Posted by lofan73 > 2022-03-30 19:10 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE AND PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

FGV HOLDINGS BERHAD
TypeAnnouncementSubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONSDescriptionPROPOSED RENEWAL OF SHAREHOLDERS' MANDATE AND PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

The Board of Directors of FGV Holdings Berhad (the Company) wishes to announce that the Company intends to seek its shareholders' approval at the forthcoming 14th Annual General Meeting of the Company for the Proposed Renewal of Shareholders’ Mandate and Proposed New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. A circular setting out the details of the above will be issued to the shareholders of the Company in due course. This announcement is dated 30 March 2022.




Announcement Info

Company NameFGV HOLDINGS BERHADStock NameFGVDate Announced30 Mar 2022CategoryGeneral Announcement for PLCReference NumberGA1-30032022-00032

Posted by Mabel > 2022-03-30 23:52 | Report Abuse

Let's hope they push FGV by Raya time..

Would be nice to have Raya Angpow kan...

Meow

Posted by strattegist > 2022-03-31 14:01 | Report Abuse

steady... meowwwwwwwww

Posted by calvintaneng > 2022-03-31 21:16 | Report Abuse

Nice dividend

Posted by kevinobc > 2022-04-01 16:20 | Report Abuse

https://www.businesstimes.com.sg/energy-commodities/indonesia-malaysia-to-determine-global-pricing-for-palm-oil

Posted by kevinobc > 2022-04-01 16:21 | Report Abuse

[JAKARTA] Malaysia and Indonesia agreed that global prices of palm oil should be determined by the two biggest producers and they should not compete, Prime Minister Ismail Sabri Yaakob said after meeting Indonesia's President Joko Widodo on Friday.

Palm oil prices were among several issues the two leaders discussed in their meeting in Jakarta, he said, without elaborating further on the palm oil discussion.

"Price of palm oil should be determined together by Malaysia and Indonesia and there should be no competition in terms of pricing because Malaysia and Indonesia are the two countries that control the total palm oil exports," Ismail Sabri said.


The two South-east Asian nations account for roughly 85 per cent of the world's palm oil production.

However, top producer Indonesia is struggling to control cooking oil prices at home as producers refer to global prices in their production costs. Authorities have previously said domestic and international prices should not be linked.

Indonesia had earlier this year restricted export volumes and capped crude palm oil and olein prices sold at home but later scrapped the policies. REUTERS

Posted by Mabel > 2022-04-05 11:30 | Report Abuse

Palm Oil Inventories in the world’s second-largest producer, Malaysia are forecast to 1.53 million tonnes, rising for the first time in five months. Exports are seen rising 6.3% to 1.17 million tonnes, in line with estimates from cargo surveyors showing a rise in shipments to top buyers India and China.

Exports rose at the back of strong demand for palm olein particularly in the Middle East and countries with large Muslim populations to meet rising demand ahead of the Ramadan fasting month. Countries like Egypt, Iran and Saudi Arabia which typically rely on sunflower oil had to switch to buying palm to meet the strong seasonal demand. Shipments of palm oil to the region will remain strong in April.

Global supply of sunflower oil has taken a hit after Russia’s invasion of Ukraine damaged port infrastructure and disrupted supply of the edible oil from the key Black Sea region, forcing buyers to seek alternatives. In April, a sustained rise in production aided by favourable weather outlook will keep prices under pressure, but the behaviour in crude oil prices will keep palm prices in check

Posted by Tobby > 2022-04-05 17:46 | Report Abuse

I do have some FGV! My rational is that FGV has the biggest palm bank compare to the rest!

Posted by Tobby > 2022-04-05 17:46 | Report Abuse

This is not a recommendation! Just sharing!

Posted by Poh Chye > 2022-04-06 08:04 | Report Abuse

Anyone has any idea what happened to the RM1.5B impairment on FGV's investment in Eagle? Will this be recovered

Posted by moneyontheway > 2022-04-06 09:15 | Report Abuse

Tobby, how much did you buy FGV? any idea what will happen after August 3rd?

Posted by strattegist > 2022-04-06 10:02 | Report Abuse

kebun sawit subur menghijau

Posted by strattegist > 2022-04-06 10:02 | Report Abuse

Mambang sawit manyak hepi hepi

Posted by purple70 > 2022-04-06 12:52 | Report Abuse

Poh Chye - If Eagle is in Palm Oil upstream business, obviously with the uptrend in Palm Oil prices, these impairment need not be at such a level, thus reversal on impairment could be booked.

Quantum, it depends on the basis and assumptions used

Posted by purple70 > 2022-04-06 12:56 | Report Abuse

AT prices since the last month, FELDA should have enough shares directly or with friendly parties to announce takeover of FGV. With almost 80% direct interest and sufficient in friendly hands, VGO is just a mtter of time...but why is FELDA boss Wahid who is also BURSA Chairman, keeping so quiet!

