Posted by Good123 > 2019-01-31 08:37 | Report Abuse

net assets per share rm1.30, even if Q4,2018 rugi pun, tak mungkin rugi per saham melebihi 30sen, agak selamat at rm1. after Q4, 2018, start anew

Posted by Good123 > 2019-01-31 08:43 | Report Abuse

oil price has risen... burn more palm oils for biodiesel

U.S. crude futures rose 92 cents to settle at $54.23 a barrel, a 1.73 percent gain. Brent crude futures gained 33 cents, or 0.54 percent, to $61.65 a barrel.

NEW YORK: Oil prices rose on Wednesday, as U.S. government data that showed signs of tightening supply and investors remained concerned about supply disruptions following U.S. sanctions on Venezuela's oil industry.

U.S. crude futures rose 92 cents to settle at $54.23 a barrel, a 1.73 percent gain. Brent crude futures gained 33 cents, or 0.54 percent, to $61.65 a barrel.


Prices extended gains after government data showed U.S. crude oil stockpiles rose less than expected last week due to a drop in imports, while gasoline inventories fell from record highs as refiners slowed production.

Crude inventories rose by 919,000 barrels, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for an increase of 3.2 million barrels.

After eight straight weeks of builds to a record high, gasoline stocks fell 2.2 million barrels last week, versus forecasts for a 1.9 million-barrel gain.

\"The report looked supportive on several fronts with the most obvious being a smaller-than-expected crude build of less than 1 million barrels,\" Jim Ritterbusch, president of Ritterbusch and Associates, said in a note. \"While the slight increase may not appear monumental, we will reiterate that the build compared with 5-year average increases of about 7.5 million barrels.\"

The market has been supported since Washington announced export sanctions against Venezuela on Monday, limiting transactions between U.S. companies and Venezuelan state-owned oil firm PDVSA.

The fight to control Venezuela, which has the world's largest oil reserves, has intensified with the new sanctions aimed at driving President Nicolas Maduro from power, the strongest U.S. measures yet against the socialist president who has overseen economic collapse and an exodus of millions of Venezuelans in recent years.

The sanctions aim to freeze sale proceeds from PDVSA's exports of roughly 500,000 barrels per day of crude to the United States, the OPEC member's largest crude importer.

Traders who sell Venezuelan crude to the United States are looking for avenues to keep crude flowing during the sanctions, according to people familiar with the discussions, while U.S. companies that buy Venezuelan oil have also been looking for work-arounds, seeking counsel for instance on whether the use of third-party intermediaries, such as commodity merchants, can continue.

\"The main risks for supply could come from a violent confrontation within the country, damaging the oil infrastructure,\" analyst Carsten Menke at Julius Baer said.

\"Yet the risks of such an event seem very low,\" he added. \"This oil will find its way to the market.\"

GRAPHIC: Venezuela vs U.S. crude oil production - https://tmsnrt.rs/2HH4Otd

Market participants remained worried about global economic growth, which has shown signs of slowing amid a trade dispute between the United States and China, the world's two biggest economies.

Officials from Washington and Beijing launched a new round of trade talks on Wednesday. The two sides have slapped hefty import tariffs on each other's goods.

China reported its lowest annual economic growth in nearly 30 years last week, adding to a litany of worrying economic data from Europe and East Asia. - Reuters

Posted by Jiahui Foo > 2019-01-31 08:46 | Report Abuse

Share price not necessarily linked with NTA lah. Eg. BJCorp.

Posted by Good123 > 2019-01-31 08:51 | Report Abuse

China could absorb excess palm oils easily if wanted.

China offers a huge market for M’sian biodiesel producers

NATION

Saturday, 3 Feb 2018

by yimie yong



Successful meeting: Mah (left) shaking hands with Bai at a joint press conference in Putrajaya.

PUTRAJAYA: China is encouraging more Chinese corporations to invest in the primary industries in Malaysia especially in biofuels, said Chinese ambassador to Malaysia Bai Tian.

He noted China has the largest consumer market in the world with its population of 1.3 billion people.



Its biodiesel sector had huge potential for Malaysian biodiesel producers.

Consumption of diesel in China was at 165 million tonnes in 2016, and if just 5% of this amount was biodiesel, it would be equivalent to 8.25 million tonnes.

“In 2015, China only produced 300,000 tonnes of biodiesel. This means that China will need to import about eight million tonnes of biodiesel,” Bai said after paying a courtesy call to Datuk Seri Mah Siew Keong at the Plantation Industries and Commodities Ministry.

Bai also said China would be importing more Malaysian palm oil and palm oil-based products with no restrictions.

“We will not set any limit. There will be no ‘glass ceiling’ for the import of Malaysian palm oil and palm oil-based products,” he added.

His comments on Malaysian palm oil comes in the wake of the European Union’s proposal to ban palm oil biofuels by 2020, a move that could threaten the livelihood of thousands of Malaysian smallholders and several millions of workers.

On a separate matter, Mah, the Plantation Industries and Commodities Minister, expects China to become Malaysia’s largest primary products importer in the next two years, based on current trading trends.

