Posted by Good123 > 2019-06-03 10:03 | Report Abuse

Q1 results just the start... Jan to mar 2019... CEO n CFO only joined in January 2019. Q1 not much they can do

Posted by Good123 > 2019-06-03 10:05 | Report Abuse

just contra negative reserves with capital first, ada profit in Q2, boleh bagi dividend dah

Posted by Good123 > 2019-06-03 10:06 | Report Abuse

start anew as a plantation group with rm4bil shareholders' funds

Posted by Good123 > 2019-06-03 10:07 | Report Abuse

great potential, net per share rm1.21.. all analysts forecast a profitable 2019

Posted by Good123 > 2019-06-03 10:08 | Report Abuse

a big surprise eg privatization is also a possibility

Posted by 129055444514385 > 2019-06-03 10:13 | Report Abuse

Friday, 31 May, 2019



Poland against EU plan to ban use of palm oil for biofuels: Envoy



KUALA LUMPUR: Poland is against the European Union’s (EU) proposed plan to ban the use of palm oil as a component of biofuels, and stressed that the republic does not intend to reduce the demand for Malaysian palm oil.

Polish Ambassador to Malaysia Professor Krzysztof Debnicki said that Poland – one of the major food producing countries in the EU – is one of the key recipients of palm oil, and the commodity is widely used in its food industry as well as chemical and cosmetics industries, and to a lesser extent as a component for biofuels.

“Poland does not intend to reduce the demand for palm oil despite being one of the largest producers of rapeseed oil in Europe. There is also no need for any embargoes related to Malaysian palm oil.

“Our food companies buy Malaysian palm oil through specialised Dutch and German companies. Some of the Polish products where palm oil is being used as a component are returned to the Asian markets, including Malaysia,“ he said in an interview with Bernama International News Service, here.

The Ambassador said he has also presented Poland’s position on the EU ban.

“Poland’s position regarding the amendment of the EU REDII directive banning the use of palm oil as a component of biofuels was clear from the start.

“We oppose the amendments because we believe they are non-systematic, selective, and do not solve issues relevant from Poland’s point of view,“ he said.

He added that there was also no certainty that the EU’s resignation of palm oil in biofuels will make the use of other plants and their production more sustainable.

“Poland, as the host of the COP24 climate conference in Katowice, supports the EU policy in the field of environmental and climate protection, but advocates a balanced approach to this issue and non-discrimination of producers of a specific type of raw material, “ he added.

Debnicki pointed out that legal regulations imposing restrictions on the export of palm oil from countries such as Malaysia may have negative consequences for small and medium producers of this raw material.

“We understand the various and often painful aspects of political and economic transition because in Poland we went through such a process ourselves after the fall of communism in 1989. Monoculture is too dependent on the needs and often the whims of external markets.

“But Malaysia’s palm oil producers should be given time to diversify other products rather than be forced into bankruptcy,“ he said, and commended Malaysia’s move to achieve the Malaysian Sustainable Palm Oil (MSPO) certification for its palm oil industry.

Debnicki also remarked that he would not like the issue of palm oil to be the most important element shaping the relations between Malaysia and the EU.

“The solution is in the interest of both Malaysia and the EU as well as the individual Member States. Poland will strive and support all activities that can alleviate the current situation,“ Debnicki added.

Malaysia and the EU had been at loggerheads over the latter’s proposed plan to restrict palm oil in biofuel starting 2021 and to completely phase it out by 2031.

The 28-member bloc said that cultivation of the crop had led to deforestation and climate change. Malaysia refuted the claims, calling it misleading and economically detrimental to the industry especially to some 650,000 oil palm smallholders in the country.

Malaysia is the world’s second largest palm oil producer after Indonesia.

Data from the Malaysian Palm Oil Board showed that Malaysia exported a total of 1.91 million tonnes of palm oil to the EU in 2018, down by 4% from 1.99 million tonnes recorded in 2017.

The EU is the second largest importer of Malaysian palm oil after India, buying 12% of the total palm oil produced in 2018. — Bernama

Source : TheSundaily

Posted by 129055444514385 > 2019-06-03 10:14 | Report Abuse

Monday, 03 Jun, 2019



M’sia strikes palm oil barter trade deal with China


BEIJING: Malaysia has struck another palm oil deal with China, says Primary Industries Minister Teresa Kok.

