Posted by racheal817 > 2019-04-17 15:43 | Report Abuse

start collect

Posted by Sinoboy > 2019-04-17 15:44 | Report Abuse

Looks like the overall market sentiment is bearish. Ecrl can't even help...

Posted by Tongkarat > 2019-04-17 15:47 | Report Abuse

Yeap Sinoboy.... overall market is bearish....

Posted by Tongkarat > 2019-04-17 15:53 | Report Abuse

@racheal817..... good.... collect biji sawit within safety zone....

Posted by Notconfused > 2019-04-17 15:58 | Report Abuse

what's happened to fgv :O

Posted by Tongkarat > 2019-04-17 16:27 | Report Abuse

Sawit is hovering within the safety zone....

Posted by Ring > 2019-04-17 17:06 | Report Abuse

1. Fgv in replanting now n replanting is costly usually they have reserve funds but fgv no money so they go on bank borrowings

2.Fgv say we doing replanting to increase yield bur never comitted on the amount as to stay put in buisness must get at least 23 mt now only 17 mt

3. I have no confidence in the present set up of lazy managers

4.Tun should tell fgv that that all estates must work hard to icrease the yield by 2 mt or get the boot

5.What ever profit they make, I am skeptical and if at all got profit must give to felda based on LLA so nothing for share holders so share price drop to about 50 cts

Posted by chanph > 2019-04-17 17:17 | Report Abuse

Good collecting of share especially today

Posted by Tongkarat > 2019-04-17 17:51 | Report Abuse

Sawit hold steadfastly within the support level....

Posted by Tongkarat > 2019-04-17 17:52 | Report Abuse

Let see how sawit performs tomorrow....

Posted by chanph > 2019-04-17 18:14 | Report Abuse

Kumpulan Persaraan has been disposing and close to left 5 %. Who else is collecting the Sawit?

Posted by Tbt95 > 2019-04-17 18:49 | Report Abuse

Tongkarat ada orang curi sawit ke?
Apa hal sawit semakin kurang

Posted by spectre007 > 2019-04-17 19:00 | Report Abuse

MATERIAL LITIGATION ARBITRATION PROCEEDINGS BY MULTAZAM DEVELOPMENT SDN. BHD. AGAINST FGV PLANTATIONS (MALAYSIA) SDN. BHD. (FORMERLY KNOWN AS FELDA GLOBAL VENTURES PLANTATIONS (MALAYSIA) SDN. BHD.) ARBITRATION NO. AIAC/D/ADM/-662-2019
FGV HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description ARBITRATION PROCEEDINGS BY MULTAZAM DEVELOPMENT SDN. BHD. AGAINST FGV PLANTATIONS (MALAYSIA) SDN. BHD. (FORMERLY KNOWN AS FELDA GLOBAL VENTURES PLANTATIONS (MALAYSIA) SDN. BHD.) ARBITRATION NO. AIAC/D/ADM/-662-2019
Further to our announcement dated 13 November 2018, FGV Holdings Berhad wishes to announce that the solicitors for its subsidiary, FGV Plantations (Malaysia) Sdn. Bhd. (formerly known as Felda Global Ventures Plantations (Malaysia) Sdn Bhd)(974143-H)(“Respondent” or “FGVPM”) has been served with the Statement of Claim by the solicitors for Multazam Development Sdn. Bhd. (“Claimant”) in the matter of an arbitration under the Rules of the Asian International Arbitration Centre, Arbitration No. AIAC/D/ADM/-662-2019 on 16 April 2019. Pursuant to the Procedural Protocol No. 1, the Respondent is directed by the Arbitrator to file its Statement of Defence and Counterclaim by 14 May 2019.

In the Statement of Claim dated 16 April 2019, the Claimant seeks the following reliefs :-

A declaration that the Claimant is entitled to an extension of time for completion of the Works for six (6) months from the date of the last approval by Jabatan Tenaga Kerja;
Alternative to (1) above, a declaration that the Claimant is entitled to an extension of time for completion of the Works for two (2) months and five (5) days from the expected Completion Date;
Alternative to (1) and (2) above a declaration that the Claimant is entitled to an extension of time for completion of the Works for two (2) months from the expected Completion Date;
A declaration that the Respondent is not entitled to impose any amount of Liquidated and Ascertained Damages (“LAD”) against the Claimant;
An award or order that the Respondent pay the Claimant general damages arising from the unlawful termination including loss of profits as may be assessed by the Tribunal pursuant to Section 74 of the Contracts Act 1950;
An award or order that the Respondent pay the Claimant full and actual value of works completed by the Claimant as at the date of the Notice of Termination and as may be assessed by the Tribunal pursuant to Section 74 of the Contracts Act 1950;
Alternatively an award or order that the Respondent pay the Claimant the sum of RM5,648,688.08 pursuant to the unpaid balance of certified value of works completed by the Claimant;
An award or order that the Respondent release the Performance Bond to the Claimant;
Alternatively, an award or order that the Respondent pay the Claimant the sum of RM3,750,000.00 being the sum equivalent to the value of the Performance Bond;
An award or order that the Respondent pay the Claimant interest at rate of 5% per annum from the due dates of respective amounts found payable by the Respondent to the Claimant until full realisation;
Costs of the High Court Suit and/or subsequent appeals;
Cost of this Arbitration; and
Such further or other reliefs as the Tribunal deems fit and appropriate.
Respondent’s Position

