KUALA LUMPUR (May 28): Bursa Malaysia will only trade for half a day on Tuesday, June 4, and will be closed on the next two days in conjunction with the Hari Raya Aidilfitri holiday period.
Trading on Bursa Malaysia Securities would be opened only for the morning session on June 4, the exchange operator said.
“However, clearing and settlement services provided by Bursa Malaysia Securities Clearing and depository services provided by Bursa Malaysia Depository will continue as usual on June 4, and the office of Bursa Malaysia Securities will remain open until the end of business day,” it said in a statement today.
Bursa Malaysia and its subsidiaries will be closed on June 5 and June 6.
Operations will resume on Friday, June 7, it said.
FGV Dividend History Date Financial Year Ex-Date Entitlement Date Payment Date Entitlement Type Dividend (Cent) Dividend (%) Details 23 Nov 2017 31 Dec 2017 07 Dec 2017 11 Dec 2017 28 Dec 2017 Interim Dividend 5.0000 0.00 Malaysia Stock - Dividend 25 Apr 2017 31 Dec 2016 29 May 2017 31 May 2017 15 Jun 2017 Final Dividend 1.0000 0.00 Malaysia Stock - Dividend 27 Apr 2016 31 Dec 2015 16 Jun 2016 20 Jun 2016 30 Jun 2016 Final Dividend 2.0000 0.00 Malaysia Stock - Dividend 26 Nov 2015 31 Dec 2015 09 Dec 2015 11 Dec 2015 28 Dec 2015 Interim Dividend 2.0000 0.00 Malaysia Stock - Dividend 22 May 2015 31 Dec 2014 26 Jun 2015 30 Jun 2015 10 Jul 2015 Final Dividend 4.0000 0.00 Malaysia Stock - Dividend 25 Aug 2014 31 Dec 2014 10 Sep 2014 12 Sep 2014 29 Sep 2014 Interim Dividend 6.0000 0.00 Malaysia Stock - Dividend 02 Jun 2014 31 Dec 2013 26 Jun 2014 30 Jun 2014 11 Jul 2014 Final Dividend 10.0000 0.00 Malaysia Stock - Dividend 27 Nov 2013 31 Dec 2013 10 Dec 2013 12 Dec 2013 27 Dec 2013 Interim Dividend 6.0000 0.00 Malaysia Stock - Dividend 07 Jun 2013 31 Dec 2012 27 Jun 2013 01 Jul 2013 12 Jul 2013 Final Dividend 8.5000 0.00 Malaysia Stock - Dividend 04 Sep 2012 31 Dec 2012 20 Sep 2012 24 Sep 2012 22 Oct 2012 Interim Dividend 5.5000 0.00 Malaysia Stock - Dividend
KUALA LUMPUR (June 4): Malaysia's palm oil stocks likely hit a 10-month low by end-May, according to a Reuters survey, logging a third straight month of fall due to a dip in output and rise in exports. Stockpiles in Malaysia, the world's second-largest palm oil producer and exporter, is expected to fall 9.7% from April to 2.46 million tonnes in May, according to a median estimate of eight planters, traders and analysts polled by Reuters. That would be the lowest levels since July 2018. Declining end-stocks could provide support to benchmark palm oil prices, which have slightly declined since the start of the year and hit a five month low last month. It was last up 1.3% at 2,055 ringgit (US$492.22) on Tuesday afternoon. Slowing output in Malaysia, the world's second-largest producer after Indonesia, could also lift palm oil prices. Survey contributors are expecting production in May to dip 2% to 1.61 million tonnes from the previous month. This would be a second month of declines for production and its lowest levels in three months. "Production was overall lower as May was the fasting month of Ramadan," said a East Malaysia-based trader, explaining this slows down worker productivity in oil palm estates. "Production will probably remain unchanged for June." Malaysia's palmoil production in January, February and March was at its highest for those months, according to Refinitiv Eikon records going back to January 2000, while April output was its highest for the month since 2015. Meanwhile, the survey also showed that May exports likely rose 3.3% on-month to 1.71 million tonnes in a third straight month of gains, the highest levels in nearly three years. European buyers had been stocking up palm oil as feedstock to make biodiesel, said Kenanga Research plantations analyst Lavis Chong, but added that demand from India, the biggest importer of the edible oil, is expected to slow down moving forward, as the country's local inventory levels have been building up.
Official palm oil data will be published by the Malaysian Palm Oil Board after 0430 GMT on June 12. The median results from the Reuters survey put Malaysia's consumption in May at 248,535 tonnes.
