Posted by Heavenly PUNTER > 2019-02-28 16:52 | Report Abuse

holland result oh

Posted by DickyMe > 2019-02-28 17:17 | Report Abuse

FGV posts Q4 net loss of RM208m
https://www.malaysiakini.com/news/466023

Posted by Daily8 > 2019-02-28 17:24 | Report Abuse

This QR PROFIT is about 110mil BUT translated into loss due to IMPAIRMENT.

DO YOU UNDERSTAND IMPAIRMENT LOSS ? ( already factor in on last Quarter release)

Posted by DickyMe > 2019-02-28 17:36 | Report Abuse

A LOSS IS A LOSS, FGV will become PENNY STOCK.

Posted by henry888 > 2019-02-28 18:01 | Report Abuse

@Daily8. No need to explain to him. You can only see his posting when FGV price go down. I don't know what is the use. may be can make him happier or may be from call warrant maker.

Posted by qqq3 > 2019-02-28 18:03 | Report Abuse

as expected reported losses...................know too much will not buy.............

but did not buy, share go from 60 sen to $ 1.20.............How to make money?

Posted by Daily8 > 2019-02-28 18:23 | Report Abuse

Henry888, it’s ok. I can understand some people who are ill hearted due to their own losses .

Transformation plan was done during Azhar helm ( Jan 2019) and we have witnessed the all the plans are taking into effect.

Implications of impairments on APL is not a scrutiny but a blessing in disguise, I hope.
( I hope management can source the right buyers and after the sales of APL, the sales from the proceeds can translate into the company report).

While in the transformation as promised by Azhar for year ending 2018 and whole year 2019 is taking into place, we shareholders will see the results instead. New PH government are working hard to deminish the ill image of our Palm Oil Plantations and steps are taken into it and can directly be seen in local and international settings.


“There are persistent rumours on the potential delisting of FGV.” Quoted by open Letter from Datuk Azhar.

“With the transformation plan in place, there is tremendous upside potential for FGV’s shareholders.
As a listed entity, FGV is also expected to uphold the highest standards of integrity and good governance as required by Bursa Malaysia, and The Malaysian Code of Corporate Governance (MCCG). As a result, we are committed to transparency and timely disclosures. Our commitment is evident in the actions we have taken thus far, including leadership changes and pursuing legal action against those responsible for the losses suffered by the co.”

I hope Politicians like Azmin Ali can take a step back to allow FGV to work efficiently into the transformation plan.

Note: It’s been said and informed that the impairment loss will also affect the latest quarter and that’s been done.

Posted by Huat1 > 2019-02-28 18:37 | Report Abuse

Will buy tomorrow....

Posted by Jiahui Foo > 2019-02-28 18:41 | Report Abuse

KWAP keep on selling 2k -3k lots daily for whole week.

Posted by Mabel > 2019-02-28 19:02 | Report Abuse

http://www.theedgemarkets.com/article/fgv-reports-rm108b-net-loss-fy18

FGV’s transformation plan was approved by the board and phased implementation started in October 2018.

The early initiatives to plug leaks and change processes are already showing early signs of success.

“We have been tracking the performance of estate by estate for the last few months and can clearly see where the gaps are and how to address them.

"To date 59 per cent of FGV’s estates have met their budget numbers or exceeded them,” Haris said.

At the mill level, initiatives to tighten controls and reduce milling losses were underway, FGV is monitoring its mill utilsation rate and has put in place steps to increase sourcing of FFB from independent smallholders and other third parties.

FGV’s replanting regimen is also on track to normalise palm age profile by 2026.

In 2019, FGV has targeted to replant 15,000 hectares of with oil palm..

“At a strategic level, plans to exit non-core businesses are underway. Similarly, manpower rationalisation efforts are being implemented,” he added.

Posted by Mabel > 2019-02-28 19:06 | Report Abuse

FGV also said APL has been loss making since acquisition, despite efforts undertaken by management to improve its performance due to several challenges faced by APL in particular due to its geographical location, labour shortages and weather.
APL had also suffered crop losses over the years, which require significant efforts to rehabilitate the estate assets.
Due to lack of synergy derived since the acquisition of APL, management has decided to reorganize its reporting structure to review APL operations separately from the other Palm Upstream operations with effect from the quarter ended Sept 30, 2018. Accordingly, the goodwill on the acquisition of APL has been retained in APL.
“Based on the impairment assessment performed subsequent to the reorganisation of its reporting structure, an impairment loss of RM513mil has been recognized in the consolidated financial statements for the period ended 30 September 2018,” it said.

