Posted by Tongkarat > 2019-04-08 21:30 | Report Abuse

Let us ride on the improved performance....

Posted by Jiahui Foo > 2019-04-08 21:36 | Report Abuse

Q1 earn money? I thought mid of may......

Posted by Tongkarat > 2019-04-08 21:40 | Report Abuse

Yeap.... latest by end of May.... looking forward for that results...

Posted by Tongkarat > 2019-04-08 21:46 | Report Abuse

KWAP sold another 1.532mil shares last Friday....

Posted by kuaTAKtahu > 2019-04-08 21:51 | Report Abuse

https://www.theedgemarkets.com/article/resolving-woes-felda-settlers



Debt -RM14.4 billion by 2017



Felda and the settlers stood at RM5.5 billion to date, while another RM2 billion has yet to be finalised



The Minister has taken note of the issues and given the assurance that solutions would be sought to restore Felda's former glory

Posted by kuaTAKtahu > 2019-04-08 21:52 | Report Abuse

Felda director-general Datuk Dr Othman Omar has previously stated that the amount of debts mutually agreed to between Felda and the settlers stood at RM5.5 billion to date, while another RM2 billion has yet to be finalised. (The debts were incurred as a result of loans taken by settlers from Felda, mostly for replanting, housing and other purposes.)


https://www.theedgemarkets.com/article/resolving-woes-felda-settlers

Posted by kuaTAKtahu > 2019-04-08 22:10 | Report Abuse

"FGV has exceeded internal targets and is on track to achieve its 2019 key performance indicators," FGV’s group chief executive officer Dato’ Haris Fadzilah Hassan said, in a statement today.

https://www.nst.com.my/business/2019/04/477429/fgv-track-achieve-2019-kpis

Posted by Ron90 > 2019-04-08 22:20 | Report Abuse

people chase minyak petroleum, but this minyak sawit will go further..more profits from china buying spree.

Posted by chanph > 2019-04-08 22:21 | Report Abuse

Show time

Posted by spectre007 > 2019-04-08 22:53 | Report Abuse

KUALA LUMPUR: FGV Holdings Bhd has produced a total of 1.06 million tonnes of fresh fruit bunches (FFB) from its 23 regions for the first quarter of this year, 6.6 per cent more than 990,845 tonnes, a year ago.

The Group’s 68 mills processed 3.67 million tonnes of FFB, 8.3 per cent more than 3.39 million tonnes processed in 2018.

Oil extraction rate (OER) for the three months in review improved to 20.76 per cent from 19.75 per cent.

FGV produced a total of 761,832 tonnes of crude palm oil in the first quarter of this year, 13.8 per cent more than 669,534 tonnes, previously.

"FGV has exceeded internal targets and is on track to achieve its 2019 key performance indicators," FGV’s group chief executive officer Dato’ Haris Fadzilah Hassan said, in a statement today.

For the period in review, the group’s key operational performance indicators showed improvement, beating internal targets that were benchmarked against the industry, while taking into account site yield potential and the time required to rehabilitate its estates.

The better operational results can be attributed to several changes that have been made to improve performance, including plantation management and crop evacuation methods.

“As we move into the next phase of our Transformation Plan, we expect FGV’s operational performance to regularise further,” Haris Fadzilah said.

He added that all the Group’s replanting efforts were on track and 17,250ha of old estates would be replanted in this financial year.

Posted by cpo_ > 2019-04-09 02:15 | Report Abuse

Malaysian officials head to Brussels to fight EU palm oil ban
https://www.themalaysianinsight.com/s/146395

Posted by Jiahui Foo > 2019-04-09 05:54 | Report Abuse

@mambang. Call up KWAP, ask them dun ruin the sawit party........

Posted by henry888 > 2019-04-09 07:41 | Report Abuse

"Good morning.
"@Dawneagle. Kwap bought at high price during BN's era now sold at low price, is a loss not pairing down losses. Moreover, Quite substantial share sold, then who bought their shares. I suspect Kwap is capping the price for Government appointed body to collect. If that is the case, privatization should be underway. My 6 cents opinions."

