Posted by strattegist > 2020-10-01 17:24 | Report Abuse

still above rm1... good

Posted by hng33 > 2020-10-01 17:47 | Report Abuse

The WRO does not have any material financial and operational impact on FGV Group

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3092680

Posted by ming > 2020-10-01 18:01 | Report Abuse

All depends how local funds play with the share price.. foreign fund should no dare touch this counter

Posted by michaelwong > 2020-10-01 18:32 | Report Abuse

The temporary downtrend will be back to normal just like top glove where the gloves have been detained by US for the very same reasons force labours abused .

Posted by Jeffreyteck > 2020-10-01 21:13 | Report Abuse

As politicians keep on diverting focus to income discrepancies among races, listed companies controlled by them keep on exploit poor labors resulting usa banned??? Lol. Even give guarantee return back to $5, will not support it. Believe income discrepancy within company is high.

Posted by Chua Joe Beng > 2020-10-01 21:56 | Report Abuse

KUALA LUMPUR (Oct 1): Malaysia is anticipating the United States to ban the imports of another plantation firm, after the US Customs and Border Protection (CBP) agency blocked entry of palm oil products from FGV Holdings over forced labour allegations.

"Another big firm will be banned soon," Human Resources Minister Saravanan Murugan told reporters on Thursday, according to a recording heard by Reuters.

Industry analysts warned that the ban on FGV could lead to buyers in other countries turning away from the company or shunning Malaysian palm oil.

Posted by Mabel > 2020-10-01 22:08 | Report Abuse

Top Gloves managed to restore confidence due to demand.

As long as Palm Oil is still competitive, they will go for Palm Oil. It's a supply and demand issues.

Here is the sad part, the country is too focus on politics. If we can closed rank we could pull this together and build our economy..

Posted by Mabel > 2020-10-01 22:14 | Report Abuse

https://abcnews.go.com/US/wireStory/malaysia-palm-oil-producer-vows-clear-us-ban-73356317

Malaysian palm oil producer FGV Holdings Berhad vowed Thursday to “clear its name” after the U.S. banned imports of its palm oil over allegations of forced labor and other abuses.

Posted by Mabel > 2020-10-01 22:15 | Report Abuse

@strattegist still above rm1... good
01/10/2020 5:24 PM

Yes I was waiting at this price after collecting two batches today..

Posted by Aurora13 > 2020-10-01 22:32 | Report Abuse

US market is only abt 5% of fgv palm oil, minimal impact... This is pretty much like top glove ban, that day itself drop shit down., but immediately tomorrow rebound after calm down

Posted by 50Cents > 2020-10-02 02:17 | Report Abuse

Fgv is the worst counter ever

Posted by mf > 2020-10-02 02:17 | Report Abuse

Dow Jones 27,672.779 -108.92 0.39%

Posted by linheng > 2020-10-02 06:54 | Report Abuse

I view very little downside. More danger is the bigger plantations like Sime Darby, IOI and KL Kepong. All use the same labor practice.
Glove counters also kena and would probably take 6 months to rectify.
Sale to US is 5% but share price drop 8%. Imagine if the palm oil produced is FOC, it should only affect 5%. Got support from Govt funds like KWSP

Posted by hng33 > 2020-10-02 07:38 | Report Abuse

USDA reports large declines in U.S. grains stocks, lifting prices for soybeans, corn and wheat
Published: Sept. 30, 2020 at 1:00 p.m. ET
By Myra P. Saefon

The U.S. Department of Agriculture on Wednesday reported big declines in U.S. stocks of soybeans, corn and wheat from year-ago levels. The Grain Stocks report showed U.S. soybean stocks at 523 million bushels, down 42% from Sept. 1, 2019. Corn stocks were down 10% from a year ago at 2 billion bushels and all wheat stocks were down 8% at 2.16 billion bushels, the USDA data showed. The report revealed "unexpectedly large declines," leading to a rally in prices for the grains, said Sal Gilbertie, president and chief investment officer at Teucrium Trading. November soybeans SX20, +0.07% traded at $10.26 a bushel, up 33 cents, or 3.4%. December corn CZ20, +0.85% added 16 cents, or 4.4%, to $3.80 3/4 a bushel and December wheat WZ20, -1.42% added 30 1/2 cents, or 5.5%, to $5.80 a bushel.

