FGV HOLDINGS BERHAD

KLSE (MYR): FGV (5222)

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Last Price

1.56

Today's Change

+0.06 (4.00%)

Day's Change

1.51 - 1.56

Trading Volume

307,700

Financial

Financial Year 2020


Financial Year Annual Audited Account Annual Report View
Ann. Date Ann. Date
Discussions
34 people like this. Showing 50 of 48,563 comments

purple70

Can we make use of this forum for valued added and fundamental views...no one needs distraction. Time is precious

2 months ago

8888_

July CPO >RM 6500/ton, expect very good QR ahead for CPO sector and FGV in 2nd and 3rd qtr 2022.

1 month ago

strattegist

good

1 month ago

atm2020

Indonesia stuns markets as it widens ban to include CPO, refined palm oil

JAKARTA: Indonesia widened the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, among other products, its chief economic minister said on Wednesday, leaving markets in shock over the latest policy reversal.

The announcement flipped the minister's statement a day earlier, in which he had said the export ban would only cover refined, bleached, and deodorized palm olein.

The change was "in line with the president's decision and after taking into account the feedback and views from the people," Airlangga Hartarto said in a short statement.

President Joko Widodo said in a separate statement that people's need for affordable food trumped revenue concerns for now.

"Once domestic needs have been met, of course I will lift the export ban because I know the country needs taxes,...foreign exchange,...a trade balance surplus, but meeting the people's basic needs is a more important priority," he said.


Jokowi, as the president is popularly known, said Indonesia has enough capacity to meet domestic demand and it was "ironic" that the country is facing cooking oil shortages.

Palm oil markets have been jittery ahead of the ban and Indonesia deployed navy ships and personnel in an effort to thwart illegal shipments.

The new rules were due to take effect at midnight local time (1700 GMT), and the navy and other agencies had been instructed to step up patrols of Indonesian waters to ensure compliance, said navy spokesperson Julius Widjojono.
Palm oil futures on the Malaysia exchange surged by 9.8% on Wednesday, as some market participants feared exporters in Indonesia, the world's biggest palm oil producer, could not get their products onboard vessels in time before the ban starts.

US soyoil futures jumped more than 4% to a record high after Indonesia extended ban to include CPO.

"SHOCKED"

It was unclear if palm oil companies had been informed of the latest policy change.

Industry sources and traders, who requested anonymity because of the sensitivity of the issue, said they were shocked by the latest development.

"It's a drastic measure to rein in the prices and we hope it has the intended effect within a short period, and avoid hurting the industry," a palm industry source said.

"This is crazy. We are paying a price for Indonesia policy flip-flops. Every vegetable oil is going through the roof. Securing supplies of any vegetable oil for May shipments is a challenge," said a New-Delhi based dealer with a global trading firm.

Eddy Martono, secretary general of the Indonesia Palm Oil Association (GAPKI), earlier on Wednesday said the industry was trying to "operate as usual while continuing to monitor market movements."

Eddy said that with such short notice on the ban, first announced by President Joko Widodo on Friday evening, there was no way exporters could rush their products out.

"Its impossible to get a vessel instantly, everything would've been chartered," he said.

Indonesia's restrictions have driven up global edible oil prices as supplies were already choked by factors like drought and shortages after Russia's invasion of major crop producer Ukraine.

Indonesia's ban on palm oil exports is unlikely to last more than a month due to limited infrastructure to store the surplus oil and because of mounting pressure from buyers to resume shipments, industry officials said.

STUBBORNLY HIGH PRICES

The ban would remain in place until prices of bulk cooking oil dropped to 14,000 rupiah (US$0.9720) per litre, Airlangga said.

In Jakarta, bulk cooking oil prices were offered at around 19,000-20,000 rupiah (US$1.32-US$1.39) on Wednesday and in other regions prices could be higher, Reynaldi Sarijowan, a senior official at the traditional market traders' association, said.

