Posted by PH_better > 2019-01-02 11:21 | Report Abuse

CPO big up today sign PH improve in 2019?

Posted by Jiahui Foo > 2019-01-02 11:30 | Report Abuse

Reduce petrol price stt lah.....

Posted by Jiahui Foo > 2019-01-02 11:31 | Report Abuse

My broken bike wait until long neck oledi.....

Posted by striker888 > 2019-01-02 11:34 | Report Abuse

CPO up big time? Where the hell do you come from?

Posted by hollandking > 2019-01-02 11:35 | Report Abuse

when u talk about the automobile industry, u want to create a national car, the first question is u need to ask yourself why you would succeed? If you can't then guaranteed you will fail

Posted by Victor Yong > 2019-01-02 11:39 | Report Abuse

good for fgv to terminate the mou in sabah.... reforestation and related issues take a long to get ROI... :)

Posted by Jiahui Foo > 2019-01-02 11:48 | Report Abuse

Now ah, send 99hands tokong to fgv, also can't settle those messy problems oledi.......

Posted by Jiahui Foo > 2019-01-02 11:52 | Report Abuse

Why tongkarat so quiet today? Sick?

Posted by Victor Yong > 2019-01-02 11:53 | Report Abuse

good 4 biodiesel ... oil price is improving

International Brent crude futures were at $54.31 per barrel at 0126 GMT, up 51 cents, or 1 percent from their final close of 2018. West Texas Intermediate (WTI) spot crude oil futures were at $45.85 per barrel, up 44 cents, or 1 percent.

SINGAPORE: Oil markets began 2019 in positive territory on Wednesday, as traders prepare for a likely volatile year of trading amid soaring U.S. crude supply and concerns about a global economic slowdown.

International Brent crude futures were at $54.31 per barrel at 0126 GMT, up 51 cents, or 1 percent from their final close of 2018.

West Texas Intermediate (WTI) spot crude oil futures were at $45.85 per barrel, up 44 cents, or 1 percent.

Traders said crude futures were lifted by a rise in stock markets, although overall oil market sentiment remains relatively weak.

Oil prices ended 2018 with losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut and mixed signals related to renewed U.S. sanctions on Iran.

"Oil prices ... registered their first yearly decline in three years on fears of a slowing global economy and concerns of an ongoing supply glut," said Adeel Minhas, a consultant at Australia's Rivkin Securities.

For the year, U.S. West Texas Intermediate crude (WTI) futures slumped nearly 25 percent, while Brent tumbled nearly 20 percent.

The outlook for 2019 is riddled with uncertainty, analysts said, including U.S.-China trade concerns and Brexit, as well as political instability and conflict in the Middle East.

A Reuters poll showed oil prices are expected to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine efforts led by the Organisation of the Petroleum Exporting Countries (OPEC) to cut supply and prop up prices.

On the production side, all eyes will be on the ongoing surge in U.S. output and on OPEC's and Russia's supply discipline.

"Don't underestimate shale producers and the wider U.S. oil industry in general. Too often this year the market pushed stories ... bottlenecks (pipelines, frack crews, truck drivers, etc.), yet U.S. oil production will have grown by a massive 2+ million barrels per day between 1.1.2018 and 1.1.2019," consultancy JBC Energy said in an analysis of 2018.

U.S. crude output was last reported at a record 11.7 million bpd in late December 2018 <C-OUT-T-EIA>, making America the world's biggest oil producer ahead of Russia and Saudi Arabia. - Reuters

Posted by Victor Yong > 2019-01-02 11:53 | Report Abuse

KUALA LUMPUR (Jan 2): Exports of Malaysian palm oil products for December rose 1.8% to 1,273,076 tonnes from 1,250,321 tonnes shipped during November, independent inspection company AmSpec Agri Malaysia said on Monday.

Posted by Victor Yong > 2019-01-02 11:55 | Report Abuse

FGV Holdings Bhd

FGV Holdings Bhd seems to be an unlikely choice for a stock pick, given the bout of bad news surrounding the global agri-business giant last year.