“China has overtaken India to become the number two top export destination for Malaysian palm oil and palm oil-based products,” he said.

In the first 11 months of 2017, the total export of palm oil and palm oil-based products to China grew 9.8% to RM8.52bil, from RM7.76bil a year ago.

As for the export of rubber and rubber products, Mah said China has also overtaken the US and European Union to become the top export destination for Malaysia.

The total export of rubber and rubber products to China in the first 11 months last year jumped 76% year-on-year to RM7.45bil, compared to RM4.23bil in the same period in 2016.

“Besides China, we are diversifying our palm oil market, expanding to Iran, Vietnam and the Middle East,” he said.

Earlier this month, the EU Parliament passed two resolutions to impose a single certified sustainable palm oil scheme for Europe-bound palm oil exports after 2020 and to phase out palm oil from the EU biofuel programme by 2020.

The move was based on claims that palm oil producers have failed to achieve United Nations Sustainable Development Goals, which include responsible consumption, production and climate action.


Read more at https://www.thestar.com.my/news/nation/2018/02/03/china-offers-a-huge-market-for-msian-biodiesel-producers/#f6yDjfKD6qmz3Aq7.99

Posted by 8888_ > 2019-01-31 08:55 | Report Abuse

CPO up yesterday so today FGV must up?

Posted by Tongkarat > 2019-01-31 08:58 | Report Abuse

Morning morning morning to all.....what a beautiful morning... Pagi yang indah

Posted by Tongkarat > 2019-01-31 08:59 | Report Abuse

Jiahui Foo tidor lena malam tadi ya

Posted by azta12 > 2019-01-31 09:00 | Report Abuse

good morning, tongkarat.. yes a beautiful morning indeed.

Posted by Tongkarat > 2019-01-31 09:00 | Report Abuse

Mambang sawit ronda ronda dulu kebun sawit

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

Yes azta12....sawadikap

Posted by Tongkarat > 2019-01-31 09:02 | Report Abuse

Sawitkap....

Posted by Tongkarat > 2019-01-31 09:02 | Report Abuse

Santankap...

Posted by Tongkarat > 2019-01-31 09:03 | Report Abuse

Jellykap....

Posted by Tongkarat > 2019-01-31 09:03 | Report Abuse

Kopkunkap....

Posted by Jiahui Foo > 2019-01-31 09:13 | Report Abuse

Mambang take balik kg ke?

Posted by Tongkarat > 2019-01-31 09:14 | Report Abuse

Mambang duduk kat kebun sawit je....

Posted by Jiahui Foo > 2019-01-31 09:16 | Report Abuse

Cuti panjang boleh main layang2, berkelah dekat sungai, tapi jgn tengok chart lor.....

Posted by 129055444514385 > 2019-01-31 09:19 | Report Abuse

Harga IPO sangat tinggi :)

Prospectus:
INITIAL PUBLIC OFFERING ("IPO") OF UP TO 2,188,890,900 ORDINARY SHARES OF RM1.00 EACH IN FELDA GLOBAL VENTURES HOLDINGS BERHAD ("FGVH") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 3,648,151,500 ORDINARY SHARES OF RM1.00 EACH IN FGVH ("SHARES") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 1,208,890,900 EXISTING SHARES ("OFFER SHARES") AND A PUBLIC ISSUE OF 980,000,000 NEW SHARES ("ISSUE SHARES") COMPRISING:

(I) INSTITUTIONAL OFFERING OF UP TO 1,915,279,900 SHARES COMPRISING:
• UP TO 1,208,890,900 OFFER SHARES AND 286,852,000 ISSUE SHARES TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND
• 419,537,000 ISSUE SHARES TO BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AT THE INSTITUTIONAL PRICE,

(II) RETAIL OFFERING OF 273,611,000 SHARES COMPRISING:
• 200,648,000 ISSUE SHARES MADE AVAILABLE TO THE ELIGIBLE EMPLOYEES (AS DEFINED HEREIN), ELIGIBLE FELDA SETTLERS (AS DEFINED HEREIN) AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF FGVH AND ITS SUBSIDIARIES; AND
• 72,963,000 ISSUE SHARES MADE AVAILABLE TO THE MALAYSIAN PUBLIC,

AT THE RETAIL PRICE OF RM4.55 PER SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE (AS DEFINED HEREIN) IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF:
(I) THE RETAIL PRICE; AND

(II) 98% OF THE INSTITUTIONAL PRICE,

SUBJECT TO ROUNDING TO THE NEAREST SEN.
FGVH-NoticeOfProspectus (66KB).pdf

FGVH-Cover to Page 150 (3.2MB).pdf

FGVH-Page 151 to Page 400 (2.4MB).pdf

FGVH-Page 401 to Page 700 (2.9MB).pdf

FGVH-Page 701 to Annexure A-40 (2.7MB).pdf

FGVH-NoticeOfProspectus (66KB).pdf

FGVH-Cover to Page 150 (3.2MB).pdf

FGVH-Page 151 to Page 400 (2.4MB).pdf

FGVH-Page 401 to Page 700 (2.9MB).pdf

FGVH-Page 701 to Annexure A-40 (2.7MB).pdf

Posted by Tongkarat > 2019-01-31 09:29 | Report Abuse

Ya ya jiahui Foo.... Cuti panjang....boleh main kejar kejar dalam kebun sawit....