In Riau province on Sumatra island, small farmers already saw a drastic drop in price of palm oil fruits due to the export ban, local planters said, and they fear that palm oil companies will stop buying from independent farmers.--REUTERS

1 month ago

Richman1688

Dreaming

1 month ago

8888_

CPO RM 6900 FGV make big profit not a dream? Last year avg CPO only RM 3600+ already big profit how about 2022 avg min RM 5K? My RM 5K avg is before Russia-Ukraine Crisis. If the Crisis drag until Dec 2022 perhaps RM 6K avg is not a dream.

Richman1688

Dreaming

8 hours ago

1 month ago

8888_

Zuraida says Malaysia can meet global palm oil demand after Indonesian export ban
-A+A
KUALA LUMPUR (April 28): With the world’s largest exporter of palm oil out of the picture, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin is confident that Malaysia will be able to meet global demand for the vegetable oil.

Following Indonesia’s halt in palm oil exports effective Thursday (April 28), there is concern of a global supply shortage, but Zuraida gave a reassurance that
Malaysia will be able to meet the international demand by raising production.

“Yes, we will still be able to [meet] global demand because with the borders reopened, foreign labour is coming in. We will be able to increase our production and productivity and we should be able to supply the [global market],” she said in a press conference after an event at her Ampang parliamentary constituency.

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Indonesia accounts for 56% of global palm oil exports, followed by Malaysia at 31%. With Indonesian exports halted, a large gap in supply is left to be filled.

Zuraida also commented on the Malaysian Palm Oil Board’s (MPOB) call for a temporary suspension of Malaysia’s biodiesel mandate to ensure adequate supply of palm oil for use in food, after the Indonesia ban on palm oil exports is implemented.

The minister stressed that there will be no changes to the biodiesel mandate.

“We are still proceeding with our biodiesel [mandate], but the concentration is not so much that now, as we are going into a circular economy of biomass,” she said.

On another matter, the minister said inflation may be an impending issue, as the Indonesian palm oil export ban, coupled with the Ukraine-Russia conflict will impact
global vegetable oil supply.

Forced labour issues may also usher the supply and demand situation into bad waters, as the ongoing forced labour dispute Malaysia faces with the European Union (EU) and the US remains unresolved.

Previously, Zuraida said Malaysia is seeking to meet the US Customs Border Protection (CBP) and the European Union in July to address the allegations, as well as the fallout from withhold release orders issued by the CBP to FGV Holdings Bhd and Sime Darby Plantation Bhd back in 2020.

Jakarta’s announcement on Wednesday of a broadening of the scope of its export ban on raw materials for cooking oil to include crude and refined palm oil, left markets bewildered.

This is because just a day earlier, the country’s coordinating minister for economic affairs, Airlangga Hartarto, reportedly said that the ban would only apply to palm olein.

Airlangga was quoted as saying that the export ban would stay in place until prices of bulk cooking oil fall to 14,000 rupiah (RM4.22) per litre.

The bulk cooking oil prices on Wednesday (April 27) stood at 19,000 to 20,000 rupiah (RM5.71 to RM6.01) per litre in Jakarta, according to Reuters.
https://www.theedgemarkets.com/article/zuraida-says-malaysia-can-meet-...

1 month ago

8888_

Yesterday I talked avg RM 5K, RM 6K CPO, how about if actual CPO is RM 7K like today? Drop is you buy at discount not good?

1 month ago

manahin

When cpo rm5k fgv 2, when cpo rm6k fgv 2.01, when cpo rm7k fgv 2.02... Hahah!

1 month ago

8888_

Is it because Saji cooking oil cannot up? Why I see many supermarkets 5kg Saji cooking oil still sellling below RM 30?

manahin

When cpo rm5k fgv 2, when cpo rm6k fgv 2.01, when cpo rm7k fgv 2.02... Hahah!

4 hours ago

1 month ago

8888_

Ask govn pay for Saji cooking oil subsidies.

1 month ago

masterus

Oil prices are hitting all-time highs worldwide, creating long lines and panic buying. If that reads like an old story, consider this: we're not talking about fuel oil here. We're talking about food oil, and sunflower oil and palm oil in particular.

