Posted by jeffrey1166 > 2022-12-28 16:09 | Report Abuse

can fly back rm2 above after palm oil stabil

Posted by SEE_Research > 2022-12-30 20:12 |

Post removed.Why?

Posted by EVO118 > 2022-12-30 22:00 | Report Abuse

It will take at least 2 years for it to climb up to RM2. It will not automatically get up there. It is a control stock with FELDA'S % holdings greater than what is allowed. Should be forced to make GO.

Posted by SEE_Research > 2022-12-31 02:00 |

Post removed.Why?

Posted by SEE_Research > 2023-01-02 11:09 |

Post removed.Why?

Posted by SEE_Research > 2023-01-02 11:11 |

Post removed.Why?

Posted by SEE_Research > 2023-01-02 11:13 |

Post removed.Why?

Posted by SEE_Research > 2023-01-02 22:05 |

Post removed.Why?

Posted by calvintaneng > 2023-01-02 23:13 |

Post removed.Why?

Posted by calvintaneng > 2023-01-02 23:21 | Report Abuse

https://klse.i3investor.com/web/cube/blog/blposts/see_research/SEE_Research?pub=N&_gl=1*j5f3y5*_ga*MTczNTMzMTE0MS4xNjU4NDc0MzQ5*_ga_MNBHX2J50S*MTY3MjY3MTg0MC4xMzQuMS4xNjcyNjcyNjIzLjAuMC4w

Posted by SEE_Research > 2023-01-03 02:16 |

Post removed.Why?

Posted by zackboy > 2023-01-06 10:55 | Report Abuse

What happens to the privatization? Like no news for months.

Posted by SEE_Research > 2023-01-08 10:55 |

Post removed.Why?

Posted by Mabel > 2023-01-27 01:17 | Report Abuse

https://www.theedgemarkets.com/node/653040

Thanks God Mabel is already out of FGV...

KUALA LUMPUR (Jan 26): The Federal Land Development Authority (Felda) has raised its stake in plantation giant FGV Holdings Bhd to 81.901%, after acquiring 4.3 million shares of the plantation company on the open market.

The open market purchase on Jan 18 raised Felda’s direct stake in FGV to 69.486% or 2.535 billion shares, according to FGV’s filing with Bursa Malaysia on Thursday (Jan 26). Felda also owns an indirect stake of 12.415% or 452.92 million shares in FGV.

Prior to the latest acquisition, Felda bought five million FGV shares in December last year, bringing its stake to 81.783%.

Posted by EVO118 > 2023-01-27 08:30 | Report Abuse

Surely this cannot happen without making another GO. Where are the watch dog regulators?

Posted by badprecedent > 2023-01-27 11:14 | Report Abuse

let's give the benefit of the doubt to Bursa to query latest development made by Felda on mopping up more FGV shares prior the next announcement on what course of action to be taken amid looming deadline of regulatory requirement

Posted by sk6259 > 2023-01-30 03:31 | Report Abuse

I sense that FGV has been selling and buying their own shares since the last GO where their stake remains between 80 % to 82.5% since then....

Posted by firehawk > 2023-01-30 09:28 | Report Abuse

everyday controlling the price for years already ......

Posted by Good123 > 2023-01-30 15:07 | Report Abuse

FGV Holdings - Broadly Inline
Date:
2022-12-01
Firm:
BIMB
Stock:
FGV
Price Target:
1.50
Price Call:
HOLD
Last Price:
1.35
Upside/Downside:
+0.15 (11.11%)
Overview. FGV Holdings (FGV) reported a 24.0% drop in 3Q22 PBT despite reporting a 16% increase in revenue no thanks to 1) losses in sugar segment, 2) lower profit from plantation segment on account of fair value loss in biological assets of RM38mn versus a gain of RM16mn in 3Q21, 3) lower margin in rubber business, 4) impairment loss in rubber plantation of RM20.5mn, and 5) decline in share of results from associate and joint-ventures amounting to RM0.1mn (-75% YoY) and RM10.8mn (-45% YoY). On quarterly basis, the 36% short fall in earnings was due to lower profit contribution from Plantation segments on account of lower average selling price (ASP) of CPO/PK and lower margins from fertiliser business, losses from Sugar segment and lower share of profit from associates and joint ventures.
Key Highlights. FGV said its foreign labour shortage has reduced to 28% from 38% of the total workforce in 2Q22. Note that FGV has recruited about 4,874 estates workers as of October 2022 (of which 848 are local recruitment) bringing year-to-date recruitment of foreign workers to c. 6,000 workers (yearend target of 10k workers).
Against estimates: Inline. Overall, the results were within our estimate, with core PATAMI of RM812mn (+75% YoY) making up 74% of our full year forecast. The differences between reported earnings and core earnings are the gain and/or loss in fair value (FV) change on LLA, impairment, unrealised foreign exchange and the effective tax rate.
Outlook. We see downside risk to earnings on the back of increasing operational costs, moderation in ASP of palm products and possibility of weaker production due to lower yield in lieu of prolong labour shortage. This will also be hampered by margins squeeze in sugar segment due to higher input costs and production issues in Johor refinery.
Our call. Maintain a HOLD call with a TP of RM1.50 based on P/BV of 0.81x and BV/share of RM1.85. Our TP offers a +7.3% upside potential and coupled with the privatisation initiative by FELDA, we advise investors to take any stock price rally as an opportunity to lock in their profit. Of note, as of 21 Nov 2022, FGV’s pubic shareholding spread was at 13.06%.
Source: BIMB Securities Research - 1 Dec 2022

