Posted by atlantisbear > 2021-08-30 22:24 | Report Abuse

https://www.bharian.com.my/bisnes/korporat/2021/08/857810/fgv-catat-kenaikan-tinggi-untung-bersih-rm33882-juta

Posted by atlantisbear > 2021-08-30 22:24 | Report Abuse

lets keep the share for dividend

Posted by shybutter > 2021-08-30 22:44 | Report Abuse

Now it is good time to follow FGV.

We could expect some changes very soon

Posted by spchia > Aug 30, 2021 8:59 PM | Report Abuse

FGV is time to move up

Posted by gemfinder > 2021-08-30 22:54 | Report Abuse

Sold all 1.51 with gain. Tqtq.

Posted by DickyMe > 2021-08-30 23:32 | Report Abuse

"
gemfinder Sold all 1.51 with gain. Tqtq.
30/08/2021 10:54 PM"
===========================

Excellent decision!
Such quality to identify thrash stocks are rare!

Posted by calvintaneng > 2021-08-31 01:15 | Report Abuse

Congratulation to gemfinder at least he bought and made profit

As for us we continue to dumb dumb hold

Posted by Poh Chye > 2021-08-31 16:09 | Report Abuse

anyone knows how much felda owns to date? Btw, if they own more than 90%, what will happen to the rest of the shareholders

Posted by Letsfly > 2021-08-31 17:22 | Report Abuse

haha havent seen this counter for awhile, come back see, suddenly i earn even more already?

Posted by Letsfly > 2021-08-31 17:31 | Report Abuse

lets see, next round i come by here maybe another 20 sen :D kekeke

Posted by strattegist > 2021-08-31 17:48 | Report Abuse

good

Posted by calvintaneng > 2021-08-31 21:28 | Report Abuse

OIL PALM STOCKS IN Bull Run Time: Those Prepared with Biggest Capacity Will Always Excel More Than Others, Calvin Tan


https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-08-31-story-h1570662146-OIL_PALM_STOCKS_IN_Bull_Run_Time_Those_Prepared_with_Biggest_Capacity_W.jsp


