Bursa should give FELDA (biggest shareholder holding over 75%) a force sell ultimatum to bring their holding in FGV back to 75% at the very least within a week, or make a general takeover. Are those in Bursa who are in charge under instructions from higher up to take it easy?
Some consider to buy cheap, some consider to get out a stagnant stock. They are still trying to takeover the stock until the EPS of 15c the upcoming QR release?
Only need another 2,400,000 for FELDA to be holding 80% . Forget about the public shareholding spread. Who is in charge? Is Bursa the regulator or a puppet for FELDA because of someone else pulling some strings? If I am not mistaken it is illegal to keep accumulating towards 80% without making a GO. I suppose rules are meant to be broken if you can get way with it.
It is Felda manipulating this counter today. Good question is are they selling and taking a decent profit or are they secretly buying to get over the threshold before Bursa wakes up.
i felda is slowly trying to collect up to 90% shareholding..by then stock price would go beyond $2…i wonder who are the silly ones disposing at this price..
Never, FELDA is not silly enough to push it that high. They already got enough control to manipulate it if needed to, any way they want. $2.00 Is only possible with a GO.
With the strangle hold of the tight shareholding by FELDA, there is ONLY one sifu, expert, analyst, etc, in this, and that is FELDA. Better believe it. If they want it up it will be up. Forget about CPO, quarterly results or technical analysis like the "white marubozu candlestick". The call is with FELDA. Since when is the CPO increase or positive quartly reports reflected in the price? Only thing for sure is a GO, which will happen sooner or later.
FGV Holdings is set to trend upwards further as it firmly breached the immediate resistance of MYR1.55 last Friday – printing a neutral “White Marubozu” bullish candlestick. If the breakout is maintained above that level, we expect the stock to rise further towards the MYR1.78 point – the highest level since Aug 2018, followed by the MYR2.00 threshold. In the event it drops below the MYR1.48 support, the stock may resume its downtrend, beneath the 21-day average line.
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....
jolynce
547 posts
Posted by jolynce > 2022-02-08 20:13 | Report Abuse
what's wrong with this counter? After umpteen months, still lower than my selling price,
despite palm oil prices reaching all time high? HUH?