Posted by Good123 > 2023-01-30 15:08 | Report Abuse

https://www.theedgemarkets.com/node/653040

Posted by Good123 > 2023-01-30 15:09 | Report Abuse

Dividend ok

30-Aug-2022 RM 0.0400
28-Feb-2022 RM 0.0800
26-Feb-2021 RM 0.0300
28-May-2020 RM 0.0200
23-Nov-2017 RM 0.05
25-Apr-2017 RM 0.01
27-Apr-2016 RM 0.0200
26-Nov-2015 RM 0.0200
22-May-2015 RM 0.0400
25-Aug-2014 RM 0.06
02-Jun-2014 RM 0.1
27-Nov-2013 RM 0.06
07-Jun-2013 RM 0.085
04-Sep-2012 RM 0.055

Posted by Good123 > 2023-01-30 15:10 | Report Abuse

Take private 2.50 to 3 probably

PUBLIC SHAREHOLDINGS SPREAD
FGV HOLDINGS BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description NON-COMPLIANCE WITH PUBLIC SHAREHOLDING SPREAD PURSUANT TO PARAGRAPH 8.02(1) OF THE MAIN MARKET LISTING REQUIREMENTS
We refer to the announcements dated 5 February 2021, 16 March 2021, 24 March 2021, 5 August 2021, 30 August 2021, 30 November 2021, 31 January 2022, 28 February 2022, 31 May 2022, 5 August 2022, 23 August 2022 and 30 August 2022 on FGV Holdings Berhad’s (“FGV” or “Company”) non-compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Public Spread Requirement”).

Pursuant to Paragraphs 3.3 and 3.4 of Practice Note 19 of the Listing Requirements, the Company does not currently comply with the Public Spread Requirement. As of 21 November 2022, the public shareholding spread of the Company was at 13.06%.

The Board of Directors of FGV (“Board”) intends to rectify such non-compliance with the minimum Public Spread Requirement. The Board has been engaging with FGV’s major shareholder on a regular basis for the last several months and has appointed an advisor to advise on various options to address the non-compliance with the Public Spread Requirement.

The Company will continue to make the quarterly announcements on the status of its efforts to comply with the Public Spread Requirement in compliance with the Listing Requirements.


This announcement is dated 30 November 2022.



Announcement Info
Company Name FGV HOLDINGS BERHAD
Stock Name FGV
Date Announced 30 Nov 2022
Category General Announcement for PLC
Reference Number GA1-29112022-00038

Posted by Good123 > 2023-01-30 15:10 | Report Abuse

Rising profitability

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2022
FGV HOLDINGS BERHAD

Financial Year End 31 Dec 2022
Quarter 3 Qtr
Quarterly report for the financial period ended 30 Sep 2022
The figures have not been audited
Attachments
FGV 3Q22 FInancial Results.pdf
648.4 kBFGV 3Q22 Press Release.pdf
457.0 kB
Default CurrencyOther Currency
Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2022

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2022
30 Sep 2021
30 Sep 2022
30 Sep 2021
$$'000
$$'000
$$'000
$$'000
1 Revenue
6,182,260
5,315,802
19,463,076
13,391,041
2 Profit/(loss) before tax
379,426
507,567
1,451,948
1,022,028
3 Profit/(loss) for the period
216,971
401,038
939,316
751,751
4 Profit/(loss) attributable to ordinary equity holders of the parent
241,671
399,393
984,931
702,789
5 Basic earnings/(loss) per share (Subunit)
6.62
10.95
27.00
19.26
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
4.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.6400
1.4900

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

Announcement Info
Company Name FGV HOLDINGS BERHAD
Stock Name FGV
Date Announced 30 Nov 2022
Category Financial Results
Reference Number FRA-04112022-00003

