Posted by Tongkarat > 2019-04-01 16:14 | Report Abuse

You are welcome my friend henry888...

Posted by Tongkarat > 2019-04-01 17:15 | Report Abuse

Closed within the support band....

Posted by henry888 > 2019-04-01 17:37 | Report Abuse

Master Tongkarat, good factors keep on pouring in, why not moving, what is your viewpoints..

Posted by Tongkarat > 2019-04-01 18:34 | Report Abuse

@henry888.... sawit is in consolidation and accumulation stage... just be patience....

Posted by Solomon7 > 2019-04-01 19:16 | Report Abuse

Delisting is not a good option. Instead, revenue optimization and cost rationalisation is a better alternative. Barter trade with China is one of the better way out with ECRL.

Posted by Ring > 2019-04-01 20:42 | Report Abuse

FELDA Global Ventures Holdings Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(FGV) is believed to be in the midst of finding a solution to improve the terms of its land lease agreement (LLA) with the Federal Land Development Authority (Felda) which has distorted the calculation of its profits, say sources.

Under the LLA agreement signed in 2012, FGV has to pay Felda a fixed amount of RM250mil per year in cash for 20 years and a 15% share of operating profit from the sales of fresh fruit bunches derived from the estate land leased from Felda.


Read more at https://www.thestar.com.my/business/business-news/2015/02/28/fgv-to-review-lla-terms/#hF6olPMxBeZMvZ28.99

Posted by henry888 > 2019-04-01 20:43 | Report Abuse

Thanks. Master Tongkarat. @Solomon 7.totally agreed. I also think of that one of the way to lower cost of ECRL is to use palm oil to pay for ECRL. This is triple win win situation. 1. FGV got sales and reduces high stock piles 2. lower cost of ECRL 3. since lower cost will entail lower borrowing and therefore reduce debts.

Posted by Ring > 2019-04-01 20:50 | Report Abuse

☝️
1. Fgv yield only 17 mt n to stay put in buisness must get minumum of 23 mt

2. Becox of low yield fgv unable to meet LLA hence felda went into debts by 8 billion

3.Fgv is telling they are on intensive replanting n replanting done by the same managers hence can they give high yield as we need comitted managers, if fgv is given to IOI they can give yield above 23 Mt

4. If we have robbers n lazy managers then how to get the yield

5. Govt pumpimg 3 billion into felda but they cannot do same to fgv as it a listed Co n controlled by bursa

6. Both felda n fgv bankrupt so now please comment

Posted by 8888_ > 2019-04-01 21:24 | Report Abuse

Malaysia's March palm oil exports rise 22.9% — AmSpec Agri
https://www.theedgemarkets.com/article/malaysias-march-palm-oil-exports-rise-229-%E2%80%94-amspec-agri

Posted by 8888_ > 2019-04-01 21:26 | Report Abuse

Palm edges up on stronger exports
https://www.theedgemarkets.com/article/palm-edges-stronger-exports

Posted by Solomon7 > 2019-04-01 21:26 | Report Abuse

@henry888. This is my general observation, maybe the barter trade could help FGV.

@ring, one word to describe could be adverse human factor in maintaining and planning. Pretty hard to overhaul I think and need times. Your example of having IOI to run it will yield higher is classic quote. Let see how the company perform next few quarter. Just don't repeat the history Of saving MAS in FGV.

Posted by spectre007 > 2019-04-01 21:31 | Report Abuse

Further to our Announcement dated 11 December 2018, the Company wishes to update that the Dubai Court of First Instance (the "Court") has pronounced its decision in favour of Delima Oil Products Sdn. Bhd. ("Delima") on 23 March 2019. The Court has ordered Safitex General Trading LLC to pay Delima the sum of USD11,699,882.59 with 9% annual interest from the date of judgment until the full settlement of judgment debt.

This announcement is dated 1 April 2019.

Posted by spectre007 > 2019-04-01 21:41 | Report Abuse

KUALA LUMPUR (April 1): Malaysian palm oil futures rose on Monday as cargo surveyor data showed stronger March exports, although gains were capped by concerns about higher production.