Read more at https://www.thestar.com.my/business/business-news/2019/02/28/fgv-posts-rm1bil-net-loss-in-fy18-due-to-impairments-provisions/#GmqXUxYUOuCKk7Rm.99

Posted by Daily8 > 2019-02-28 19:20 | Report Abuse

@Jiahui Foo, KWAP SOLD not just FGV SHARES ALONE. They sold GAMUDA, and other shares counter too.

Significantly, KWAP also sell Dayang when. KYY gave a buy calls.

Posted by Daily8 > 2019-02-28 19:27 | Report Abuse

Do note KWAP themselves are NOT good in their calls.

Posted by Daily8 > 2019-02-28 19:28 | Report Abuse

Another add on.

Don’t forget there is another proceed of sales coming up at total 350mil and a land in Perlis already found buyer.

I anticipate good news coming up from FGV

Posted by Fortuner2019 > 2019-02-28 19:29 | Report Abuse

Keep collecting tmrw

Posted by Jiahui Foo > 2019-02-28 19:34 | Report Abuse

@Daily8. All the best to our new leader, Daily 8. Mambang, u out lah. :-)

Posted by Daily8 > 2019-02-28 19:44 | Report Abuse

Quoted from Azhar again.

“Through its transformation plan, FGV will correct its legacy issues and restore operational integrity. It is estimated that at an average CPO price of RM2,500 per MT, FGV should be able to earn profit before tax (PBT) of RM1.0 billion a year. All shareholders, especially FELDA will stand to benefit.”

Keyword: IF CPO price going up to 2500 per MT , profit is 1billion per year.

Posted by Daily8 > 2019-02-28 19:46 | Report Abuse

Tun M already wet his feet in discussions with international leaders. News of Monday delivered Norway will incorporate 20% of bio diesel till year 2020. This is huge revenues coming in. Let FGV run the show.

Posted by Daily8 > 2019-02-28 19:49 | Report Abuse

FGV is now in the international arena. I believed news of bio diesel and FGV transformation will attract more foreign investors coming in, So, please AZMIN Ali, step aside.

Posted by hollandking > 2019-02-28 19:51 | Report Abuse

waah, pump like that also can

Posted by mohdabdhalim > 2019-02-28 20:38 | Report Abuse

KUALA LUMPUR (Feb 28): FGV Holdings Bhd said it has undertaken the worst of its impairments during the financial year ended Dec 31, 2018 (FY18) and does not expect any more major impairments of a similar scale to be made in the current financial year.

FGV group chief executive officer Datuk Haris Fadzilah Hassan said the group's total impairment for FY18 amounted to RM966 million, largely due to significant impairments related to three companies, namely Asian Plantation Ltd, FGV Green Energy Sdn Bhd and Cambridge Nanosystems Ltd.

He said the impairments related to the three companies totalled over RM700 million out of the total impairment for the year, which had dragged its financial results for FY18, despite making good progress in its turnaround plan.

"We have taken a lot of impairments last year, so hopefully FGV's performance in 1QFY19 will reflect more of the results of our turnaround initiatives," he told the media at a briefing following the release of the group's 4QFY18 results today.

Haris said FGV will hopefully be free of its legacy issues in 1QFY19, adding that there will no longer be any more big impairments in the current financial year.

"I don't think there will be an impairment of this size. This has been a milestone in FGV's history. A lot of the investments put in post-IPO did not give the kind of returns that were expected at the time of investment," he said.

Meanwhile, Haris said there will be some impairments this year related to the Malaysian Financial Reporting Standards 9 (MFRS 9) regulations regarding accounts receivables.

Asked if the group could return to the black in FY19, given that most of the impairments have been done, Haris said: "That's the whole point of the turnaround plan. If the financials don't improve I would be out of the job."

http://www.theedgemarkets.com/article/no-more-major-impairments-ahead-says-fgv

Posted by DickyMe > 2019-02-28 20:42 | Report Abuse

When entities are operated by Pirates. No integrity. It's not about KWAP or any funds selling or buying. RM1 item inflated to RM1000. Loot is shared among them. "Itu untuk kau, ini utk aku, eh utk kau, aa utk aku...." It is a common disease in govt and GLCs. PILFERAGE.