An additional one billion yuan (RM611mil) worth of palm oil, approximately 200,000 tonnes, will be exported to China in a barter trade, she said.

In return, Malaysia would be receiving construction services, natural resources products, along with civilian and defence equipment.

“I hope this cooperation will further promote palm oil trade between Malaysia and China,” said Kok after witnessing the signing of a Framework Cooperation Agreement between Persada Syabas and China’s Poly Technologies.

Poly Technologies is a subsidiary of China Poky Group Corporation –the largest Chinese state-owned company manufacturing military defence equipment. It also specialises in building construction.

Kok is currently on a palm oil promotion tour in three Chinese cities – Beijing, Hangzhou and Guangzhou.

“With 100 years of experience in developing the palm oil industry, Malaysia has made efforts to ensure that our palm oil is the best in the world, be it in quality, productivity and innovation,” she told the Chinese media here.

China is among major importers of Malaysian palm oil.

Kok also met Chinese Agriculture and Rural Affairs vice-minister Yu Kangzhen on the recognition of the Malaysian Sustainable Palm Oil (MSPO) certificate.

A memorandum of understanding was signed between Malaysian Palm Oil Certification Council and China Green Food Development Centre (CGFDC) to embark on mutual cooperation to certify palm oil, palm kernel oil and their related products exported to China as “green food”.

CGFDC is an agency of the Chinese government overseeing food quality.Consumer products that carry the Green Food label are recognised as safe, hygienic and environmentally friendly. They also enjoy premium retail prices nationwide.

“Once approved CGFDC will award Green Food certificates to Malaysian palm oil industry players, who are MSPO certified,” Kok said.

She said this was important to instil consumers’ confidence.

Source : The Star

Posted by 129055444514385 > 2019-06-03 10:18 | Report Abuse

30-May-2019 Price Target FGV Holdings - 1Q19: Affected by Weak CPO and Sugar Prices
Source : AffinHwang, Price Call : HOLD, Price Target : 1.27
Last Price : 1.13, Upside/Downside : +0.14(12.39%)


30-May-2019 Price Target FGV Holdings Berhad - Operational Improvement Plan on Track
Source : MIDF, Price Call : HOLD, Price Target : 1.26
Last Price : 1.13, Upside/Downside : +0.13(11.50%)

Posted by 129055444514385 > 2019-06-03 10:21 | Report Abuse

overall export volume Q1, 2019. :)

http://www.mpoc.org.my/Americas_(Jan_-_Mar)_2019.aspx

Posted by 129055444514385 > 2019-06-03 10:24 | Report Abuse

KWAP also started buying back more and more even above RM1.20 recently

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 10-May-2019 Acquired 275,000 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 07-May-2019 Acquired 292,100 0.000 View Detail
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 26-Apr-2019 Acquired 130,000 0.000 View Detail

Posted by 129055444514385 > 2019-06-03 10:26 | Report Abuse

no local institutional funds like kwap, etc sold any fgv share in may 2019... only purchase of shares in may 2019... what a change in fgv prospect!

Posted by 129055444514385 > 2019-06-03 10:30 | Report Abuse

if EPF starts to buy fgv share again, there will be another big boost

Posted by Good123 > 2019-06-03 10:39 | Report Abuse

https://www.bharian.com.my/berita/nasional/2019/05/570273/beri-peluang-pengurusan-baharu-felda-perbetulkan-masalah-agong

Posted by Good123 > 2019-06-03 10:40 | Report Abuse

“Sebenarnya harga kelapa sawit ini sama sahaja dengan harga getah atau komoditi lain yang bergantung sepenuhnya kepada ‘cycle’ atau kitaran (harga) pasaran dunia, jadi kita berilah mereka (peluang),” titah baginda selepas selesai menunaikan solat Maghrib pada Majlis Berbuka Puasa Bersama Masyarakat Daerah Maran di Masjid FELDA Jengka 5, dekat sini, hari ini.