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed 0.3% higher at 2,113 ringgit a tonne (US$518.02), having earlier gained as much as 0.7% to reverse part of the previous two sessions' 1.4% loss.

"The export numbers are encouraging, but the market has already priced (that) in," said Anilkumar Bagani, research head of Sunvin Group, a Mumbai-based vegetable oil broker, referring to the cargo surveyor data.

Intertek Testing Services said Malaysia's palm oil shipments in March rose 22.4% from a month earlier, while AmSpec Agri Malaysia said exports increased 22.9% last month.

Malaysia saw higher demand from the Middle East, Africa and China, according to ITS data.

Another cargo surveyor Societe Generale de Surveillance reported on Monday evening a 28.1% gain over the same period.

Capping palm's gains was a forecast that Malaysian palm oil production had risen in March, in line with a seasonal trend, after declining for the previous four months.

In other related oils, the Chicago May soybean oil contract rose by 0.5%, while the May soyoil contract on the Dalian Commodity Exchange slipped 0.1%.

The Dalian May palm oil contract rose 0.3%.

Palm oil prices are affected by movements in soyoil, as they compete for a share in the global vegetable oil market.

(US$1 = 4.0790 ringgit)

Posted by kuaTAKtahu > 2019-04-01 22:32 | Report Abuse

FGV won the suit case , received USD11,699,882.59 with 9% annual interest soon

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6113281

Posted by Tongkarat > 2019-04-01 22:58 | Report Abuse

White Paper should probably provide clearer picture to all of us...

Posted by Tongkarat > 2019-04-01 23:00 | Report Abuse

@kuaTAKtahu.... that is an additional bonus for sawit....

Posted by Tongkarat > 2019-04-01 23:03 | Report Abuse

Thanks to spectre007 as well for highlighting the news earlier.... good vibes for sawit...

Posted by kuaTAKtahu > 2019-04-01 23:31 | Report Abuse

Further to our Announcement dated 11 December 2018, the Company wishes to update that the Dubai Court of First Instance (the "Court") has pronounced its decision in favour of Delima Oil Products Sdn. Bhd. ("Delima") on 23 March 2019. The Court has ordered Safitex General Trading LLC to pay Delima the sum of USD11,699,882.59 with 9% annual interest from the date of judgment until the full settlement of judgment debt.



This announcement is dated 1 April 2019.

Posted by Daily8 > 2019-04-01 23:33 | Report Abuse

Delima Oil Prod is subsidiary of FGV. Congrats

Posted by Tongkarat > 2019-04-01 23:35 | Report Abuse

@Daily8... That's right

Posted by Tongkarat > 2019-04-02 08:41 | Report Abuse

Good morning.... mambang sawit ronda ronda kebun sawit...

Posted by Tongkarat > 2019-04-02 08:42 | Report Abuse

Kebun sawit nampak menghijau....nyaman

Posted by Tongkarat > 2019-04-02 09:25 | Report Abuse

Kasik kompang dulu....

Posted by Tongkarat > 2019-04-02 09:25 | Report Abuse

Pang pang pang kopang kopang kopang gibing gibing gibing gibing

Posted by Tongkarat > 2019-04-02 09:26 | Report Abuse

Kopang kopang kopang kopang gibing gibing gibing gibing

Posted by Tongkarat > 2019-04-02 09:26 | Report Abuse

Kopang kopang kopang kopang gibing gibing gibing gibing

Posted by Tongkarat > 2019-04-02 09:27 | Report Abuse

Kopang gibing kopang gibing kopang gibing

Posted by Tongkarat > 2019-04-02 09:27 | Report Abuse

Gibing gibing gibing gibing gibing gibing

Posted by 8888_ > 2019-04-02 09:27 | Report Abuse

Why so slow? Wait Felda White Paper or Najib court case?

Posted by 8888_ > 2019-04-02 09:29 | Report Abuse

ECRL must go ahead only can move?

Posted by Tongkarat > 2019-04-02 09:35 | Report Abuse

Man man.... slow slow.... pelan pelan

Posted by henry888 > 2019-04-02 09:35 | Report Abuse

If you talk about Mas, 3rd national car, long time already rescued. Felda, Not under his interest of purview. That is why...