FGV = Full of Golden Value

Posted by Mabel > 2021-08-31 23:52 | Report Abuse

Meow Meow Meow

Posted by gemfinder > 2021-09-01 07:56 | Report Abuse

FGV Holdings (FGV MK)
Misleading Headline Numbers, Disappointing Earnings;
D/G To SELL
Sell (from Neutral)
Target Price (Return): MYR1.35 (-9.4%)
Price: MYR1.49
Market Cap: USD1,308m
Avg Daily Turnover (MYR/USD) 1.45m/0.35m
Analysts
Hoe Lee Leng
+603 9280 8860
hoe.lee.leng@rhbgroup.com
Sean Chew
+603 92808801
sean.chew@rhbgroup.com
Share Performance (%)
YTD 1m 3m 6m 12m
Absolute 16.4 12.9 11.2 12.0 21.1
Relative 18.0 5.8 10.8 10.5 16.1
52-wk Price low/high (MYR) 1.01 – 1.57
Source: Bloomberg
 Downgrade to SELL, from Neutral, with MYR1.35 TP from MYR1.30, 9.4%
downside. FGV’s core profit for 1H21 was below expectations, as headline
numbers included an amount of MYR231m accounting adjustment for changes
made to its land lease agreement (LLA) assumptions. Although we expect the
sugar division to improve in 2H21, the plantation division would still be held
back by weak FFB output and forward sales done at lower prices.
 FGV recorded a core net profit of MYR47m in 2Q21, bringing 1H21 core net
profit to MYR57.8m, making up just 28% of ours and 20% of consensus’ FY21
projections. The main discrepancy came lower-than-expected FFB
performance of -4.7% YoY in 1H21, resulting in higher unit costs. The sugar
division also disappointed, on higher costs, making up 29% of consensus
projections in 1H21. FGV recorded a positive accounting adjustment of
MYR231m for its LLA long term assumptions in 1H21, which we have stripped
out from our core profit calculation.
 FFB output fell 4.7% in 1H21. FGV has lowered its FFB growth target from
+2% to +4% to -3% to -4% for FY21, as it expects the impact of MCO 3.0 and
labour shortage to have an impact on productivity. Current labour shortage
stands at 26% (up from 17% at end-2020). In YTD-July, the FFB growth
moderated further to -7.9% YoY. We cut our FFB growth projection to -5.3%
(from -2.7%) for FY21, but leave our FY22-23F assumption to 3 to 4% growth.
We have also cut our external FFB purchase assumptions accordingly.
 Unit costs rose 7% YoY in 1H21, due to weaker output and higher fertilisation
activities. FGV has applied 45% of its fertiliser requirements in 1H21 (from 35%
in 1H20), Going forward, FGV targets to reduce unit costs (excluding LLA) back
to MYR1,600/tonne in FY21 (from MYR1,619/tonne in FY20). We think this
may be difficult in view of the still weak output, while fertilisation activities will
have to be ramped up in 2H21. We have raised our cost assumptions in line
with our lower FFB outlook.
 Forward sales. FGV’s 1H21 average CPO price was lower than the market at
MYR3,268/tonne, mainly due to forward sales, where 60% of 2Q21’s output
was sold at MR3,200-3,500/tonne. For 2H21, it has sold forward 30% of its own
production.
 The sugar division remained in the black for the third quarter in a row,
albeit with lower QoQ PBT contributions (-55%), due to higher raw sugar prices
(+7% QoQ and +23% YoY). Going forward, this division should see better
earnings, given the higher ASP for export and volumes combined with its
locked-in imported raw sugar requirements at 15-20% below current prices.
 Downgrade to SELL (from Neutral). All in, we cut earnings by 4-14% for
FY21-23. We believe FGV is still at risk of being privatised, given the low public
spread of 13.47%, which will be an overhang on share price. Our SOP-based
TP is raised slightly to MYR1.35 (from MYR1.30), after taking into account
MSM’s latest share price.
Source: Company data, RHB
79
85
90
96
102
107
113
118
124
0.9
1.0
1.1
1.2
1.3
1.4
1.5
1.6
1.7
Aug-20
Sep-20
Oct-20
Oct-20
Nov-20
Nov-20
Dec-20
Dec-20
Jan-21
Jan-21
Feb-21
Mar-21
Mar-21
Apr-21
Apr-21
May-21
May-21
Jun-21
Jun-21
Jul-21
Aug-21
Aug-21
Felda Global Ventures (FGV MK)
Price Close
Relative to FTSE Bursa Malaysia KLCI Index (RHS)
Forecasts and Valuation Dec-19 Dec-20 Dec-21F Dec-22F Dec-23F
Total turnover (MYRm) 13,259 14,076 14,048 14,010 14,164
Recurring net profit (MYRm) (158) 103 178 164 164
Recurring net profit growth (%) 151.3 - 72.7 (7.9) 0.2
Recurring P/E (x) na 52.67 30.50 33.12 33.07
P/B (x) 1.3 1.3 1.3 1.2 1.2
P/CF (x) 1.71 1.63 2.82 2.87 2.85
Dividend Yield (%) 1.3 2.0 2.7 2.0 2.0
EV/EBITDA (x) 12.23 6.74 6.66 6.74 6.56
Return on average equity (%) (7.7) 4.5 4.2 3.8 3.8
Net debt to equity (%) Interest cover (x) 53.9 0.23 42.0 3.73 38.4 3.94 34.1 3.74 30.0 3.80
Overall ESG Score: 2.6 (out of 4)
E: Good
FGV adopts a zero-waste management policy and continues to
manage its waste more efficiently through usage of biomass
residue of empty fruit bunches as solid fuel and converting other
by-products into animal feed. In 2019, FGV started to implement
a model estate and mill project to incorporate best practices
across its entire workflow.
S: Moderate
Labour concerns, which have been highlighted recently, are
currently being investigated. Nevertheless, FGV has made
commitments to adhere to the International Labour Organisation’

Posted by gemfinder > 2021-09-01 07:56 | Report Abuse

luckily sold with gain!!!

Posted by EVO118 > 2021-09-01 09:55 | Report Abuse

One day wonder!

Posted by calvintaneng > 2021-09-01 09:58 | Report Abuse

Buy on pullback as uptrend long way more

Posted by shybutter > 2021-09-01 10:37 | Report Abuse

So, now is pullback?

Posted by calvintaneng > Sep 1, 2021 9:58 AM | Report Abuse

Buy on pullback as uptrend long way more

Posted by strattegist > 2021-09-01 10:54 | Report Abuse

relax

Posted by strattegist > 2021-09-01 10:55 | Report Abuse

cool

Posted by strattegist > 2021-09-01 10:55 |

Post removed.Why?

Posted by atlantisbear > 2021-09-01 12:45 | Report Abuse

https://www.nst.com.my/business/2021/08/722710/fgvs-year-year-q2-net-profit-skyrockets-rm338mil-rm20mil. if unlisted felda can enjoy this profit for them self.

Posted by DickyMe > 2021-09-01 13:11 |

Post removed.Why?

Posted by Mabel > 2021-09-01 16:59 | Report Abuse

FGV still Good...

Today Mabel makan Kambing at MPI...

Meow Meow Meow

Posted by strattegist > 2021-09-01 19:00 | Report Abuse

good

Posted by strattegist > 2021-09-01 19:00 | Report Abuse

steady

Posted by strattegist > 2021-09-01 19:00 |

Post removed.Why?

