Bio oils to surge due to EU push. Palm oil to benefit.
Crap company since listing. No body makes money from this company.
Glad I ignore the doomsayers here. MyEg money $$$
It is a white elephant project. Hopefully MyEg will fly monday.
2023-02-09 08:05 | Report Abuse
MACC probing former PM and son-in-law
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) is investigating a former prime minister and his son-in-law in relation to a lucrative government contract.
A source close to MACC said the investigations are focused on possible abuse of power in the award of the National Integrated Immigration System (NIISe).
"MACC is looking at how the contract was given and the company's links to those who were in power at the time," the source said.
There have been suggestions that NIISe, which is being developed to replace the Immigration Department's existing foreign workers registration mechanism by 2025 is a sick project.
2023-02-07 10:26 | Report Abuse
Insiders know something. I think other parties interested in FGV. Just wait.
2023-02-04 08:30 | Report Abuse
Yes. Still got time to buy FGV while still low.
2023-01-31 14:50 | Report Abuse
Something is brewing at FGV soon!
2023-01-06 10:55 | Report Abuse
What happens to the privatization? Like no news for months.
2022-05-10 12:40 | Report Abuse
Now Thailand has announced they are limiting palm oil exports too.
2022-04-25 11:19 | Report Abuse
Russia and Ukraine are main players in fertilizer but they are being disturbed by the current war. FGV stands to gain enormously here.
2022-04-25 08:16 | Report Abuse
KUALA LUMPUR, April 24 — Malaysia is confident it can meet global demand for palm oil after Indonesia's announcement that it has banned exports of the commodity, said Plantation Industry and Commodities Minister Datuk Zuraida Kamaruddin.
2022-03-16 16:14 | Report Abuse
@moneyontheway, i kept accumulating until the cost is less than today. Still holding it. I am just a small fish. I think some state investment bodies, like Pahang, are still holding this stock too. And they sure not going to let this stock go way below what they had paid.
2022-03-15 13:45 | Report Abuse
Most ppl who are still holding FGV are waiting for a better offer price. The dividend is a bonus, in fact I have received several dividends since I hold this stock. Stock price increase is tempting to sell though.
2022-03-10 14:22 | Report Abuse
Minyak tak cukup. Panic buying in indon.
2022-03-04 10:34 | Report Abuse
About a week for the 8 sen dividend.
2022-03-02 11:06 | Report Abuse
Yes. Never fully trust your remisier. Research your own. They are just following corporate guidance which in turn influence by top management of the company.
2022-03-01 15:16 | Report Abuse
come on FELDA, bagi up sikit offer. How about the IPO price of RM4.55?
2022-03-01 11:04 | Report Abuse
8 sen is enough to keep me holding it until then I will decide what to do.
2022-02-28 14:57 | Report Abuse
buy buy buy. High volume too. Something is definitely brewing.
2022-02-25 10:06 | Report Abuse
Oil prices hit above USD100 per barrel. There is a chance for biodiesel to kick off. Palm oil to benefit.
2022-02-24 14:27 | Report Abuse
commodities all go high.
2022-02-18 15:35 | Report Abuse
Looks like the volume is high too. Wondering what's brewing? A new GO? Or no privatize?
2022-02-18 08:52 | Report Abuse
So this news said FELDA now has 82 pc
FELDA | Pemilikan saham dalam FGV kini 82 peratus
Lembaga Kemajuan Tanah Persekutuan (FELDA) berjaya menguasai 82 peratus pegangan saham dalam FGV Holdings Bhd (FGV) setakat ini. Pengarah Besar FELDA, Datuk Amiruddin Abdul Satar berkata ia membolehkan agensi tersebut menguruskan ladang perjanjian pajakan tanah (LLA) FGV , kilang sawit, serta isu-isu melibatkan peneroka dengan lebih cekap. Bagaimanapun, beliau berkata perincian lanjut berhubung perkara itu akan diumumkan dalam masa terdekat.
2022-02-17 16:23 | Report Abuse
Wow... is it FELDA buying? They already have more than 90%. Or is it retail buying?
2022-02-15 22:09 | Report Abuse
up up and up. hope new go coming soon
2022-02-11 22:47 | Report Abuse
What happened? Any news that making this jump?
2022-01-28 08:22 | Report Abuse
Palm oil soars to RM5,500 as Indonesia sets export rule
JAKARTA (Jan 27): Palm oil rallied to RM5,500 a ton, a fresh record high, as top grower Indonesia imposed a rule that exporters must set aside some supply for the domestic market in a bid to cool prices.
Exporters must allocate 20% of their shipments for local supply, Indonesia's trade minister Muhammad Lutfi said. The rule takes effect on Thursday. The government will set prices of local crude palm oil sales at 9,300 rupiah (US$0.65) a kilogramme and olein at 10,300 rupiah.
The move comes after palm oil repeatedly notched fresh records, driven by a severe labour crunch in Malaysia and tight global vegetable oil supplies. The latest rally was also fuelled by a surge in rival fuels such as soybean and crude oil, as well as the Russia-Ukraine conflict that has the potential to disrupt supplies of sunflower oil and bolster demand for palm.
2021-07-08 10:17 | Report Abuse
According to news report, FELDA is negotiating with state governments holding 9pc of FGV shares.
What are the possibilities of the stock going higher? With the current political situation I don't think the state governments under BN or UMNO willing to give an easy way for FELDA to buy FGV cheap from them.
2021-04-20 12:38 | Report Abuse
Don't think gomen has money to buy back FGV shares. This privatization supposed to use the gomen money to pay debts and take the company private. But Muhyiddin said recently gomen has no money.
2021-04-18 14:28 | Report Abuse
@callwalluk your broker is wrong. Tell him to buy back the shares. So unprofessional they are.
