Posted by ongth60 > 2020-10-30 22:13 | Report Abuse

Woof

Posted by Mabel > 2020-10-30 22:16 | Report Abuse

https://www.theedgemarkets.com/article/lla-termination-felda-has-more-upsides-fgv-%E2%80%94-analysts

While the termination of the land lease agreement (LLA) with the Federal Land Development Authority (Felda) will significantly reduce FGV Holdings Bhd’s landbank moving forward, the development is however deemed financially positive to the group and could even pose new acquisition opportunities, analysts say.


“The latest development could be a prelude to a merger and acquisition. Recall on Oct 15, 2020, FGV announced that it has received an expression of interest from Perspective Lane (M) Sdn Bhd (a wholly-owned unit by Tan Sri Syed Mokhtar Albukhary’s privately-owned Restu Jernih Sdn Bhd), which expressed its interest to participate in FGV via an injection of plantation assets into FGV,” said HLIB analyst Chye Wen Fei in a note today.

Assuming that FGV does receive a compensation of between RM3.5 billion and RM4.3 billion, this would give the group a significant war chest, noted AmInvestment bank.

“The group can either look for new landbank, repay its borrowings or pay additional dividends. As at end-FY19, FGV had gross external borrowings of RM4.0 billion and loans due to its ultimate shareholder of RM1.1 billion,” said AmInvestment bank analyst Gan Huey Ling.

MIDF's Khoo said that according to FGV’s management, the group currently incurs annual operating costs of about RM1.5 billion for maintenance and upkeep costs, such as replanting, fertilising, staffs’ quarters and plantation workers’ wages, mostly on LLA lands.

“As such, we anticipate that the group could potentially have a leaner cost structure should [the] LLA [be] terminated as Felda would probably need to assume those expenses, in addition to the removal of the fixed lease payment of RM248.0 million per annum to Felda,” noted Khoo.

Posted by ming > 2020-10-30 23:57 | Report Abuse

I think the compensation fee still subject to the fgv performance between 2020&2021.

If cpo price drop mayb pay less; if cpo price up then get more..

Posted by dam82 > 2020-10-31 00:58 | Report Abuse

https://harakahdaily.net/index.php/2020/10/29/penamatan-lla-felda-dan-fgv-perlu-penilaian-menyeluruh/

Posted by EngineeringProfit > 2020-10-31 12:46 | Report Abuse

RM300 donation from all the Felda explorers should be enough for one month salary and perks of its CEO and gang.

Posted by EngineeringProfit > 2020-10-31 12:50 | Report Abuse

RM1.5bil annual bail out should be enough for the other 11 months of a year.

This kind of loss making highly waged management board- shameless or dignity?

Posted by Chua Joe Beng > 2020-10-31 14:01 | Report Abuse

Posted by Chua Joe Beng > Oct 30, 2020 9:05 PM | Report Abuse X

FGV without d CPO Mills is a lame duck!


FGV will b under d mercy of Felda!

FGV will b forced to send their ffb crop to Felda's Mills (close proximity as compared to Tradewind's Mills)!

FGV crop subject to 19% OER instead of 21% OER per metric ton of ffb!

Posted by Mabel > 2020-10-31 14:43 | Report Abuse

Not with 6 to 7 billion compensation and with SM Tradewind Plantation and Mills..

Current price plus potential cash injection plus potential right back on impairment should bring FGV at par with Plantation Blue Chips..

Meow

Posted by Banditos > 2020-10-31 14:59 | Report Abuse

https://www.nst.com.my/business/2020/10/636827/lla-compensation-be-substantially-less-fgvs-estimates

dont cum yet kitty cat

Posted by Mabel > 2020-10-31 17:11 | Report Abuse

Still good if they decide to take it all...

Remember...Wahid also said this...

Affin Hwang Capital said FGV now owns 64 mills, besides managing a total of 439,725ha of plantation land (Malaysia: 417,147ha and Indonesia: 22,578ha) and producing about three million tonnes of crude palm oil annually.

To a question on its 33.66 per cent interest in FGV, Abdul Wahid said Felda had no intention to sell the stake.

If they have 33.36 stakes, it will come naturally that FGV may use their mill plus Tradewind Mills..

It's all part of the family.. We still get cash injection, landbank from Tradewind and the right to use of our mills if we want to..