Posted by Good123 > 2019-06-03 10:50 | Report Abuse

31.12.2018
RM’000
31.12.2017
RM’000
1.1.2017
RM’000
EQUITY AND LIABILITIES
Capital and reserves
Share capital 39 7,029,889 7,029,889 3,648,152
Share premium 40 - - 3,371,685
Treasury shares 41 (705) (1,484) (1,488)
Foreign exchange reserve 42 103,551 119,077 215,241
Reorganisation reserve 43 (3,089,497) (3,089,497) (3,089,497)
Other reserves 44 (31,003) (5,453) 14,748
Retained earnings 462,422 1,564,562 1,658,382

Posted by Good123 > 2019-06-03 10:52 | Report Abuse

as at 31.12.2018 retained earnings was positive 462mil , means can pay dividends anytime ... total reserves showed negative was due to reorganization reserves .... wont affect dividend payouts

Posted by Good123 > 2019-06-03 10:53 | Report Abuse

so, no need to contra capital with total negative reserves to pay dividends

Posted by 129055444514385 > 2019-06-03 11:38 | Report Abuse

dividend is very likely soon


FGV to sell Indonesian asset worth RM1bil

Published on 29 May 2019 9:55:41 PM


FGV Holdings Bhd CEO Datuk Haris Fadzilah Hassan says the group is in talks with seven interested buyers to sell its plantation assets worth RM1bil in its joint venture company with Lembaga Tabung Haji, Trurich Resources Sdn Bhd by end- September 2019.


Read more at https://www.thestartv.com/v/fgv-to-sell-indonesian-asset-worth-rm-1-bil#XYvcsCW735119Rqc.99

Posted by 129055444514385 > 2019-06-03 11:40 | Report Abuse

Q2 surely much better than Q1, 2019

CPO price to trade between RM1900-RM2200 in Q2

Published on 29 May 2019 9:49:15 PM


FGV Holdings Bhd CEO Datuk Haris Fadzilah Hassan forecasts crude palm oil (CPO) prices to trade between RM1900 to RM2,200 per metric tonne in the second quarter ending June 30, 2019 due to US-China trade war, subdued demand in China and competitiveness of Indonesia.



Read more at https://www.thestartv.com/v/cpo-price-to-trade-between-rm-1900-rm-2200-in-q-2#4qPc5BegSQHfGpZS.99

Posted by 129055444514385 > 2019-06-03 14:50 | Report Abuse

Chinese companies to venture into durian plantations
Wong Ee Lin
/
theedgemarkets.com

April 27, 2019 20:56 pm +08


-A+A
BEIJING (April 27): FGV Holdings Bhd is collaborating with PLS Plantation Bhd and three Chinese companies, to venture into durian planting.

PLS Plantation, which has recently acquired durian plantations from its controling shareholder Tan Sri Lim Kang Ho, today signed a heads of agreement (HoA) with FGV and three China-based companies -- namely Shanghai Greenland Group, ZTE Corp, and Shanghai PTSKY. The HoA will enable the four to work with PLS to venture into durian plantations and to export the fruits to China.

Through this collaboration, PLS believes that agricultural development in Malaysia will advance to another level and contribute to Malaysia's economy.

Advertisement

The signing of the HoA was witnessed by Prime Minister Tun Dr Mahathir Mohamad, as well as Agriculture and Agro-Based Industry Minister Datuk Salahuddin Ayub.

Last month, PLS Plantation signed a strategic partnership agreement with Greenland to form the Greenland-PLS Joint Venture to import, sell and market durian products in China.

“Since then, Greenland-PLS Joint Venture has successfully imported products made from the fruits of many popular durian species from Malaysia, including the D197 Musang King and D24 Sultan King, consisting mainly of frozen products,” said PLS Plantation.

PLS Plantation is confident that durians from Malaysia will be in demand. It wants to distribute to various cities in China, and expects this to contribute revenue to its durian business division.

According to trade data compiled by the United Nations, durian exports to China have been increasing by an average of 35% annually, and was estimated to be worth US$1.1 billion in 2017, versus US$243 million a decade ago.

