Haris the plantation sector recorded a profit before zakat and tax (PBZT) of RM40mil, up from RM19mil a year ago. This was achieved on the back of a 6% increase in fresh fruit bunch (FFB) production to 1.05 million MT, from 991,000 MT in 1Q2018.
LOL..If PAS become government all MNCs and foreign factories close shop. Everyone become nelayan or find job in foreign country like Bangla, Myanmar, Indon etc.
The main issue lie with this counter is there is no master goreng involved, but only one Kwap which i see only stabilize the price. There was no goreng even with good information/factors like Felda white paper, win of court case with awards of certain amount of compensation, ECRL, etc...Other master goreng also scare to goreng as Kwap is involved and herself also involved in SRCC case. May be this counter is suitable for mid and long term investors.
Shareholding Changes Date of change Shares Director/ Substantial Shareholder 10 May 2019 Acquired 275,000 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 07 May 2019 Acquired 292,100 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 26 Apr 2019 Acquired 130,000 KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
FGV confirms in talks to sell Indonesian asset worth RM1b Emir Zainul / theedgemarkets.com
May 29, 2019 18:30 pm +08
-A+A KUALA LUMPUR (May 29): FGV Holdings Bhd has confirmed today that it is in negotiations with seven interested buyers to sell its 50:50 joint-venture company with Lembaga Tabung Haji, Trurich Resources Sdn Bhd.
"Yes, Trurich is definitely one of the assets that we are planning to divest and monetise," its chief executive officer Datuk Haris Fadzilah Hassan told reporters today when asked to confirm a news report on the matter that came out last month.
"There are seven interested buyers at the moment and we are in talks with all of them," he added.
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When asked about the reported US$1 billion (RM4.13 billion) valuation for the JV company, Haris said: "I think it is closer to a bit more than RM1 billion."
Without naming any parties, Haris shared that three of the seven interested buyers are planning to buy both estates owned by Trurich while the other four plans to buy only one of them. "Preferably, we would like to sell it as a whole," he said.
According to previous reports, Trurich controls 42,000ha of oil palm estates in Kalimantan, Indonesia.
If all goes well, Haris said today, FGV is targeting for the sale to be completed by September this year.
Besides Trurich, FGV has targeted RM350 million of proceeds from the divestment of non-core and non-performing assets as part of its three-year transformation programme.
Haris said in the first quarter of this year, the group has been finalising divestments of several non-core and non-performing assets amounting to RM150 million.
Most recently, FGV announced earlier this month that it is liquidating two companies by end-2019, namely Felda Engineering Services Sdn Bhd and Felda Properties Sdn Bhd, neither of which are part of its core business.
Despite share price plunge, Najib insists FGV still has ‘prospects’ Published 3 years ago on 12 July 2015
BY KAMLES KUMAR
Prime Minister Datuk Seri Najib Razak distributing dividends to Felda settlers in Pekan, Pahang on July 12, 2015. — Pic by Kamles Kumar/MMO Prime Minister Datuk Seri Najib Razak distributing dividends to Felda settlers in Pekan, Pahang on July 12, 2015. — Pic by Kamles Kumar/MMO PEKAN, July 12 — Prime Minister Datuk Seri Najib Razak told Felda settlers tonight that despite the Felda Global Ventures’ (FGV) dwindling share prices, the public-listed plantations firm still has good “prospects”.
The Pekan MP, in his speech to settlers at his Pahang constituency tonight, said there was only a “slight reduction” in FGV’s share value, although prices fell by 50 per cent since the firm first went public.
“When we publicly listed FGV, people say that we will go bankrupt. But we are still surviving. I understand the share prices have gone down a little, but the prospect is still there,” he said during his speech at a break-of-fast event with Felda settlers here today.
Najib added that despite the plummeting stock prices, Felda settlers have still reaped the gains through annual dividends.
“The dividends are still being given out every year. The latest dividend I announced at RM600 and also other aids like for Raya, you all get another RM300.
“You also have profited from the Felda Cooperation which has been making an income,” he told the Felda settlers.
The Umno president also said after he took charge as Felda minister, he has done a lot for the settlers including providing settlers with interest-free loans of up to RM40,000 for house renovations.
“Since I’ve been Felda minister a lot of initiatives I have done now is just about following through.
“Only thing I cannot do is set the oil palm price. No one can set the oil palm price it depends on the world market price. Any PM cannot set it, if it goes up it goes up. We cannot say is due to the PM. No PM in the word can control fuel prices,” he told the crowd of over 500 today.
"Najib added that despite the plummeting stock prices, Felda settlers have still reaped the gains through annual dividends."
LOL, super former FM. It is like saying while your kampung razes down you are given temporary settlement in dewan orangramai where a few toilets shared by entire kampung.
PRICING DATE SETTLEMENT PRICE (RM) Wed, 29 May 2019 2105 Tue, 28 May 2019 2066 Mon, 27 May 2019 2025 Fri, 24 May 2019 2013 Thu, 23 May 2019 2016 Tue, 21 May 2019 2057 Fri, 17 May 2019 2098 Thu, 16 May 2019 2096 Wed, 15 May 2019 2029 Tue, 14 May 2019 2014
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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....
Jiahui Foo
3,335 posts
Posted by Jiahui Foo > 2019-05-29 16:21 | Report Abuse
Now should be 1.23 oledi, why no celebration rally ah???