Posted by Not_logic > 2020-10-02 07:39 | Report Abuse

If ban CPO how US company Procter & Gamble can make soap?

Posted by hng33 > 2020-10-02 07:50 | Report Abuse

FGV operating cost breakeven level is at RM 2200, anything surplus above these threshold level is pure net profit.

Based on average CPO price for Q3 about RM 2750, the estimate EPS for upcoming Q result is 4sen

Posted by hng33 > 2020-10-02 07:59 | Report Abuse

Most of the FGV CPO production are use for in house purpose, refine to produce cooking oil. FGV newly venture into downstream cooking oil, under in house brand, Saji, is now command nearly 40% of entire market share.

Posted by burung_tiong_pusing > 2020-10-02 08:00 | Report Abuse

ya ker

Posted by James Ng > 2020-10-02 08:34 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-10-02-story-h1514417414.jsp
[转贴] [FGV HOLDINGS BERHAD：种植部门销量下降导致种植部门亏损增加] - James的股票投资James Share Investing

Posted by 5354_ > 2020-10-02 08:45 | Report Abuse

No wonder US Covid19 cases cannot come down. SOP "kerap basuh tangan air dengan sabun"(by M'sian DG) not followed?

Posted by 5354_ > 2020-10-02 09:09 | Report Abuse

No drop more despite mkt drop is good sign.

Posted by strattegist > 2020-10-02 09:37 | Report Abuse

sustain

Posted by DickyMe > 2020-10-02 10:37 |

Post removed.Why?

Posted by strattegist > 2020-10-02 10:40 | Report Abuse

green

Posted by Mabel > 2020-10-02 11:38 | Report Abuse

@supersinginvestor @mabel
Dont do it...
Fgv u cant hold n keep..
Its just hit n run..
Buy united plantation to keep n hold...
Fgv is cursed...
01/10/2020 11:17 PM

Run and miss the fun?

Remember Top Gloves? When TG Shares plunge, I did not run. I collect more. TG and her 3 Fantastic Four sisters has been great to me..

Studies have shown that more than 90% of the investors including professional lose money in the stock market. Under such a discouraging investment climate, I would like to share with you my winning strategy.

Covid 19 pandemic is affecting everyone’s movement, businesses and all listed and non-listed companies. As a result, the demand for gloves far exceeds supply and all the glove manufacturers are continuously increasing their selling prices to make more and more profit. The additional selling price is pure profit because it does not involve production cost. That is why each of the glove stocks has shot up a few hundred percent in the last 6 months. As long as the Covid 19 pandemic is still not under control, the demand for gloves will continue to exceeds supply and all the glove makers will continue to make more and more profit. Many scientists predicted that the pandemic will not be under control for at least 1 or more years despite the discovery of the vaccine.

Hence any prudent investors should have glove stocks and wait patiently to maximise profit. You should only sell your glove stocks when the glove companies start to report reduced profit. You should not sell as long as the glove companies continue to report increasing profit in every quarter.

The same with Plantation. We are dealing with an industry that is feeding more than 3 billion people across 200 countries. I agree with hng33, my view is also very little downside. Yes, the danger could be my bigger plantations like Sime Darby, IOI and KL Kepong. All use the same labor practice.

This is an industry that is affecting many farmers and our country. Surely more action is installed in the pipeline. As long you dont sell you dont lose anything. Plantation and Healthcare are two industry that I view as part of giving back after gaining so much..

I plan to hold as tight as I can...

Meow

Posted by Mabel > 2020-10-02 11:40 | Report Abuse

Always look at the bigger picture..

Top 10 reasons why Palm oil stocks will go into a bull run

1. China hit by 3 massive typhoons in its North-West. Heilongjiang the bread basket of China has been flooded. It's soybean crops are destroyed

2. As a result China must buy soybean from USA

3. Last year China swine fever wiped off many pigs. Soybean is also needed as feed meal for pigs

3. US now in drought as soybean production is less.

4. Argentina and Brazil soybean crops won"t be ready until Feb 2021

5. So with increasing demand and dwindling supply soybean prices are rocketing upward

6. Soybean going up will pull up palm oil as their prices are co-related

7. India now will turn to cheaper palm oil as soyoil becomes too expensive

8. Malaysian palm oil stocks are depleting due to lack of Indonesia workers due to MCO
Again less stock means higher prices

9. Last quarter result of March to May CPO prices were weak. Buy CPO prices have surged from June to August quarters so palm oil stocks are expected to report very good results in Nov 2020

10. Best of the best now in Sept 2020 soybean oil has almost reached Usd35.00 and Cpo future going to cross Rm3,000 barrier

All these converging factors will propel palm oil stocks into bull run just like coronavirus powered up medical gloves

Just Hold whatever you got...