Posted by 129055444514385 > 2019-06-03 14:51 | Report Abuse

Malaysian durian sales may spike on China's nod to thorny fruit
BUSINESS NEWS
Monday, 3 Jun 2019

1:43 PM MYT
image: https://www.thestar.com.my/~/media/online/2018/08/10/11/29/durian.ashx/?w=620&h=413&crop=1&hash=016D4183C2FBCFF2DA597EC69AFB21A5640D3EED


KUALA LUMPUR: Malaysia is all geared to satisfy China’s craving for a pungent, football-sized thorny fruit.

That’s because China’s General Administration of Customs has approved imports of frozen whole durian fruit starting May 30 following an agreement signed in August, according to Sim Tze Tzin, Malaysia’s deputy minister for agriculture and agro-based industry.

"The durian market in China is so big but we’ve only managed to export a little durian pulp and frozen paste to China,” Sim said in a Facebook post on Friday. "The export of whole frozen durians will open the market to durian farmers and increase their income.”

China currently imports around 300,000 metric tons of durian each year, mainly from Thailand, he said. Malaysia ships only 17,000 tons, or 5.8% of its annual production, mainly to Singapore, Thailand, Hong Kong, Australia, the U.S. and China.


Durian often invokes a love or hate relationship: aficionados describe the internal yellow carpels as a rich, butter-like custard, with hints of chives and caramel in whipped cream. Others are repulsed by its polarizing smell, which has been likened to rotting garbage and dirty gym socks.

Durian devotees in China are embracing different foods incorporating the fruit such as yogurt, cookies, coffee and pizza.

However, getting the whole fruit is a rare treat: a Malaysian durian festival in southern China late 2017 attracted about 165,000 people lining up to taste the thawed, whole-fruit samples of the country’s premium Musang King variety.

China’s skyrocketing demand won’t drive up prices as many farmers have started planting durians and production may increase, Sim said. Malaysia is also looking to boost production of durian products like ice cream and biscuits, and attract tourists to durian farms as part of what it calls "DurioTourism." - Bloomberg


Read more at https://www.thestar.com.my/business/business-news/2019/06/03/malaysian-durian-sales-may-spike-on-chinas-nod-to-thorny-fruit/#1zXd6MYG5SZ9yt4g.99

Posted by Tongkarat > 2019-06-03 14:53 | Report Abuse

Relax and enjoy kat kampong.... nyaman indah permai

Posted by Good123 > 2019-06-03 15:10 | Report Abuse

holiday mood... slow :)

Posted by Good123 > 2019-06-03 15:12 | Report Abuse

KUALA LUMPUR (June 3): Malaysian government body the Malaysian Palm Oil Board (MPOB) will publish palm oil data for May on June 12 after 0430 GMT, instead of June 10 as previously scheduled, the MPOB said on Monday.
The MPOB did not give a reason for the delay.

Posted by Ubah_ > 2019-06-03 16:11 | Report Abuse

GE15 govn lagi kena ubah? Pas or BN back?

Posted by songaikoon > 2019-06-03 18:34 | Report Abuse

Mr Tongkarat I believe you are a Malay Muslim.
I wish you and your family Selamat Hari Raya.
And also wish all who celebrate Selamat Hari
Raya.

Posted by Undi_PAS > 2019-06-03 21:10 | Report Abuse

Test run of iconic new bridge proves a big ‘draw’ for visitors

Read more at https://www.thestar.com.my/news/nation/2019/06/03/test-run-of-iconic-new-bridge-proves-a-big-draw-for-visitors/#QU4QfuGXlgtQ8fqU.99

Posted by DickyMe2 > 2019-06-03 21:44 | Report Abuse

Kelantan is PAS's track record. they ruled and still ruling that state for more than 25 years. I am sure Kelantan is first world material attracting global FDI and companies. There are so many global investments in Kelantan but Kelantanese choose to work elsewhere and still seeking. Such is the track record of PAS.

Schoolboy attraction will not bring in the money. Economy is not that simple.

Posted by Tongkarat > 2019-06-03 23:12 | Report Abuse

Thank you songaikoon... enjoy your holidays ya...

Posted by henry888 > 2019-06-04 08:16 | Report Abuse

Master Tongkarat..Selamat Hari Raya...Heng ah Huat ah On ah semua ada ..happy and prosperous.

