@123. Some peneroka thought the share is like amanah saham, each yr 6 to 8% returns. So they get loan from the bank to buy just like amanah saham. Now left 110+, if not sold, they suffer huge loss n still paying interests..... Then wat will happen to these group of peneroka if fgv is privatized at 1.50 to 2, they might be sued or bankruptcy coz of this. MAS is different, peneroka won't involved directly.......
fgv can start paying after q2 sebenarnya. sekarang , contra retained earnings negative dengan capital yang dipanggil capital reduction je. sebab Q2 onwards pasti untung
i think so too... if they are very certain want to pay dividend, just pass a journal entry debit capital credit reserves... Q2 has profit, can start paying dividend already :)
Nevertheless after almost a 100 days on the job, Haris seems to have made some headway, making inroads into charting the way forward for FGV. He does not hide the difficulty in the task at hand, having had 13 town hall meetings with cynical members of the FGV staff.
In a nutshell his plans involve FGV moving into downstream areas which were previously untapped, tightening procedures which will save it millions of ringgit a year, and most importantly re-invigorating its work force which is in dire need of motivation.
While he seems to be able to spell out what needs to be done, the question remains can he do it.
Read the rest of the story and interview in the latest issue of The Edge.
aku percaya kau boleh ... his golden age to prove himself before retiring... go go go haris
FGV CEO Haris is facing huge challenges. This is his plan to tackle them. theedgemarkets.com / theedgemarkets.com
April 20, 2019 02:36 am +08
KUALA LUMPUR (April 20): Ever since Datuk Haris Fadzilah Hassan was appointed CEO of FGV Holdings Bhd in late January this year, there have been questions as to how he would fare. Would he take the bull by the horns and turn the ailing FGV’s fortunes around, or would he, like the couple of CEOs before him, leave in a huff, without achieving what he set out to do?
Perhaps the writing was on the wall that he wouldn’t have an easy time. In mid-December last year about a month or so before he joined the plantation giant, FGV’s stock hit a record low of 63.5 sen apiece.
Then a month after he took over the helm of the company FGV announced a massive loss of more than RM1 billion (largely as a result of impairments) for its financial year ended Dec 31, 2018.
Then earlier this month, the Federal Land Development Authority or FELDA released a White Paper, which in not so many words said its troubles were mainly a result of FGV not faring well and paying it amounts that were less than expected under a Land Lease Agreement signed when the company’s shares were first floated.
Nevertheless after almost a 100 days on the job, Haris seems to have made some headway, making inroads into charting the way forward for FGV. He does not hide the difficulty in the task at hand, having had 13 town hall meetings with cynical members of the FGV staff.
In a nutshell his plans involve FGV moving into downstream areas which were previously untapped, tightening procedures which will save it millions of ringgit a year, and most importantly re-invigorating its work force which is in dire need of motivation.
While he seems to be able to spell out what needs to be done, the question remains can he do it.
Read the rest of the story and interview in the latest issue of The Edge.
Save up to 60% by subscribing to us for your print and/or digital copy. Check out our exclusive The Edge-Borneo Post Collection Package as well.
Seasonal or Cyclical Factors Global sales of oils and fats products follow a similar pattern where sales increases ahead of festivities due to increased consumer demand. In addition, the harvest of fresh fruit bunches (“FFB”) at palm oil plantations tends to increase in the second half of the financial year as a result of the rainfall pattern in Malaysia, which leads to a greater supply of CPO and PK during the second half of the financial year as FFB is immediately processed following its harvest. Sales of refined oils and sugar products in Malaysia typically increase slightly during the months leading up to major holidays and festivals in Malaysia, especially Hari Raya and Chinese New Year, due to increased consumer demand for cooking oil and refined sugar.
CEO & CFO still new... Q2 should be enough warm up :)
On 2 January 2019, Dato’ Mohd Hairul Abdul Hamid has been appointed as Chief Financial Officer of FGV.
On 23 January 2019, Dato’ Haris Fadzilah Hassan has been appointed as a new Chief Executive Officer and his appointment has been concurred by the Minister of Finance (Incorporated). With the appointment of Dato’ Haris Fadzilah Hassan as Chief Executive Officer, Datuk Wira Azhar Abdul Hamid has resigned as the Interim Chief Executive Officer.
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....
Good123
27,725 posts
Posted by Good123 > 2019-05-31 15:54 | Report Abuse
no need to privatize at IPO like mas .... IPO price for mas 2.25 if not mistaken... but privatized at 27sen correct?