2021-04-07 18:01 | Report Abuse
Nice closing price. Hello rm2.
2021-03-24 05:29 | Report Abuse
I am ok if it is Felda selling to fulfil the public spread requirement. It also will mean that FGV will not be privatize.
2021-03-18 13:23 | Report Abuse
I am definitely holding because the next crisis will be food scarcity and FGV is one of the major players in this sector with its palm based products and MSM.
2021-03-18 09:40 | Report Abuse
Good news if Felda reducing their share in FGV. We can expect FGV to continue uptrend in line with other plantation counters.
2021-03-16 15:09 | Report Abuse
Great reset will increase food price. Even soy price is sharply increasing now. Fgv is also a food play. Hold. May be foreigners interested in FGV.
2021-03-16 13:00 | Report Abuse
Buy today to get 3 sen dividend. Tomorrow is exdate.
2021-03-16 11:48 | Report Abuse
FGV share price shoots up after privatisation exercise fell through
KUALA LUMPUR (March 16): Investors snapped up shares in FGV Holdings Bhd after its privatisation exercise failed due to low acceptance of the takeover offer made by its controlling shareholder Federal Land Development Authority (FELDA) at RM1.30 per share.
FGV’s share price soared 25% shortly after the opening bell as the group had missed the rally that most of its plantation peers enjoyed over the past few months due to strong crude palm oil (CPO) prices.
At the time of writing, the stock had shot up 33 sen or 25.4% to RM1.63, with 41.24 million shares changing hands. The stock earlier climbed to an intraday high of RM1.67, a 28% jump from its previous close at RM1.30.
In contrast, FGV’s 51%-owned sugar refining company MSM Malaysia Holdings Bhd saw a reverse reaction as it fell 13 sen or 7.03% to RM1.72 from its previously close at RM1.85.
Yesterday, FGV said FELDA only obtained 81% equity interest in the plantation group as the offer closed at 5pm — out of the required 95% needed to trigger a compulsory share acquisition and take the listed company private.
FELDA’s takeover offer was at RM1.30 a share, which valued FGV at RM4.74 billion, a 71.43% discount to its 2012 initial public offering (IPO) price of RM4.55 per share.
This was deemed to be an unattractive offer price, especially against the strong CPO prices.
“We think that one of the factors that contributed to the unsuccessful attempt to take over FGV was the unattractive offer price of RM1.30. With current CPO prices breaching RM4,000 a tonne, also an all-time high, minority shareholders might have been seeking higher valuation,” MIDF Research wrote in a note today.
MIDF maintained its "neutral" call on the stock with an unchanged target price (TP) of RM1.31.
The offer, which was first announced on Dec 7, 2020 and turned unconditional on Dec 23, saw its deadline postponed three times from the original Feb 2 to March 15.
Following the unsuccessful attempt, FELDA will now have to address the minimum requirement of the public shareholding spread of FGV. Bursa Malaysia requires a public shareholding spread of 25% as opposed to 19% in FGV currently.
2021-03-16 11:17 | Report Abuse
Remember exdate is 17 March. Collect dividend first then think about the next step.
2021-03-16 09:33 | Report Abuse
Congrats everyone who is holding. It is Gamestop Malaysian Edition for FGV.
2021-03-15 13:05 | Report Abuse
Felda, the government, IB and media colluded to entice shareholders selling their FGV shares.
2021-03-10 08:28 | Report Abuse
Relax and collect the dividend of 3 sen first.
2021-03-09 09:44 | Report Abuse
good luck all!
2021-03-03 08:48 | Report Abuse
MSM’s share price climb puts Felda’s offer price for FGV in spotlight
MSM’s share price has exceeded a few analysts’ target prices at below RM1.30. The highest target price is at RM1.96 pegged by MIDF Amanah Investment Bank. The average target price of four analysts is RM1.41.
Interestingly, MSM’s share price is trading at a price higher than its parent company FGV Holdings Bhd, whose share price is currently trading at RM1.31.
The strong rebound on MSM has also cast the spotlight on the valuation of FGV shares considering that the plantation giant is in the midst of being taken private by its controlling shareholder Federal Land Development Authority (Felda).
With MSM’s share price having more than doubled recently, this means that FGV’s 51% controlling stake in the sugar company is now worth a lot more compared with when Felda launched its takeover offer in early December last year.
A back-of-the-envelope calculation shows that FGV’s 51% stake in MSM is currently worth RM480.4 million at the closing price at noon break today, translating into 16.9 sen per share compared with barely 3.7 sen as at end-2020.
To recap, Felda made a mandatory takeover offer to FGV on Dec 8 last year, offering to acquire all remaining shares in the plantation group (excluding treasury shares) at RM1.30 per share
2021-03-01 12:07 | Report Abuse
I am curious about the dividend. Ex date is March 18. But the offer ends March 16. What is everyone take on this?
2021-02-27 13:02 | Report Abuse
How can they declare dividend of 3 sen for 2020, yet they say they want to delist? I did not find anything about delisting from the news https://www.nst.com.my/business/2021/02/669254/fgv-black-rm150mil-net-profit-2020
2021-02-26 07:40 | Report Abuse
"Maybank IB said if FGV and the PACs succeed in controlling at least 90% of FGV shares, trading in the counter will be suspended upon expiry of five market days from the offer closing date."
Wow now they are saying 90%. I remember they keep hammering the magic number of 75% to delist the counter.
2021-02-23 18:05 | Report Abuse
Where is mickeymouse with his fear mongering rant today?
2021-02-19 09:45 | Report Abuse
So price is inching higher than the offer price.
Stock: [FGV]: FGV HOLDINGS BERHAD
2 months ago | Report Abuse
>Why need to issue preference share?
Yes, I am wondering too. Just abandon the privatization plan already or offer higher price to the shareholders.