Posted by Kedahan > 2019-01-20 20:13 | Report Abuse

EKSKLUSIF: Jelapang padi negara terancam
https://www.bharian.com.my/berita/nasional/2019/01/521926/eksklusif-jelapang-padi-negara-terancam

Posted by Daily8 > 2019-01-20 22:27 | Report Abuse

Everybody in China is using soybean oil. I went around looking for palm oil, can’t find any.

Posted by henry888 > 2019-01-21 06:41 | Report Abuse

I opine China's citizens are patriotic to their country. That is "why". There are various reasons....ECRL...etc....Not only cooking oil, you can also see a tremendous drop in China's tourists.

Posted by Tongkarat > 2019-01-21 08:31 | Report Abuse

Enjoy selling santan and jelly sawit...

Posted by Tongkarat > 2019-01-21 08:32 | Report Abuse

Mambang sawit kumpul biji sawit...

Posted by Victor Yong > 2019-01-21 09:06 | Report Abuse

52 Weeks Range: 0.63 - 2.09


Steadily recovering :)

https://www.thestar.com.my/business/business-news/2019/01/21/pallm-and-other-vegetable-oil-prices-to-rise-$50-$100t-by-june/

Posted by Look4vincent > 2019-01-21 09:07 |

Post removed.Why?

Posted by Victor Yong > 2019-01-21 09:51 | Report Abuse

A lot dramas pertaining to FGV..... more dramas to come :)

PETALING JAYA: The statement by Finance Minister Lim Guan Eng claiming that there were late payments of arrears to Sungai Koyan settlers is untrue, says the Federal Land Development Authority (Felda).

Lim had on Thursday said that the issue of late payments should not have happened as the federal government had on Dec 20 last year approved a special allocation of RM77mil for Felda.

In response, Felda said it had looked into the complaints raised by Lim and found that the settlers’ unhappiness over late payments were actually regarding arrears from revenue payments, which were salaries paid to the settlers based on their sale of oil palm.

“The payment is made to the settlers twice monthly, during the middle and end of the month, and then it was amended to a once monthly payment made at the end of the month.



All of the BSHPH claims had been settled as of Monday (Jan 14), said Felda in a statement yesterday (Jan 17).

“As many as 30,799 settlers received their BSHPH claims on Dec 31, 2018 and 4,644 settlers received theirs on Jan 14, 2019.

“Therefore, all BSHPH claims have been distributed to settlers, and this payment is only made to settlers involved under the replanting programme,” said Felda.

It said that many as 851 settlers in Sungai Koyan were not involved in the replanting programme, and therefore there were no BSHPH claims made by them, said Felda.

“This revenue payment is not part of the BSHPH or the RM77mil special allocation approved by the federal government that was distributed to the settlers previously.

“This revenue payment to the settlers will be paid using Felda’s financial resources,” said Felda.

It added that Felda was always committed to look after the welfare of Felda settlers and ensure the development of the palm oil industry.

“Felda will give a positive consideration on the matter raised by the Felda settlers,” it said.

Lim said on Thursday that Economic Affairs Minister Datuk Seri Azmin Ali would answer on the issue of late payment on his visit to Cameron Highlands this week.


Read more at https://www.thestar.com.my/business/business-news/2019/01/19/felda-guan-engs-statement-on-late-payments-untrue/#5SdrJs2HT8oUlUv2.99

Posted by henry888 > 2019-01-21 10:08 | Report Abuse

Hope good dramas/factors can push up fgv price. But who is the master Goreng to do the job. I notice one peculiarity is for call warrants issuance by institutions/Banks, will they do the pushing as they have to pay price in excess of striking price upon maturity of the call warrants. Will institutions/banks deter price from going up ?

Posted by Good_News > 2019-01-21 10:33 | Report Abuse

Palm and other vegetable oil prices to rise US$50-$100/T by June

Prices of vegetable oils including palm oil are set to rise by $50-$100 per tonne by June, according to a forecast by industry analyst James Fry.