Posted by Good123 > 2019-06-04 09:00 | Report Abuse

(June 4): Palm oil inventories in Malaysia, the world’s second-biggest grower, likely shrank to the smallest in 10 months in May as overseas shipments rose on festive demand.
Stockpiles fell about 10% from April to 2.46 million metric tons, which would be the steepest monthly decline since August 2016, according to the median of eight estimates in a Bloomberg survey of analysts, traders and plantation executives. That would bring stockpiles to the lowest level since July.
Crude palm oil production eased 1.8% to 1.62 million tons, the lowest since February, while exports rose 3.6% to 1.71 million tons, the highest monthly level since August 2016, according to the survey. The Malaysian Palm Oil Board will release official data on June 12, it said.
“Even as inventories ease, we are now entering the yearly main harvesting period and Indonesia has been in a high production cycle since April,” according to Marcello Cultrera, institutional sales manager at Phillip Futures Sdn in Kuala Lumpur. It’s also worth watching Malaysia’s import levels in May, he says. Malaysian palm prices have recently been about $30 a ton more expensive that those in nearby Indonesia and that may encourage imports. Crude palm oil prices are expected to face a sharp downtrend in the near term in-line with the bearish momentum in crude oil as well as palm traded in Dalian and Singapore markets. Benchmark futures will likely trade between 2,000 and 2,250 ringgit a ton in the second half of the year as demand improves, especially from India, according to the world’s biggest palm planter Sime Darby Plantation Bhd. Estimates in the survey for palm stockpiles ranged between 2.31 million tons to 2.50 million tons.Output estimates varied from 1.60 million tons to 1.68 million tons, and for exports 1.65 million to 1.77 million tons. Malaysian palm oil imports are forecast to climb to 70,000 tons in May from 62,112 tons the previous month. Estimates for domestic consumption ranged from 220,000 tons to 330,000 tons. May 2019 (Survey) April 2019 (MPOB) May 2018 (MPOB) Production 1.62 1.65 1.53 Stockpiles 2.46 2.73 2.19 Exports 1.71 1.65 1.29 Imports 0.07 0.06 0.03
NOTE: May figures, in million metric tons, are based on the median of eight estimates. - Bloomberg

Posted by Good123 > 2019-06-04 09:06 | Report Abuse

maybe, rebound strongly before closing today in order to make the felda settlers happy. :)

Posted by Good123 > 2019-06-04 09:07 | Report Abuse

maybe, we declare dividend after raya too to ease the settlers financially after spending during raya. Haha

Posted by henry888 > 2019-06-04 09:25 | Report Abuse

should be up

Posted by Good123 > 2019-06-04 09:45 | Report Abuse

Baru mau buat macam ioi :)

Sime Darby had in July 2001 made an unexpected conditional voluntary offer for all the shares — at RM4.35 apiece — in Palmco. But a few hours later, IOI Corp, which held a 32.1% stake in Palmco then, said it did not intend to accept Sime Darby’s offer.

Within days, IOI Corp launched a takeover on Palmco by matching Sime Darby’s offer, forcing the latter to raise its offer price to RM4.60 per share. The takeover saga ended in October after IOI Corp got hold of more than 50% stake in Palmco.

Lee also made a killing last year when IOI Corp disposed of its 70% stake in Loders Croklaan, the group’s speciality fats business, for RM3.94 billion cash to global agribusiness and food company Bunge Ltd.

It is a prized business that IOI has grown since it was acquired in 2003 for RM814 million from Unilever. The acquisition immediately gave IOI a presence in Europe and North America.

It also enhanced IOI’s value chain, further integrating its operations from upstream to downstream, something that the likes of Sime Darby and FGV Holdings Bhd are now doing.

Posted by 129055444514385 > 2019-06-04 10:00 | Report Abuse

mau buat downstream macam ioi kini, Q2, 2019 akan lancarkan produk baru pulak haha

FGV Holdings Bhd CEO Datuk Haris Fadzilah Hassan says the group will focus on the downstream sector as crude palm oil (CPO) prices are low, noting that the sector is expected to launch four new products by second quarter ending June 30, 2019.

