Probably retailers, gain 1-2sen to minum kopi and sell all back cheaply
@lionel messi
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.
KUALA LUMPUR, Jan 30 (Reuters) - Malaysian palm oil futures extended gains on Monday for a third consecutive session, underpinned by worries that floods would hurt output in the world's second largest producer.
Greater China BYD (1211 HK, -2.68%) expects its 2022 net profit of Rmb16b-17b ($2.37b2.52b), more than five-fold when compared to the prior year. Baidu (BIDU US, -0.4%) is planning to roll out an AI chatbot service similar to OpenAI’s ChatGPT, according to a person familiar with the matter. China's non-manufacturing PMI jumped to 54.4 in Jan from Dec’s 41.6, beating expectations. The factory index rose to 50.1 in Jan from 47 in the prior month.
Summary from 28/06/2012 to 18/01/2023 Highest Price 5.5600 First Occurred on 16/07/2012 Lowest Price 0.7200 First Occurred on 12/12/2018 Highest Volume 182.402m First Occurred on 12/05/2014
Eksport minyak sawit dijangka meningkat 3.7 peratus kepada 16.30 juta tan metrik pada 2023 daripada 15.72 juta tan metrik pada tahun lepas. #AWANInews #AWANI745
Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears PUBLISHED TUE, JAN 31 20235:07 AM ESTUPDATED 2 HOURS AGO thumbnail Silvia Amaro @SILVIA_AMARO
FGV (Neutral, TP: RM1.61): Plans to penetrate Perak market with alma poultry feed. There are plans for 'kampung chicken' or native chicken feed brand ALMA, developed by FGV Integrated Farming SB to explore the Perak market by using the existing distribution network in an effort to reduce the dependency on imported poultry feed. FGV Holdings said the move was through the cooperation of strategic partners such as FELDA, Felda Capital Cooperative (KPF) and BERNAS. (BTimes)
FGV (Neutral, TP: RM1.61): Hire additional 16,000 migrant workers by end 2023. FGV Holdings is recruiting an additional 16,000 migrant works to resolve its labour shortage issue for its plantation business by end 2023. The workers recruited from source countries such as India, Indonesia and Nepal will further strengthen the company's growth trajectory via an expected increase in its plantation yields and productivity. FGV received 4,980 workers from India and Indonesia in Oct and expects another 3,000 workers in Nov. The company's recruitment began in July and to date has recruited 68% of the workers. It expects to welcome 10,000 additional new recruits by year end and another 6,000 workers by 2023. (StarBiz)
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
FGV HOLDINGS BERHAD Unaudited Condensed Consolidated Statement of Comprehensive Income for the Quarter ended 30 September 2022 The unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying explanatory notes attached to this quarterly report and the audited financial statements for the financial year ended 31 December 2021. Quarter ended Year to date ended 30 September 30 September Note 2022 2021 % 2022 2021 % RM’000 RM’000 +/(-) RM’000 RM’000 +/(-) Revenue 6,182,260 5,315,802 16.3% 19,463,076 13,391,041 45.3% Cost of sales (5,414,494) (4,488,376) (16,910,606) (11,665,559) Gross profit 767,766 827,426 -7.2% 2,552,470 1,725,482 47.9% Other operating income 35,227 14,553 109,437 76,537 Selling and distribution costs (68,988) (66,104) (193,598) (139,219) Administrative expenses (225,708) (192,651) (619,255) (564,154) Reversal of impairment/(impairment loss) of financial assets (net) 16,919 (7,247) 2,752 (7,592) Other operating expenses (44,514) (13,919) (53,913) (28,609) Commodity (losses)/gains - net (44,397) 73,466 (22,656) 97,202 Operating profit 436,305 635,524 -31.3% 1,775,237 1,159,647 53.1% Fair value changes in Land Lease Agreement (“LLA”) liability (51,354) (107,036) (268,344) (70,439) Operating profit after LLA 15 384,951 528,488 -27.2% 1,506,893 1,089,208 38.3% Finance income 9,403 3,309 16,598 13,347 Finance costs (19,781) (43,977) (82,990) (112,502) Share of results from associates 130 531 1,134 978 Share of results from joint ventures 10,768 19,718 45,176 33,418 Profit before zakat and taxation 385,471 508,069 -24.1% 1,486,811 1,024,449 45.1% Zakat (6,045) (502) (34,863) (2,421) Taxation 16 (162,455) (106,529) (512,632) (270,277) Profit for the financial period 216,971 401,038 -45.9% 939,316 751,751 25.0% Profit attributable to: - Owners of the Company 241,671 399,393 -39.5% 984,931 702,789 40.1% - Non-controlling interests (24,700) 1,645 (45,615) 48,962 216,971 401,038 -45.9% 939,316 751,751 25.0% Other comprehensive income/(loss) Actuarial gains/(loss) on defined benefit plan 477 (1) 585 319 Fair value changes of financial assets at fair value through other comprehensive income (“FVOCI”) (12,436) 60 (6,826) (4,337) Share of other comprehensive income/(loss) of joint ventures 3,062 120 6,659 (553) Currency translation differences 34,205 (1,953) 64,314 23,566 Cash flow hedges 677 1,090 3,159 4,049 Other comprehensive income/(loss) for the financial period, net of tax 25,985 (684) 67,891 23,044 Total comprehensive income for the financial period 242,956 400,354 -39.3% 1,007,207 774,795 30.0% Total comprehensive income attributable to: - Owners of the Company 270,354 401,402 -32.6% 1,058,341 726,962 45.6% - Non-controlling interests (27,398) (1,048) (51,134) 47,833 Total comprehensive income for the financial period/year 242,956 400,354 -39.3% 1,007,207 774,795 30.0% Earnings per share for profit attributable to the Owners of the Company: Basic (sen) 6.62 10.95 27.00 19.26
The price of CPO has a greater effect on planters’ earnings than output growth, says RHB Research.
PETALING JAYA: The earnings trend for planters in Malaysia and Indonesia for the upcoming fourth quarter results of 2022 (4Q22) will likely vary due to the changes in tax structure by Indonesia in mid-November 2022.
According to RHB Research, 4Q22 is likely to bring mostly in-line earnings for most players, based on its estimates of production output alone.
“Two may outperform forecasts based on fresh fruit bunch (FFB) output, namely, Kuala Lumpur Kepong Bhd (KLK) and FGV Holdings Bhd, while one such as IOI Corp Bhd could post disappointing numbers due to weak FFB.
5222 FGV FGV HOLDINGS BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of Shareholder Name : FEDERAL LAND DEVELOPMENT AUTHORITY (FELDA) NRIC/Passport No./Company No. : LDO20OF1956 Nationality/Country of Incorporation : Malaysia Address: LEVEL 47, MENARA FELDA, PLATINUM PARK, NO. 11, PERSIARAN KLCC 50088 KUALA LUMPUR Wilayah Persekutuan Malaysia Descriptions (Class and Nominal Value): Ordinary Shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 25/01/2023 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 18/01/2023 Acquired 4,304,108 - Circumstances by reason of which change has occurred: A total acquisition of 4,304,108 shares from open market. Nature of Interest: Direct Interest Consideration:
No of Shares Held After Changes: Direct : 2,534,941,799 shares (69.4860%) Indirect/Deemed Interest : 452,921,192 shares (12.4150%) Total : 2,987,862,991 shares Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
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.
Sure will swastakan Good123. It's just a matter of time and price. Don't rush them. Let them take their own sweet time. Collect one more round of dividend first for the coming fourth qtr results.
Bursa as a regulator has a fiduciary duty to ensure fairness and equitable to all stakeholder despite given ample time to Felda to regularize its restructuring plan amid the extension expired in August 2022
We are focused primarily on three core business sectors: Plantation, Sugar, and Logistics. https://www.fgvholdings.com › co... Company Overview - FGV Holdings Berhad
The Federal Land Development Authority (Felda) has raised its stake in plantation giant FGV Holdings Bhd to 81.9%, after acquiring 4.3m shares of the plantation company on the open market. The open market purchase on 18th January 2023 raised Felda’s direct stake in FGV to 69.5% and indirect stake of 12.4%. (The Edge)
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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....
Good123
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Posted by Good123 > 2023-01-31 08:42 | Report Abuse
Probably retailers, gain 1-2sen to minum kopi and sell all back cheaply
@lionel messi
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.
6 minutes ago