Haha.. makin lama..makin intresting here. Dont say both "N" or "M" stupid lah. Just think like this only : if u have proton saga.. selling price 500k. Got buyer bought it. Who is stupid? Simple only..
"Ikon Felda(Chef Wan) bersuara. Dia kata peneroka Felda adalah orang yang malas serta suka berkahwin dua atau tiga. Selepas berkahwin pula, peneroka ‘membiak seperti kucing,”
Very accurate analysis by Chef Wan. However, this phenomena is not limited to Felda settlers only but extends to every "entitled privileged" race. Without shame or responsibility they give birth like bedbugs and expect the government to subsidise EACH CHILD with all kinds of aids, monthly.
Old horse talks cock. He is a big dreamer with huge failures. He is/was the architect of racism, entitlement without effort, authoritarian rule and selective appreciation. PAS took advantage of his inception of Islamic values into administration and managed to corrupt civil service through infiltration. Anwar Ibrahim was the main player for this implementation and that was why he was roped into BN. Whatever it is, the future of nons is bleak as time ticks away.
Old horse party is a mosquito party, using malay unity, want other big boys to be lead by his old ass....thought everybody idiot! Pity AI, again being cheated kaw2 as 20 yr ago......
INVESTMENT HIGHLIGHTS FGV is disposing its 100% stake in its loss-making entity in China for a total cash consideration of RM100m
The rationale is to grow FGV into a leaner organisation via disposal of its non-performing assets Banking on operational efficiency and higher margin downstream products to drive profit growth Earnings revised upwards for FY20 and FY21 assuming completion of the disposal in 1QFY20 Upgrade to BUY with a revised TP of RM1.40
It is challenging for the oil palm industry as there is an oversupply situation which may get worse as more maturing plantations come on stream in Indonesia, Africa, South America etc. Owing to the unemployment situation in Malaysia where low quality graduates are churned out with low English proficiency, FGV is absorbing these anak Felda thus increasing is staff costs. If the price of CPO is at a high level where profit margins are more than 40% of its selling price then everything is OK. However the current situation is low selling price of CPO coupled with extra ordinary high staff costs and other incidental costs (due to pilferage etc). The only way out is to improve its bottom line through higher margin downstream integration which is easier said than done. Dato Azhar is a qualified accountant and he is aware of this grave situation. Honestly I think it is a Herculean task for his team to have rub on those vested interests or sharks. In any business, cost control is of paramount importance to have viable profitable businesses. This is the golden rule.
The profit at Sime Plantation is pathetic if compare to KLK, IOI, United Plantations, Genting Plantations etc. Based on profit per hectare managed or owned, then one can see the difference in profitability. We can discuss until the cows come home then the sun would still rise the next day. The other companies as commercial entities as the majority shareholders are responsible to themselves, other stakeholders like banks etc whereas GLC entities are run differently.
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....
TunMa
23 posts
Posted by TunMa > 2019-07-07 21:52 | Report Abuse
Dr M: Combine Felda settlements for greater wealth
Read more at https://www.thestar.com.my/news/nation/2019/07/07/dr-m-combine-felda-settlements-for-greater-wealth/#LVVZcx6T4Cy9Xvhg.99