"Prices of crude palm oil and other oils depend on the outlook for palm stocks. Stocks will fall till mid-year, which will lift the crude palm oil premium over Brent, especially if Indonesia maintains its heightened pace of biodiesel use," according to Fry's presentation for an industry conference in Karachi that was viewed by Reuters.

"If this occurs, there is an upside of $50-$100 for oils by June," said Fry, chairman of commodities consultancy LMC International. Crude oil benchmarks set the floor for vegetable oil prices, Fry said.

Benchmark palm oil prices dropped to three-year lows in November and December amid high inventories and weak demand. Palm was last up 1.1 percent at 2,223 ringgit ($540.88) a tonne on Friday evening.

Read more at https://www.thestar.com.my/business/business-news/2019/01/21/pallm-and-other-vegetable-oil-prices-to-rise-$50-$100t-by-june/#DJ12KLmFWx29rtil.99

Posted by Haw Liao > 2019-01-21 11:25 | Report Abuse

rajachulan...nobita accumulating ma lol

Posted by Sinoboy > 2019-01-21 13:43 | Report Abuse

Beli, jangan tak beli :))

Posted by 5354_ > 2019-01-21 14:04 | Report Abuse

'Appointments put GLCs in better light'
https://www.nst.com.my/news/nation/2019/01/452775/appointments-put-glcs-better-light

Posted by 8888_ > 2019-01-21 14:07 | Report Abuse

“I believe the performance of GLC shares will improve significantly in 2019 with the changes.
https://www.nst.com.my/news/nation/2019/01/452775/appointments-put-glcs-better-light

Posted by antidebt > 2019-01-21 14:24 | Report Abuse

another huge impairment coming

Posted by pang72 > 2019-01-21 15:10 | Report Abuse

Fgv also got impairment ..

Posted by pang72 > 2019-01-21 15:10 | Report Abuse

Don't scare me leh

Posted by Tongkarat > 2019-01-21 15:25 | Report Abuse

Mambang busy on thaipusam day.....

Posted by Tongkarat > 2019-01-21 15:26 | Report Abuse

Esok mambang sawit main kompang lagi

Posted by Tongkarat > 2019-01-21 15:27 | Report Abuse

Boleh practise main gendang naga jugak....

Posted by Victor Yong > 2019-01-21 15:28 | Report Abuse

:)
'Appointments put GLCs in better light'

Last year saw leadership changes at more than a dozen government-linked corporations, including Tabung Haji. NSTP/ HAFIZ SOHAIMI
By AMIR HISYAM RASID - January 21, 2019 @ 9:15am
KUALA LUMPUR: The string of new leadership appointments in government-linked companies (GLCs) since last year, which will continue to set the tone for this year, has placed some of these firms in better light, said experts.

They said more changes could be expected to boost governance and the roles of chairmen and chief executive officers (CEOs), which, in turn, will boost market sentiment.


Last year saw leadership changes at more than a dozen government-linked corporations and key agencies, including Khazanah Nasional Bhd, Telekom Malaysia Bhd, FGV Holdings Bhd, Tabung Haji, MRT Corp, Permodalan Nasional Bhd and Petronas.

There has been strong market talk that another round of restructuring is expected to commence among top brass and senior management in GLCs this year.



Last week saw the first board appointment among GLCs this year, with former judge Tan Sri Zainun Ali appointed as Malaysia Airports Holdings Bhd (MAHB) non-independent non-executive chairman effective Jan 18.

FGV Holdings chairman Datuk Azhar Abdul Hamid began 2019 with an unprecedented letter to shareholders, detailing the issues facing the plantation group uncovered since he took over, as well as the proposed solutions to get the firm back on track.

With market sentiments around the world turning positive, these two stocks were the obvious selections for fund inflows last week.

MAHB rose 0.62 per cent a day after the new chairman appointment took place while FGV has risen more than 16 per cent since the letter came out on Jan 14.

“The market is reacting positively,” Malaysian Association of Technical Analysts adviser Nazarry Rosli told NST Business.