But TA Securities chief investment officer Choo Swee Kee opined that FGV had suffered enough in the past year and is now on the path of redemption.

“It has gone through weak management, poor risk control, declining crude palm oil (CPO) prices, bad acquisition [decisions] and recently a substantial write-off to the tune of almost RM800 million.

“With FGV being government-linked, new management and better policies have been put forward to turn the company around. It is critical the government gets it right this time as this may have implications for thousands of Felda settlers. Investors’ expectations are low and any sign of improvement will be taken as positive,” he told The Edge Financial Daily.

For the nine-month financial period ended Sept 30, 2018 (9MFY18), FGV reported a net loss of RM871.15 million, compared to a net profit of RM80.49 million a year ago, largely due to impairment losses of RM798 million. The bulk of the impairment stemmed from goodwill on the acquisition of Asian Plantations Ltd.

Year-to-date, CPO prices, which play a significant role in FGV’s plantation business, had declined by 21% to RM1,903 per tonne on Dec 26, 2018.

Choo noted a reprieve for FGV’s current depressed share price as the value of its assets and land.

“FGV is trading at a [more than] 30% discount to its net tangible assets. It owns about 350,000 hectares of plantation land,” he said.

Choo views FGV as a recovery play, and has a “buy” call on the stock, with a target price (TP) of RM1 per share.

FGV shares lost 60% or RM3.96 billion of its market value in the past year. It closed at 71.5 sen on Monday, with a market capitalisation of RM2.61 billion.

Posted by PH_better > 2019-01-02 11:56 | Report Abuse

ECRL may continue on a smaller scale, says PM
https://www.themalaysianinsight.com/s/122820

Posted by Tongkarat > 2019-01-02 11:58 | Report Abuse

Aiyooooooooooooo....baru balik dari kutip biji sawit....aiyoyo

Posted by Jiahui Foo > 2019-01-02 12:02 | Report Abuse

Welcome back tongkarat, kutip biji sawit only, not telan! U luckily la,got free sawit....

Posted by Tongkarat > 2019-01-02 12:02 | Report Abuse

Manyak susah niiii....aiyooooo

Posted by Victor Yong > 2019-01-02 12:07 | Report Abuse

MUMBAI (Jan 1): India has cut import taxes on crude and refined palm oil from Southeast Asian (Asean) countries after a request from suppliers, a government notification said.

The reduction will lead to higher imports of palm oil by the world's biggest edible oil buyer in coming months as it would narrow the difference between the tropical vegetable oil and competitors such as soyoil and sunflower oil.

The duty on crude palm oil was lowered to 40% from 44%, while a tax on the refined variety was cut to 50% from 54%, according to the notification issued late on Monday. The cuts took effect on Tuesday.


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Malaysian shipments of refined palm oil will be taxed at 45% compared with 54% earlier, the government said in a separate notice.

In March 2018, India raised the import tax on crude palm oil to 44% from 30% and lifted the tax on refined palm oil to 54% from 40%.

Palm oil has being more competitive due to the duty reduction and this will lead to higher imports from January onwards, said Sandeep Bajoria, chief executive of the Sunvin Group, a Mumbai-based vegetable oil importer.

India primarily imports palm oil from Indonesia and Malaysia and soyoil from Argentina and Brazil. It also buys small volumes of sunflower oil from Ukraine and canola oil from Canada.

Its palm oil imports dropped 6.4% from a year ago to 8.7 million tonnes in the 2017/18 marketing year ended in October, according to Solvent Extractors' Association (SEA), a Mumbai-based trade body.

Indonesia and Malaysia, the top two palm oil producers, were seeking a reduction in the import tax by New Delhi as inventories were rising in both countries due to higher output.

India's palm oil imports could have fallen in December but will jump this month as some importers had delayed shipments in anticipation of tax cuts, said B.V. Mehta, executive director of the SEA.

The effective duty difference between crude and refined palm oil has narrowed to 5.5% from 11% for shipments from Malaysia, which could lead to higher imports of refined palm oil, Mehta said.

"This is a death knell for the domestic refining industry and will halt expansion of palm plantations in the country," he said.