Breakdown of May estimates (in tonnes): Range Median Production 1,600,000 - 1,700,612 1,616,146 Exports 1,650,000 - 1,783,349 1,706,500 Imports 50,000 - 100,000 74,000 Closing Stocks 2,305,599 - 2,561,119 2,464,500
* Official stocks of 2,729,389 tonnes in April plus the above estimated output and imports yield a total May supply of 4,419,535 tonnes. Based on the median of exports and closing stocks estimate, Malaysia's domestic consumption in May is estimated to be 248,535 tonnes. (US$1 = 4.1750 ringgit)
Stockpiles in Malaysia, the world's second-largest palm oil producer and exporter, is expected to fall 9.7% from April to 2.46 million tonnes in May.
KUALA LUMPUR: Malaysia's palm oil stocks likely hit a 10-month low by end-May, according to a Reuters survey, logging a third straight month of fall due to a dip in output and rise in exports.
Stockpiles in Malaysia, the world's second-largest palm oil producer and exporter, is expected to fall 9.7% from April to 2.46 million tonnes in May, according to a median estimate of eight planters, traders and analysts polled by Reuters.
That would be the lowest levels since July 2018. Declining end-stocks could provide support to benchmark palm oil prices, which have slightly declined since the start of the year and hit a five month low last month.
It was last up 1.3% at 2,055 ringgit ($492.22) on Tuesday afternoon.
Slowing output in Malaysia, the world's second-largest producer after Indonesia, could also lift palm oil prices.
Survey contributors are expecting production in May to dip 2% to 1.61 million tonnes from the previous month.
This would be a second month of declines for production and its lowest levels in three months.
"Production was overall lower as May was the fasting month of Ramadan," said a East Malaysia-based trader, explaining that this slows down worker productivity in oil palm estates.
"Production will probably remain unchanged for June." Malaysia's palmoil production in January, February and March was at its highest for those months, according to Refinitiv Eikon records going back to January 2000, while April output was its highest for the month since 2015.
Meanwhile, the survey also showed that May exports likely rose 3.3% on-month to 1.71 million tonnes in a third straight month of gains, the highest levels in nearly three years.
European buyers had been stocking up palm oil as feedstock to make biodiesel, said Kenanga Research plantations analyst Lavis Chong, but added that demand from India, the biggest importer of the edible oil, is expected to slow down moving forward, as the country's local inventory levels have been building up.
Official palm oil data will be published by the Malaysian Palm Oil Board after 0430 GMT on June 12. The median results from the Reuters survey put Malaysia's consumption in May at 248,535 tonnes. - Reuters
That would be the lowest levels since July 2018. Declining end-stocks could provide support to benchmark palm oil prices, which have slightly declined since the start of the year and hit a five month low last month.
It was last up 1.3% at 2,055 ringgit ($492.22) on Tuesday afternoon.
Slowing output in Malaysia, the world's second-largest producer after Indonesia, could also lift palm oil prices.
Survey contributors are expecting production in May to dip 2% to 1.61 million tonnes from the previous month.
This would be a second month of declines for production and its lowest levels in three months.
\"Production was overall lower as May was the fasting month of Ramadan,\" said a East Malaysia-based trader, explaining that this slows down worker productivity in oil palm estates.
\"Production will probably remain unchanged for June.\" Malaysia's palmoil production in January, February and March was at its highest for those months, according to Refinitiv Eikon records going back to January 2000, while April output was its highest for the month since 2015.
Meanwhile, the survey also showed that May exports likely rose 3.3% on-month to 1.71 million tonnes in a third straight month of gains, the highest levels in nearly three years.
European buyers had been stocking up palm oil as feedstock to make biodiesel, said Kenanga Research plantations analyst Lavis Chong, but added that demand from India, the biggest importer of the edible oil, is expected to slow down moving forward, as the country's local inventory levels have been building up.
Official palm oil data will be published by the Malaysian Palm Oil Board after 0430 GMT on June 12. The median results from the Reuters survey put Malaysia's consumption in May at 248,535 tonnes. - Reuters
KUALA LUMPUR (June 4): Malaysian palm oil futures rose after three sessions of losses in early trade on Tuesday, tracking a recovery in soyoil on the U.S. Chicago Board of Trade, but a stronger ringgit capped gains. Benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last up 0.6% at 2,041 ringgit (US$488.69) per tonne.