Nazarry said governance and transparency were key in ensuring positive public perception and market sentiment.

“I believe the performance of GLC shares will improve significantly in 2019 with the changes.

“However, future appointments, if there are more, must be done fairly and in a transparent manner.

“Dynamics are changing with GLCs.

“This year should show GLCs in a better light,” Asian Strategy & Leadership Institute (Asli) Centre of Public Policy Studies chairman Tan Sri Ramon Navaratnam said.

He said GLC leaders, especially chairmen, would have a bigger role and lead more now.

Putra Business School business development manager Associate Professor Dr Ahmed Razman Abdul Latiff expects future appointments of new corporate leaders to improve governance.

“This is important to regain stakeholders’ confidence and trust.

“As long as the government keeps its promise of no political interference in GLCs, I am confident the share market performance will improve.”

Posted by Victor Yong > 2019-01-21 15:29 | Report Abuse

should be above rm1 tomorrow :)

FGV - To Sell Assets Worth RM350mil
Date: 15/01/2019

Stock : FGV Source : AmInvest
Price Target : 1.08
Last Price : 0.955


In a letter to shareholders, which was released on the Bursa Malaysia website, FGV’s chairman said that the group has identified several non-core businesses and assets worth RM350mil for disposal.
Also, he said that FGV’s targets are an FFB yield of 19.4 tonnes/ha and production cost (exmill) of RM1,469/tonne for FY19F compared with an FFB yield of 16.9 tonnes/ha and production cost of RM1,666/tonne in FY18E.
In addition, it is estimated that FGV will record a pre-tax profit of RM1bil based on an average CPO price of RM2,500/tonne.
We think that the proposed disposal of non-core assets worth RM350mil would help generate some cash for FGV. The group’s gross cash stood at RM1.74bil as at end-FY17. Including loans and amounts due to the shareholder, FGV’s net debts were RM4.2bil as at end-FY17. Net gearing was 75.4%.
We believe that one of the assets slated for disposal is FGV Cambridge Nanosystems, which has already been classified as an asset for sale in FGV’s balance sheet. It had a net book value of RM72.2mil as at end-December 2017.
We reckon that the other assets for sale may be related to travel or property such as the Troika condominiums.
The proposed disposal of the assets would result in a one-off disposal gain to FGV. Operationally, whether or not FGV swings into the black would depend on CPO prices and the group’s production costs.
We maintain HOLD on FGV with a fair value of RM1.08/share, which is 0.7x of FGV’s book value of RM1.54/share as at end-FY17. FGV’s book value was RM1.30/share as at endSeptember 2018.
Source: AmInvest Research - 15 Jan 2019

Posted by dam82 > 2019-01-21 16:26 | Report Abuse

FELDA and FGV getting the right spotlight from BN which means ... the peformance of FGV also will imrpove... I still confidance FGV will at least reach above 3 in next few years ...

Posted by Tongkarat > 2019-01-21 16:38 | Report Abuse

Mambabg sawit jaga kebun sawit....

Posted by enid888 > 2019-01-21 17:10 | Report Abuse

PH has to put Felda and FGV back to profitable and growth track in order to win the settlers' supports. They will definitely work in that direction.

Posted by 8888_ > 2019-01-21 17:15 | Report Abuse

Agree. If PH fail they are likely to be 1 term govn.

Posted by Tongkarat > 2019-01-21 21:38 | Report Abuse

Getting ready for kompang tomorrow

Posted by Tongkarat > 2019-01-21 21:39 | Report Abuse

TA wise still intact....play kompang bertalu talu

Posted by Victor Yong > 2019-01-22 08:42 | Report Abuse

Those who want to take more risks on fgv, new warrant pun ada :)

KUALA LUMPUR (Jan 18): Kenanga Investment Bank Bhd (Kenanga IB) kicks off 2019 with the launch of 11 new call warrants to provide trading opportunities in a volatile market.

