I am not supporting Azhar there is a lot political involve in FGV so what he did for FGV is already a good job .. need time but the risk is always idiots politician becoming the chairman and screwing up ...i see a lot positive intiative but need more time for sure for FGV
We maintain SELL on FGV Holdings (FGV) with an unchanged fair value of RM0.70/share. Our fair value of RM0.70/share for FGV implies a P/BV of 0.6x. FGV reported a core net loss of RM159.7mil (ex-land lease changes) in 1QFY20 compared with a core net profit of RM1.4mil in 1QFY19. FGV suffered losses in the plantation and sugar units in 1QFY20.
We are now forecasting that FGV would record a net loss of RM49.6mil vs. a net profit of RM50.3mil originally due to weaker FFB production growth and a larger net loss in the sugar division. Recall that 51%-owned MSM Malaysia recorded a net loss of RM34.7mil in 1QFY20 (1QFY19: RM7.1mil net loss) due to higher interest and depreciation expenses.
Washington, DC, reported on Monday a spike of coronavirus cases, pushing back the city’s timetable for moving to the second phase of reopening additional businesses and public spaces.
In a statement, the DC Health Department confirmed a new peak in positive coronavirus cases recorded.
DC Health confirmed the spike in cases restarts phase one of the District's reopening program. DC would need to record a 14-day decline in cases of community spread in order to complete phase one and move on to phase two.
The DC Department of Health reported 56 new positive coronavirus cases and two coronavirus deaths were confirmed on Sunday, raising the total number of cases to 8,857, and the total number of deaths due to coronavirus deaths to 468.
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....
5354_
4,836 posts
Posted by 5354_ > 2020-05-29 14:56 | Report Abuse
MSM must be sold?