Posted by Good123 > 2023-01-30 15:11 | Report Abuse

Nta rm1.64 as at 30.9.2022, current share price rm1.36

Posted by Good123 > 2023-01-30 15:15 | Report Abuse

Flying

2023-01-27 1.34 +0.02 (1.515%)
2023-01-26 1.32 0.00 (0.00%)
2023-01-25 1.32 -0.02 (1.492%)
2023-01-20 1.34 +0.02 (1.515%)
2023-01-19 1.32 +0.01 (0.763%)
2023-01-18 1.31 0.00 (0.00%)
2023-01-17 1.31 0.00 (0.00%)
2023-01-16 1.31 -0.02 (1.503%)

Posted by Good123 > 2023-01-30 15:18 | Report Abuse

Next month probably reporting higher profit n dividend..also privatisation plan haha

The Federal Land Development Authority (Felda) has raised its stake in plantation giant FGV Holdings Bhd to 81.901%, after acquiring 4.3 million shares of the plantation company on the open market. The open market purchase on Jan 18 raised Felda’s direct stake in FGV to 69.486% or 2.535 billion shares. Felda also owns an indirect stake of 12.415% or 452.92 million shares in FGV.

Posted by firehawk > 2023-01-30 16:05 | Report Abuse

IPO=4.55, after 8 years, offer 1.30 to buy back from investors .... investors dun want to accept at low price .... then, just drag on, penalty them by cause them holding cost for years or they release their holding at controlled price .......

the best part is, no worry of violating the listing spread regulations ..... very smart bumis /GLC !

Posted by Good123 > 2023-01-30 16:28 | Report Abuse

total 12sen div / rm.136 = 8.8% div yield ... mana mau dapat

30-Aug-2022 14-Sep-2022 DIVIDEND Interim Dividend RM 0.0400
28-Feb-2022 15-Mar-2022 DIVIDEND Final Dividend RM 0.0800

Posted by Good123 > 2023-01-30 16:29 | Report Abuse

expecting higher dividend this year than 2022, states election this year :)

Posted by Good123 > 2023-01-30 16:31 | Report Abuse

OTW to privatisation :)


Name Details of Changes
Date Type No. of Shares Price
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 18-Jan-2023 Acquired 4,304,108 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 28-Dec-2022 Acquired 5,000,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 13-Dec-2022 Acquired 20,000,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 04-Aug-2022 Acquired 1,316,300 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 01-Aug-2022 Acquired 1,000,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 28-Jul-2022 Acquired 129,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 27-Jul-2022 Acquired 2,091,300 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 26-Jul-2022 Acquired 1,000,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 19-Jul-2022 Acquired 2,556,300 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 18-Jul-2022 Acquired 2,900,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 15-Jul-2022 Acquired 2,784,200 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 14-Jul-2022 Acquired 9,950,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 13-Jul-2022 Acquired 6,060,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 12-Jul-2022 Acquired 7,000,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 08-Jul-2022 Acquired 1,000,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 07-Jul-2022 Acquired 1,000,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 06-Jul-2022 Acquired 1,500,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 05-Jul-2022 Acquired 500,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 04-Jul-2022 Acquired 500,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 01-Jul-2022 Acquired 500,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 30-Jun-2022 Acquired 500,000 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 29-Jun-2022 Acquired 175,800 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 09-Feb-2022 Acquired 59,300 0.000
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 09-Feb-2022 Acquired 59,300 -
FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) 07-Feb-2022 Acquired 23,900 0.000

Posted by Good123 > 2023-01-30 16:34 | Report Abuse

they dont care... rising profitablity and continue to sapu syer although being reminded about public shareholdings spread hahaha

Wednesday, 30 Nov 2022
5:58PM
FGV PUBLIC SHAREHOLDINGS SPREAD
1:34PM
FGV Nine-month net profit 939.316 million (increased 24.95%)

Posted by Good123 > 2023-01-30 16:40 | Report Abuse

higher offer price probably that's why semakin lawless, suruh improve shareholdings spread tapi degil pulak menambah syer lagi... so, confirmed... privatisation with higher price is anytime... the authorities should pressure the largest shareholders to comply or take the co private with higher offer price... period!!!!


Felda and privatisation of FGV: No end in sighthttps://www.theedgemarkets.com › article › felda-and-p...
11 Aug 2022 — The general offer of RM 1.30 failed as the minority shareholders rejected it together with the Pahang and Sabah governments which held ...

