With all good news poured in disappointed with no huge increase in price and privatization option was not selected for transformation plan . If privatization has taken place LLA would not be an issue/problem. Opined no master Goreng in this stock. Only one is Kwap keep on selling obstructed price to go up. After match opinions only.
JAKARTA (April 16): Indonesia's Rajawali Group on Tuesday denied that its PT Eagle High Plantation Tbk unit was pursuing legal action over Malaysian palm oil plantation agency Felda's plan to walk back on a US$500-million purchase of a stake in the unit.
"Felda and Rajawali, or any subsidiary of Felda or Rajawali, are not or have never been engaged in any court proceeding," Rajawali said in the statement.
A Malaysian official last week said that Eagle High had decided to contest Felda's decision to walk back from its purchase of the stake in arbitration.
The stock trades at 0.9 times book [value] or -1 standard deviation since 2015, and is the lowest in our Malaysian plantation universe. FGV is our top pick for the sector
JAKARTA: Indonesia's Rajawali Group on Tuesday denied that its PT Eagle High Plantation Tbk BWPT.JK unit was pursuing legal action over Malaysian palm oil plantation agency Felda's plan to walk back on a US$500mil purchase of a stake in the unit.
"Felda and Rajawali, or any subsidiary of Felda or Rajawali, are not or have never been engaged in any court proceeding," Rajawali said in the statement.
the LLA, FGV is required to pay a fixed lease payment of about RM250 million per year for 99 years, commencing from 2012. The RM250 million is paid irrespective of prevailing crude palm oil prices. In 2012 when the LLA was negotiated, average CPO price was RM2,843 per MT. CPO price on 10 April 2019 was RM2,047 per MT.
Additionally, FGV has committed to pay FELDA a 15% share of estate operating profits. For the total sum FGV has paid FELDA after its listing, see table below.
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....
chanph
727 posts
Posted by chanph > 2019-04-16 00:35 | Report Abuse
https://www.theedgemarkets.com/article/fgvs-rebound-hit-uncertainties-over-land-lease-review