India relies on imports for 70% of its edible oil consumption, up from 44% in 2001/02.

"Traditionally, Indonesia corners the bulk of India's palm oil market. The duty reduction will now allow Malaysia to raise its share," said a Mumbai-based dealer with a global trading firm.

Posted by Jiahui Foo > 2019-01-02 12:12 | Report Abuse

Everybody have to use oil each day, whether senang or susah!

Posted by Daily8 > 2019-01-02 12:21 | Report Abuse

Stop all olive ; sunflower; Canola oils and all are import oils. USE ONLY PALM OIL in Malaysia.

Posted by Jiahui Foo > 2019-01-02 12:26 | Report Abuse

Like Kim jong eun ?!?

Posted by Jiahui Foo > 2019-01-02 12:27 | Report Abuse

Msia market too small :-)

Posted by striker888 > 2019-01-02 12:36 | Report Abuse

Daily how can? We need Indian magic sex oil, hahaha

Posted by DonaldTrumpMalaysia > 2019-01-02 13:08 | Report Abuse

One thing i learnt is not to trust those TP by OB..even for newbie few months like me, noticed 99.99% got the TP WRONG..some made me lost big money after just 3 days

Posted by Victor Yong > 2019-01-02 13:51 | Report Abuse

high tech for palm oil kah? :)

Solving An Ethical Dilemma In Agricultural Sector

Another interesting use for blockchain is in the agricultural sector, specifically, the palm oil industry. The palm oil industry has been a contentious one, with many in the western world condemning its existence due to illegal land and forest clearing and its effect on the environment.

However, palm oil is the country’s biggest export, accounting for nearly half the agricultural income generated.

With such heavy reliance on palm oil, the Malaysian government is looking into regulating the industry. One of the ways suggested by recent news reports are via certification for its products and allowing it to be done so on blockchain.

Besides allowing an automatic end-to-end tracking across the value chain, the tech will enable digital identity tracking which is traceable, with immutable data records, transparency for stakeholders and also gives accurate information to end consumers.

The industry will also benefit as Managing Partner of Lardi & Partner Consulting GmbH, Strategy and Business Advisory, Kamales Lardi says small stakeholders will gain irrefutable credibility as a sustainable supplier of palm oil and reduce costs and production waste while increasing production through a real-time infrastructure.

Posted by Jiahui Foo > 2019-01-02 14:26 | Report Abuse

@Donald. If those analysts are so miracle in tp, then they won't still makan gaji lah!
Like at casino, there are also a lot of gamble sifu, all pokkai one. If u win, he say his advise make u win, if loss,he say u sendiri shui!

Posted by dam82 > 2019-01-02 14:35 | Report Abuse

New CFO ....Next CEO ..

Posted by Jiahui Foo > 2019-01-02 14:43 | Report Abuse

Who is that lucky guy? 99hands tokong?

Posted by Jiahui Foo > 2019-01-02 14:48 | Report Abuse

Market down 20. Ph just on power, if this yr economic crisis, means tuhan pun tak nap old horse lah!

Posted by Daily8 > 2019-01-02 14:55 | Report Abuse

1) May 1994 - June 1996 : Management Trainee of Sime Darby Berhad
2) July 1996 - June 1997 : Assistant Accountant of Sime Darby Berhad
3) July 1997 - June 1998 : Accountant of Sime Darby Berhad
4) July 1998 - September 2002 : Group Accountant of Sime Darby Berhad
5) October 2002 - June 2005 : Finance Manager of Consolidated Plantations Berhad
6) July 2005 - June 2006 : Plantation Financial Controller of Consolidated Plantations Berhad
7) July 2006 - June 2008 : General Manager Finance - Plantations Division of Sime Darby Berhad
8) June 2008 - January 2011 : Chief Financial Officer - Plantations Division of Sime Darby Berhad
9) February 2011 - February 2012 : Chief Financial Officer - Energy and Utilities Division of Sime Darby Berhad
10) March 2012 - December 2018 : Chief Financial Officer of Mass Rapid Transit Corporation Sdn Bhd
Directorships in public companies and listed issuers (if any) NIL

Mohd Hairul Bin ABD Hamid. CFO

Posted by 5354_ > 2019-01-02 15:00 | Report Abuse

New CFO appointed. Why choose from MRT?

