Perjalanan FGV Semenjak Disenaraikan Di Bursa Oleh : Kauthar Rozmal 02 Oktober 2018 - 1:49 pm
KWSP telah menjual semua pegangannya dalam FGV pada suku pertama 2017 Pejabat Transformasi Pengurusan ditubuhkan untuk mengkaji prestasi dan mengenal pasti kelemahan FGV Semenjak saham FGV disenaraikan di Bursa Malaysia 6 tahun lalu, harganya telah jatuh sebanyak 66% daripada RM4.55 seunit ke RM1.53 seunit hari ini. Penyenaraian FGV merupakan initial public offering (IPO) yang kedua terbesar selepas Facebook.
Antara pemegang saham FGV adalah KWSP, Tabung Haji dan KWAP. Semasa fasa IPO, KWSP merupakan pemegang saham ketiga terbesar dengan pegangan sebanyak 7.95%.
FGV dilihat sebagai satu prospek pelaburan yang sangat menarik pada awalnya kerana memiliki tanah pertanian yang terluas di dunia dan pada fasa awal penyenaraiannya, FGV mempunyai rizab tunai sebanyak RM5 bilion.
Model bisnesnya mudah iaitu menanam dan memproses kelapa sawit menjadi minyak sawit.
Dengan rizab simpanan yang banyak, ianya boleh menjadi buffer kepada syarikat ketika proses penanaman semula yang memakan masa sehingga 5 tahun.
Namun, walaupun dengan rizab tunai, tanah yang luas serta model bisnes yang mudah, FGV telah mengecewakan ramai pelabur. Untung turun tahun demi tahun, hutang pula semakin bertambah.
FGV bermula dengan baik pada tahun 2012 apabila mencatatkan keuntungan sebanyak RM800 juta, namun untung tersebut makin berkurang untuk tahun mendatang dan akhirnya mencatatkan kerugian tahun lepas sebanyak RM300,000.
Tidak seperti Facebook yang sudah menjadi syarikat yang bernilai USD1 trillion semenjak disenaraikan, FGV masih kekal dalam momentum menurun.
Berikutan prestasi FGV yang semakin teruk, KWSP telah menjual semua pegangannya dalam FGV pada suku pertama 2017. KWSP merekodkan kerugian sebanyak RM203.18 juta daripada pelaburan FGV.
Apakah punca kejatuhan harga saham FGV? Adakah kerana harga kelapa sawit yang tidak stabil? Atau kerana kesalahan model bisnes?
FGV sering kali dikaitkan dengan pemegang saham terbesar mereka iaitu Felda. Orang ramai beranggapan bahawa FGV dan Felda adalah satu entiti yang sama.
Setiap kali ada skandal melibatkan Felda, pasti FGV akan terkena tempiasnya. Orang ramai mula hilang kepercayaan kepada FGV apabila semakin banyak skandal Felda didedahkan.
Lebih memburukkan keadaan lagi apabila bekas Pengerusi FGV, Tan Sri Isa Samad turut memegang jawatan sebagai Pengerusi Felda. Perkara ini menambah kekeliruan kepada orang ramai, mereka tidak dapat memisahkan FGV daripada Felda walaupun keduanya adalah entiti yang berbeza.
Walaupun sehingga ke hari ini tiada hukuman mahkamah ke atas salah laku pimpinan tertinggi FGV di atas salah urus tadbir mereka, tetapi banyak pendedahan telah dilakukan dan beberapa penyiasatan masih dijalankan.
Tahun lalu, Datuk Zakaria Arshad digantung jawatan sebagai Ketua Pegawai Eksekutif FGV selepas mendedahkan beberapa skandal yang berlaku dalam FGV.
Zakaria melaporkan bahawa ada perancangan untuk mengembangkan Felda Cambridge Nanosystems Ltd yang menelan belanja sebanyak RM551 juta walaupun syarikat tersebut kerugian RM117 juta bagi tempoh 3 tahun kebelakang.
“ Sekarang, mereka (lembaga pengarah FGV) ingin berkembang, mereka perlukan RM551 juta lagi. Ini mengarut, kita adalah syarikat perladangan” Zakaria
Di samping itu, Zakaria turut mendedahkan bahawa ada perancangan untuk membelanjakan sebanyak RM300 juta untuk membeli 30% pegangan kilang krimer yang dimiliki oleh syarikat pembuat tin.