So its still business as usual plus capital injection, landbank and new better management under SM with good relations with Big Brothers..

I still see this is very positive development plus all the other upside as shared earlier..

Definitely it will make FGV a better company

Meow

Posted by ming > 2020-10-31 19:36 | Report Abuse

Felda terus takeover fgv better lo.. pay less somemore..

Posted by Mabel > 2020-10-31 22:37 | Report Abuse

Like I said earlier, that is also a good option...

Also no issue with that too ...do you think that will happen?

Meow

Posted by blistering > 2020-10-31 22:59 | Report Abuse

with capital injections from FELDA & higher CPO + gain from global Rubber Shortage due to rising demand from China & Glove makers consumptions...FGV is a good buy now!!! collecting on big amount monday morning

Posted by Mabel > 2020-10-31 23:17 | Report Abuse

Meow blistering ...

That's why Mabel collected two batches at RM 1.07 and another two batches at RM 1.06 on Friday.

The current selling pressure on Wall Street may have been absorbed thoroughly and DJI rebounded, we expect this rebound may sustain after the US Presidential Election. Right now they are washing out all the weak holders. I expect a strong rebound will happen from the 7th November onwards. This happened in any US Presidential election irrespective who ever wins..

Overall, the narrative for the market remains unchanged and being cautious on the Covid-19 status going into winter season, where daily cases shot up near the 500k confirmed cases.

Nevertheless, market players are likely to stay sidelines given a few major events that will take place in the following weeks such as:
(i) US presidential election,
(ii) Budget 2021,
(iii) local political developments, and
(iv) BNM monetary policy meeting.

So actually it's an opportunity to accumulate as the CPO is in all time high. This A380 will starts flying from the 7th onwards.

Next Tuesday 3-11-2020 is US election day and on Wednesday 4-11-2020 we will know the result !
So, just countdown 3 trading days only !

For those who wanted to sailang, should sailang now or one day before the result is out, which is sailang before or on 3-11-2020 (Tuesday) !

Huat ah ! Heng ah ! Ong ah !

Posted by Jobless > 2020-11-01 05:04 | Report Abuse

Privatise FGV cheaper than terminate LLA. PN not good cannot think why not GE15 asap kick them out?

Posted by Jobless > 2020-11-01 05:10 | Report Abuse

Whoever MP now must make them lose in GE15 why more and more jobless under PN? CEO not good why can't find jobless replace them?

Posted by Jobless > 2020-11-01 05:15 | Report Abuse

BN not good we kicked them out in GE14. Emergency is to delay GE15? Why US worse Covid19 country can have GE not M'sia?

Posted by Jobless > 2020-11-01 05:22 | Report Abuse

Never trust politicians. If make more and more jobless why must keep them?

Posted by Jobless > 2020-11-01 05:26 | Report Abuse

Wahid Omar ex Maybank CEO not approved FGV IPO why now say FGV not worth? He like politicians cannot be trusted?

Posted by Mabel > 2020-11-01 12:46 | Report Abuse

Of course all politicians has to be taken with a handful of salts..

With 54 seats in GE15, I'm sure they will handle this tactfully..

Either ways FGV will be taken care off. They cannot afford to make the Biggest IPO a failure..

Mabel Motivation for collecting FGV..

+ FGV has both Oil Palm and Rubber Plantations which is important for our Gloves Industry. We are the World No 1 Producer of Gloves, World No 2 Producer of Palm Oil and World No 3 Producer of Rubber.

+ Compensation which can go as high as RM4.3 Bil to RM7 bil (Without mills FGV: Expects RM3.5bn-RM4.3bn compensation from Felda over LLA termination. With mills FGV is expected to get RM 6-7 Billion (estimate)..

+ Higher CPO. CPO closed at MYR 3,243.50. Next it will breach RM 3300

+ Gain from Global Rubber Shortage due to rising demand from China & Glove makers consumptions.

+ Felda now has the funding to pay FGV

+ Land injection by PLSB which will increase FGV’s landbank size to 212,170 hectares. It’s still the 2nd biggest plantation after SimeDarby.

+ Potential downstream activities that can help FGV.

