With good management team and support from China's buying, FGV performance prone to be in positive territory and bearing fruits in the succeeding quarters and this will cause the price to inch up gradually. My 6 cents opinions.
Maintain NEUTRAL with a revised TP of RM1.26 Above expectations. FGV Holdings Berhad’s (FGV) 1QFY19 normalised earnings of RM11.0m was above our expectation. This was mainly attributable to operational cost savings and higher contribution from downstream segment. Our core earnings calculation excludes (i) RM86.4m net LLA accounting charge, (ii) Reversal of impairment of financial assets (net) of RM47.5m, and (iii) forex gain of -RM3.4m.
Q2 results should be better.... CEO on board, export duties abolished, palm oil price above RM2k, china agreed to buy 50% more, indon biodiesel , msia biodiesel initiatives, MSM will show better performance, logistics segment will show profit again etc etc
yalah, swastakan fgv sekarang kerana harga masih murah... semasa pru, boleh beritahu peladang2 felda tentang kesalahan rejim umno bn buat ipo untuk fgv ... merugikan mereka dan felda.... boleh pakai isu fgv untuk menghentam geng bosku dengan kuat haha
aku tengok cash and cash equivalents fgv pada 31.3.2019 masih ada RM1bil+.... jual non-core assets another RM1-2bil, jika nak swastakan fgv kini, cash pun boleh dapat balik dengan senang... lagipun fgv dah pasti untung kini.... tiada analysts forecast fgv rugi, bukan ? haha
Privatization is good for current holders bought at low price but not the time yet...opined lack of fund....IPO price 4.50 hold by felda settlers. If they want to privatize price should be in the region acceptable by Felda settlers.
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....
azta12
5,594 posts
Posted by azta12 > 2019-05-30 16:29 | Report Abuse
nice.. add again