Posted by Victor Yong > 2019-01-02 15:04 | Report Abuse

CFO with sime Darby plantations in the past .. ok lah...

Posted by Victor Yong > 2019-01-02 15:05 | Report Abuse

He started his career in May 1994 as a management trainee of Sime Darby Bhd, and worked his way up the ranks to CFO of the plantations division of Sime Darby, a post he held from June 2008 to June 2011.

Posted by Victor Yong > 2019-01-02 15:06 | Report Abuse

Sime Darby plantation tak pernah Rugi, EX cfo ini boleh Cuba lah :)

Posted by 5354_ > 2019-01-02 15:07 | Report Abuse

Same background with Azhar? Azhar recommend?

Posted by 5354_ > 2019-01-02 15:10 | Report Abuse

If FGV land use later for ECRL new CFO know what's land compensation cost from his MRT experience?

Posted by 5354_ > 2019-01-02 15:17 | Report Abuse

Must claim billion RM from govn if FGV land use for ECRL not give FOC. Ex-CFO never mentioned anything so he kicked out is good.

Posted by Daily8 > 2019-01-02 15:17 | Report Abuse

5354_ Same background with Azhar? Azhar recommend?
02/01/2019 15:07

I am expecting a different color person but since Hairul resume is impressive, maybe can give a chance.

Posted by Jiahui Foo > 2019-01-02 15:18 | Report Abuse

Also settle those beautiful hotels bought previously!

Posted by Victor Yong > 2019-01-02 15:19 | Report Abuse

At least dah ada cfo yang ok.. ceo Baru next month , dah lengkap

Posted by Victor Yong > 2019-01-02 15:20 | Report Abuse

Net assets per share rm1.30, Harga 70sen... worth the risk :)

Posted by Victor Yong > 2019-01-02 15:22 | Report Abuse

Ada buffer 60 sen per share Bagi fgv rugi lagi untuk sama dengan net assets per share... :)

Posted by Jiahui Foo > 2019-01-02 15:32 | Report Abuse

Bjcorp nta 1.60, current <30 sen, Vincent Tan everyday perli shareholders dun know how to value! Hahaha......who really dun know?
Yong tai, nta 1.18, current 36 sen, drop from 1.50 , early Sept.
So many counters, are like that........hehe:-)

Posted by apolloang > 2019-01-02 15:34 | Report Abuse

BCB also same

Posted by Victor Yong > 2019-01-02 15:38 | Report Abuse

fgv punya aset adalah tanah .... bukan aset2 usang macam syarikat2 lain :)

Posted by Jiahui Foo > 2019-01-02 15:42 | Report Abuse

For me, buy shares is a sad business, esp all those saham perform in the same pattern, e.g..drop 70 to 80% . Div.? Never pay!
If contra, i guess, won't loss so much!
Those profit firm, make private below market price! How to buy?

Posted by Tongkarat > 2019-01-02 15:55 | Report Abuse

Aiyooooooooo....sawit pon mulah mulah....aiyoyo

Posted by 5354_ > 2019-01-02 15:57 | Report Abuse

Hishamuddin meeting with Azmin behind ECRL U-turn?

Posted by 5354_ > 2019-01-02 15:57 | Report Abuse

ECRL may continue on a smaller scale, says PM
https://www.themalaysianinsight.com/s/122820

Posted by Jiahui Foo > 2019-01-02 15:58 | Report Abuse

Biji sawit ada minyak, no need buy cooking oil, at least!

Posted by 5354_ > 2019-01-02 16:01 | Report Abuse

CPO up RM 39.
http://www.bursamalaysia.com/market/derivatives/prices/

Posted by Tongkarat > 2019-01-02 16:05 | Report Abuse

Ya ya ya Jiahui Foo.....ala cooking oil....ala santan.....now I process santan sawit...packed and keep frozen and sell them at market pasar tani and pasar malam....survival lorrrr