Posted by Lee Yong Hour > 2019-05-14 16:25 | Report Abuse

Up up up

Posted by Tongkarat > 2019-05-14 16:30 | Report Abuse

Jiahui Foo..... whenever opportunity comes and knocking on your door then you should not give it a miss.... Mambang Sawit is quietly and happily kutip biji sawit at the support level..... yeahhhhhhhhhhhhhhh

Posted by Jiahui Foo > 2019-05-14 16:33 | Report Abuse

Haha........still around woh! :-)

Posted by Dawneagle > 2019-05-14 16:54 | Report Abuse

Tongkarat, mana ada support level lagi? lol. Sedang menjunam. Hati says making skit sawit

Posted by Tongkarat > 2019-05-14 17:03 | Report Abuse

Very well.... I have mentioned many times earlier that the support level stood at 1.15 - 1.18.....

Posted by KAQ4468 > 2019-05-14 17:05 | Report Abuse

kuattttttt


kerassssss

Posted by amet2017 > 2019-05-14 17:07 | Report Abuse

biasa ja..

Posted by KAQ4468 > 2019-05-14 17:09 | Report Abuse

apa yang biasa Nye amet ??

eiihhhhhh hang ni

Posted by Tongkarat > 2019-05-14 17:11 | Report Abuse

As time goes by.....we are approaching towards the release of QR.....
I believe it is going to be good and the price should move forward.... The only setback now is all due to external factors which undermine the overall market sentiments.....

Posted by Dawneagle > 2019-05-14 17:22 | Report Abuse

Beg saya penuh dengan biji sawit. Sedang menunggu QR. Mengharapkan QRbaja... kalau keluar QRacun, mampus, since market sentiment also not good.

Posted by TuhanSaham > 2019-05-14 22:58 | Report Abuse

Dow rebounded.

Posted by TuhanSaham > 2019-05-14 23:19 | Report Abuse

Palm oil price up, ringgit weakens. Best thing ever to happen.

Posted by Tbt95 > 2019-05-14 23:46 | Report Abuse

Dow kuat rebound
Tomorrow market all green
Go go go

Posted by NESARAJAH1 > 2019-05-15 00:23 | Report Abuse

Guess 2moro spike up. Too much holding

Posted by Jiahui Foo > 2019-05-15 06:29 | Report Abuse

Today put money take money lah.........duit raya! :-)

Posted by TuhanSaham > 2019-05-15 13:18 | Report Abuse

To those who missed the RM1.1x boat, you can still buy now at RM1.2 before it shoots up again.

Catalyst >> https://www.theedgemarkets.com/article/malaysias-may-115-palm-oil-exports-rise-144-%E2%80%94-amspec-malaysia

Posted by Good123 > 2019-05-15 14:35 | Report Abuse

banyak cabaran

Can FGV move beyond its tainted legacy?
Emmanuel Samarathisa | 10 May 2019 00:30

A+ A A- SCANDAL-PLAGUED FGV Holdings Bhd is seeking a fresh start. Group CEO Datuk Haris Fadzilah Hassan, whose tenure began on Jan 23, has three years to turn around the company.

However, this may be an uphill task as FGV is undertaking a transformation plan against the backdrop of a RM1.07 bil loss for the financial year ended Dec 31, 2018, its worst result since going public in 2012.

But looming over FGV’s desire for better fortunes are three legacy issues. Firstly, laying off employees at its headquarters and regional offices with, according to a news report citing sources, the group is expected to cut 30% or 6,000 managerial staff.

Secondly, the controversial land lease agreement (LLA). As part of FGV’s listing exercise, Felda leased some 355,000 ha of its acreage to FGV for 99 years. In return, Felda was to receive payments of RM248 mil a year as well as 15% of the profits every year.

Posted by TuhanSaham > 2019-05-15 14:59 | Report Abuse

Hi Good123,

Let me solve the cabaran for you.

1. RM1.07b loss for FY2018 is due to a huge impairment of their investments which amount up to RM900m++ which affected their PnL. If you disregard the impairment, their loss is just RM70m++ and bear in mind that, these impairments are a one-off thing which will not be brought forward to next financial results.

2. Your next question may be, how are they gonna turn profit from the RM70m losses? FGV has taken several measures which include lowering the CPO production cost to RM1,500++ per tonne as compared to previous year's RM1,700++ per tonne. Laying off employees and selling non-performing subsidiaries/investments is part of their restructuring agenda WHICH will lead to again lower cost to them.

3. Yes, 99 years agreement in which if broken, Felda would need to pay a penalty of RM5b. Felda still got money to pay or not? The outcome of the LLA discussion which I foresee would be, lease payment to Felda will be decreased as it was set based on previous year's higher CPO price. FGV needs to perform and make a profit in order for Felda to benefit from it. I don't see any bad outcome will be coming out from the LLA discussion between them.

Posted by Jiahui Foo > 2019-05-15 15:35 | Report Abuse

@Mambang. Wat is the date of next QR release?

Posted by Tongkarat > 2019-05-15 16:22 | Report Abuse

Bought at support level is bearing fruits.....

Posted by chanph > 2019-05-15 17:08 | Report Abuse

Which ff so kia see, so fast off load dy. Is it because of dj future turning red?

