The Edge Markets https://www.theedgemarkets.com › ... FGV says yet to formulate plan to address public shareholding shortfall 30 Nov 2021 — As at Nov 8, FELDA, which has been accumulating FGV's shares, holds 79.65% stake in FGV, comprising a direct
5222 FGV FGV HOLDINGS BERHAD PUBLIC SHAREHOLDINGS SPREAD PUBLIC SHAREHOLDINGS SPREAD NON-COMPLIANCE WITH PUBLIC SHAREHOLDING SPREAD PURSUANT TO PARAGRAPH 8.02(1) OF THE MAIN MARKET LISTING REQUIREMENTS 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
info.creditriskmonitor.com https://info.creditriskmonitor.com › ... Privatisation of FGV by year end? Felda had failed in its bid to privatise FGV at RM1.30 per share in March, falling short of accumulating the minimum 90 per cent
FGV looks attractive, could see a fresh privatisation attempt soon 14 Jul 2022 — Felda failed in its bid to privatise FGV at RM1.30 per share in March last year, falling short of accumulating the
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
CPO price has a greater effect on planters’ earnings than output growth.
Therefore, each plantation company’s forward selling policies would also affect its earnings outlook, said the research house.
“As such, planters such as KLK, IOI, Sime Darby Plantation Bhd and FGV that undertook more aggressive forward selling activities should be able to recognise better CPO prices than their peers in 4Q22,” noted RHB Research.
KUALA LUMPUR: Bursa Malaysia finished higher on Thursday on buying support in index-linked counters amid advances in regional bourses.
At 5pm, the benchmark FBM KLCI rose 4.30 points or 0.29% to 1,489.80 after moving between 1,493.21 and 1,485.90 throughout the day.
In the broader market, gainers outnumbered losers 681 to 340, with 5.14 billion shares worth RM2.94bil changing hands.
The ringgit was quoted at 4.2480 against the greenback, appreciating 0.46%. The local unit opened higher against the US dollar this morning.
Digi lifted the FBM KLCI by 1.5326 points after rising nine sen to RM4.30, while Press Metal gained 12 sen to RM5.30, contributing 1.4352 points to the index.
PETRONAS Dagangan jumped 50 sen to RM22.30, Kuala Lumpur Kepong added 34 sen to RM21.76 and Nestle climbed 30 sen to RM135.50.
PETRONAS Chemicals fell 13 sen to RM8.22, Hong Leong Financial Group eased 12 sen to RM18.38 and RHB Bank lost six sen to RM5.69.
On the broader market, Heinekn surged RM1 to RM29, Carlsberg jumped 66 sen to RM24.20 and F&N gained 60 sen to RM25.40.
Elsewhere in the region, Japan’s Nikkei Stock Average rose 0.2%, Hong Kong’s Hang Seng Index eased 0.52%, South Korea’s Kospi rose 0.8%, China’s Shanghai Composite Index rose 0.02% and Singapore’s Straits Times Index declined 0.4%.
Last August, FGV Holdings via its unit FGV Integrated Farming Sdn Bhd inked an agreement with Qatar’s Baladna Food Industries WLL and Touch Group Holdings Sdn Bhd to develop dairy farms in Chuping, Perlis, which should take care of the sale of milk and other related products, such as yoghurt.
In September 2020, the then minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said Felda Wilayah Sahabat in Lahad Datu, Sabah, had great potential to be developed for livestock activities such as beef cattle breeding, and had requested Felda and Sabah Development Corridor to look into the initiative.
With cattle comes beef, which can be turned into patties for burgers. And if you can do beef, chicken should be doable as well. That’s the burgers and hotdogs covered.
And guess what oil can be used to cook the burgers? Of course it would be Saji, the brand produced by FGV Holdings that has a 42% market share in Malaysia. Saji can even be roped in as a sponsor.
And the plan involves eventually establishing the Plantations Cup, similar to the World Cup, but for plantation companies and held once every four years as well.
Our Felda United Football Club will be the core of the Malaysian national team, and will go on to make us proud and dominate world football.
But first, let’s see if Idris answers our WhatsApp messages.
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%.
Felda had been mopping up shares in FGV since its failed attempt to privatise the company at RM1.30 per share in March 2021. The agency could only increase its interest in FGV to 81% when the offer closed, way off the 90% ownership to trigger the compulsory share acquisition to take FGV private.
