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1.30   0.00 (0.00%)  1.29 - 1.30  25,627,600
44,280 comment(s). Last comment by JN88 at Jan 17, 2021 11:56 PM
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8888_
2079 posts

Posted by 8888_ > Oct 30, 2020 10:27 AM | Report Abuse

FGV CEO not good? Need Chinese CEO from Tradewind?


8888_
2079 posts

Posted by 8888_ > Oct 30, 2020 10:30 AM | Report Abuse

SM news 1.15 can see why so big $ govn will give 1.11 FGV max?


strattegist
12369 posts

Posted by strattegist > Oct 30, 2020 10:56 AM | Report Abuse

sustain


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 30, 2020 11:03 AM | Report Abuse

Not have large volume transition to push share price accelarate higher .. due to enlarge market capital .. be patient


5354_
3638 posts

Posted by 5354_ > Oct 30, 2020 11:19 AM | Report Abuse

CPO up bec India buy more to celebrate Deepavali soon? LLA termination should pay more.


strattegist
12369 posts

Posted by strattegist > Oct 30, 2020 11:48 AM | Report Abuse

green


5354_
3638 posts

Posted by 5354_ > Oct 30, 2020 11:51 AM | Report Abuse

IB TP(highest) only 1.14 why ah? They issue many CWs'?


5354_
3638 posts

Posted by 5354_ > Oct 30, 2020 11:55 AM | Report Abuse

Special dividend must announce(from LLA termination $) only >RM 1.2 can get?


Mabel
10912 posts

Posted by Mabel > Oct 30, 2020 11:56 AM | Report Abuse

The current selling pressure on Wall Street may have been absorbed thoroughly and DJI rebounded, we expect this rebound may sustain after the US Presidential Election. Right now they are washing out all the weak holders. I expect a strong rebound will happen from the 7th November onwards. This happened in any US Presidential election irrespective who ever wins..

Overall, the narrative for the market remains unchanged and being cautious on the Covid-19 status going into winter season, where daily cases shot up near the 500k confirmed cases.

Nevertheless, market players are likely to stay sidelines given a few major events that will take place in the following weeks such as:
(i) US presidential election,
(ii) Budget 2021,
(iii) local political developments, and
(iv) BNM monetary policy meeting.

So actually it's an opportunity to accumulate as the CPO is in all time high. This A380 will starts flying from the 7th onwards.

Meow...

Mabel Nostradamus


Mabel
10912 posts

Posted by Mabel > Oct 30, 2020 12:00 PM | Report Abuse

@winmal FGV will become net cash company
30/10/2020 9:08 AM

Absolutely ! As our friend say

@strattegist sustain
30/10/2020 10:56 AM

If you analyse FGV chart, the price momentum has just started on an upside bias...

What we need now is volume. It will come when all the above uncertainties are over..

Meow Meow Meow


5354_
3638 posts

Posted by 5354_ > Oct 30, 2020 12:17 PM | Report Abuse

10% SD from LLA $ BOD stingy to give so cannot >1.2?


strattegist
12369 posts

Posted by strattegist > Oct 30, 2020 12:46 PM | Report Abuse

green


strattegist
12369 posts

Posted by strattegist > Oct 30, 2020 2:57 PM | Report Abuse

meowwwwwwwww


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 30, 2020 3:00 PM | Report Abuse

Market drop prior the us election , buy at margin discount for future appreciation


Mabel
10912 posts

Posted by Mabel > Oct 30, 2020 4:08 PM | Report Abuse

Collected two batches at RM 1.07..

Thank you for selling to Mabel.

Meow


dam82
1778 posts

Posted by dam82 > Oct 30, 2020 4:37 PM | Report Abuse

FELDA can easily privitize FGV but they choose to spend money to buy FGV Asset ..looks like they want SM to own FGV something is happening behind the curtain ..