Posted by DickyMe > 2019-02-28 20:43 | Report Abuse

SAWIT will drop to RM200, Norway can cancel order.

Posted by Daily8 > 2019-02-28 21:01 | Report Abuse

DickyMe, as the matter of fact, if CPO price drop, Norway will be happier. They buy palm oil at cheaper price.

Posted by DickyMe > 2019-02-28 21:18 | Report Abuse

No, they may not need it. They can explore alternative, not necessarily palm oil.

Posted by Daily8 > 2019-02-28 22:41 | Report Abuse

You already said "may". To me, they "will" need it.

Posted by mohdabdhalim > 2019-02-28 23:01 | Report Abuse

FGV next sentiment is 'window dressing'.. ;)

Posted by MoneyUp888 > 2019-03-01 00:26 | Report Abuse

F*cking PH puppet counter

Posted by 5354_ > 2019-03-01 06:30 | Report Abuse

CW expire Mar'19 exercise price 1.85,2 out of money. Apr'19 expire 1.35-1.8 so can goreng to 1.35?
https://klse.i3investor.com/servlets/stk/stwarrant/5222.jsp

Posted by Jiahui Foo > 2019-03-01 07:30 | Report Abuse

@Dicky. If someone aim so glorious, we should all blessing them. :-)

Posted by Alan Wong > 2019-03-01 07:44 | Report Abuse

https://www.malaymail.com/news/money/2019/02/28/fgv-holdings-bleeds-rm1.1b-in-2018/1727805

RUN !!! Evac ....just reported RM 1,100,000,000 deficits . Hang On tight it’s gonna be a bumpy ride ....lolz

Posted by fgvnewbie > 2019-03-01 07:56 | Report Abuse

sifus I heard MSM will dispose Perlis(Chuping) land true? Any idea how much $ MSM can get?

Posted by Jiahui Foo > 2019-03-01 09:04 | Report Abuse

Harris said no more impairments in coming quarterss. Strong boost in Fgv!

Posted by Jiahui Foo > 2019-03-01 09:41 | Report Abuse

Now become Forever Green Vision (FGV) oledi.

Posted by azta12 > 2019-03-01 09:45 | Report Abuse

hantam

Posted by 8888_ > 2019-03-01 09:45 | Report Abuse

Where are yesterday haters?

Posted by mohdabdhalim > 2019-03-01 09:46 | Report Abuse

@Jiahui Yes.. FGV pun mau window dressing juga..

Posted by Jiahui Foo > 2019-03-01 09:48 | Report Abuse

Relax 888, Forever Green Vision now......

Posted by 8888_ > 2019-03-01 09:49 | Report Abuse

Besok Semenyih election. Habis Semenyih lagi ada 3 election.

Posted by azta12 > 2019-03-01 09:50 | Report Abuse

nice, keep the momentum going

Posted by Jiahui Foo > 2019-03-01 09:50 | Report Abuse

Mambang tenang memancing green crabs now........

Posted by signalmw > 2019-03-01 09:53 | Report Abuse

Sell

Posted by henry888 > 2019-03-01 09:53 | Report Abuse

Friday show time....

Posted by enid888 > 2019-03-01 09:56 | Report Abuse

All the bad investments have been impaired. The company is totally clean now. From now on, just fully focus to run the profitable oil palm plantation and sugar manufacturing. Future is bright.

Posted by carilembu > 2019-03-01 09:57 | Report Abuse

koperasi teruskan beli

Posted by Jiahui Foo > 2019-03-01 10:04 | Report Abuse

Noodle business hot2 now.....+factor for Fgv!:-)

Posted by enid888 > 2019-03-01 10:17 | Report Abuse

Share market investment is talking about company future prospects and future earnings. As all the bad branches had been cleared, this FGV tree now is left with healthy branches and green leaves. More new branches and new leaves (earnings) will grow in near future.

Posted by Jiahui Foo > 2019-03-01 10:19 | Report Abuse

118 means huat for all everyday!

Posted by Op3rs > 2019-03-01 11:01 | Report Abuse

geng result like dat also can huat

Posted by Jiahui Foo > 2019-03-01 11:22 | Report Abuse

Good news is dun have impairments anymore!