FGV Holdings bleeds RM1.1b in 2018 KUALA LUMPUR, Feb 28 — FGV Holdings Bhd (formerly Felda Global Ventures) booked a net loss of RM1.08 billion in the financial year ending December 31, 2018, it said in a Bursa Malaysia filing today. FGV had recorded a net profit of RM403 million in the 2017 financial year. The firm attributed the decline to impairments and provisions, and to the 24.6 per cent decline in crude palm oil prices vis-a-vis 2017. “In the fourth quarter, the plantation operations were focused on plugging leaks, revising processes and implementing new controls to bring our estate performance in line with other large players in the industry,” FGV group chief executive Datuk Haris Fadzilah Hassan said. “Some of these initiatives are already starting to bear fruit, but the improvements will be more visible in 2019.” The result equates to a RM29.60 loss per share for the 2018 financial year. Feldal Global Ventures was previously the investment arm of the Federal Land Authority (Felda) and was made publicly listed in 2012 under a controversial initiative by former prime minister Datuk Seri Najib Razak
@songaikoon.... Thank you very much for your kind words... My intention is to help others to steer through the up and down of FGV...my experience, expertise and knowledge in FA and TA could be applied to maximize the return from investing and trading in this stock since I opined that FGV is on the road of recovery....
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....
Undi_PKR
945 posts
Posted by Undi_PKR > 2019-03-20 15:22 | Report Abuse
Tongkarat support BN? Go far far haha.