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 30, 2020 5:10 PM | Report Abuse

The bursa market lost 1.89% in line with the fall of regional market as fear of global economic slow down amid surging coronavirus cases.


Mabel
10912 posts

Posted by Mabel > Oct 30, 2020 5:28 PM | Report Abuse

...and Mabel collected two batches at RM 1.06..

Thank you for selling to Mabel.

Meow


dam82
1778 posts

Posted by dam82 > Oct 30, 2020 5:35 PM | Report Abuse

I see this is BS ... the FGV prospect clearly states "Loss of (a) ten years of expected future profit i the termination replanted or (b) five years of expected profits if terniation occurs eight years ot more from te date such FELDA leased land was most recently planted"

Wahid running his mouth .... and FGV better don't play the fool with the shareholder ...

The only Land FELDA can take is 19854 hectares without any compensation


dam82
1778 posts

Posted by dam82 > Oct 30, 2020 5:36 PM | Report Abuse

Abdul Wahid berkata meskipun Felda mengambil semula tanah daripada FGV namun firma itu tidak akan menjual 33,66 peratus pegangannya dalam FGV.


https://www.astroawani.com/berita-bisnes/felda-akan-ambil-tanah-dan-beli-kilang-dari-fgv-266002


Mabel
10912 posts

Posted by Mabel > Oct 30, 2020 7:24 PM | Report Abuse

Great dam82!

Today CPO closed at MYR 3,243.50

Next it will breach RM 3300

At the close, the CPO futures contract for October 2020 gained RM40 to RM3,060 per tonne, November 2020 surged RM80 to RM3,047 per tonne, December 2020 soared RM83 to RM2,994 per tonne, and January 2021 climbed RM79 to RM2,944 per tonne.

FGV cost of production is between RM 1500 and RM 1800 depending on the location of the Plantation.

Even without this LLA Windfalls it should be a very profitable venture for all the farmers here..

Meow


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 30, 2020 8:21 PM | Report Abuse

https://www.theedgemarkets.com/article/felda-also-acquire-fgvs-palm-oil-mills-after-lla-termination


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 30, 2020 8:22 PM | Report Abuse

Felda plan to buy oil mill from fgv , but it have through vote when felda can't vote due to interest conflict .


dam82
1778 posts

Posted by dam82 > Oct 30, 2020 8:23 PM | Report Abuse

This FELDA is BS again they think they can just go and grab FGV asset .... pay first lor ..


Shawalrich87
566 posts

Posted by Shawalrich87 > Oct 30, 2020 8:31 PM | Report Abuse

If felda buy oil palm Mills, how is possible to fgv process fresh bunch fruit palm into palm oil. Down stream business bring in profit.


dam82
1778 posts

Posted by dam82 > Oct 30, 2020 8:46 PM | Report Abuse

They basically want to depress the FGV price ..let's see the outcome ...


Chua Joe Beng
366 posts

Posted by Chua Joe Beng > Oct 30, 2020 9:05 PM | Report Abuse

FGV without d CPO Mills is a lame duck!


ongth60
266 posts

Posted by ongth60 > Oct 30, 2020 9:13 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/10/30/felda039s-compensation-to-be-less-than-what-fgv-expects


dam82
1778 posts

Posted by dam82 > Oct 30, 2020 9:25 PM | Report Abuse

don't forget tradewind if injected they will got the mill


Mabel
10912 posts

Posted by Mabel > Oct 30, 2020 9:34 PM | Report Abuse

Without mills FGV: Expects RM3.5bn-RM4.3bn compensation from Felda over LLA termination.

With mills FGV is expected to get RM 6-7 Billion (estimate)..

Not good?


dam82
1778 posts

Posted by dam82 > Oct 30, 2020 9:35 PM | Report Abuse

Also remember willing buyer, willing seller so just because someone barking FGV should sell their Mills especially when they invested in Renewable Energy


Mabel
10912 posts

Posted by Mabel > Oct 30, 2020 9:36 PM | Report Abuse

Exactly dam82..