Posted by DickyMe > 2021-09-01 19:49 | Report Abuse

Lanun2 sudah kembali berkuasa, maka saham-saham najis di KLSE timbul mengapung.

Posted by kamirise360 > 2021-09-01 21:48 | Report Abuse

Public Bank and HLG suggest to HOLD this stock.

Kenanga and Aminvest suggest to SELL

Up to us to follow which one.

Posted by calvintaneng > 2021-09-02 00:30 | Report Abuse

After Felda failed to take FGV Private at Rm1.30

Now news of Tabung Haji wanting to take THPLANT Private?

NEWS OF TABUNG HAJI TAKING PRIVATE THPLANT: ANOTHER PRO-ACTIVE PALM OIL COMPANY MANAGEMENT SEES GREAT POTENTIAL IN PALM OIL, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-09-02-story-h1570690695-NEWS_OF_TABUNG_HAJI_TAKING_PRIVATE_THPLANT_ANOTHER_PRO_ACTIVE_PALM_OIL_.jsp

Posted by strattegist > 2021-09-02 08:37 | Report Abuse

good

Posted by strattegist > 2021-09-02 08:38 | Report Abuse

sawitdikapppp

Posted by Mabel > 2021-09-02 09:31 | Report Abuse

Today back to GREEN...

Meow

Posted by strattegist > 2021-09-02 11:04 | Report Abuse

steady

Posted by stockraider > 2021-09-02 11:09 | Report Abuse

To be fair Calvin sifu call on plantations is consider good;

1. Plantation valuation is still under price.
2. Plantations are generating huge operating positive cashflow
3. Plantation lands are good hedge against inflation mah!
4. There are limited supply plantation land available now
5. These companies pays reasonable good dividend mah!
6. The upside is high but the downside is low loh!


Posted by Philip ( buy what you understand) > Sep 2, 2021 11:03 AM | Report Abuse

First time you know calvin tan?

>>>>>>>
The only unchanged is, someone has bought a lot palm oil stocks and now publish nonsense reports in hte platform to lure uneducated investors to follow the footsteps.

Evil tactics.

Posted by strattegist > 2021-09-02 11:52 |

Post removed.Why?

Posted by DickyMe > 2021-09-02 18:45 | Report Abuse

Flash in the pan! Ikan bilis di goreng!

Posted by kamirise360 > 2021-09-02 22:27 | Report Abuse

The best thing FGV should do now is to get fully privatisation ASAP.

Get it done, then they will move up again

Posted by EVO118 > 2021-09-03 07:17 | Report Abuse

The best thing for Felda to do with FGV is to keep FGV's price way below 1.30,to ensure all the loose monkeys who cannot sustain the opportunity cost of their investment in plantation counters to drop off. They are holding enough % to be able to manipulate this counter.

Posted by strattegist > 2021-09-03 08:02 |

Post removed.Why?

Posted by EatCoconutCanWin > 2021-09-03 09:08 | Report Abuse

bought 1.32.. tq..

Posted by why_no_dividend > 2021-09-03 09:18 | Report Abuse

No dividend or privatisation news so drop? Why i3 members nobody ask IR?

Posted by why_no_dividend > 2021-09-03 09:59 | Report Abuse

QR near all time best got use?

Posted by why_no_dividend > 2021-09-03 10:00 | Report Abuse

MSM price>FGV why?

Posted by strattegist > 2021-09-03 11:15 |

Post removed.Why?

Posted by Ninja _07 > 2021-09-03 12:23 | Report Abuse

Hahahahahahaha.. What happen Mabel? No more meow meow meow ah..? Hahahahahaha

Posted by Mabel > 2021-09-03 13:46 | Report Abuse

#Ninja _07 Hahahahahahaha.. What happen Mabel? No more meow meow meow ah..? Hahahahahaha
03/09/2021 12:23 PM

Haha Mabel already lock profits last week at RM 1.50...

Now feel very contented and bless as the current holding oledi FOC...

Waiting for the next LU lor...Plantation stocks is good to keep..

If Privatised confirm better...keep as Dividend Stocks just like Mabel's Glove

Now Mabel is aiming for another goreng ...this time Mabel play recovery stock ...

Come back when FGV is ready for LU...

Meow Meow Meow

Posted by Mabel > 2021-09-03 13:48 | Report Abuse

FGV Current Volume is low..

So Mabel stay low for time being..

Posted by DickyMe > 2021-09-03 13:50 | Report Abuse

Flash in the pan! Ikan bilis di goreng!

Posted by shybutter > 2021-09-03 21:27 | Report Abuse

FGV need to do something immediately.

Get new plan

Posted by strattegist > 2021-09-06 09:29 |

Post removed.Why?