FGV closes more than 20% higher after privatisation exercise ...https://www.theedgemarkets.com › article › fgv-share-p...
16 Mar 2021 — Investors snapped up shares in FGV Holdings Bhd after its privatisation exercise failed due to low acceptance of the takeover offer made by ...

FGV public shareholding spread: Will Bursa crack the whip?www.dagangnews.com › content › fgv-public-sh...
1 Nov 2022 — Bursa had threatened that it will delist FGV unless the 30 percent public spread issue is sorted out.

Felda may raise offer to take FGV ... - The Malaysian Reservehttps://themalaysianreserve.com › 2021/01/26 › felda-...
26 Jan 2021 — Felda's unconditional mandatory takeover offer for all the remaining shares in FGV at an offer price of RM1.30 per share remains open until 5pm ...

Posted by Good123 > 2023-01-30 16:44 | Report Abuse

grab as much as possible... durian runtuh akan datang :)

FGV Holdings Berhad engages in the agri-business in Malaysia and internationally.

About the company
Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.

Data
Learn

REWARDS
Trading at 73.3% below our estimate of its fair value

Earnings grew by 73.9% over the past year

Trading at good value compared to peers and industry

Posted by Good123 > 2023-01-30 16:51 | Report Abuse

tunggu the AUTHORITIES TO SCOLD FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA), THEN BARU OFFER HIGHER TAKEOVER PRICE,,,, DEGIL

Posted by Good123 > 2023-01-30 16:52 | Report Abuse

RM1.37 NOW, MOVING HIGHER N HIGHER

Posted by Good123 > 2023-01-30 17:44 | Report Abuse

Time Frame:
Monthly
Download Data
01/30/2021 - 01/30/2023

Date

Price

Open

High

Low

Vol.

Change %
01/01/2023 1.370 1.340 1.370 1.310 269.20K +3.79%
12/01/2022 1.320 1.350 1.370 1.300 5.81M -2.22%
11/01/2022 1.350 1.320 1.420 1.310 8.41M +2.27%
10/01/2022 1.320 1.410 1.480 1.310 13.50M -6.38%
09/01/2022 1.410 1.520 1.530 1.400 7.58M -7.24%
08/01/2022 1.520 1.510 1.560 1.500 17.93M +1.33%
07/01/2022 1.500 1.480 1.560 1.460 54.56M +2.74%
06/01/2022 1.460 1.720 1.750 1.460 16.08M -14.62%
05/01/2022 1.710 2.040 2.050 1.610 21.18M -15.76%
04/01/2022 2.030 1.970 2.110 1.910 31.74M +2.53%
03/01/2022 1.980 2.100 2.120 1.740 77.44M -2.94%
02/01/2022 2.040 1.520 2.060 1.480 78.79M +33.33%
01/01/2022 1.530 1.480 1.560 1.480 19.32M +3.38%
12/01/2021 1.480 1.490 1.510 1.450 7.96M 0.00%
11/01/2021 1.480 1.480 1.550 1.440 14.54M -1.33%
10/01/2021 1.500 1.360 1.500 1.340 31.19M +10.29%
09/01/2021 1.360 1.490 1.500 1.310 14.35M -8.72%
08/01/2021 1.490 1.320 1.550 1.300 19.85M +12.88%
07/01/2021 1.320 1.320 1.370 1.300 23.02M +0.76%
06/01/2021 1.310 1.340 1.350 1.270 28.06M -2.24%
05/01/2021 1.340 1.380 1.510 1.320 71.33M -2.90%
04/01/2021 1.380 1.350 1.440 1.330 36.95M +2.22%
03/01/2021 1.350 1.330 1.670 1.300 154.26M +1.50%
02/01/2021 1.330 1.300 1.350 1.300 96.89M +1.53%
Highest: 2.120 Lowest: 1.270 Difference: 0.850 Average: 1.495 Change %: 4.580

Posted by jeffrey1166 > 2023-01-30 22:54 | Report Abuse

coming can boost up 1.8 above

Posted by Good123 > 2023-01-31 07:21 | Report Abuse

Fgv is very profitable and growing its profit, surely its share valuation must be much higher than 2021

Posted by Good123 > 2023-01-31 07:22 | Report Abuse

FEDERAL LAND DEVELOPMENT AUTHORITY is expected to sapu from the open market nonstop and announce revised offer price anytime. This time probably rm2 & above as palm oil industry is very promising and profitable nowadays

Posted by Good123 > 2023-01-31 07:24 | Report Abuse

Ingat!!!!

RM4.55 per share
RM1.30 per share, a price deemed unattractive in view of higher crude palm oil (CPO) prices. The takeover offer price represents a discount of 71% compared to FGV's initial public offering (IPO) price of RM4. 55 per share.