I hope FGV CEO and team are not that stupid...

Meow


dam82
1778 posts

Posted by dam82 > Oct 30, 2020 9:38 PM | Report Abuse

even if they sell cause end of the day FGV will be with cash ..also FELDA cannot vote in any of this decision


Mabel
10912 posts

Posted by Mabel > Oct 30, 2020 9:39 PM | Report Abuse

Meow


ongth60
266 posts

Posted by ongth60 > Oct 30, 2020 10:13 PM | Report Abuse

Woof


Mabel
10912 posts

Posted by Mabel > Oct 30, 2020 10:16 PM | Report Abuse

https://www.theedgemarkets.com/article/lla-termination-felda-has-more-upsides-fgv-%E2%80%94-analysts

While the termination of the land lease agreement (LLA) with the Federal Land Development Authority (Felda) will significantly reduce FGV Holdings Bhd’s landbank moving forward, the development is however deemed financially positive to the group and could even pose new acquisition opportunities, analysts say.


“The latest development could be a prelude to a merger and acquisition. Recall on Oct 15, 2020, FGV announced that it has received an expression of interest from Perspective Lane (M) Sdn Bhd (a wholly-owned unit by Tan Sri Syed Mokhtar Albukhary’s privately-owned Restu Jernih Sdn Bhd), which expressed its interest to participate in FGV via an injection of plantation assets into FGV,” said HLIB analyst Chye Wen Fei in a note today.

Assuming that FGV does receive a compensation of between RM3.5 billion and RM4.3 billion, this would give the group a significant war chest, noted AmInvestment bank.

“The group can either look for new landbank, repay its borrowings or pay additional dividends. As at end-FY19, FGV had gross external borrowings of RM4.0 billion and loans due to its ultimate shareholder of RM1.1 billion,” said AmInvestment bank analyst Gan Huey Ling.

MIDF's Khoo said that according to FGV’s management, the group currently incurs annual operating costs of about RM1.5 billion for maintenance and upkeep costs, such as replanting, fertilising, staffs’ quarters and plantation workers’ wages, mostly on LLA lands.

“As such, we anticipate that the group could potentially have a leaner cost structure should [the] LLA [be] terminated as Felda would probably need to assume those expenses, in addition to the removal of the fixed lease payment of RM248.0 million per annum to Felda,” noted Khoo.


ming
1642 posts

Posted by ming > Oct 30, 2020 11:57 PM | Report Abuse

I think the compensation fee still subject to the fgv performance between 2020&2021.

If cpo price drop mayb pay less; if cpo price up then get more..


dam82
1778 posts

Posted by dam82 > Oct 31, 2020 12:58 AM | Report Abuse

https://harakahdaily.net/index.php/2020/10/29/penamatan-lla-felda-dan-fgv-perlu-penilaian-menyeluruh/


EngineeringProfit
14451 posts

Posted by EngineeringProfit > Oct 31, 2020 12:46 PM | Report Abuse

RM300 donation from all the Felda explorers should be enough for one month salary and perks of its CEO and gang.


EngineeringProfit
14451 posts

Posted by EngineeringProfit > Oct 31, 2020 12:50 PM | Report Abuse

RM1.5bil annual bail out should be enough for the other 11 months of a year.

This kind of loss making highly waged management board- shameless or dignity?


Chua Joe Beng
366 posts

Posted by Chua Joe Beng > Oct 31, 2020 2:01 PM | Report Abuse

Posted by Chua Joe Beng > Oct 30, 2020 9:05 PM | Report Abuse X

FGV without d CPO Mills is a lame duck!


FGV will b under d mercy of Felda!

FGV will b forced to send their ffb crop to Felda's Mills (close proximity as compared to Tradewind's Mills)!

FGV crop subject to 19% OER instead of 21% OER per metric ton of ffb!