+ The group currently incurs annual operating costs of about RM1.5 billion for maintenance and upkeep costs, such as replanting, fertilising, staffs’ quarters and plantation workers’ wages, mostly on LLA lands. As such, we anticipate that the group could potentially have a leaner cost structure should [the] LLA [be] terminated as Felda would probably need to assume those expenses.

+ The removal of the fixed lease payment of RM248.0 million per annum to Felda,

+ All lost making JV are being disposed. Right sizing employee WIP. Cost Saving also achieved and more to come. Dairy business and Animal Feed business. Paper pulp – WIP. Bio Gas /FMCG and cross plantation.

+ For Asian Plantation Limited Ventures — which FGV impaired some RM700 million on goodwill in 2018 — the group has seen five interested parties, and is looking forward to complete a sale by year end. Potential right back that will improve FGV Balance Sheet!.

All these should bring FGV at par with my Plantation Blue Chips. If the price dip further on Monday, Mabel will not hesitate to continue collecting for capital gain.

Meow Meow Meow

Posted by Minagrace > 2020-11-01 13:30 | Report Abuse

The problem with FGV is investor have no confident with their management. Give them how many cash also useless . Why waste time on them when there are better Blue chip plantations counter out there.

Posted by Mabel > 2020-11-01 13:35 | Report Abuse

We are talking about Syed Mokhtar...he's worth more than USD 1.2 to 1.3 Billions

https://www.forbes.com/profile/syed-mokhtar-albukhary/?sh=1c0c3afd18ee

Meow

Posted by Mabel > 2020-11-01 13:39 | Report Abuse

@Minagrace The problem with FGV is investor have no confident with their management. Give them how many cash also useless . Why waste time on them when there are better Blue chip plantations counter out there.
01/11/2020 1:30 PM

Sure you can choose any of Mabel 11 Pantations.

Sime Darby
KL Kepong
FGV
IOI Corp
Sarawak Oil Palm
TaaNN
TSH
Jtiasa
Tabung Haji
Boustead
TDM

Meow

Posted by jk20598 > 2020-11-01 15:15 | Report Abuse

Felda Chairman rejected Syed Mokhtar's offer!

Posted by Mabel > 2020-11-01 15:22 | Report Abuse

It's actually not his call..

It's FGV who will decide mah...

Meow

Posted by mf > 2020-11-01 15:55 | Report Abuse

PM bertemu pemimpin Perikatan Nasional di Hilton Kuala Lumpur
Ridauddin Daud
November 1, 2020 15:35 MYT

Posted by ming > 2020-11-01 16:19 | Report Abuse

Syed mokhtar fights with Felda.. both goreng fgv fly to sky high..xD

Posted by ming > 2020-11-01 17:21 | Report Abuse

Extract from Wilmar’s quater result on 30th Oct:


With the tight global vegetable oils situation, we expect palm prices to remain firm into early 2021, driving our Palm Oil Mill and Plantation results for the next quarter. Processing margins for Tropical Oils and Oilseed crushing margins are also expected to be satisfactory for the rest of the year. Our Sugar operations are expected to do well for this year, aided by the strong white sugar premium and the recent recovery in sugar prices.

Posted by Mabel > 2020-11-01 21:31 | Report Abuse

@ming Syed mokhtar fights with Felda.. both goreng fgv fly to sky high..xD
01/11/2020 4:19 PM

Meow ming

Budak2 bermain gasing
Bermain dgn adik Kak Mabel
Alang2 kalau nak goreng
Biar sampai dapat tukar katil Stainless Steel

JR Erwing duduk di Jalan Gasing
Anak nya berambut Blonde bernama Mabel
Absolutely ! Confirm FGV akan di goreng
Kali ini FGV pilihan utama Mabel

RM 1.06 Harga saham di tutup Hari Jumaat
Jangan risau sebab Auto Cruise sudah set pada Dua ringgit
Jatuh naik saham langsung tidak berbangkit
Ini Kali FGV akan melepasi Dua Ringgit.

Meow Meow Meow

Posted by DickyMe > 2020-11-01 21:42 |

Post removed.Why?

Posted by Mabel > 2020-11-01 22:27 | Report Abuse

Hahaha...Dicky kena marah di Top Glove.

What happen to all your posting to TG? Why all kena deleted?