Pursuant to the Procedural Protocol No. 1 issued by the Arbitrator, the Respondent is directed to file its Statement of Defence and Counterclaim by 14 May 2019 and the Respondent will do so accordingly.

The Respondent will vigorously defend itself against the claims made by the Claimant, which in the Claimant’s view, are without merits. In addition to defending itself against the claims, the Respondent will be raising counterclaims against the Claimant, which the Respondent is in the process of finalising. The Respondent will provide further update on the matter when the Respondent files its Statement of Defence and Counterclaim.

Financial and Operational Impact

The operational and financial implications to the Respondent if the reliefs are granted, is still too early to ascertain at this juncture.

This announcement is dated 17 April 2019.

Posted by nottycat > 2019-04-17 19:02 | Report Abuse

Hope 2moro dont fly yet...my personal loan not yet approve...kikiki

Posted by chanph > 2019-04-17 20:46 | Report Abuse

https://www.theedgemarkets.com/article/malaysia-keeps-may-crude-palm-oil-export-duty-0?type=malaysia

Posted by chanph > 2019-04-17 21:14 | Report Abuse

Cpo price 2216 up 1.6%

Posted by Sinoboy > 2019-04-18 00:32 | Report Abuse

I love sharks and IBs. They know know how to con and trap retail investors :))

Posted by Destiny88 > 2019-04-18 07:03 | Report Abuse

https://klse.i3investor.com/m/blog/www.eaglevisioninvest.com/202714.js...

Skip FGV palam oil no hope

Buy Olympia better choice

Now positive news will be
1) 1400 acre land at Jelebu which ECRL reroute

2) NTA 39c which is also net cash company , healthy balance sheet.

3) Dutaland owe Olympia 47m which is 5c EPS

4) Tan Sri Lim Kok Thay is top 7 shareholder and lim pei tiam top 12 shareholder which they acquired around 2013-2014 with avg price of above 20c


TOP THIRTY SHAREHOLDERS 
No. Name of Shareholders No. of Shares % 

1. Kenny Height Developments Sdn Bhd 180,000,000 17.59 
2. RHB Nominees (Tempatan) Sdn Bhd 
OSK Capital Sdn Bhd for Seni Kasuari Sdn Bhd 127,841,395 12.49 
3. Duta Equities Sdn Bhd 125,122,083 12.23 
4. MP Factors Sdn Bhd 34,603,560 3.38 
5. CIMSEC Nominees (Tempatan) Sdn Bhd 
CIMB Bank for Azizan bin Abd Rahman (MY0531) 29,395,270 2.87 
6. RHB Nominees (Tempatan) Sdn Bhd 
OSK Capital Sdn Bhd for Duta Equities Sdn Bhd 27,550,000 2.69 
7. Lim Kok Thay 14,513,765 1.42 
8. Ng Eng Siong 8,970,000 0.88 
9. Lim Chau Liang 6,000,000 0.59 
10. HLIB Nominees (Tempatan) Sdn Bhd 
Pledged Securities Account for Teng Siew Kean (MG0090-199) 5,470,900 0.53 
11. Lim Pay Kaon 4,000,000 0.39 
12. Lim Pei Tiam @ Liam Ahat Kiat 3,900,000 0.38 
13. Vun Shui Moi @ Vun Siew Moi 3,553,300 0.35 
14. Ng Soo Yong 3,400,000 0.33 
15. Wong Hon Yee 3,196,821 0.31

Posted by Tongkarat > 2019-04-18 07:45 | Report Abuse

Good morning sawit members.....

Posted by Tongkarat > 2019-04-18 07:47 | Report Abuse

Ini mana punya hantu....awal pagi sudah masuk kebun sawit kasik gantung panjang panjang punya banner atas pokok sawit???....

Posted by Tongkarat > 2019-04-18 07:49 | Report Abuse

Manyak action punya banner... cakap FGV palm oil no hope....kiasu niiiiiii....