Mabel
10912 posts

Posted by Mabel > Oct 31, 2020 2:43 PM | Report Abuse

Not with 6 to 7 billion compensation and with SM Tradewind Plantation and Mills..

Current price plus potential cash injection plus potential right back on impairment should bring FGV at par with Plantation Blue Chips..

Meow


Banditos
671 posts

Posted by Banditos > Oct 31, 2020 2:59 PM | Report Abuse

https://www.nst.com.my/business/2020/10/636827/lla-compensation-be-substantially-less-fgvs-estimates

dont cum yet kitty cat


Mabel
10912 posts

Posted by Mabel > Oct 31, 2020 5:11 PM | Report Abuse

Still good if they decide to take it all...

Remember...Wahid also said this...

Affin Hwang Capital said FGV now owns 64 mills, besides managing a total of 439,725ha of plantation land (Malaysia: 417,147ha and Indonesia: 22,578ha) and producing about three million tonnes of crude palm oil annually.

To a question on its 33.66 per cent interest in FGV, Abdul Wahid said Felda had no intention to sell the stake.

If they have 33.36 stakes, it will come naturally that FGV may use their mill plus Tradewind Mills..

It's all part of the family.. We still get cash injection, landbank from Tradewind and the right to use of our mills if we want to..

So its still business as usual plus capital injection, landbank and new better management under SM with good relations with Big Brothers..

I still see this is very positive development plus all the other upside as shared earlier..

Definitely it will make FGV a better company

Meow


ming
1642 posts

Posted by ming > Oct 31, 2020 7:36 PM | Report Abuse

Felda terus takeover fgv better lo.. pay less somemore..


Mabel
10912 posts

Posted by Mabel > Oct 31, 2020 10:37 PM | Report Abuse

Like I said earlier, that is also a good option...

Also no issue with that too ...do you think that will happen?

Meow


blistering
64 posts

Posted by blistering > Oct 31, 2020 10:59 PM | Report Abuse

with capital injections from FELDA & higher CPO + gain from global Rubber Shortage due to rising demand from China & Glove makers consumptions...FGV is a good buy now!!! collecting on big amount monday morning


Mabel
10912 posts

Posted by Mabel > Oct 31, 2020 11:17 PM | Report Abuse

Meow blistering ...

That's why Mabel collected two batches at RM 1.07 and another two batches at RM 1.06 on Friday.

The current selling pressure on Wall Street may have been absorbed thoroughly and DJI rebounded, we expect this rebound may sustain after the US Presidential Election. Right now they are washing out all the weak holders. I expect a strong rebound will happen from the 7th November onwards. This happened in any US Presidential election irrespective who ever wins..

Overall, the narrative for the market remains unchanged and being cautious on the Covid-19 status going into winter season, where daily cases shot up near the 500k confirmed cases.

Nevertheless, market players are likely to stay sidelines given a few major events that will take place in the following weeks such as:
(i) US presidential election,
(ii) Budget 2021,
(iii) local political developments, and
(iv) BNM monetary policy meeting.

So actually it's an opportunity to accumulate as the CPO is in all time high. This A380 will starts flying from the 7th onwards.

Next Tuesday 3-11-2020 is US election day and on Wednesday 4-11-2020 we will know the result !
So, just countdown 3 trading days only !

For those who wanted to sailang, should sailang now or one day before the result is out, which is sailang before or on 3-11-2020 (Tuesday) !

Huat ah ! Heng ah ! Ong ah !


Jobless
21 posts

Posted by Jobless > Nov 1, 2020 5:04 AM | Report Abuse

Privatise FGV cheaper than terminate LLA. PN not good cannot think why not GE15 asap kick them out?


Jobless
21 posts

Posted by Jobless > Nov 1, 2020 5:10 AM | Report Abuse

Whoever MP now must make them lose in GE15 why more and more jobless under PN? CEO not good why can't find jobless replace them?

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