Felda paused its acquisition spree in February 2022 when FGV’s share price rose, along with the high crude palm oil price (CPO). The daily prices of CPO exceeded RM5,000 at that time. Four months later, in June, the agency resumed its acquisition of FGV shares.
FGV had previously sought exemption from Bursa Malaysia to comply with the 25% public shareholding spread to remain listed on Bursa, but the last exemption expired on Aug 3, 2022.
There was still no sign of resolution after three requests for exemption for six months each, while Felda continued to buy more FGV shares in the open market.
FGV’s public shareholding spread was at 13.06% as at Nov 21, 2022.
In a Nov 30 filing, FGV said its board has been in regular discussions with its major shareholder (Felda) over the past several months and has appointed an advisor to explore various options to address the non-compliance with the public spread requirement.
FGV has one “buy”, eight “hold” and one “sell” calls with a 12-month target price of RM1.43 among analysts, Bloomberg data showed.
FGV’s share price closed at RM1.32 on Thursday, valuing the company at RM4.82 billion. The counter has fallen 12% over the past year.
Read also: Felda and privatisation of FGV: No end in sight
FGV Holdings Berhad (FGV) through its subsidiary FGV Dairy Farm Sdn Bhd (FGVDF) is positioned for strong growth in its venture into fresh milk processing and the dairy farming business. This is consistent with the successful implementation of a fully integrated dairy farm project in Linggi, Negeri Sembilan, which has significantly increased FGV’s focus in the business under the Integrated Farming sector.
FGVDF recently received an additional 130 crossbred dairy heifers imported from Australia, which are a hybrid of Jersey and Friesian dairy cattle breeds, amounting to a total of 258 dairy herd size. This shipment of cattle is to fulfill the higher volume of fresh milk production as well as the increase in local demand, especially by the HORECA (Hotel, Restaurant and Cafe) market segment.
FGV Dairy Farm Sdn Bhd (FGVDF) is positioned for strong growth in its venture into fresh milk processing and the dairy farming business
Dato’ Haris Fadzilah Hassan, Group Chief Executive Officer of FGV said in less than nine months since the inception of the dairy farm project in March 2020, the premium house brand “Bright Cow” has been processing more than 500,000 litres of fresh milk for local consumption, contributed by the fresh milk produced by FGV’s Linggi dairy farm and supplied by external dairy farms.
“Our fresh milk production in Linggi, will see the opening of a brand new fresh milk factory with a processing capacity of 30,000 litres per day. We have also installed an automated milking parlour and a cloud-based daily milk recording system to ensure the quality of our dairy products and the productivity of our dairy farm. These efforts are scheduled for completion in the first quarter of 2021,” said Haris Fadzilah.
The overall upgrading work for FGV’s Linggi dairy farm is almost complete, with improvements on the farm’s infrastructure, feedstock areas, milking parlour and cattle barn, while the upgrading work for the calf barn is 100 percent complete. The ongoing enhancements shall be finalised in the near future together with Hazard Analysis and Critical Control Point (HACCP) and the foundation for Food Safety System Certification 22000 (FSSC 22000) certifications.
Several new Bright Cow product formulations, flavours and packaging are also in the pipeline and are now undergoing product testing and stability tests prior to launch which is targeted to take place in April 2021. Bright Cow dairy products are now available online with no minimum order on www.fgvdairyfarm.com.
FGV Dairy Farm Sdn Bhd (FGVDF) is positioned for strong growth in its venture into fresh milk processing and the dairy farming business
Under the National Dairy Industry Development Programme, the government aims to ensure self-sufficiency in domestic fresh milk productions by 2025. This gives an opportunity for organisations such as FGV to benefit from import substitution and aspire to become a significant industry player for locally produced fresh milk in Malaysia.
At the same time, FGV’s initiatives are in line with the government’s vision for shared prosperity by offering contract farming opportunities among cattle farmers in the country.
Its initial public offering in 2012 was the third largest in the world that year after Facebook and biggest IPO in Asia which raised USD 3.1 billion.[3][4]
Wisma FGV in Kuala Lumpur. It is the third largest palm oil company in the world by planted acreage.[3] FGV manages a total land bank of 439,230 hectares in Malaysia and Indonesia including land under Land Lease Agreement (LLA) with Felda. The company produces approximately 3 million metric tonnes (MT) of CPO annually.
During five years of share price growth, FGV Holdings Berhad moved from a loss to profitability. That would generally be considered a positive, so we are surprised to see the share price is down. Other metrics might give us a better handle on how its value is changing over time.
