" Parksonguy Sugar up, getah up, palm oil up. So where the profit all gone to. 28/05/2021 5:44 PM" ====================================================
In Singapore, any exit offer must be both fair and reasonable. In Malaysia, an offer that is “not fair but reasonable” can come with an “accept” advice by the independent advisers and is open for shareholders’ acceptance.
A delisting proposal is deemed “not fair” if the offer price is lower than the revalued net asset value per share or fair value estimated by the independent adviser. It is deemed “reasonable” if it provides an exit opportunity for shareholders to realise their investment, after taking into consideration the historical market price and historical trading liquidity of the shares.
KUALA LUMPUR: FGV Holdings Bhd’s net losses narrowed sharply to RM35.42mil in the first quarter ended March 31,2021 as its revenue increased on higher crude palm oil (CPO) prices.
Profit of Rm143.7 millon gone to pay Felda first hence making FGV the only loss making plantation from Mabel collection of Plantations.
FGV Holdings' first quarter net loss shrank to 35.42 million Chinapress Fri, May 28, 2021 07:10 pm-36 minutes ago
(Kuala Lumpur, 28th) FGV Holdings (FGV, 5222, main board planting stock) as of the first quarter of the end of March this year, the net loss has shrunk to 35.421,000 ringgit, compared with a net loss of 142.35 million ringgit in the same period last year; turnover increased year-on-year 22% to RM3.393.49 million.
The company pointed out in a statement that operating income increased to RM186 million in the first quarter, mainly due to the increase in the profitability of palm oil products and the improvement in the performance of the sugar business.
Azman Ahmad, Acting Chief Executive Officer and Director of the Logistics and Support Business Department of FGV Holdings, pointed out that the company expects crude palm oil prices to remain high, but due to the new crown pneumonia epidemic and the shortage of manpower, the operating environment of the plantation business is still being challenged.
He is also optimistic about the transformation plan and sustainable growth of the sugar business.
"Due to the movement control order, domestic sugar consumption is expected to remain stable. At the same time, our logistics business will maintain a strategy to improve sales, profit margins and operational efficiency."
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....
calvintaneng
57,200 posts
Posted by calvintaneng > 2021-05-28 14:35 | Report Abuse
Pahang Govt and SABAH Govt will hold tight their Fgv shares
We hold the fort and wait till Aug 3