Posted by Poh Chye > 2022-04-06 13:21 | Report Abuse

Thanks purple70, they is no mention on the latest on Eagle investment? Also, you rightly pointing out the conflict of interest

Posted by kevinobc > 2022-04-06 15:24 | Report Abuse

https://www.theguardian.com/business/2022/apr/05/food-price-rises-ukraine-war-cooking-oil

Posted by Mabel > 2022-04-06 16:02 | Report Abuse

KUALA LUMPUR (April 6): RHB Retail Research said FGV Holdings Bhd is set to propel towards the 52-week high, as it formed a technical breakout above the RM1.98 consolidation level on Tuesday (April 5), with a “White Marubozu” bullish candlestick.

In a trading stocks note on Wednesday, the research house said that coupled with the “higher high” bullish structure, the buying pressure above that level may drive the stock towards the 52-week high of RM2.12, followed by RM2.52, the highest point since September 2016.

“Meanwhile, a fall below the next support level of RM1.88 may trigger the resumption of a downward correction, as it forms a 'lower low' bearish structure beneath the 21-day average line,” it said.

Posted by 8888_ > 2022-04-07 08:56 | Report Abuse

Felda chairman is Idris Jusoh UMNO politician not Wahid Omar.

Posted by chongming > 2022-04-07 15:05 | Report Abuse

CPO ALL TIME HIGH SOON

Posted by maska > 2022-04-07 17:02 | Report Abuse

FGV is UMNO darling

Posted by Mabel > 2022-04-08 06:33 | Report Abuse

Hahaha very solid company..

Very positive P&L...

Wonder what happened to Mickey Mouse and DickyMe..

Hope both of them still have their panties on..

Meow Meow Meow

Posted by 8888_ > 2022-04-11 10:27 | Report Abuse

Sunflower oil shortage due to Ukraine-Russia war buyers must turn to CPO?

Posted by strattegist > 2022-04-11 15:59 | Report Abuse

steady

Posted by calvintaneng > 2022-04-13 08:20 | Report Abuse

FGV = Full golden value

Posted by wallstreetrookie > 2022-04-13 13:32 | Report Abuse

Do not sell

Posted by Mabel > 2022-04-13 22:43 | Report Abuse

So steady...

Meow

Posted by 8888_ > 2022-04-14 11:07 | Report Abuse

YTD CPO output still higher than 2021.

Posted by Richman1688 > 2022-04-14 12:00 | Report Abuse

Sell FGV similar like 1mdb stock eat sleep only

Posted by Richman1688 > 2022-04-14 12:02 | Report Abuse

Can’t trust for this company, serbadk is good example

Posted by markgold > 2022-04-14 12:04 | Report Abuse

Not only this company, most of the GLC companies.

Posted by Richman1688 > 2022-04-14 12:04 | Report Abuse

You know la, puasa time need use a lot money also

Posted by nicholas99 > 2022-04-14 12:06 | Report Abuse

yeah usualy before raya they will sell for duit raya.

Posted by Richman1688 > 2022-04-14 12:13 | Report Abuse

Wake-up every one , this company only know eat sleep only, if you like plantation stock , convert other stock better

Posted by Richman1688 > 2022-04-14 12:14 | Report Abuse

After raya want to sell clear credit card and buy car only

Posted by Richman1688 > 2022-04-14 12:44 | Report Abuse

Buy FGV like play money game now, You always don’t know their what to do, you only gamble play Hope this Umno company will goreng up only, sell convert other before too late! Trust FGV like trust Money game! Hopeless Less than Human company

Posted by 8888_ > 2022-04-14 15:10 | Report Abuse

Labour shortage behind CPO price surge? Since Felda is government owned company why not FGV get preference in labour recruitment?

Posted by MONEYUP > 2022-04-14 15:16 | Report Abuse

January bought Fgv and Inno, 35%and 40%increasing.not much different. maybe who just get in last week will feel this fgv cheating.

Posted by markgold > 2022-04-14 15:51 | Report Abuse

Changing to other plantation counters and so that can sleep soundly.

Posted by Mabel > 2022-04-14 19:51 | Report Abuse

Today Mabel decided to top up FGV...

Posted by Mabel > 2022-04-14 22:47 | Report Abuse

CRUDE PALM OIL FUTURES (FCPO) ACTIVE CONTRACTS, DAILY CANDLESTICK CHART (MYR6,135)

The selling pressure was mild as the ongoing trend structure remained supportive thus suggesting the uptrend is set to resume once the ongoing selling pressure normalizes.