Sudah cakap banyak kali, kwap capped the price. Let other Big shark to goreng since Kwap left only less than 6% of the total shares. view points only.

Posted by henry888 > 2019-04-09 07:48 | Report Abuse

"Tabling of Felda White Paper on Wednesday (April 10) will reveal the truth, says Azmin
Read more at https://www.thestar.com.my/news/nation/2019/04/08/tabling-of-felda-white-paper-on-wednesday-april-10-will-reveal-the-truth-says-azmin/#8kBMFBqoTFCj3dGM.99"

Posted by Ring > 2019-04-09 08:14 | Report Abuse

White paper is to save felda n that is the clear messgae given. Fgv is a listed Co n is not the govt concerned as it is ruled by Bursa rulex.

2 qustions to be answered : for felda to survive must take back their land as fgv do not know what is planting all about, just steal money n that is their profession.

For sure fgv have to be privatised. Fgv have to sell all their assets n felda also have to sell some of their assets to fund money for privatisation

Posted by Tongkarat > 2019-04-09 08:38 | Report Abuse

FGV has shown tremendous improvement as recently reported. Operations wise have been positive and above the KPIs set by the management.

Posted by Tongkarat > 2019-04-09 08:43 | Report Abuse

The KPIs beating the internal targets that were benchmarked against the the industry...

Posted by Tongkarat > 2019-04-09 08:45 | Report Abuse

@rmkfac....it is better for you to go and fly kite with J-Lo....

Posted by kuaTAKtahu > 2019-04-09 08:46 | Report Abuse

SEREMBAN (April 8): The tabling of a White Paper on the Federal Land Development Authority (Felda) in Parliament on Wednesday will, among others, propose a new business model for the management of Felda farms and guaranteed welfare aid for the settlers.

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said a draft of the White Paper had been tabled at the Cabinet meeting last Friday.

“The discussion was not just to review the financial crunch faced by Felda, but also steps to be taken to ensure the future of the settlers,” he told reporters after attending the Pakatan Harapan talks here today in conjunction with the April 13 Rantau State by-election.

Azmin, who is also PKR deputy president, said the White Paper was important to reveal the actual financial situation in Felda, based on forensic audit conducted by an independent professional auditing firm.

He said the settlers needed to know that the previous management of Felda was insincere, irresponsible and veered far away from the original objective of its formation.

Meanwhile, in another development, Azmin questioned the move by Umno Youth in demanding the Government to set up a Royal Commission of Inquiry (RCI) to investigate allegations and wrongdoings in the management of Tabung Haji when the problem actually cropped up during Barisan Nasional’s reign.

“Misappropriation of funds in Tabung Haji was admonished by Bank Negara before this...Why didn’t UMNO Youth make noise and demand the setting up of the RCI then?” he said.

Posted by kuaTAKtahu > 2019-04-09 08:53 | Report Abuse

Govt bail out 3 Bilion on this wed

Bailout 3b for 3,6b unit shares = Free money at 83sen each

Apart from unveiling Felda's financial standing, the much-anticipated White Paper, will, among others, focus on strategic rehabilitation plans with 31 initiatives as part of a transformation scheme, along with a turnaround plan that includes the sale of its properties

Felda chairman Tan Sri Megat Zaharuddin who was appointed in July last year, had earlier revealed severe cashflow problems at the state agency, forcing Felda to

(I) restructure its RM8 billion debt and
(ii) dispose of its non-strategic assets worth RM2.2 billion.

He said the revamp strategy will include the restructuring of bank loans and disposal of some of the agency’s non-strategic assets — namely properties in London, Sabah and Sarawak.

These strategies are said to enable Felda to stabilise its cashflow in the next two years.

FELDA and its 33.67% unit FGV Holdings Bhd (formerly known as Felda Global Ventures Holdings Bhd) that the government had to step in

As at end-September 2018, FGV had deposits, cash and bank balances of RM1.48 billion, and total borrowings of RM4.2 billion.

2017 Auditor-General’s Report said FELDA and the group had institutional borrowings of RM7.8 billion and RM12.14 billion respectively.