Read more at https://www.thestartv.com/v/fgv-focuses-on-downstream-sector#gQdcMqrjA3HqBAHq.99

Posted by 129055444514385 > 2019-06-04 10:05 | Report Abuse

4 Weeks Range 1.120 - 1.280

Posted by 129055444514385 > 2019-06-04 10:06 | Report Abuse

FGV Financial Information



Market Capital (RM)

: 4.086b

Number of Share

: 3.648b

Dividend Policy (%)

: 50 Details

NTA (RM)

: 1.210

Par Value (RM)

: 1.000


* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.

Posted by 129055444514385 > 2019-06-04 10:06 | Report Abuse

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)

Posted by 129055444514385 > 2019-06-04 10:08 | Report Abuse

Dividend Policy (%)

: 50

Company Name
FGV HOLDINGS BERHAD

Stock Code/Short Name
FGV/5222

Announcement Date
31 May 2012

subject
Dividend Policy Announcement






Remarks

IPO Prospectus, Page 23

Posted by 129055444514385 > 2019-06-04 10:09 | Report Abuse

Corporate Information



Corporate Name : FGV HOLDINGS BERHAD
Symbol & Code : FGV (5222)
Board : MAIN
Shariah : Shariah Compliant Compliant
Sector : Plantation
Sub-Sector : Plantation

Posted by 8888_ > 2019-06-04 10:13 | Report Abuse

Sad Raya for Felda Settlers? Duit Raya drop, FGV also drop how to be happy?

Posted by 129055444514385 > 2019-06-04 10:17 | Report Abuse

interesting :)

FGV CEO sees three options for Felda land lease agreement
Author: savemalaysia | Publish date: Thu, 2 May 2019, 6:15 PM

FOR the past two or three years, there have been reports on the Federal Land Development Authority (FELDA) reviewing its land lease agreement (LLA) with FGV Holdings Bhd (formerly known as Felda Global Ventures Holdings Bhd), which has sent shivers down the spine of anyone involved in FGV.

Worse still, there is talk of FELDA taking back its plantations, which would seem like a nightmare for FGV and its shareholders.

But the question is, will FELDA pull such a stunt, and can it pull it off?

In a nutshell, as part of FGV’s flotation exercise in 2012, FELDA handed over the management of some 355,000ha of its plantations via a 99-year LLA. In return, FELDA was to receive payments of RM248 million a year for leasing its land, as well as a share of the profits at a quantum of 15% per annum.

So, basically, if FGV does well, so will FELDA as it is FGV’s single largest shareholder and benefits from the dividend payments.

FELDA’s grouse is that its 33.67%-unit FGV has only forked out an average of RM400 million a year, in contrast to FELDA’s minimum requirement of RM800 million per annum, which is largely used to manage and ensure the wellbeing of the settlers.

In an exclusive interview, FGV’s recently appointed CEO, Datuk Haris Fadzilah Hassan, says, “We have explained it a few times. In the LLA commitment, there is a formula there. There is a payment for a fixed portion of it, RM248 million. Regardless of the CPO (crude palm oil) price, we have to pay RM248 million, plus a 15% share of profits from the plantations.

“So, this formula was agreed on when they (FELDA) signed the LLA in 2012. But the CPO prices then were at RM2,800 per metric ton. Maybe due to the euphoria at that time, they believed the price would not go below RM2,800 … but today, it is below RM2,000, at about RM1,948.”

FELDA’s requirement of RM800 million would indicate that it had assumed CPO prices would remain at the RM2,800 per metric ton level for the long term.

Haris says, “The last time CPO was above RM3,000 was in 1Q2017 … it was RM3,061 … after that, it’s been sliding all the way to this point.”

At present, CPO is trading at just above the RM2,200 per metric ton level and has traded at between RM2,100 and RM2,499 over the past year.

Three possible outcomes

Haris sees three options in the situation: First, for things to remain status quo; second, for the terms to be renegotiated; and third, for FELDA to terminate the LLA.

While the first and second scenarios are both palatable, the possible termination of the LLA makes analysts and fund managers jittery.

On FELDA terminating the LLA, Haris says, “It’s all within their rights, but there are certain steps or procedures that have been agreed upon in the agreement. For example, they (FELDA) will have to give 18 months’ notice. Once they have given the notice, there is a calculation of compensation, which they need to pay.”

