Palm oil still the cheapest vege oil in Aeon, Tesco, Mydin, Giant, Econsave, Cold storage, Jaya Grocer and all other supermarkets in Malaysia, Singapore and?
Nevertheless, FGV’s existing plantation land bank could be substantially reduced as FELDA is looking to terminate the LLA with FGV. The LLA, which was signed prior to FGV’s flotation exercise in 2012, involves 350,733ha of plantation land that was leased to FGV for 99 years from Nov 1, 2011.
For the LLA termination, FGV’s compensation is to be calculated based on the average profit per mature hectare for the entire leased land (based on its latest audited financial statements at the point of notice) multiplied by the loss of FGV’s future profits.
>> FGV would be compensated for 10 years of future profits should the LLA be terminated less than eight years from the last replanting, or five years of future profits should the agreement be terminated more than eight years after the last replanting.
The LLA termination would leave FGV with 88,497ha of plantation land and 68 palm oil mills.
Chinteck's fantastic result just announced will be indicative of all palm oil fantastic results coming out next month one by one with good surprise on the upside
With so much earnings palm oil being a Cash crop Chinteck has even declared a higher special dividend
Other palm oil companies like nsop, Riverview and Kfima also declared "special dividends" apart from it's usual dividends
After Klk taking over Ijmplant next will be Ioi looking for M&A as they see great coming prospects for palm oil ahead
So hold tight all Fgv and all other palm oil shares as we enter the exciting good results reporting time of palm oil for August 2021
Felda is obliged to undertake 2nd attempt to privatize FGV The issues here are When & what is the new offer price ?. Extension of the deadline beyond 3 August is inevitable.
Yes, stay cool.. I believe that our patience will be rewarded.
Posted by taitaumau > Aug 1, 2021 4:49 PM | Report Abuse
Felda is obliged to undertake 2nd attempt to privatize FGV The issues here are When & what is the new offer price ?. Extension of the deadline beyond 3 August is inevitable.
Yes, stay cool.. I believe that our patience will be rewarded.
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....
DickyMe
14,964 posts
Posted by DickyMe > 2021-07-26 22:35 |
Post removed.Why?