Luckily we farmers here are more polite than my Gloves Buddies,,,

Meow

Posted by pineapple123 > 2020-11-01 22:46 | Report Abuse

FGV HUTANG EVERYWHERE. LOSSES DUE TO DRECTOR'S FIGHTING FOR POWER AND GETTING INVOLVED IN POLITIC.

4.5BIL COMPENSATION? PERLAHAN-LAHAN TUNGGU. HAHA

Posted by limkokthye > 2020-11-01 23:09 | Report Abuse

malaysia will bankrupt soon, too many lobang lobang company

Posted by DickyMe > 2020-11-01 23:11 | Report Abuse

LOL..My comments or post getting deleted is not unusual or new.

However, they cannot stop me from commenting.

Posted by Mabel > 2020-11-01 23:15 | Report Abuse

...that's why FGV starts planting pineapple..

Remember Dphama?

When it was below RM 3, everyone was scared to buy ...too many Naysayers

Two weeks ago, Dphama breaches RM 4.20. Mabel managed to lock some profits and pump into FGV to grow more pineapples. Mabel loves pineapples. It shorten Mabel's period..

Everything in the market repeats, so stop worrying with negative thoughts. Once the operator has collected enough they definitely will push up the price and likewise vice versa as we have seen in many counters. Last rally FGV reach RM 1.56. This round it can go above RM 2. All risks has been factored in including Directors and Managements. CPO may breach RM 3300 soon

If it dips next week, Mabel will sailang...

Meow...

Posted by Mabel > 2020-11-01 23:24 | Report Abuse

@DickyMe LOL..My comments or post getting deleted is not unusual or new.

However, they cannot stop me from commenting.
01/11/2020 11:11 PM

Meow Dicky!

Anyway Mabel loves reading your comments..

Sometimes, you make me think...

Have a great week !

Meow

Posted by 5354_ > 2020-11-02 05:26 | Report Abuse

Privatise FGV faster than terminate LLA which can take 18 months?

Posted by mf > 2020-11-02 06:25 | Report Abuse

Selain pembentangan Belanjawan 2021, pasti ramai yang menunggu usul undi tidak percaya kepada Perdana Menteri, Tan Sri Muhyiddin Mohd Yassin termasuk usul menyatakan kepercayaan kepada Perdana Menteri.

Apa pun, semuanya masih berkisar kepada pandemik COVID-19 termasuklah isu politik, ekonomi dan hal ehwal sosial dan kebajikan rakyat.

Posted by Mabel > 2020-11-02 08:10 | Report Abuse

5354_ Privatise FGV faster than terminate LLA which can take 18 months?
02/11/2020 5:26 AM
Yes.

Posted by mf > 2020-11-02 08:20 |

Post removed.Why?

Posted by dam82 > 2020-11-02 09:13 | Report Abuse

gone case for short term ..no one will buy at the moment thanks to PN

Posted by strattegist > 2020-11-02 09:42 | Report Abuse

softlan

Posted by 8888_ > 2020-11-02 10:12 | Report Abuse

Soft bec PN not good? Privatise FGV cheaper why cannot do? Wait Anwar(PH) PM?

Posted by 8888_ > 2020-11-02 10:16 | Report Abuse

No wonder so many no confidence on Muhyiddin. FGV also don't know belong to 54 Felda seats?

Posted by 8888_ > 2020-11-02 10:18 | Report Abuse

FGV CEO if not good just change not let FGV drop.

Posted by 8888_ > 2020-11-02 10:19 | Report Abuse

Almost half of motions in Parliament relate to confidence on Muhyiddin's leadership
https://www.thestar.com.my/news/nation/2020/11/02/almost-half-of-motions-in-parliament-today-relate-to-confidence-on-muhyiddin039s-leadership

Posted by ming > 2020-11-02 10:31 | Report Abuse

Aiyo.. kena slap pulak

Posted by strattegist > 2020-11-02 11:18 | Report Abuse

kutip biji sawit...

Posted by dam82 > 2020-11-02 12:30 | Report Abuse

someone depressing the price ..now lets see

Posted by dam82 > 2020-11-02 13:38 | Report Abuse

For LLA Land FGV at the mercy of FELDA and also if FELDA decide to sell FGV with penny in open market but i doubt they will do that ... any other noises coming like Mill FELDA can't do anything unless FGV Board Approve and FELDA cannot vote ...