FGV HOLDINGS BERHAD

KLSE (MYR): FGV (5222)

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Last Price

1.36

Today's Change

+0.01 (0.74%)

Day's Change

1.34 - 1.36

Trading Volume

550,800

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

1.36

Avg Target Price

1.67

Upside/Downside

+0.31 (22.79%)

Price Call

6

SELL

27

HOLD

13

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
34 people like this. Showing 50 of 48,799 comments

lionel messi

I have written to MSWG. Let's see if they care enough to do anything for minority shareholders. Don't have too much hope though but we must do our best to broadcast and seek recourse everywhere as much as possible. Media, regulators are best avenues.

2 months ago

lionel messi

No need to talk so much. Just give a fair price. Don't treat minority shareholders as bodoh.

2 months ago

Mabel

#EVO118 Where are you Mabel? I am sure you can provide some insight on C&C. Pretty sure you was in it all the way.
13/09/2022 9:34 AM

Sorry for the late reply as Mabel has been busy with Energy, Techs and Shipping Team. Despite current volatility, Sarawak, Indonesia, Thailand and Singapore based Plantation managed to stay on course. As a shareholder, Mabel feel we are not well treated by Felda after giving tremendous support and loyalty to this Plantation. So Mabel decided to sell off all FGV holding due to Felda unfriendly attitude. However, Mabel remain invested in other better Plantations in Malaysia, Singapore, Indonesia and Thailand. Some in the Case of Golden Agri Plantation, Mabel also invested in their Sukuk.

As for CCB, Jardine Cycle & Carriage Ltd said its stake in Cycle & Carriage Bintang Bhd rose to 94.78% after its takeover offer ended on 25th August, paving the way for the delisting of one of Malaysia’s leading Mercedes Benz dealers.

Kindly be advised that trading in CCB’s shares will be suspended with effect from 9.00 a.m., Monday, 5 September 2022, pursuant to Paragraph 16.02(3) of the Main Market Listing Requirements.

In the earlier exercise in 2019 Jardine offered was RM 2.20. The offer was rejected by the Shareholders. The latest offered was RM 2.70. Extract:

"The RM2.70 offer price by Jardine Cycle & Carriage Ltd (Jardine CCL) — the offeror — represents a discount of RM1.26 or 31.76% to the estimated revised net asset value (RNAV) per CCB share of approximately RM3.96.

Having said that, Kenanga IB highlighted that shareholders should take note that the estimated RNAV represents the fair value of the CCB group’s assets with the deemed presumption that CCB is able to sell all its assets on a willing buyer-willing seller basis in the open market in the immediate to medium term at the indicative market values."
=============..============
RNAV already worth RM 3.96, this amount still not take into account for Malaysia Mercedes Benz sole distribution right..

For CCB Case, it was worth the wait for those shareholders that hold on to the end.

All the best !

Mabel FarMeow

2 months ago

lionel messi

The question was does Jardine need to pay 50 sen to those who accepted at RM2.20 now that the offer has risen to RM2.70.

2 months ago

Mabel

The 2019 RM 2.20 was not accepted by the Shareholders. So it does not go through. Meaning No.

I remember accepting the offer at RM 2.20. Unfortunately the whole exercise does not go through as many Shareholders rejected it. So it was status quo..

For this one, all the shareholders have to accept this, of course with a much better price..

Meow

2 months ago

lionel messi

Tks Mabel. For FGV, many had accepted the GO at RM1.30. I wonder if they do another GO at RM1.50, what happen to those accepted earlier. Too bad, their problem, willing buyer willing seller?

2 months ago

moneyontheway

@Lionel messi and Mabel, as for those who bought at IPO price like me are still making a loss. it seems i have been making many losses in investment of shares.

2 months ago

willc48

FGV masih hidup? felda can tutup kedai. GLC Boss ku

2 months ago

Laiks1970

JAKARTA (Sept 26): Malaysian palm oil futures fell nearly 7% on Monday (Sept 26), tracking weakness in rival edible oils amid recession fears, and after a leading analyst warned prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange dropped 6.85% to trade at RM3,480 a tonne in early session, down for a third straight session.

2 months ago

EVO118

The inaction by Bursa on the public shareholding spread issue will ultimately end up with at least a 2 month extension by the end of this week (previous extension expired on 3rd Aug)

2 months ago

PunTatBerSiul

Why complain about Bursa when the head was replaced by some politicians to protect their nterest.

2 months ago

lionel messi

Next GO at RM1.50 but depress mkt price as low as possible to make it look attractive. That's the game plan. Minority shareholders' game plan: buy more on the cheap and don't ever sell to them.

2 months ago

lionel messi

Dropping like going to be suspended soon or to announce something. Anyhow, don't ever sell. Let's play ball baby.

1 month ago

Letsfly

Messi u also dun sell lor.. We hold together

1 month ago

Undi_PH

GE15 this year Felda Settlers and rakyat please vote PH.

1 month ago

Undi_PH

4.55 IPO price is to con Felda Settlers $.

1 month ago

lionel messi

Amen Undi. Still trying to con minority shareholders by giving cheap GO. Let's fight. Whack Felda kaw kaw by not selling to them.

1 month ago

moneyontheway

@lionel, if there is a compulsory acquisition of the remaining shares, the minority shareholders still have to give in, isn't this correct?

1 month ago

lionel messi

Yes sir/madam. Felda will surely invoke it and sapu everything. Don't ever let them reach 90%

1 month ago

Undi_PH

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

1 month ago

badprecedent

come on Felda! dont put on a show present some concrete effort

1 month ago

Michael Kwok

Sell call fgv rm 1.37
Tp 90 cents below
8/10/2022 8.48pm

1 month ago

EVO118

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 .

1 month ago

lionel messi

Remember to go grab some. Don't let Felda swallow everything cheaply.

1 month ago

imvu

kena dump , apa cerita ?

1 month ago

curiousq

what happened? pump and dump to lowest ......
delisted soon?

1 month ago

lionel messi

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.

1 month ago

focusinvestor

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.

1 month ago

lionel messi

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.

1 month ago

lionel messi

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?

1 month ago

lionel messi

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.

3 weeks ago

badprecedent

capital market regulation at its worst still nothing announcement made to address to resolve the public shareholding shortfall

3 weeks ago

Felda_settlers

GE15 2 weeks left. FGV cannot surpass RM 1.61; 509(GE14) price how to vote BN?

3 weeks ago

lionel messi

Right on man. More profitable since then and palm oil price much higher, how can price be manipulated lower? Vote them out.

3 weeks ago

Felda_settlers

54 Felda seats cannot decide goverment who can?

3 weeks ago

manahin

Forget GE.....
Wait for GO, any moment now since extension rejected!

3 weeks ago

lionel messi

Sure not? Extension rejected months ago. Mana GO?

2 weeks ago

lionel messi

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.

2 weeks ago

Damien0111

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

2 weeks ago

Damien0111

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

2 weeks ago

Undi_PH

Problem is GE will come soon(19th Nov) not GO which has no deadline.

2 weeks ago

Undi_PH

GE15 5 days left. Govn change better for FGV?

2 weeks ago

Useless

QR good no use just like the government.

2 weeks ago

Useless

PE only 3 why cannot enter CI? Government no use?

2 weeks ago

lionel messi

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?


5 days ago

Syndicates

Extension rejected still can maintain listing for so long. What's the purpose of setting public spread rule?

1 day ago

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