Meow

Posted by strattegist > 2020-10-02 11:52 | Report Abuse

steady

Posted by Mabel > 2020-10-02 11:58 | Report Abuse

All the best supersinginvestor. TSH is also under my collection. It's another great plantation company.

Well done!

Meow

Posted by gemfinder > 2020-10-02 12:46 | Report Abuse

Where is the plantation pas minister? Not doing job ka?

Posted by Mikecyc > 2020-10-02 13:22 |

Post removed.Why?

Posted by Mikecyc > 2020-10-02 13:22 |

Post removed.Why?

Posted by Mikecyc > 2020-10-02 13:24 | Report Abuse

In 2019, FGV derived 5.3% of its total revenue from the US and Canada, Ng pointed out.

The bulk of its revenue, about 56%, came from Malaysia, 10% from India, 7% from Pakistan, 4.3% from China, 2.5% from Europe and 15% from other markets, mainly in Asia

Posted by Mikecyc > 2020-10-02 13:30 | Report Abuse

Refer to MPOB : Malaysia CPO export 2020 Jan to August

export to U.S.A is 387,347 MT

export to China is 1,842,142 MT vs 2019 1,395,697 MT : + 32 %

export to India is 1,176,274 MT vs 2019 3,597,563 MT : - 67.3 %

export to Europe is 1,341,780 MT vs 2019 1,419,722 MT : - 5.5 %

Posted by Mikecyc > 2020-10-02 13:38 | Report Abuse

Refer to FGV August CPO output is about 25 % of Malaysia total export volume .. Local competition is getting greater ..

Posted by Mikecyc > 2020-10-02 13:43 |

Post removed.Why?

Posted by asmpenang > 2020-10-02 13:48 | Report Abuse

I agreed with Mabel. Thanks for the sharing.
I think no matter what happen. Our govt fund will support FGV as you can see KWAP continue to support the buying. Do you think few million shares can be purhase by small investor ?
So it must be those big investor down there collecting FGV shares.
I look at mid term investment.

Posted by hng33 > 2020-10-02 14:31 | Report Abuse

cut at 1.04 first

Posted by FGV_ > 2020-10-02 14:43 | Report Abuse

Rubber gloves sure need rubber.

Posted by FGV_ > 2020-10-02 14:44 | Report Abuse

FGV expands rubber business to Europe, North America
https://www.theedgemarkets.com/article/fgv-expands-rubber-business-europe-north-america

Posted by Hidup_Anwar > 2020-10-02 15:08 | Report Abuse

Muhyiddin too weak as PM.

Posted by Hidup_Anwar > 2020-10-02 15:08 | Report Abuse

Anwar PM only way can save M'sia.

Posted by Hidup_Anwar > 2020-10-02 15:10 | Report Abuse

US bully us because wrong PM and not voted.

Posted by Mikecyc > 2020-10-02 15:10 |

Post removed.Why?

Posted by Hidup_Anwar > 2020-10-02 15:12 | Report Abuse

GE15 is no-no because spike in Covid19 like in Sabah.

Posted by Mikecyc > 2020-10-02 15:14 | Report Abuse

In facts most of the plantations counters are with huge debt .. even KLK with huge cash on hand but huge debt aso .. just on Financial asset n Financial debt is debt is more than 2.0 billion ..

Posted by Hidup_Anwar > 2020-10-02 15:19 | Report Abuse

EPF/KWAP/PNB/TH cannot buy why CEO cannot change?

Posted by strattegist > 2020-10-02 15:23 |

Post removed.Why?

Posted by Hidup_Anwar > 2020-10-02 15:41 | Report Abuse

KLK >RM 22 how can compare? FGV RM 1.5 very hard under Moo.

Posted by Hidup_Anwar > 2020-10-02 15:42 | Report Abuse

If FGV really not good why not privatised instead everyday see red eye?

Posted by Hidup_Anwar > 2020-10-02 15:48 | Report Abuse

Petronas/EPF/BNM $ use to privatise FGV why PM cannot do? Need new PM?