Posted by Richman1688 > 2022-04-15 09:08 | Report Abuse

SELL before too late

Posted by Mabel > 2022-04-15 18:04 | Report Abuse

... and miss the fun?

Posted by manahin > 2022-04-15 18:23 | Report Abuse

Cpo up! , rubber up! No worries ....

Posted by 8888_ > 2022-04-18 10:06 | Report Abuse

CPO up why FGV down? No promoters is it?

Posted by 8888_ > 2022-04-18 10:12 | Report Abuse

HLBank Research Highlights
Author: HLInvest
|

Latest Post: Mon, 18 Apr 2022, 09:24 AM
This blog publishes research reports from Hong Leong Investment Bank

Plantation - 1-year Low Stockpile
Author: HLInvest
|

Publish date: Tue, 12 Apr 2022, 09:36 AM
Palm oil stockpile declined further, by 3.0% MoM to 1.47m tonnes in Mar-22, as output recovery was more than offset by higher exports and domestic consumption, coupled with lower imports. Maintain 2022-24 CPO price assumptions of RM4,300/3,300/3,300 per tonne. We believe palm oil prices will remain at elevated levels (possibly until 1H22), supported by (i) weaker production outlook for corn and soybean in South America, and (ii) geopolitical tension, which will likely result in supply disruption in sunflower and rapeseed oils., as well as protracted fertiliser supply. As such, we reiterate our OVERWEIGHT stance on the sector. Top picks remain FGV (BUY; TP: RM2.43); IOI Corp (BUY; TP: RM5.09), KLK (BUY; TP: RM32.43) and Sime Darby Plantation (BUY; TP: RM5.95).

DATA HIGHLIGHTS
Stockpile continued to trend down. Palm oil stockpile remained on downtrend (for the fifth consecutive month), declining by 3.0% MoM to 1.47m tonnes in Mar-22, as output recovery was more than offset by higher exports and domestic consumption, coupled with lower imports. The stockpile came marginally lower than Bloomberg consensus median estimate of 1.49m tonnes.

Output rebounded… By 24.1% MoM to 1.41m tonnes in Mar-22, as output contribution from all key producing states recovered from seasonal factor. Cumulatively, CPO output inched up by 3.9% YoY to 3.8m tonnes in 1Q22, driven mainly by an output surge in Jan-22.

Exports rebounded too… By 14.1% MoM to 1.27m tonnes in Mar-22, due mainly to supply disruption on sunflower and rapeseed oils (arising from Russia-Ukraine conflict, which has in turn boosted demand for palm oil from India and EU, we believe), and seasonal factor (historically, China’s demand for palm oil usually picks up when winter season ends).

Exports for the first 10 days of Apr-22. Preliminary data from independent cargo surveyors Intertek and Amspec indicated that palm oil exports for the first 10 days of Apr-22 declined by 25.6-26.8% MoM, due mainly to lower demand from China, EU and Middle East.

HLIB’s VIEW
Forecast. Maintain 2022-24 CPO price assumptions of RM4,300/3,300/3,300 per tonne. We believe palm oil prices will remain at elevated levels (possibly until 1H22), supported by (i) weaker production outlook for corn and soybean in South America, and (ii) geopolitical tension, which will likely result in supply disruption in sunflower and rapeseed oils and protracted fertiliser supply (which may result in planters (in particular smallholders) reducing fertiliser application to oil palms, hence derailing the anticipated yield recovery. Over the longer term, we continue to believe that a pullback in CPO price will materialise when palm oil output recovers, which in turn hinges on the entrant of foreign workers into Malaysian shores. Based on our estimates, every RM100/mt raise in our CPO price projection will lift earnings forecasts for plantation stocks under our coverage by 3.5-15.0%.

Maintain OVERWEIGHT. We reiterate our OVERWEIGHT stance on the sector, underpinned by (i) high near term CPO prices (which will in turn translate to good near term earnings prospects), (ii) easing ESG concerns, and (iii) decent valuations. Top picks remain FGV (BUY; TP: RM2.43); IOI Corp (BUY; TP: RM5.09), KLK (BUY; TP: RM32.43) and Sime Darby Plantation (BUY; TP: RM5.95).


Source: Hong Leong Investment Bank Research - 12 Apr 2022

Posted by 8888_ > 2022-04-18 10:13 | Report Abuse

HLIB TP RM 2.43.

Posted by babanono > 2022-04-19 18:49 |

Post removed.Why?

Posted by kevinobc > 2022-04-20 09:11 | Report Abuse

https://markets.businessinsider.com/news/commodities/iceland-reverses-palm-oil-ban-as-ukraine-war-hits-food-prices-11186091

Posted by wan > 2022-04-21 10:20 | Report Abuse

cpo theme play