Can't see this going down to 0.90 with Ge15 around the corner. It will stabilise at current price level until after GE15. Best results for this company is a BN wipe out .
No cerita. Everything abt this counter is fake show. Try to squeeze and scare weak holders to sell cheap. Next GO will be at least RM1.50. Just buy when cheap.
Look like everyone is still hoping for a higher GO. I would think this will not happen. They maybe just let it suspended and your share will be stuck there. Lots of company which does not follow the requirement will at the end de-listed by bursa and they keep mentioning about their intention not to maintain listing. Good luck.
I sure hope Bursa suspend them asap. Now they are doing nothing like a lame and cacat regulator. Also hope somebody make FGV an election issue on how Felda has ripped off investors, shareholders, pakciks and makciks settlers.
Haha, price movement so manipulated and fake. With palm oil price and other plantation counter going up again, FGV is going back down to its previously failed GO price of RM1.30 back in early 2021. Obviously using friendly party accounts to depress share price by parking large sell orders to entice weak holders to sell to friendly parties parking at the buy side. Typical scaremongering and manipulating tactics parking on both sides using different cds accounts to collect cheaply. Don't fall for such tricks. Collect cheap and beat them at their own game. Bursa and SC, as you watching and learning how they do manipulation?
Fake show on again. Matching in 100 units or sudden withdrawal of large sell or buy orders without any matching. Felda controls more than 80%. They will manipulate however they want to for their evil motive of enticing balance minority shareholders to sell cheap. Don't let them win. Just hold on to your shares or buy more.
I know another GO is a matter of time but don't know when. Because Felda has said many times die die they want to delist it. I suspect the new GO will be at least RM1.50 but don't know how much. Because anything less will fail again just like in early 2021.
Malaysia’s crude palm oil (CPO) stocks rose 2.63 per cent to 1.31 million tonnes in October 2022 from 1.28 million tonnes in the previous month on higher production, according to the Malaysian Palm Oil Board (MPOB).
In a statement today, it said processed palm oil inventory grew 5.11 per cent month-on-month (m-o-m) to 1.09 million tonnes from 1.04 million tonnes in September 2022.
"The total palm oil stocks expanded 3.74 per cent to 2.40 million tonnes from 2.32 million tonnes previously,” it said.
On production, MPOB said CPO output was 2.44 per cent higher at 1.81 million tonnes in October 2022 versus 1.77 million tonnes in September 2022
MPOB said CPO imports in October 2022 rose 4.74 per cent m-o-m to 6,601 tonnes against 6,302 tonnes in the previous month while total palm oil imports contracted 49.85 per cent m-o-m to 66,349 tonnes from 132,303 tonnes in the preceding month
Old article but still good to show what useless and lame regulator we have. Can allow them to drag their feet and take their own sweet time eventhough have rejected their extension months ago. What's the point Bursa and SC? Is there a deadline?
QR just announced with EPS 6.62 sen is better than Innoprise and HS Plant for example. Why FGV below them in share price? Need to change PM to Muhyiddin?
FGV Holdings Bhd is expecting to close out 2022 with a strong annual result on the back of improvements in its operating performance.
According to the plantations group, the sector is expected to remain resilient in 4QFY22 with a flat crude palm oil (CPO) production projection of 18.3 million tonnes.
It added that CPO prices are expected to average about RM4,000 per tonne in the final quarter despite increased supply from seasonally higher fresh fruit bunch (FFB) output as well as stockpiles in exporting countries such as Indonesia.
"Our improved operating performance for 9M FY2022 is mainly attributed to higher palm product margins due to higher CPO price realised and higher throughput and tonnage carried by the Logistic Sector," said FGV group CEO Datuk Nazrul Mansor in a statement.
For the nine months ended Sept 30, 2022, FGV recorded a net profit of RM984.93mil, a 40.15% increase over the same period in 2021.
Earnings per share for the three quarters was 27 sen, up from 19.26 sen in the 9MFY21.
The group's revenue rose to RM19.46bil, 45.34% improved year-on-year (y-o-y).
Despite the year-to-date earnings growth, the group's 3Q net profit was 39.4% lower y-o-y at RM241.67mil due to losses incurred in the sugar sector and lower CPO and processed palm oil sales volume in the plantation sector.
The group's revenue was 16.3% higher y-o-y at RM6.18bil on the back of the higher average CPO prices realised.
Today beside Energy and Techs, Plantation counter also did well. So, beside FKLI Dec Future Index, Mabel also secured FCPO Jan 2023 Future Contract. Another gap-up happened yesterday which validated earlier bullish expectation FCPO despite current weak price action.
Mabel took the opportunity to buy 1 Contract at RM 4080 today. Currently it is trading at RM 4117 with continuation to trade above the 10 EMA average lines suggesting the overall momentum remains elevated. This is great as it represents profits to Mabel’s FCPO trading account. She expects the FCPO to continue to trade higher in the near term.
She plans to lock her profit between RM 4,365 and RM 4,495. There will be enough Mabel Oil for everyone for Next Year Chinese Year..
Even with new govt, regulators are still sitting on their butt allowing Felda and FGV to carry on like business as usual despite their long standing non compliance. Let me get in touch with MOF.
Very true. But what is more true is that FGV is a very controlled and "manipulated" counter. All things considered, I agree it is a buy. At this price, the risk is minimal. Take some calculated risk guys. That's how money is made. Even if price remains flat or goes down, just enjoy the high div yield. Have a great new year. Cheers.
Weather is beautiful today at our Plantation. As we about to cross 2022 checker flag, one of Mabel Sarawak Plantation has given dividend payment of RM0.10 per share, and in the last 12 months, the company paid a total of RM0.30 per share. Looking at the last 12 months of distributions, Ta Ann Holdings Berhad has a approximately 7.7% on its current stock price of MYR3.90. Dividends are a one of major sources of income for us farmers.
Life is so beautiful...
Hujan Emas 5G Techs sedang berkembang Hujan Emas Banking sedang berlari lari Hujan Emas O&G sedang bergelombang Hujan Emas Sawit berbunga berseri seri
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....
Undi_PH
145 posts
Posted by Undi_PH > 2022-10-05 17:13 | Report Abuse
FGV fails to strike out counterclaim by five former directors, including Ismee, over Asian Plantations acquisition
https://www.theedgemarkets.com/article/fgv-fails-strike-out-counterclaim-five-former-directors-including-ismee-over-asian