A takeover offer is not palatable at current prices given that FGV was listed at RM4.55 a share four years ago. Shareholders and especially Felda’s settlers would expect fair compensation given the underperformance of FGV’s shares since listing,” said an analyst

FGV kena bayar FELDA RM250 juta setiap tahun serta 15% dari keuntungan tahunan FGV untuk menyewa tanah ini. Oleh itu, FELDA bukan diswastakan

Posted by Tongkarat > 2019-04-09 09:01 | Report Abuse

Good....

Posted by azta12 > 2019-04-09 09:06 | Report Abuse

add now

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

Kasik kompang dulu....

Posted by Tongkarat > 2019-04-09 09:10 | Report Abuse

Pang pang pang kopang kopang kopang gibing gibing gibing gibing

Posted by Tongkarat > 2019-04-09 09:10 | Report Abuse

Kopang kopang kopang kopang gibing gibing gibing gibing

Posted by Tongkarat > 2019-04-09 09:11 | Report Abuse

Kopang kopang kopang kopang gibing gibing gibing gibing

Posted by Tongkarat > 2019-04-09 09:11 | Report Abuse

Kopang kopang kopang kopang gibing gibing gibing gibing

Posted by Tongkarat > 2019-04-09 09:11 | Report Abuse

Kopang gibing kopang gibing kopang gibing

Posted by Tongkarat > 2019-04-09 09:11 | Report Abuse

Kopang gibing kopang gibing kopang gibing

Posted by Tongkarat > 2019-04-09 09:12 | Report Abuse

Gibing gibing gibing gibing gibing gibing

Posted by Tongkarat > 2019-04-09 09:12 | Report Abuse

Gibing gibing gibing gibing gibing gibing

Posted by 8888_ > 2019-04-09 09:13 | Report Abuse

Azmin Ali spoke abt Felda White Paper yesterday in Rantau so PH helping Felda settlers is for real?

Posted by kuaTAKtahu > 2019-04-09 09:13 | Report Abuse

3.5 mil volume traded in first 10 min

FGV volume going to be superb today

Posted by kuaTAKtahu > 2019-04-09 09:14 | Report Abuse

Tomorrow is the day .. .

Hidup FGV

Hidup Felda

Hidup PH . .

Posted by Tongkarat > 2019-04-09 09:16 | Report Abuse

Hidup Mambang sawit.....

Posted by kuaTAKtahu > 2019-04-09 09:17 | Report Abuse

KWAP kecoh . . always sell down FGV

Posted by racheal817 > 2019-04-09 09:21 | Report Abuse

good performance of FGV’s shares price --> Felda have money-->settlers happy --> voters to PH.
simple formula.

Posted by Tongkarat > 2019-04-09 09:21 | Report Abuse

Mambang sawit jaga kebun sawit....

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

Kopang gibing kopang gibing kopang gibing

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

Kopang gibing kopang gibing kopang gibing

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

Gibing gibing gibing gibing gibing gibing

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

Sawiiiiiiiiiittttttttttttt..... sawiiiiiiiiiittttttttttttt

Posted by Jiahui Foo > 2019-04-09 09:28 | Report Abuse

Star performer of the quarter.......:-)

Posted by Jiahui Foo > 2019-04-09 09:30 | Report Abuse

Azhar, should be the lifetime chairman for fgv.

Posted by Tongkarat > 2019-04-09 09:34 | Report Abuse

Mambang sawit jaga kebun sawit je....

Posted by Jiahui Foo > 2019-04-09 09:39 | Report Abuse

Mambang, should be lifetime cheer leader for fgv!!!

Posted by FAZI66 > 2019-04-09 09:42 | Report Abuse

Ank Felda mesti support

Posted by Jiahui Foo > 2019-04-09 09:46 | Report Abuse

Must do the real support, like key in the buy order lah....:-)

Posted by FAZI66 > 2019-04-09 09:49 | Report Abuse

Bought already @ 0.75

Posted by Jiahui Foo > 2019-04-09 09:52 | Report Abuse

Everybody keep the buy momentum, until KWAP n tentera jepun also sacre to sell. :-)