This compensation could go into several billion ringgit, considering FGV has forked out RM300 million per annum for the replanting of 15,000ha for the past seven years. FGV is also slated to undertake replanting exercises until 2026, which will bring down the average age of its trees to 12 years from the current 14.3 years.

At the point of its initial public offering, 53% of FGV’s trees were considered old — more than 23 years old. Now, 28% of the company’s trees are considered old.

“So, if anyone takes away this land, they need to replant as well, so that will cost RM300 million a year. Then they (FELDA) will have to spend on fertilising, which is between RM250 million and RM300 million [annually]. Then, they will also have to look at housing [for plantation workers], which is another RM300 million. Our manpower costs a year are about RM1 billion … So, if they (FELDA) take away the LLA, they have many commitments as well,” Haris points out.

Note that the government is injecting RM6.23 billion into FELDA for various initiatives, as stated in the recently released FELDA White Paper. This is largely because FELDA’s cash balances as at May 9 last year was only RM35 million.

FELDA suffered losses and bled the most, to the tune of RM4.9 billion, in 2017. Much of these woes have been blamed on FGV not contributing to FELDA’s earnings.

Perhaps the best-case scenario from FGV’s perspective would be a renegotiation of the LLA with a variable payment, depending on the price of CPO.

Impact of a termination on FGV

Haris says FGV’s 355,000ha of plantation land under the LLA only contributes 30% to the company’s fresh fruit bunches (FFB) processed.

“We get 30% of our FFB from this LLA land, 47% from FELDA-managed smallholders and 23% from third parties,” he elaborates.

https://klse.i3investor.com/blogs/savemalaysia/204857.jsp

Posted by 129055444514385 > 2019-06-04 10:18 | Report Abuse

:)

Impact of a termination on FGV

Haris says FGV’s 355,000ha of plantation land under the LLA only contributes 30% to the company’s fresh fruit bunches (FFB) processed.

“We get 30% of our FFB from this LLA land, 47% from FELDA-managed smallholders and 23% from third parties,” he elaborates.

It is also worth noting that the LLA only covers the estates, but the mills are owned by FGV. Thus, with the mills located where the plantations are, FGV could still end up buying FELDA’s FFB.

“So net net, I’m thinking I will still get their (FELDA’s) FFB as our mills are located near the plantations, and I can reduce billions [of ringgit] from my cost structure … Realistically, they will have to fork out a lot of money to compensate,” says Haris.

“Maybe with the compensation [from FELDA], we can get plantations with a better age profile … They (FELDA) need to look more into it as the LLA is very specific in terms of the arrangement. There is a notice period, there is a compensation formula, there are some responsibilities for the employees that need to be taken back, and from the operations side, you need to be managing 355,000ha — you have to fertilise, you have to have workers, housing, or maybe they may reappoint FGV as the management company or something, which was the model before,” he adds.

For FGV, if the LLA with FELDA is indeed terminated, it would still have its sugar business under 51%-controlled MSM Malaysia Holdings Bhd, and could venture into renewable energy or a business that generates recurring income.

“Sugar’s cycle is similar as well [to that of CPO], so we will find something that is more stable,” says Haris.

FGV is one of the biggest players in the biomass business. The empty fruit bunches (after the oil is extracted), tree trunks (after replanting) and palm kernel shell can all be used to generate electricity.

Also, FGV has 68 mills, with many of them having the potential for methane capture as well as biogas and biomass production.

“In the long run, the only two things with demand that will still grow are demand for food and demand for energy,” Haris concludes.

Posted by 129055444514385 > 2019-06-04 10:24 | Report Abuse

KWAP is still a major shareholder of fgv with more than 5% shareholdings :)
5222 FGV FGV HOLDINGS BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
NRIC/Passport No./Company No. : KWAPACT6622007
Nationality/Country of Incorporation : Malaysia

Address:
LEVEL 36, INTEGRA TOWER THE INTERMARK 348 JALAN TUN RAZAK 50400 KUALALUMPUR Wilayah Persekutuan Malaysia

Descriptions (Class and Nominal Value):
Ordinary Shares


Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com


Details of Changes

Date of Notice : 13/05/2019

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 10/05/2019 Acquired 275,000 -


Circumstances by reason of which change has occurred:
Acquisition of 275,000 shares in open market by KWAP's Fund Manager on 10May 2019.

