Love the correction. Can buy cheap cheap. Whatever oil Indonesia going to export will still be not enough for the world. Imagine the population of India, Bangla, Pakistan, Africa, etc. All need to eat. The market for palm oil is so big.
The current Indonesian production is no longer sufficient for its internal consumption!
Indonesians are slowly moving up in consumption value chain and are adopting cooking via oil as base instead of boiling, stewing or grilling their food.
Imagine 220mil population which has the quickest rate of migration to middle class in the world in last decade, takes up more of CPO!
The issue w FGV is that its a cornered stock w FELDA owning close to 80%. FELDA is unwilling to privatise it despite great CPO outlook for good 6 mths once the UKRANIAN - RUSSIA war is over
Since Felda already own so much and not willing to privatise, this will be a high div yield stock. This will flow the bulk of the money earned by FGV back to them.
FGV Registered Profit Before Tax (PBT) of RM501 million in 1Q FY2022 KUALA LUMPUR, 31 May 2022 – FGV Holdings Berhad (FGV) posted a profit before tax (PBT) at RM501 million in its first quarter ended 31 March 2022, a significant improvement compared to RM15 million last year. This is mainly contributed by higher margin of palm products, downstream, fertilisers and logistic business.
Are they working to get the price down to below 1.30 so they can make another GO @ 1.30 or even @ 1.40 before the expiration of the generous continuous extension granted of 6 months on 3rd August. Absolutely unfair to take advantage of shareholders who did take up the offer before.
Ridiculous! Have they done anything. Should be performance link. That is what happen when FELDA has the controlling interest and has not corrected it since the GO. Straight abuse and manipulation of minority shareholders. Wake up BURSA. By the way, anybody from FGV gone to jail yet?
“This is not only most excessive in troubled economic times, but downright obscene, and must be smacked down by the Cabinet and Parliament,” he said.
Well, at least there is someone who is thinking what I am thinking. OBSCENE! What happen to the opposition leader? Why do we need a retired leader to make a comment like this.
@moneyontheway, I have no idea man. But one thing for sure is definitely will be taken private. Already Felda said many times don't intend to maintain listing. When and at what price I don't know. I suspect it will be sooner rather than later. Another thing for sure is that dividend this year will be at least 10 sen from 8 sen last year. Major shareholder Felda wants more money to flow upwards ma since they hold more than 80%.
Surely no more extensions. If I can recall, that will end up with 4 lots of 6 months extensions and the share price is still back where it is! Still got a GE15 to deal with.
They have another month (until 3rd August) to manipulate the share price to a reasonable level to enable them to make another GO. Pretty sure it will crack below the 1.50 very soon. They will need to maintain the price for at least a week to work out the WAP to be used for the GO, which is probably 10-15% above that.
Does anybody know if Bursa can force sell the excess % of shareholding by Felda, like in a margin call force sell by a broker? If you do not have the power to exercise the rules then nothing will be done. Needs an ULTIMATUM.
Mabel's FGV has come up with a line up delicious yogurt. Lots of selections. Happy to buy another Malaysian made products. Mabel love the Vanilla flavour..
FGV even give you a lucky draw if you buy more than RM 20 worth of yogurt. Won Mabel a Nice Bag..
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....
lionel messi
641 posts
Posted by lionel messi > 2022-05-09 16:23 | Report Abuse
Love the correction. Can buy cheap cheap. Whatever oil Indonesia going to export will still be not enough for the world. Imagine the population of India, Bangla, Pakistan, Africa, etc. All need to eat. The market for palm oil is so big.