FGV price will not move much if Felda is holding more than the legal threshold allowed. Not enough free shares to enable price movement. Need BURSA to act on it. That is why there is a threshold limit. Need to get it back to the legal limit then make another takeover offer.
FGV Holdings Bhd aims to capture a 3.5% share of the local fragrant rice market by the end of 2025 under the group's household brand Saji. This would be made possible with the implementation of the Fortified Field Fragrant Rice programme by its subsidiary FGV Integrated Farming Holdings Sdn Bhd, which optimises local fragrant rice paddy farming through smart and effective agricultural practices and technologies. (The Edge)
PART A – GENERAL 8.01 Introduction This Chapter sets out the continuing listing obligations that must be complied with, amongst others, by a listed issuer, its directors or advisers in addition to other continuing listing obligations which have been set out in other Chapters of these Requirements. PART B – CONTINUING LISTING CRITERIA 8.02 Compliance with security holding spread requirement (1) A listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) or listed units are in the hands of public security holders. The Exchange may accept a percentage lower than the 25% threshold if it is satisfied that such lower percentage is sufficient for a liquid market in such securities. (2) Listed issuers which have shares or units listed on other stock exchange(s) may have these securities included for the purpose of computing the percentage of security holding spread referred to in subparagraph (1) above. (3) A listed issuer must immediately announce to the Exchange if it becomes aware that it does not comply with the required security holding spread referred to in subparagraph (1) above. (4) A listed issuer which fails to maintain the required security holding spread referred to in subparagraph (1) above may request for an extension of time to rectify the situation in the manner as may be prescribed by the Exchange. (5) A listed issuer must furnish a schedule containing the information set out in Appendix 8E to the Exchange, upon completion of a take-over offer under the Take-Overs and Mergers Code. [Cross reference: Practice Note 19]
Two types of oil can be produced; crude palm oil comes from squeezing the fleshy fruit, and palm kernel oil which comes from crushing the kernel, or the stone in the middle of the fruit.
On FGV’s upstream oil palm operations, the company said it manages a total land bank of 439,275ha in Malaysia and Indonesia to produce approximately three million tonnes of CPO annually.
Palm Oil is expected to trade at 4198.31 MYR/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4745.75 in 12 months time.
Forecast that high CPO price is expected until most of 2022
With Indonesia, our Main Competitor of Palm Oil out of the game due to ESG Compliance, Malaysia WILL RISE UP AS WORLD NUMBER ONE EXPORTER to feed 8 billion people across the planet..
Brent crude oil was trading at US$86 (about RM357.59) per barrel, while crude palm oil closed at an all-time high on Wednesday with the benchmark palm oil contract for January 2022 rising by RM127 to RM5,071 a tonne.
With Indonesia, our Main Competitor of Palm Oil out of the game due to ESG Compliance, Malaysia WILL RISE UP AS WORLD NUMBER ONE EXPORTER to feed 8 billion people across the planet..
The Indian are already preparing for the coming Diwali…
Robert Kuok Hock Nien (simplified Chinese: 郭鹤年; traditional Chinese: 郭鶴年; pinyin: Guō Hènián; born 6 October 1923), is a Malaysian business magnate and investor of Chinese descent. According to Forbes, his net worth is estimated at USD12.6 billion as of April 2021, making him the wealthiest person in Malaysia and 104th wealthiest in the world.As of April 2019, according to the Bloomberg Billionaires Index, Kuok has an estimated net worth of $18.4 billion, making him the 53rd richest person in the world.
Kuok is media-shy; most of his businesses are privately held by him or his family. Apart from a multitude of businesses in Malaysia, his companies have investments in many countries throughout Asia. His business interests range from sugarcane plantations (Perlis Plantations Bhd), sugar refineries, flour milling, animal feed, oil, mining, finance, hotel (Shangri-La Hotels and Resorts), property, trading, freight and publishing. His biggest source of wealth is a stake in Wilmar International, the world's largest listed palm oil trader company.
Note: His biggest source of wealth is a stake in Wilmar International, the world's largest listed palm oil trader company.
SO THE RICHEST MAN IN MALAYSIA IS NOT BANKER, GLOVE, REAL ESTATE, PETROLEUM, TECHNOLOGY BUT PALM OIL. YES! PALM OIL MADE ROBERT KUOK THE NUMBER ONE RICHEST PERSON IN MALAYSIA
Robert was holding Palm oil when prices were as low as RM 1,000 per ton (or lower) for CPO in early days Now over RM5,000 in uncharted territory. Now Palm oil is at New World Record Prices in Multi Year Highs they are rewarded for their patience Robert has already succeeded and became legends in his time. Now we are starting to stand on their shoulders to SEE what Palm oil can do for us as it has done for him during his time of success. And the good times for Palm oil has returned.
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....
kong73
2,065 posts
Posted by kong73 > 2021-10-14 10:27 | Report Abuse
FGV price is undervalued despite high CPO price until next year 2022