Posted by mohdabdhalim > 2019-01-31 09:45 | Report Abuse

@129055444514385 usah throwback kenangan lalu.. hehe.. memang overvalued IPO hehe..

Posted by Jiahui Foo > 2019-01-31 09:51 | Report Abuse

Derita memory......

Posted by PH_better > 2019-01-31 10:08 | Report Abuse

ECRL money better use to privatise FGV.

Posted by PH_better > 2019-01-31 10:10 | Report Abuse

RM 2 FGV I think Felda Settlers happier with PH not ECRL(which they still must pay to use).

Posted by 5354_ > 2019-01-31 10:14 | Report Abuse

Money more in rakyat pockets(shares go up for eg) better than more railways projects I believe is true.

Posted by ZhuJiaHao > 2019-01-31 10:20 | Report Abuse

wow so many news articles on this

Posted by 8888_ > 2019-01-31 10:23 | Report Abuse

1.1 to celebrate CNY?

Posted by Tongkarat > 2019-01-31 10:47 | Report Abuse

Mambang sawit ronda ronda....

Posted by Jiahui Foo > 2019-01-31 10:58 | Report Abuse

Today nampak biawak tak?

Posted by rr88 > 2019-01-31 11:16 | Report Abuse

0.63 to 1.08. Now hegeh2 at 0.995/1.00 b4 coming down post cny. Get out now b4 this drop.

Posted by Tongkarat > 2019-01-31 11:25 | Report Abuse

Jiahui Foo.... ada biawak dekat tepi tepi parit kebun sawit....shooo shooo.... kasik halau sama biawak

Posted by jackMaDe > 2019-01-31 11:29 | Report Abuse

should cut loss on this counter? or still got hope

Posted by Jiahui Foo > 2019-01-31 11:32 | Report Abuse

Bagi biawak makeh popcorn sikit, nanti baru dia goreng2.......

Posted by ChenPoon > 2019-01-31 11:36 | Report Abuse

goreng until how high?

Posted by Jiahui Foo > 2019-01-31 11:39 | Report Abuse

Tongkarat tp lor.......

Posted by henry888 > 2019-01-31 11:43 | Report Abuse

3 times limit up just like IW city last times. Hehe, just a joke.

Posted by WangWei > 2019-01-31 11:46 | Report Abuse

tp 1.5? 2.0 maybe?

Posted by Felda_settlers > 2019-01-31 11:53 | Report Abuse

RM 2 no hope meaning PH no harapan to win GE15?

Posted by Felda_settlers > 2019-01-31 11:55 | Report Abuse

Cameron loss will PH ever learn? Mau cuba Semenyih kalah next?

Posted by henry888 > 2019-01-31 11:59 | Report Abuse

If they lose in GE15, ending will be more catastrophe than ahjib. So they have to work hard.

Posted by Felda_settlers > 2019-01-31 12:26 | Report Abuse

We wants Najib(BN) back.

Posted by Jiahui Foo > 2019-01-31 12:28 | Report Abuse

Hadi Awang better.....

Posted by Felda_settlers > 2019-01-31 12:32 | Report Abuse

Pas-BN in GE15?

Posted by polyester > 2019-01-31 12:33 |

Post removed.Why?

Posted by mohdabdhalim > 2019-01-31 12:36 | Report Abuse

KUALA LUMPUR (Jan 31): RHB analyst Hoe Lee Leng upgraded the recommendation on FGV Holdings Bhd to trading buy from neutral.

* Price target (PT) raised to RM1.20 from 80 sen, implies 21% increase. FGV average PT is 94 sen.

* FGV had 0 buys, 10 holds, 2 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 44 percent in the past three months. Forecasts range from 80 sen to RM1.20. 

Performance Metrics

* Investors who followed the analyst's recommendation would have received a negative 23 percent return in the past year, compared with the negative 50 percent return on the shares.

Posted by Undi_PKR > 2019-01-31 12:54 | Report Abuse

RHB we must join as preferred broker?

Posted by Tongkarat > 2019-01-31 13:15 | Report Abuse

Mambang sawit relax.....tidor

Posted by Tongkarat > 2019-01-31 13:16 | Report Abuse

Dah penat halau biawak....

Posted by Tongkarat > 2019-01-31 13:43 | Report Abuse

Aiyooooo....nanti biawak gigit woh....aiyoyo

Posted by Jiahui Foo > 2019-01-31 14:11 | Report Abuse

RHB previously strongly recommend Buy call for Mah Sing at 1.40 in their daily research, then no movement. Total 3 time calling also same. Now 95 sen. I really takut RHB one.....

Posted by Sinoboy > 2019-01-31 14:24 | Report Abuse

Currently, the new management is trying to lift fgv from the doldrums. If efforts are successful, the turnaround will only be visible in probably 6 months. Until then, it's anyone's guess...