Selain daripada pelaburan yang tidak masuk akal, FGV turut dikaitkan dengan pembelian hartanah melebihi harga pasaran. Isa Samad telah ditahan oleh Suruhanjaya Pencegahan Rasuah (SPRM) pada tahun 2017 bagi siasatan pembelian hotel di Kensington, London dan Kuching.
Hotel di London itu dibeli pada harga RM330 juta walhal harga sebenar adalah RM110 juta dan Hotel di Kuching pula dibeli dengan harga RM50 juta lebih mahal daripada harga sebenar.
Terkini, Zakaria meletakkan sebagai Ketua Pegawai Eksekutif FGV setelah Kementerian Kewangan menggantung jawatan beliau kerana didakwa terlibat dengan skandal berkaitan Delima Oil Sdn Bhd.
Walau bagaimanapun, Zakaria menafikan perkara tersebut.
“[Saya meletak jawatan] kerana saya tidak mahu membuang masa saya dan masa lembaga pengarah. Saya tahu saya mempunyai satu kes yang kuat [untuk mencabar penggantungan], tetapi saya tidak mahu melaluinya lagi” – Zakaria
Siasatan akan terus dilakukan ke atas pelaburan dan pengambil alihan yang dilakukan FGV sebelum ini. Siasatan dijangka mencapai konklusinya hujung tahun ini.
5222 FGV FGV HOLDINGS BERHAD MEMORANDUM OF UNDERSTANDING
MEMORANDUM OF UNDERSTANDINGMEMORANDUM OF UNDERSTANDING BETWEEN FGV HOLDINGS BERHAD AND SAMYANG FOODS CO.LTD DATED 28 JANUARY 2019You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
5222 FGV FGV HOLDINGS BERHAD MEMORANDUM OF UNDERSTANDING
MEMORANDUM OF UNDERSTANDINGMEMORANDUM OF UNDERSTANDING BETWEEN FGV HOLDINGS BERHAD AND CHINA MACHINERYENGINEERING CORPORATION DATED 18 DECEMBER 2018You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
5222 FGV FGV HOLDINGS BERHAD MEMORANDUM OF UNDERSTANDING
MEMORANDUM OF UNDERSTANDINGMEMORANDUM OF UNDERSTANDING BETWEEN FGV HOLDINGS BHD (FORMERLY KNOWN AS FELDAGLOBAL VENTURES HOLDINGS BERHAD) AND DALIAN COMMODITY EXCHANGEYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
:) The share price of the planter, which is majority owned by the Federal Land Development Authority (Felda), has been on the downtrend since the end of August. It was traded around RM1.74 then before heading south.
FGV’s share price now at RM1
Wednesday, November 28th, 2018 at , Business | News
By ALIFAH ZAINUDDIN / Pic By TMR
Shares of FGV Holdings Bhd slumped yesterday at the close to become a penny stock as the market anxiously awaits the company’s third-quarter financial results due today and its prospects.
Shares of the government-linked planter, which had plunged to an all-time low on Monday, ended nine sen or 8.26% lower to close at a new record low of RM1 yesterday, erasing another RM330 million from its market capitalisation.
Shares of the plantation giant opened lower at RM1.08 in early trade yesterday and showed little signs of erasing the losses incurred from the previous day.
News of the legal actions against 14 of the company’s former directors have wiped out nearly RM13 billion of FGV’s market value to date since it became the world’s second-largest initial public offering (IPO) after Facebook Inc in 2012.
The share price of the planter, which is majority owned by the Federal Land Development Authority (Felda), has been on the downtrend since the end of August. It was traded around RM1.74 then before heading south.
Accusations of corruption, questionable corporate dealings, weak earnings and multiple changes in management in recent month further clouded the prospect of the palm oil producer.
When it was listed in 2012, FGV shares rushed to as high as RM5.46 or a 20% increase compared to the IPO reference price of RM4.55, making it one of the bright spots in the gloomy IPO market in Asia then.
Many initial investors in the plantation giant were global investors with Qatar Investment Authority, AIA Group Ltd, Fidelity Investments, Hong Kong-based Value Partners Group Ltd and several Malaysian state-affiliated pension funds purchasing nearly 20% of the IPO.
Many of the investors have since pared down their exposure to cut their losses.