In the case of sunflower oil, it's because of a sharp decrease in supply due to the war in Ukraine. Russia and Ukraine together accounted for 75 percent of sunflower oil production before the war began, with Ukraine the world's largest exporter. With harvests in Ukraine stalled , and sanctions in place against Russian firms, production and exports have slumped: exports from Ukraine are down 95 percent since the invasion, and if the war grinds on, Ukrainian farmers risk missing their harvesting and planting windows.

The sunflower oil shortage has hit some Western countries particularly hard. Sunflower oil is one of the most popular cooking oils in Germany and the UK, both of which love their deep-fried foods and value (or valued) sunflower oil for its relatively low price point and comparatively high smoke point. The shortage has created runs on sunflower oil in both countries, with grocery stores rationing sales after shelves were cleared of all supplies, and some restaurants in Germany taking fries off the menu.

1 month ago

junkit

2022年最大涨幅的棕油股 - FGV:
https://youtu.be/V6HZye504TE

1 month ago

Mabel

https://www.bharian.com.my/bisnes/lain-lain/2022/05/952480/eropah-mula...

Here is More Good New for Mabel Oil...

Huat Chaii...

1 month ago

Mabel

Oil prices are hitting all-time highs worldwide, creating long lines and panic buying. If that reads like an old story, consider this: we're not talking about fuel oil here. We're talking about food oil, and sunflower oil and palm oil in particular.

In the case of sunflower oil, it's because of a sharp decrease in supply due to the war in Ukraine. Russia and Ukraine together accounted for 75 percent of sunflower oil production before the war began, with Ukraine the world's largest exporter. With harvests in Ukraine stalled , and sanctions in place against Russian firms, production and exports have slumped: exports from Ukraine are down 95 percent since the invasion, and if the war grinds on, Ukrainian farmers risk missing their harvesting and planting windows.

The sunflower oil shortage has hit some Western countries particularly hard. Sunflower oil is one of the most popular cooking oils in Germany and the UK, both of which love their deep-fried foods and value (or valued) sunflower oil for its relatively low price point and comparatively high smoke point. The shortage has created runs on sunflower oil in both countries, with grocery stores rationing sales after shelves were cleared of all supplies, and some restaurants in Germany taking fries off the menu.

Mabel Farmeow

1 month ago

lionel messi

Love the correction. Can buy cheap cheap. Whatever oil Indonesia going to export will still be not enough for the world. Imagine the population of India, Bangla, Pakistan, Africa, etc. All need to eat. The market for palm oil is so big.

1 month ago

seekingbeta

Inflation market, everyone need to cook. Palm oil still having demand. Agreed

1 month ago

zackboy

Now Thailand has announced they are limiting palm oil exports too.

1 month ago

DickyMe

As expected, after the festival, the paint fades away after fat cats had their free lunch.

1 month ago

8888_

Malaysia may cut palm oil export tax by half amid global supply crisis
https://www.theedgemarkets.com/article/malaysia-may-cut-palm-oil-expor...

1 month ago

lionel messi

Positive news for palm oil stocks?

1 month ago

8888_

Today rebound so yes.

lionel messi

Positive news for palm oil stocks?

1 month ago

purple70

The current Indonesian production is no longer sufficient for its internal consumption!

Indonesians are slowly moving up in consumption value chain and are adopting cooking via oil as base instead of boiling, stewing or grilling their food.

Imagine 220mil population which has the quickest rate of migration to middle class in the world in last decade, takes up more of CPO!

The issue w FGV is that its a cornered stock w FELDA owning close to 80%. FELDA is unwilling to privatise it despite great CPO outlook for good 6 mths once the UKRANIAN - RUSSIA war is over

1 month ago

lionel messi

Since Felda already own so much and not willing to privatise, this will be a high div yield stock. This will flow the bulk of the money earned by FGV back to them.

1 month ago

DickyMe

"DickyMe

As expected, after the festival, the paint fades away after fat cats had their free lunch.

1 week ago"
===================

The slide begins after duit Raya distributed.

1 month ago

8888_

1.67 DickyMe don't buy why waste time here?

1 month ago

DickyMe

LOL.. I never buy any GLCs FYI.