Posted by Tongkarat > 2019-04-18 07:51 | Report Abuse

Mambang Sawit got ronda ronda kebun sawit one....

Posted by Jiahui Foo > 2019-04-18 09:06 | Report Abuse

Panggil tentera jepun serang markas hantu2...........

Posted by mywan10 > 2019-04-18 09:15 | Report Abuse

kahkahkah...


Manyak action punya banner... cakap FGV palm oil no hope....kiasu niiiiiii....

Posted by DickyMe > 2019-04-18 09:42 |

Post removed.Why?

Posted by Squirtle > 2019-04-18 09:49 | Report Abuse

Gomen wan help Felda
New Felda not like old Felda
Meaning is good stocks
Muahahahaha

Posted by Tongkarat > 2019-04-18 09:52 | Report Abuse

Mambang Sawit setia menjaga kebun sawit....

Posted by Tongkarat > 2019-04-18 09:57 | Report Abuse

Mambang Sawit senyum tengok pokok sawit....

Posted by RVI123 > 2019-04-18 10:00 | Report Abuse

China will buy more palm oil from Malaysia when Mahathir visits China next week.

Posted by Tongkarat > 2019-04-18 10:00 | Report Abuse

Whoever followed Mambang Sawit kutip biji sawit yesterday sure smile smile big big.....

Posted by Tongkarat > 2019-04-18 10:03 | Report Abuse

Mambang Sawit shouted few times throughout yesterday kutip kutip biji sawit.....

Posted by nottycat > 2019-04-18 10:19 | Report Abuse

Alamak...personal loan cipat cipat approve....

Posted by mywan10 > 2019-04-18 10:26 | Report Abuse

ohhyeahh tips mambang no 2.


Whoever followed Mambang Sawit kutip biji sawit yesterday sure smile smile big big.....

Posted by Tongkarat > 2019-04-18 10:32 | Report Abuse

Aiyoooo.... mywan10 keep track meh....

Posted by kuaTAKtahu > 2019-04-18 10:37 | Report Abuse

.


Share price naik, despite kena sued by MULTAZAM DEVELOPMENT SDN. BHD .



.

Posted by Tongkarat > 2019-04-18 10:49 | Report Abuse

@kuaTAKtahu....no worries.... that legal action was a lousy one....

Posted by Tongkarat > 2019-04-18 10:52 | Report Abuse

Mambang Sawit ronda ronda kebun sawit.....

Posted by mywan10 > 2019-04-18 11:08 | Report Abuse

mestilahhh..


Aiyoooo.... mywan10 keep track meh....

Posted by Tongkarat > 2019-04-18 11:13 | Report Abuse

Ya ya ya.... The steps you take does not need to be big.... It just need to take you into the right direction....

Posted by mywan10 > 2019-04-18 11:17 | Report Abuse

Tips no 1...

Ya ya ya.... The steps you take does not need to be big.... It just need to take you into the right direction....

Posted by joan123 > 2019-04-18 12:31 | Report Abuse

@rmkfac100812, take giant steps to buy lottery ka

Posted by signalmw > 2019-04-18 13:08 | Report Abuse

（吉隆坡17日訊）摩根史丹利預計，隨著大馬債券被踢出富時全球政府債券指數（WGBI），可能將導致80億美元（約330億令吉）的資金從大馬債市流出。

Posted by Tongkarat > 2019-04-18 13:55 | Report Abuse

Aiyoooo signalmw....apa banner lu kasik gantung?....

Posted by kelvin > 2019-04-18 14:30 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/04/18/moodys-views-govt-rm6pt2b-aid-to-felda-as-credit-negative/

Posted by Tongkarat > 2019-04-18 14:55 | Report Abuse

Mambang Sawit relax relax dalam kebun sawit....

Posted by Jiahui Foo > 2019-04-18 15:10 | Report Abuse

Mambang should consider attend chinese n indian languages classes so can communicate better with sawit fans!

Posted by DickyMe > 2019-04-18 16:01 |

Post removed.Why?

Posted by racheal817 > 2019-04-18 16:05 | Report Abuse

China is keen to buy more Malaysian palm oil and the purchase this year will increase, according to Chinese Ambassador

https://www.thestar.com.my/business/business-news/2019/04/18/china-keen-to-buy-more-malaysian-palm-oil/

Posted by racheal817 > 2019-04-18 16:06 | Report Abuse

Malaysia to ‘take advantage’ of ECRL deal to sell China more palm oil: PM Mahathir Mohamad.

https://www.scmp.com/week-asia/geopolitics/article/3006171/malaysia-take-advantage-ecrl-deal-sell-china-more-palm-oil

Posted by birdparadise > 2019-04-18 16:21 |

Post removed.Why?