Fundamentals * U.S. corn futures jumped as much as much as 2% on Tuesday, after the U.S. Department of Agriculture said planting was behind analyst forecasts, stoking expectations that some farmers could switch to sowing other crops. * Oil prices were pressured on Tuesday by an economic slowdown that has started to impact fuel consumption, although some support came from a Saudi Arabian statement that consensus was emerging with other producers over extending supply cuts.
Market news * Shares in Asia inched higher and safe-haven assets gave up some overnight gains on Tuesday, as investors paused for breath after a volatile Wall Street session, but deeper concerns about growth have capped broader improvements in risk sentiment. * The dollar was on the defensive on Tuesday, after taking a beating against peers such as the euro and yen, hurt by a sharp slide in U.S. Treasury yields as traders raised their bets for a near-term rate cut by the Federal Reserve. * The Nasdaq tumbled 1.6% on Monday, confirming a correction as it was dragged down by Alphabet, Facebook and Amazon.com, on fears the companies are the targets of U.S. government antitrust regulators.
Palm, soy and crude oil prices at 0251 GMT Contract Month Last Change Low High Volume MY PALM OIL JUN9 0 0.00 0 0 0 MY PALM OIL JUL9 2034 16.00 2030 2034 24 MY PALM OIL AUG9 2044 16.00 2032 2044 1410 CHINA PALM OLEIN SEP9 4390 -20.00 4372 4404 314676 CHINA SOYOIL SEP9 5420 -10.00 5390 5426 203334 CBOT SOY OIL JUL9 27.43 0.09 27.38 27.73 4870 INDIA PALM OIL JUN9 0.00 0.00 0.00 0 0 INDIA SOYOIL JUN9 750 -5.30 750 753.8 6490 NYMEX CRUDE JUL9 52.98 -0.27 52.86 53.42 38367 Palm oil prices in Malaysian ringgit per tonne CBOT soy oil in U.S. cents per pound Dalian soy oil and RBD palm olein in Chinese yuan per tonne India soy oil in Indian rupee per 10 kg Crude in U.S. dollars per barrel
(US$1 = 4.1765 ringgit) (US$1 = 69.0200 Indian rupees) (US$1 = 6.9075 Chinese yuan)
commodity prices started to move up e.g. gold ... cpo too.. above 2k already ... IPO price was 4.55 when cpo price was about 2800 ... now about 2100.. if recover to 2400 later, fgv should be around 2, my guess :)
investing in fgv, like investing in cpo plus its ability to go downstream... also increase productivity, reduce kickback in purchase, reduce over staffing, cut wastage, more focus selling off non core biz, etc
fgv imitates ioi group now , go downstream... e.g. Korean halal Samyang noodle factory, durian plantations with few China companies, palm oil mill, etc etc
SINGAPORE (June 7): Palm oil is expected to rise into a range of RM2,089-2,111 per tonne, as suggested by its wave pattern and a projection analysis. The contract seems to be riding on a wave c, the third wave of a bigger wave C from RM1,993. Both of these waves have been unfolding within a wedge, the upper trendline of which points at a target around RM2,111, the 76.4% projection level of the wave C. Support is at RM2,052, a break below which could cause a loss to RM2,030. On the daily chart, the contract managed to stabilize around a support at RM2,034, the 114.6% projection level of a downtrend from RM2,896. So long as palm oil stays above RM2,034, it may rise towards RM2,144. A break below RM2,034 could open the way towards RM1,967. (Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.)
the halal korean samyang noodle is potential. KUALA LUMPUR (June 7): More countries are looking to learn from Malaysia's expertise in the halal industry, especially in terms of certification, as well as the ecosystem, says Malaysia External Trade Development Corporation (Matrade). Chief executive officer Datuk Wan Latiff Wan Musa said countries such as Japan, Taiwan, Chile, as well as Kazakhstan and Uzbekistan had expressed their interest to leverage on Malaysia's experience as a pioneer in the halal certification and the industry ecosystem. “We are ahead compared with other Muslim countries,” he told Bernama, adding that these new interest would propel Malaysia to continue moving forward in the halal industry. At the same time, he said there was a need to correct the misconception that the halal concept was only for meat whereas it covered the whole process of manufacturing a product. Therefore, he said Malaysia International Halal Showcase (Mihas) was looking forward to introducing halal certification for new products including diapers, sanitary pads, as well as medical gloves at the annual event. Wan Latiff noted that the halal industry was one of the industries that were given a special focus by the government which included the industry's master plan, as well as the establishment of Majlis Halal Malaysia to coordinate and monitor the implementation of halal initiatives under the master plan. "Due to the government's commitment, we can see that halal industry in Malaysia is growing rapidly,” he said, adding that at present there were 13 halal standards in the country which served as guidelines for Malaysian companies to thrive in the halal sphere. "There are about 8,000 Malaysian companies that are halal certified with some 1,700 of them are exporters," said Wan Latiff. In terms of the industry ecosystem, Wan Latiff said the country had established a comprehensive system which included certification, facilities as well as funding and market access to allow the industry to grow further. He said the industry aimed to reach RM50 billion in export value by 2020 from RM40 billion last year with major components were food and beverages (F
Plenty of room for FGV. Hope they sell off the un-utilized assets to boost up the NTA share price again. Given 2 years, mess is over, this time for FGV to shine.