Posted by Good123 > 2023-01-31 07:26 | Report Abuse

Fgv will rise further as felda ignore authority to improve shareholding share spread but instead buy more shares from the open market

SHARES of FGV Holdings Bhd are up by 28% or 37 sen to RM1.67 as at noon today, after the Federal Land Development Authority (Felda) fell short of its bid to raise its shareholding to more than 90% in a mandatory takeover offer that ended yesterday.

At about noon, the stock was priced at RM1.61 per share, with 46.1 million shares changing hands.

Felda launched the takeover offer on Dec 8 last year at RM1.30 per share, a price deemed unattractive in view of higher crude palm oil (CPO) prices. The takeover offer price represents a discount of 71% compared to FGV’s initial public offering (IPO) price of RM4.55 per share.

Posted by Good123 > 2023-01-31 07:27 | Report Abuse

At least rm2 new offer price... Still 50%++ discount from ipo price rm4.55


Grab more for quick capital appreciation :)

Posted by Good123 > 2023-01-31 08:03 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
FGV HOLDINGS BERHAD

Particulars of substantial Securities Holder
Name FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA)
Address LEVEL 47, MENARA FELDA, PLATINUM PARK,
NO. 11, PERSIARAN KLCC
KUALA LUMPUR
50088 Wilayah Persekutuan
Malaysia.
Company No. LDO20OF1956
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 18 Jan 2023
4,304,108
Acquired Direct Interest
Name of registered holder FELDA
Address of registered holder LEVEL 47, MENARA FELDA, PLATINUM PARK, NO. 11, PERSIARAN KLCC, 50088 KUALA LUMPUR
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred A total acquisition of 4,304,108 shares from open market.
Nature of interest Direct Interest
Direct (units) 2,534,941,799
Direct (%) 69.486
Indirect/deemed interest (units) 452,921,192
Indirect/deemed interest (%) 12.415
Total no of securities after change 2,987,862,991
Date of notice 25 Jan 2023
Date notice received by Listed Issuer 26 Jan 2023


Announcement Info
Company Name FGV HOLDINGS BERHAD
Stock Name FGV
Date Announced 26 Jan 2023
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-26012023-00017

Posted by Good123 > 2023-01-31 08:04 | Report Abuse

The Federal Land Development Authority (Felda) has raised its stake in plantation giant FGV Holdings Bhd to 81.901%, after acquiring 4.3 million shares of the plantation company on the open market. The open market purchase on Jan 18 raised Felda’s direct stake in FGV to 69.486% or 2.535 billion shares. Felda also owns an indirect stake of 12.415% or 452.92 million shares in FGV.

Posted by Good123 > 2023-01-31 08:05 | Report Abuse

Dah mau trigger MGO... Get ready guys :)

Posted by Good123 > 2023-01-31 08:06 | Report Abuse

Fgv too undervalued, pe cuma 3+, chin teck plantation pe 7+

Posted by Good123 > 2023-01-31 08:07 | Report Abuse

Fgv should be rm2.50 to 3 if mau lebih kurang sama pe sykt perladangan sawit lain

Posted by lionel messi > 2023-01-31 08:29 | Report Abuse

You are right Good123. It's coming.

Posted by Good123 > 2023-01-31 08:33 | Report Abuse

Boom time for FGV

KUALA LUMPUR, 30 November 2022 – FGV Holdings Berhad (FGV) recorded a significant jump in profit before tax (PBT) of RM1.49 billion for the Group’s nine-month period ended 30 September 2022 (9M FY2022), compared to RM1.02 billion in the same period last year.

The Group’s revenue rose by 45 percent year-on-year (Y-o-Y) to RM19.46 billion compared to the previous RM13.39 billion, while Profit After Tax & Minority Interests (PATAMI) grew by 40 percent to RM985 million from RM703 million.

FGV’s operating profit also increased 53 percent to RM1.78 billion Y-o-Y in 9M FY2022 compared to RM1.16 billion reported in the previous corresponding financial period.

Dato’ Nazrul Mansor, FGV’s Group Chief Executive Officer said, “I am pleased to report that the Group is on course for a strong close this financial year. Our improved operating performance for 9M FY2022 is mainly attributed by higher palm products’ margins due to higher Crude Palm Oil (CPO) price realised and higher throughput and tonnage carried by the Logistic Sector.”

Posted by lionel messi > 2023-01-31 08:35 | Report Abuse

I wonder who are the sellers who sold to Felda so cheaply. So bodoh one. Tak masuk akal. Don't sell to them. Don't let Felda grab everything cheaply. Fight them.