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..
Don't go chasing it. That is exactly what they want us to do "PLAYING US". Could be another 2 years + possibility another 2 years of extension.. If Bursa is not going to issue an ultimatum, there is nothing stopping FELDA from sitting on that excess and keep on manipulating the price and collecting the dividends. They have got that much volume to play with.
All these facts of good results in CPO prices for the last 2 years has not shown any coorelation to their price. It might show some improvement in other palm oil company but not FGV.
Of the 8 planters Mabel track, 6 came in above expectation, while the remaining 2 were within our expectation. During the quarter, all plantation players registered significantly higher core earnings on YoY basis, boosted mainly by sharply higher palm product prices. Maintain 2022-24 CPO price assumptions of RM5,500/4,500/4,500 per tonne and OVERWEIGHT stance on the sector. Top Malaysian picks are FGV, IOI Corp, KLK, and Sime Darby Plantation. Yes lah, FGV will produces more good babies..
Meow Meow Meow
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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....
8888_
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Posted by 8888_ > 2022-05-20 12:29 | Report Abuse
No wonder stock picks competition lose money haha.