yah gah good peneroka very mengeluh one...i only can say padan muka to them laah undi PH...but in my heart i still pray laa not that worse...a bit pity lahhh
cop price in the dumps. y-0-y down -20%. analyst revised cop arb price to 2100 from 2300 -2400 mark. FGV hit by thier Indonesia investment. borrow in USD but earnings in rupiah. currency hit both way. appreciation in USD , weakening in MYR and rupiah
“It is good news, especially to the smallholders,” Malaysian Palm Oil Certification Council (MPOCC) chief executive officer Chew Jit Seng told Bernama in an interview recently. As at end-April, only about 32% of the 5.85 million ha of oil palm plantations and 39% of the 451 palm oil mills in the country had achieved MSPO certification, he said.
KUALA LUMPUR: The government is ready to dish out additional incentives to encourage oil palm planters to embrace the Malaysian Sustainable Palm Oil (MSPO) certification, which is aimed at boosting the crop’s profile in the global market. “It is good news, especially to the smallholders,” Malaysian Palm Oil Certification Council (MPOCC) chief executive officer Chew Jit Seng told Bernama in an interview recently. As at end-April, only about 32% of the 5.85 million ha of oil palm plantations and 39% of the 451 palm oil mills in the country had achieved MSPO certification, he said. As announced previously, the MSPO standard will be made mandatory for the entire industry by end of this year. There are separate deadlines for plantation companies and smallholders. Plantation industries were given until Dec 31 last year to obtain the MSPO certification if they already had the Roundtable Sustainable Palm Oil (RSPO) certification, and until June 30, 2019, if they had no RSPO or International Sustainability Carbon Certification (ISCC) certification. The government has given smallholders the longest grace period for getting MSPO certification - up to Dec 31, 2019. Since the announcement of the mandatory timeline for compliance, MPOCC has anticipated that smallholders would be facing challenges in terms of resources and capacity to comply with the MSPO standards, but the Primary Industries Ministry and its agencies can assist them, he said. “We noticed some of them are thinking of scaling down their oil palm plantation areas and even venturing into alternative cash crops, but we would still advise the smallholders to be MSPO-certified to make their product sellable in the long run. “Our main concern is on the smallholders (growers who own below 100 acres) and small and medium-scale growers who have 100 acres, or 40.46 ha, to 1,000 ha. “These growers need more guidance, especially those in the rural areas, as they sometimes lack awareness of the certification process,” he said. The large companies, on the other hand, can readily embrace the MSPO as many of them have already been certified with international standards such as RSPO or ISCC. The existing incentives, which are provided to boost the take-up rate for MSPO certification, fully cover the audit cost and the cost of preparation for the certification for smallholders. “The new incentive scheme will also cover the full audit cost of the small and medium-scale growers and defray their cost of becoming sustainable in the long term,” he said. Currently, the government is giving the independent smallholders RM135 per ha as MSPO incentive. “However, for the organised smallholders under the various land schemes like Felda (Federal Land Development Authority), Felcra (Federal Land Consolidation and Rehabilitation Authority) and Risda (Rubber Industry Smallholders Development Authority), they only get about RM10 per ha So there is a big disparity. “Therefore, the government will rationalise the incentive scheme to make sure that everybody would be incentivised, with priority given to smallholders and small and medium-scale growers,” he explained. According to him, the MSPO certification system is managed by third-party audit companies (certification bodies or CBs) accredited by the Department of Standards Malaysia. — Bernama
FGV needs to get more calibre or professional marketing personnel to drive the company forward or progress. Just a change of directors is simply not enough...
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....
BN_better
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Posted by BN_better > 2019-06-04 11:42 | Report Abuse
Toll tipu BRIM kurang, CPO, FGV jatuh why not back to BN in GE15?