The call warrants are issued over the shares of FGV Holdings Bhd, Genting Malaysia Bhd, Hibiscus Petroleum Bhd, IJM Corp Bhd, Inari Amertron Bhd, Malaysian Resources Corp Bhd, MY E.G. Services Bhd, Pos Malaysia Bhd, Sime Darby Bhd, Tenaga Nasional Bhd and V.S. Industry Bhd.

In a statement today, Kenanga IB head of equity derivatives Philip Lim said sensitive warrants flip prices quickly so traders can enter and exit with speed and ease.

"Trade with China has caught the headlines, but unpredictable business investments into and out of Malaysia presents a longer-term concern. Fortunately for call warrant traders, volatility is always welcome," he added.

The 11 new warrants are European style, non-collateralised cash-settled call warrants.

Posted by 5354_ > 2019-01-22 08:59 | Report Abuse

RM 1 can break this week?

Posted by azta12 > 2019-01-22 09:04 | Report Abuse

good morning ,tongkarat.

Posted by dam82 > 2019-01-22 09:12 | Report Abuse

New CEO news should be within few days sure will go above 1 soon ..

Posted by Tongkarat > 2019-01-22 09:17 | Report Abuse

Selamat pagi
Good morning
Sawadikap
Namaste

To azta12 and all sawit members

Posted by Felda_Pahang > 2019-01-22 09:20 | Report Abuse

Azmin(PH) don't mind losing in Cameron? If lose in Cameron will affect Felda votes in GE15 how?

Posted by dam82 > 2019-01-22 09:29 | Report Abuse

Without Felda support do you think PH can win next election ...FELDA now no longer a institution issue but have become a race issue ..which is a shame ..but that's the reality and PG will make FELDA profitable

Posted by Tongkarat > 2019-01-22 09:29 | Report Abuse

Kompang time....pang pang pang kopang kopang kopang gibing gibing gibing gibing

Posted by Tongkarat > 2019-01-22 09:30 | Report Abuse

Kopang kopang kopang kopang gibing gibing gibing gibing

Posted by Tongkarat > 2019-01-22 09:31 | Report Abuse

Kopang kopang kopang kopang gibing gibing gibing gibing

Posted by Tongkarat > 2019-01-22 09:31 | Report Abuse

Kopang gibing kopang gibing kopang gibing

Posted by Tongkarat > 2019-01-22 09:31 | Report Abuse

Kopang gibing kopang gibing kopang gibing

Posted by Tongkarat > 2019-01-22 09:32 | Report Abuse

Gibing gibing gibing gibing gibing gibing

Posted by Felda_Pahang > 2019-01-22 09:43 | Report Abuse

IBs'(bankers) push down so that BN can win Cameron? They(IBs') prefer BN as govn?

Posted by 5354_ > 2019-01-22 09:52 | Report Abuse

Drop so to justify Azmin is right? Azhar cannot be CEO?

Posted by 5354_ > 2019-01-22 10:05 | Report Abuse

Azhar is not trustable as CEO. Why FGV announced biggest ever loss after 1 year in FGV? When was chairman(eff Sep'17) makan gaji buta?

Posted by 5354_ > 2019-01-22 10:07 | Report Abuse

Even his sue cases why counters party no need to reply or ignore him?

Posted by 5354_ > 2019-01-22 10:11 | Report Abuse

If court case so easily won why Najib still a free man in Cameron? If court case(1MDB) charge Najib right he should be in jail now.

Posted by Ubah_ > 2019-01-22 10:14 | Report Abuse

PH not good either. GE15 change govn again? Back to BN or Pas?

Posted by henry888 > 2019-01-22 10:18 | Report Abuse

Sure IB (for call warrant issuance) wanted to push down price so that they don't need to pay upon maturity. Eat all with skeleton left.

Posted by Tongkarat > 2019-01-22 10:26 | Report Abuse

Mambang sawit recharge energy....

Posted by Daily8 > 2019-01-22 10:40 | Report Abuse

Ya; how is the 12 Alibaba directors?