We note that the dividend has remained healthy, so that wouldn't really explain the share price drop.
BusinessToday Home News NewsNext Phase FGV And Partners To Invest RM4.5 Billion In Large Scale Dairy Farming Project By Editor -August 8, 2022
FGV Holdings Berhad, via its wholly-owned subsidiary, FGV Integrated Farming Sdn Bhd has entered into a conditional shareholders’ agreement with Baladna for Trading and Investment W.L.L, a subsidiary of Baladna Q.P.S.C., and Touch Group Holdings Sdn Bhd for the development of a large scale integrated dairy farming business in Chuping, Perlis.
Under the agreement, the parties will have a shareholding of FGVIF (40%), BALADNA (40%) and TOUCH GROUP (20%), while the project, which is to be developed within an area comprising 3,259 hectares (8,053 acres) in FGV Chuping Agro Valley, is expected to involve an investment of up to RM 4.5 bil.
“This joint venture will be a springboard for FGV to become one of the world’s leading integrated and sustainable agribusinesses. As an organisation which is already involved in the food industry, our latest venture into this integrated dairy farming business strongly positions us in a growing milk and dairy industry, thus strengthening our presence in the food industry,” said Dato’ Mohd Nazrul.
With an aim to strengthen the National Food Security Agenda, this project is also aligned with FGV’s long-term plan to position FGV Chuping Agro Valley (FCAV) as one of the leading agro-valley hubs in Malaysia, delivering sustainable value for its stakeholder and better living conditions to the local community as well as addressing food security concerns of the country, under the supervision of the NCIA. The establishment of the integrated dairy farming business is expected to create more than 2,000 job opportunities.
Expected to be commercially operational by 2025, the project aims to produce 100 million litres of fresh milk per annum within the first three years and is expected to reach 300 million litres of fresh milk in 10 years.
“Malaysia’s dairy market grew at a compounded annual growth rate (CAGR) of 4.5% from 2015 to 2020. The outlook for the dairy sector is positive, and FGV is optimistic that this strategic direction will support national goals to gain 50% self-sufficiency levels for liquid milk and 100% for fresh milk by 2028, doubling the production of fresh milk in Malaysia, reducing imports and providing fresh milk to consumers,” he added.
Based on the “grass to glass” concept, the joint venture will be fully integrated, operating from animal feed, milking cows and milk processing, to the sale, marketing and distribution of dairy related products, especially fresh milk.
Mr. Hilarides said, “As a partner, Baladna will use its extensive experience in fresh milk production and brand development to substantially improve Malaysia’s self-sufficiency in milk. We are delighted to be able to partner with FGV Holdings Berhad and Touch Group Holdings”
Prior to the economic blockade imposed on Qatar by neighbouring countries in 2017, Qatar was 90% import dependent. Today, Baladna is the largest dairy company in Qatar with over 250 SKUs and has achieved a remarkable 100% self-sufficiency for fresh milk in Qatar.
TOUCH GROUP is a Malaysian holding company involved in various business activities including telecommunications, renewable energy, property management, agriculture, security services, hospitality, construction, tourism, F&B, and ICT.
“We hope that our participation in this joint venture would strengthen and add value to the composition of the shareholders of the joint venture, in line with the National Food Security Agenda,” said Raja Dato’ Idris.
The Conditional SHA is tied to several terms, among others, satisfactory results of the financial viability study on the project and the obtainment of respective approvals from the board of directors of the parties to proceed with the proposed investment in the project.
ESG News Open main menu Tech FGV Transport Services Ventures Into Container Haulage Business, Powered by New Low-Emission Sustainable MAN Trucks Published on: 10 Dec 2022 by KnowESG tinywow download 9357733 FGV Holdings Berhad (FGV) enters the container haulage business through its logistics arm and subsidiary, FGV Transport Services Sdn Bhd (FTSSB), by adding 41 units of the New MAN TGS prime movers with low-emission Euro V specification engines to its land transport fleet. The latest addition to FTSSB’s fleet comprises five units of MAN TGS 4×2 and 10 units of 6×2, both of which will be used for container haulage. The remaining 26 units are MAN TGS 6×4, which are ideal for heavy-duty cargo transportation. The MAN TGS Trucks are assembled locally in Serendah, Selangor by MAN Truck & Bus (M) Sdn Bhd (MAN Malaysia), a wholly owned subsidiary of MAN Truck & Bus SE of Germany.