Posted by enid888 > 2019-04-02 09:46 | Report Abuse

Other than privatisation, the other possibility is Felda may choose to terminate the LLA. In fact, this had been brought up a few times during the previous administration. I think LLA termination will be bad, but privatisation will be good for the FGV shareholders.

Posted by DickyMe > 2019-04-02 09:47 |

Post removed.Why?

Posted by enid888 > 2019-04-02 09:49 | Report Abuse

Any better views and further information on the effect on FGV financially if LLA termination takes place?

Posted by spectre007 > 2019-04-02 09:51 | Report Abuse

Merging with Felcra is more like it.. Flying soon

Posted by Mabel > 2019-04-02 10:31 | Report Abuse

Foreign net selling accelerated in Mar 2019. Foreign investors net sold MYR1.6b worth of Malaysian equities in Mar 2019. We believe that the foreign net sell was due to a combination of poor 4Q18 results season and a more “dovish” Bank Negara Malaysia implying that Malaysian economic growth will ease this year. Cumulative foreign net buy since early-2010 until end-Mar 2019 hit at a multi-year low of MYR1.4b.

Although local institutions were net buying to the tune of MYR1.4b in Mar 2019, the KLCI depreciated 3.8% MoM while the MidS Cap and Small Cap indices continued to climb by 1.6% MoM and 1.3% MoM respectively. This implies to us that local institutions were more interested in small to midsized market capitalization stocks than large ones

Apr 2019 likely to be light on news flow. Based on 29 Mar 2019’s market close, KLCI valuations are at 16.0x 12M forward PER (mean: 15.8x) and 1.70x trailing P/B (mean: 1.81x). There will be no BNM Monetary Policy Committee meeting and GDP announcement this month. The sole key domestic lookout this month is the 2nd Belt & Road Summit in Beijing, China from 25-27 Apr 2019 where Malaysia and China are expected to conclude on the East Coast Rail Link.

Posted by Mabel > 2019-04-02 10:32 | Report Abuse

@henry888 Thanks. Master Tongkarat. @Solomon 7.totally agreed. I also think of that one of the way to lower cost of ECRL is to use palm oil to pay for ECRL. This is triple win win situation. 1. FGV got sales and reduces high stock piles 2. lower cost of ECRL 3. since lower cost will entail lower borrowing and therefore reduce debts.

Excellent suggestion henry888!

Posted by Tongkarat > 2019-04-02 10:33 | Report Abuse

Kebun sawit nampak steady.... mambang sawit ronda ronda kebun sawit

Posted by henry888 > 2019-04-02 10:36 | Report Abuse

@Mabel.Thank you. Just opinion only without supporting facts.

Posted by Felda_settlers > 2019-04-02 10:43 | Report Abuse

Rantau vote BN?

Posted by Tongkarat > 2019-04-02 10:45 | Report Abuse

Vote mambang sawit laaa... for kebun sawit

Posted by Banditos > 2019-04-02 10:57 | Report Abuse

Vote whoeverla settler. just need to stop feeding freebies n allowance to chit chat forum kaki settlers like u. go pluck some tree already. salute hard working settlers not the duit curi party ppl ones like u. kikiki

Posted by Tongkarat > 2019-04-02 11:14 | Report Abuse

Still steady.....

Posted by Mabel > 2019-04-02 11:17 | Report Abuse

1st quarter of the year is low cropping period thus, lower production, lowering CPO stock. Higher CPO price is expected. It may go on till third quarter. Hopefully it will reach up to RM3000/mt again soon.

Posted by azta12 > 2019-04-02 11:42 | Report Abuse

hantam, kasi picah this 1.20 pagar, hihi

Posted by 8888_ > 2019-04-02 11:43 | Report Abuse

Felda White Paper or ECRL good news?

Posted by azta12 > 2019-04-02 11:43 | Report Abuse

nice, kompang sikit tongkarat , hihi

Posted by azta12 > 2019-04-02 11:46 | Report Abuse

add some more

Posted by 8888_ > 2019-04-02 11:50 | Report Abuse

Privatisation? RM 2-3?