Nature of Interest:
Direct Interest

Consideration:



No of Shares Held After Changes:
Direct : 204,134,600 shares (5.5960%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 204,134,600 shares

Remarks:
You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



13/05/2019 07:00 AM


Ref Code: 201905133600179

Posted by 129055444514385 > 2019-06-04 10:27 | Report Abuse

salah satu produk baru dalam Q2, 2019 kah? :)

KUALA LUMPUR (Jan 28): FGV Holdings Bhd has teamed up with South Korea-listed Samyang Foods Co Ltd to establish a halal ramen manufacturing facility in Malaysia for local and global markets.

FGV group chief executive officer (CEO) Datuk Haris Fadzilah Hassan said the collaboration is part of the group's strategic direction to expand its downstream business via wholly-owned subsidiary Delima Oil Products Sdn Bhd, by diversifying its product offerings and penetrating into new markets.

FGV's logistics and support businesses sector will also benefit from this partnership by providing a total logistics supply chain solution, he added.

In a statement, FGV said it has signed a memorandum of understanding (MoU) with Samyang Foods to explore the opportunity for both parties to establish the halal ramen and instant noodle manufacturing plant in Malaysia.

"The global halal food market is one of the fastest growing segments in the food industry and is expected to reach more than US$740 billion in value by 2025," Haris said.

Under the MoU, Delima Oil Products can leverage on Samyang Foods' strong research and development (R&D) and global distribution networks to improve quality and expand the reach of its SAJI products regionally and globally.

"Delima Oil Products will benefit from Samyang Foods' over 50 years' experience in the ramen and instant noodle industry to strengthen its own products and brand positioning," said Haris.

The collaboration will also give FGV access to Samyang Foods' supply chain, which includes cooking oil, vegetable fats and sugar for the latter's existing ramen plant in Wonju, South Korea.

"Samyang is excited at the prospect of expanding our line of products to the vast and growing global halal market by collaborating with FGV as they have valuable experience producing high quality and halal food products," Samyang Foods CEO Kim Jung Soo said.

Posted by uncle ykk > 2019-06-04 10:28 |

Post removed.Why?

Posted by 129055444514385 > 2019-06-04 10:31 | Report Abuse

Palm Oil Trade Fair and Seminar (POTS), India 2019


Malaysian Palm Oil Council (MPOC) and Malaysian Palm Oil Board (MPOB) are pleased to announce that the second Palm Oil Trade Fair & Seminar (POTS) 2019 will be held in Mumbai, India on July 30, 2019. India is one of the largest importers of oils and fats in the world and has been one of the most important destination of Malaysian plam oil for many years. POTS India will provide a host of opportunities to industry members, both within and outside India, to discuss current issues affecting trade, explore market opportunities and benefit from various networking sessions. MPOC has prepared an exciting programme for this event. The programme will cover areas surrounding the global oils and fats industry, nutritional and functional attributes of palm oil and price outlook. The seminar will feature renowned local and international speakers who will share their knowledge and experience about areas which have immediate and long-term effects on the oils and fats trade in this region. We are also pleased to announce that the Honourable Minister of Primary Industries of Malaysia has been invited to deliver the keynote address and officially open POTS India 2019.

We believe that the challenges and issues that will be discussed during this event can be translated into business opportunities and partnerships, when joint efforts are undertaken between suppliers and palm oil users to develop the trade. POTS India 2019 also offers opportunities for participating companies to promote their products and image via sponsorship and exhibition. As these effective and popular marketing tools are limited, please consider taking up these opportunities to avoid disappointment.

We are confident that this conference will shed insights on current issues and lead to opportunities for expanding trade. Don't miss this opportunity. Be part of this important event by registering now. Your participation will immensely contribute towards improving the quality of the conference.

POTS INDIA 2019 SECRETARIAT

Posted by Undi_PAS > 2019-06-04 11:07 |

Post removed.Why?

Posted by Good123 > 2019-06-04 11:23 | Report Abuse

dropped.. settlers sell , need money for raya haha