Posted by chanph > 2019-05-16 00:38 | Report Abuse

https://www.nst.com.my/node/488696/amp

Posted by 129055444514385 > 2019-05-16 10:42 | Report Abuse

back to around RM1 soon :)

FGV Holdings Bhd

FGV Holdings Bhd seems to be an unlikely choice for a stock pick, given the bout of bad news surrounding the global agri-business giant last year.

But TA Securities chief investment officer Choo Swee Kee opined that FGV had suffered enough in the past year and is now on the path of redemption.

“It has gone through weak management, poor risk control, declining crude palm oil (CPO) prices, bad acquisition [decisions] and recently a substantial write-off to the tune of almost RM800 million.

“With FGV being government-linked, new management and better policies have been put forward to turn the company around. It is critical the government gets it right this time as this may have implications for thousands of Felda settlers. Investors’ expectations are low and any sign of improvement will be taken as positive,” he told The Edge Financial Daily.

For the nine-month financial period ended Sept 30, 2018 (9MFY18), FGV reported a net loss of RM871.15 million, compared to a net profit of RM80.49 million a year ago, largely due to impairment losses of RM798 million. The bulk of the impairment stemmed from goodwill on the acquisition of Asian Plantations Ltd.

Year-to-date, CPO prices, which play a significant role in FGV’s plantation business, had declined by 21% to RM1,903 per tonne on Dec 26, 2018.

Choo noted a reprieve for FGV’s current depressed share price as the value of its assets and land.

“FGV is trading at a [more than] 30% discount to its net tangible assets. It owns about 350,000 hectares of plantation land,” he said.

Choo views FGV as a recovery play, and has a “buy” call on the stock, with a target price (TP) of RM1 per share.

Posted by tangkapcon > 2019-05-16 10:43 | Report Abuse

Dengan sokongan dari Kerajaan, FGV tak ada problem.

Posted by 129055444514385 > 2019-05-16 10:43 | Report Abuse

52 Weeks Range: 0.63 - 1.90 back to 60sen+ possible? :)

Posted by TuhanSaham > 2019-05-16 11:30 | Report Abuse

@129055444514385 I almost wanted to request for the Chief Investment Officer to resign but the news you mentioned was back in January 2019 when the stock price was trading at RM0.7x and the cost of production was still high.

Posted by Tongkarat > 2019-05-16 11:31 | Report Abuse

Steady.....

Posted by henry888 > 2019-05-16 17:01 | Report Abuse

Overall market will Ding Dong for sometimes due to trade war.

Posted by Tongkarat > 2019-05-16 17:11 | Report Abuse

Another day passed by..... QR getting closer...

Posted by henry888 > 2019-05-16 19:30 | Report Abuse

BNM: Malaysia 1Q19 GDP grows 4.5% on agriculture rebound

Posted by Tongkarat > 2019-05-16 22:21 | Report Abuse

Good.....

Posted by chanph > 2019-05-16 23:16 | Report Abuse

Either tomorrow or tuesday, been in collection mode for awhile now

Posted by henry8888 > 2019-05-17 02:09 | Report Abuse

Palm jumps more than 2% on higher demand, stronger soyoil
https://www.theedgemarkets.com/article/palm-jumps-more-2-higher-demand-stronger-soyoil

Posted by ming > 2019-05-17 03:30 | Report Abuse

Tak takut quarter result?

Posted by Tongkarat > 2019-05-17 08:23 | Report Abuse

Kenapa nak takut?....ada hantu kaa???

Posted by chanph > 2019-05-17 08:52 | Report Abuse

Show time

Posted by Tongkarat > 2019-05-17 09:19 | Report Abuse

Cool.....

Posted by Jiahui Foo > 2019-05-17 10:30 | Report Abuse

Hantu pun jadi tajuk here!?! Alamak.......mengantuk!

Posted by henry888 > 2019-05-17 10:51 | Report Abuse

Belum bulan 7 mana ada hantu ?

Posted by Tongkarat > 2019-05-17 10:54 | Report Abuse

Mengantuk?.... tidor bawah pokok sawit.... sejuk

Posted by henry888 > 2019-05-17 10:59 | Report Abuse

Master Tongkarat, Bagus vacation lagi, nanti balik baru tengok ...

Posted by 8888_ > 2019-05-17 11:19 | Report Abuse

Boring share price so no post here. Take a look at VC and VC-PA more interesting there..

Posted by Jiahui Foo > 2019-05-17 11:22 | Report Abuse

Haha.....COO fgv main VC, ponteng kerja?!?

Posted by Tongkarat > 2019-05-17 15:19 | Report Abuse

Tight range.....

Posted by henry888 > 2019-05-17 15:28 | Report Abuse

Iran vs USA ....tension escalate......

Posted by Tongkarat > 2019-05-17 16:08 | Report Abuse

External factors impacted the movement.....

Posted by Tongkarat > 2019-05-17 17:18 | Report Abuse

Long weekend.....

Posted by 8888_ > 2019-05-21 01:27 | Report Abuse

Pineapple identified as alternative crop for Felda settlements
https://www.themalaysianinsight.com/s/155905

Posted by joan123 > 2019-05-21 09:30 | Report Abuse

Normally when FGV announce QR ?

Posted by 8888_ > 2019-05-21 10:08 | Report Abuse

Before 31st May is a must this or next week.