FGV's Group CEO, Dato' Nazrul Mansor, received 15 units of the new MAN TGS Trucks from MAN Malaysia's Managing Director, Andrew O'Brooks, and General Manager of MAN Malaysia, Thayalan Subramaniam, at FTSSB's logistics hub in Shah Alam.
According to Dato' Nazrul, the logistics sector has been a significant contributor to the FGV Group's financial performance over the last year due to increased handling and transit rates as well as higher throughput volume for the transport and storage businesses.
“This investment in a new generation of technologically advanced, fuel-efficient and low-emission trucks from MAN would enable FGV to pursue opportunities in the sector and uphold our pledge to reduce greenhouse gas emissions as part of our commitment to sustainable business practices,” he said.
The new MAN TGS trucks would help FGV's haulage business grow because they could meet multinational customers' stringent Environmental, Social, and Governance (ESG) requirements.
"We are extremely pleased with the performance and dependability of the current batch of MAN TGS trucks in our fleet and are confident that the new MAN TGS trucks will play a key role in efforts to reduce carbon footprint as one of the focus areas under our Group Sustainability Framework's Protecting the Environment pillar," Nazrul added.
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:
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5222 FGV FGV HOLDINGS BERHAD Quarterly rpt on consolidated results for the financial period ended 30/09/2022 Quarter: 3rd Quarter Financial Year End: 31/12/2022 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/09/2022 30/09/2021 30/09/2022 30/09/2021 RM '000 RM '000 RM '000 RM '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) attributable to ordinary equity holders of the parent 241,671 399,393 984,931 702,789 4 Net Profit/Loss For The Period 216,971 401,038 939,316 751,751 5 Basic Earnings/Loss Per Shares (sen) 6.62 10.95 27.00 19.26 6 Dividend Per Share (sen) 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 (RM) 1.6400 1.4900 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
utusan.com.my www.utusan.com.my › felda-... Felda mahu swastakan FGV 18 Feb 2022 — KUALA LUMPUR: Lembaga Kemajuan Tanah Persekutuan (Felda) telah menguasai sebanyak 82 peratus pegangan
akademiprofesor.org.my https://www.akademiprofesor.org.my › ... FELDA Perlu Kembali kepada Matlamat Asal Skandal besar FGV Holdings Berhad (FGV), anak syarikat FELDA menonjolkan orientasi sebenar syarikat ini; lebih kepada
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
FGV has turned profitable again lately. However, the relevance of such a model to the smallholders is still questionable. The following are the unsettling implications:
1. The orientation of a business corporation is profit as it is capital-intensive in nature. Return on investment is the major yardstick of its success and not the welfare index of the smallholders. In contrast, a farm enterprise has multiple objectives, which include profitability and the preservation of its only precious asset — the farm; the farmers’ livelihood; and the welfare of their families. To a farmer, the concerns are the return on the land, labour, capital and entrepreneurship.
2. Under the scheme, smallholders are merely workers at their farms as the management functions are run by the company. Over time, the smallholders may lose their managerial skills and creativity. The smallholders have little say in the running of the company.
3. The distribution of profit is highly inequitable as the dividends earned were proportional to the shares owned. Clearly, the smallholders earned very little while the executives typically paid themselves exorbitant amounts of profit.
4. If the above three developments continue, the smallholders will become stagnant if not extinct as they are stuck as workers on their own farms with limited opportunities for career mobility, horizontally or vertically. This is because the agribusiness sector, including processing and manufacturing, is controlled by the agency or company. With little capital, the producers have no capacity to invest in value-added activities and bargain for better prices from these big mills or middlemen.
5. The palm oil industry will be very concentrated with the growing dominance of big players such as private and government-led estates, while independent smallholdings continue to shrink. In the 1980s, the smallholders accounted for about half the sector, but they now make up less than one-fifth. Small farms are ecologically friendly as the smallholders tend to give more attention to their farms as they are their only assets and source of income. They preserve the farm’s physical environment and, through diversification into livestock and fruit farming, compensate for biodiversity losses.
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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....
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The Edge Markets
https://www.theedgemarkets.com › ...
FGV says yet to formulate plan to address public shareholding shortfall
30 Nov 2021 — As at Nov 8, FELDA, which has been accumulating FGV's shares, holds 79.65% stake in FGV, comprising a direct