1 month ago

8888_

No wonder stock picks competition lose money haha.

1 month ago

DickyMe

Lol stock picks is a competition?? Wakakaka..
Win or lose, makan angin saja.haha.

1 month ago

Mabel

Still better than your 20 sen cumming forecast..

FGV just by and forget..

Everybody loves Mabel Oil..

Meow

1 month ago

Mabel

Soon Mabel Oil will power Malaysia Airlines..

https://soyacincau.com/2022/05/30/malaysia-airlines-first-passenger-fl...

3 weeks ago

PunTatBerSiul

Sabar! Masih ada peluang untuk tenggelam!

3 weeks ago

NorazmiAR

FGV Registered Profit Before Tax (PBT) of RM501 million in 1Q FY2022
KUALA LUMPUR, 31 May 2022 – FGV Holdings Berhad (FGV) posted a profit before tax
(PBT) at RM501 million in its first quarter ended 31 March 2022, a significant improvement
compared to RM15 million last year. This is mainly contributed by higher margin of palm
products, downstream, fertilisers and logistic business.

https://www.klsescreener.com/v2/financial-reports/view/715035

3 weeks ago

NorazmiAR

Even with LLA fair value adjustment, the nett profit is one of the highest since listing in 2012.

With PE 4.3 only, FGV will moves pass 1.75 after 2.30pm... don't miss out the opportunity of CPO bull market

3 weeks ago

calvintaneng

FGV excellent as Cpo prices range Rm6000 to Rm6800 till End 2022

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/...

3 weeks ago

Mabel

Hujan Emas 5G masih lagi dalam sembang
Emas Techs sedang bergolombang
Hujan Emas O&G sedang berlari lari
Hujan Emas Sawit berbunga berseri seri

Hari Hari Mabel tengok ladang
Bila tengok bertambah sayang
Macam mana Mabel tak sayang
Harga Kelapa Sawit terus berkembang

Hujan emas di ladang sawit
Hujan batu terkena tauke kuih sepit
Tak apa kalau tak ada duit
Mabel dan kawan bolih kutip tanpa sulit..

Mabel Ayu..

5 days ago

PunTatBerSiul

DickyMe

"DickyMe

As expected, after the festival, the paint fades away after fat cats had their free lunch.

1 week ago"
===================

The slide begins after duit Raya distributed.

1 month ago
=========================

Yes. Only cronies and mistresses are privy to sudden rise.

2 days ago

EVO118

Are they working to get the price down to below 1.30 so they can make another GO @ 1.30 or even @ 1.40 before the expiration of the generous continuous extension granted of 6 months on 3rd August. Absolutely unfair to take advantage of shareholders who did take up the offer before.

1 day ago

EVO118

Pay raise for FGV chairman, non-executive directors.
https://www.theedgemarkets.com/article/pay-raise-fgv-chairman-nonexecu...

Ridiculous! Have they done anything. Should be performance link. That is what happen when FELDA has the controlling interest and has not corrected it since the GO. Straight abuse and manipulation of minority shareholders. Wake up BURSA. By the way, anybody from FGV gone to jail yet?

1 day ago

investmalaysia618

hehehe, that's why better avoid glc at all cost.

1 day ago

manahin

Hehehe GO coming...

1 day ago

EVO118

What is the point of having a public spread requirement ruling if they can't even enforce it. Just close one eye because we are GLC!

1 day ago

lionel messi

When and what's the next GO price?

20 hours ago

OnTime

let corruption flourishes!

17 hours ago

EVO118

Kit Siang urges Cabinet to freeze all increases in salaries and allowances of GLCs.
https://www.theedgemarkets.com/article/kit-siang-urges-cabinet-freeze-...

“This is not only most excessive in troubled economic times, but downright obscene, and must be smacked down by the Cabinet and Parliament,” he said.

Well, at least there is someone who is thinking what I am thinking. OBSCENE! What happen to the opposition leader? Why do we need a retired leader to make a comment like this.

14 hours ago

RTA09391

Buy

5 hours ago

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