still making shit kind of net profit .... FGV need a competent CEO who can make tough decision ... till now we don't see that .. but who can blame when it run bu idiots ... i think we need a china man to run this company since the sons of soil is actually doing a very good jon running this country lately

Posted by Jiahui Foo > 2018-12-27 11:23 | Report Abuse

Tongkarat most probably is meeting with tun M now........

Posted by striker888 > 2018-12-27 11:33 | Report Abuse

Even Malaysian companies input Indonesian CPO because they are cheaper. China used to buy more expensive Malaysian CPO as a political goodwill gesture, but old M screwed that up bug time. Now Dow up 1000+, but this sorry stock moves down. The only hope is a government bail out because that's the mentality, mess up big time and the G will bail you out. Don't dream of a nonbumi to run this company, they rather drive it to the ground than have some competent non to run it.

Posted by Change_ > 2018-12-27 11:54 | Report Abuse

Back to BN in GE15 only way out?

Posted by Change_ > 2018-12-27 11:55 | Report Abuse

How abt change PM to Anwar? Better relationship with China?

Posted by Jiahui Foo > 2018-12-27 11:58 | Report Abuse

Now market else wer really bad, investors really need a bit of tiny hope to keep alive .....

Posted by 5354_ > 2018-12-27 12:03 | Report Abuse

CPO up why not good?
http://www.bursamalaysia.com/market/derivatives/prices/

Posted by Tongkarat > 2018-12-27 12:54 | Report Abuse

Talak umphhhhhh.....aiyooooooooo

Posted by Undi_PAS > 2018-12-27 13:15 | Report Abuse

PAS Youth plans 'Hit & Run Derita Rakyat' rally on New Year's Eve
Read more at https://www.thestar.com.my/news/nation/2018/12/27/pas-youth-plans-hit-and-run-derita-rakyat-rally-on-new-years-eve/#HpJ4CiTOxFIKdd4e.99

Posted by nttcom > 2018-12-27 16:13 | Report Abuse

Wait..

Posted by Victor Yong > 2018-12-27 16:40 | Report Abuse

Privatization for fgv ... a lot of distortions.

“FGV Holdings’ production costs are high, mainly due to the company’s cash payments to the Federal Land Development Authority (FELDA) for renting oil palm gardens.”

Posted by hitrunkaki > 2018-12-27 16:40 |

Post removed.Why?

Posted by Jiahui Foo > 2018-12-27 16:58 | Report Abuse

US up 1k , cpo up, share down, so derita now!

Posted by apolloang > 2018-12-27 17:00 | Report Abuse

yeah ini bursa penipu besar

Posted by henry888 > 2018-12-27 17:28 | Report Abuse

Same case as Proton where supplier of parts was always on the winning side.

Posted by Tongkarat > 2018-12-27 18:25 | Report Abuse

Sulah talak kuat.....lembik niiiii

Posted by Tongkarat > 2018-12-27 18:30 | Report Abuse

Shake.... shake....shake.....shaky leg

Posted by dam82 > 2018-12-27 20:31 | Report Abuse

If Wilmar buys FGV and controls it, nearly 19,600 employees will be affected, putting Malaysia’s food security at risk, with sugar and palm being daily staples of nearly every single Malaysian diet.

http://ipom.global/2017/08/10/forget-lotte-chemical-if-wilmar-buys-fgv-all-malaysians-will-suffer/

Do you think FGV can become like MAS ?

Posted by bagan > 2018-12-27 20:46 | Report Abuse

Rk was the biggest contributor to ph, not shocking if wilmar swallow fgvh

Posted by Daily8 > 2018-12-27 23:12 | Report Abuse

Tun m will use Robert Kuek card on fgv

Posted by henry888 > 2018-12-28 07:38 | Report Abuse

Robert Kuek also cannot help as cancellation of ECRL means not supportive of 1 belt 1 road which China is compelled to look for alternative country like Indonesia. May be if DSAI become PM will do better in getting back the support from China. Though internal cleanliness management is important, if there is no sale there is no income.

Posted by Victor Yong > 2018-12-28 08:05 | Report Abuse

https://www.thejakartapost.com/news/2018/12/26/palm-oil-fund-to-continue-program-despite-halt-of-export-levies.html

Posted by Victor Yong > 2018-12-28 08:06 | Report Abuse

http://www.theedgemarkets.com/article/malaysia-reviewing-palm-oil-export-taxes-competitiveness-%E2%80%94-minister

Posted by Victor Yong > 2018-12-28 08:07 | Report Abuse

https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/122618-h1-outlook-palm-oil-market-hopes-for-lower-stocks-rebound-in-prices

Posted by dam82 > 2018-12-28 08:58 | Report Abuse

Penny stock forever I guess in 2019 as well

Posted by striker888 > 2018-12-28 09:22 | Report Abuse

Chinaman cannot be allowed to own fgv. RK has paid enough prices for his successes, bless him.

Posted by Tongkarat > 2018-12-28 09:22 | Report Abuse

Pegun.....terpegun

Posted by Jiahui Foo > 2018-12-28 09:38 | Report Abuse

Since nobody is interested, then lastly have to ask Donald trump oledi. May be he can make fgv great again!