The plantation giant’s new board and management team are trying to revive the ailing company including scrutinising questionable past dealings.
KUALA LUMPUR: FGV Holdings Bhd has entered a memorandum of understanding with South Korea's Samyang Foods Co Ltd to establish a halal ramen manufacturing facility in Malaysia.
In a statement, FGV Group CEO Datuk Haris Fadzilah Hassan said the collaboration is part of the FGV's strategic direction to expand its downstream business by diversifying its product offerings and penetrating new markets.
\"With this MoU, FGV hopes to explore the opportunity for both parties to establish a halal ramen and instant noodle manufacturing plant in Malaysia.
\"The global halal food market is one of the fastest growing segments in the food industry and is expected to reach more than US$740b in value by 2025,” he said.
FGV added that the partnership will also give FGV access to Samyang Foods' supply chain, which includes cooking oil, vegetable fats and sugar for their existing ramen plant in Wonju, South Korea.
In addition, FGV's wholly owned subsidiary Delima Oil Products Sdn Bhd, which leads the group's downstream business expansion, can leverage Samyang Foods' strong R&D and global distribution networks for its SAJI products.
\"Samyang Foods is an established global brand. Therefore this is a fantastic business prospect for FGV to explore and will ultimately benefit Malaysia by further positioning it as an integrated Halal hub for global markets.
\"We will be able to leverage on our local expertise in the Halal industry including Malaysian halal accreditation which is recognised worldwide,\" said Haris.
KUALA LUMPUR (Jan 28): Malaysian palm oil futures opened at their highest in nearly seven months on Monday and were headed for a sixth session of gains in seven, supported by strength in related edible oils.
The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange opened 1.7% higher at RM2,333 and was last up 1.4% at RM2,325 (US$565.97) a tonne at the midday break.
Trading volumes stood at 11,091 lots of 25 tonnes each.
"Palm is up tracking strength in the Dalian Commodity Exchange," said a futures trader from Kuala Lumpur, referring to soyoil.
Palm prices rose on Monday even though data from a millers' association showed gains in January output, as the market has "already factored in the rush to harvest ahead of festive holidays", she said.
Malaysian markets will be closed on Feb 5-6 for the Lunar New Year celebrations.
Strong gains in US soyoil on Friday also helped palm, said another trader.
"The (millers' association) output data only shows production in Peninsular Malaysia is up," he said. The eastern states of Sabah and Sarawak are the country's top producing regions.
Palm oil may gain more to RM2,351 per tonne as it has cleared a resistance at RM2,322, said Wang Tao, a Reuters market analyst for commodities and energy technicals.
Meanwhile, soyoil prices on the US Chicago Board of Trade gained 1.8% on Friday, supported by concerns of Brazil's crop size and short-covering ahead of planned US-China trade talks next week.
The Chicago March soybean oil contract was up 0.1% on Monday.
In other related oils, the May soybean oil contract on the Dalian Commodity Exchange jumped 1.8%, and the Dalian May palm oil contract rose 1.6%.
Palm oil prices are affected by movements in soyoil rates, as they compete for a share in the global vegetable oil market.
Palm, soy and crude oil prices at 0504 GMT:
Contract Month Last Change Low High Volume MY PALM OIL FEB9 2211 +21.00 2206 2212 54 MY PALM OIL MAR9 2290 +25.00 2283 2298 1357 MY PALM OIL APR9 2325 +31.00 2315 2333 5325 CHINA PALM OLEIN MAY9 4848 +74.00 4768 4858 379516 CHINA SOYOIL MAY9 5788 +100.00 5682 5806 387856 CBOT SOY OIL MAR9 30.06 +0.03 29.97 30.1 3920 INDIA PALM OIL JAN9 564.00 +4.00 563.70 565 152 INDIA SOYOIL FEB9 776.7 +6.85 773 777.8 4280 NYMEX CRUDE MAR9 53.38 -0.31 53.20 53.64 30684 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 = RM4.1080) (US$1 = 71.0560 Indian rupees) (US$1 = 6.7291 Chinese yuan)
I think partnership with Samyang ramen noodles is a good move. A lot of malays like Samyang instant noodles and could open up new market in other Muslim countries.
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....
pang72
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Posted by pang72 > 2019-01-28 13:48 | Report Abuse
1.30 mari lo