Felda Global Ventures

Felda Global Ventures

Postby winston » Sat Jun 16, 2012 6:46 am

Felda Said to Raise $3.3 Billion in Malaysian Share Sale

Felda Global Ventures Holdings Bhd. raised about 10.4 billion ringgit ($3.3 billion) in this year's second-biggest initial public offering after Facebook Inc. (FB).

http://www.bloomberg.com/news/2012-06-1 ... -sale.html
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Re: Felda Global IPO

Postby winston » Thu Jun 28, 2012 2:45 pm

Malaysia’s Felda Global Leaps 18 Percent on Debut

Shares in Malaysian palm oil giant Felda Global jumped 18.46 percent on its stock market debut Thursday, defying global economic doldrums with the world’s second-largest IPO this year after Facebook.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281
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Re: Felda Global

Postby winston » Mon Jul 07, 2014 7:30 pm

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FGV's UK graphene venture to start operation by year-end

JEMPOL: Felda Global Ventures Holdings Bhd’s (FGV) graphene plant in Cambridge, the United Kingdom, will be ready in October and production is expected to begin at the end of this year or early 2015, said chairman Tan Sri Mohd Isa Abdul Samad.

“We have set up a company for this (venture), in which FGV owns a 70% stake. We are collaborating with the Cambridge University.

“We have also signed memorandums of understanding with several companies for the sale of this material, involving an investment of £20mil,” he told reporters when met after a breaking of fast at the Tuanku Muhriz Mosque in Bandar Seri Jempol.

The function, organised by Yayasan Felda and the Jempol parliamentary office, was graced by the Yang Dipertuan Besar Tuanku Muhriz Tuanku Munawir and Tunku Ampuan Besar Tuanku Aishah Rohani Tengku Besar Mahmud.

Isa was responding to Minister in the Prime Minister’s Department Datuk Seri Idris Jala’s statement that the National Graphene Action Plan 2020 aimed to generate a potential revenue of RM9bil and create 9,000 jobs by 2020.

Isa, who is also Jempol MP, said Felda was venturing into graphene production due to good returns and the material’s high prices.

In October last year, Felda signed a deal with Cambridge Nanosystems Ltd (CNS) under which it provides the raw material (by-products from crude palm oil) while CNS provides the proprietary technology to produce carbon nanotubes and graphene.

The material, a single-atom thick layer of graphite first isolated in 2004, is described as the strongest, thinnest and most stretchable crystal as well as the best electrical conductor known to man, and holds great promise for replacing conventional semiconductor materials such as silicon.

In Malaysia, graphene nanomaterials could benefit the electronics and electrical, oil, gas and energy, as well as palm oil and rubber industries.

Source: Bernama
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Re: Felda Global Ventures

Postby winston » Tue Jan 27, 2015 7:36 pm

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Felda Global Ventures - Cheap for a reason

We upgrade our rating for FGV to Hold from Reduce as we see limited downside for the stock from current levels, with the market already valuing its
plantation estates at below the replacement cost of new planting.

Its move to sell non-core assets will help improve sentiment. However, the stock is unlikely to rerate significantly as 4Q’s earnings are likely to remain weak and could come in below consensus.

On top of this, the stock may lose its position in the FBM KLCI due to its lower market capitalisation.

We cut our FY14-16 earnings by 4-7% to reflect the losses from the floods and Asian Plantations, and lower our SOP-based target price by 20%.

Source: CIMB
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Re: Felda Global Ventures

Postby behappyalways » Mon Jun 29, 2015 2:31 pm

The Sondakh-controlled group will also receive an immediate deposit payment of US$174 million, or roughly 23% of the total acquisition price, from Felda even before the completion of due diligence on the assets and cross-border regulatory approvals are obtained for the transaction.

Felda Global Venture’s Indonesian deal a bailout for Najib crony, say bankers
http://www.themalaysianinsider.com/mala ... ay-bankers
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Re: Felda Global Ventures

Postby winston » Sun Jun 11, 2017 12:18 pm

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THE REASON FOR FGV’S RM11 BILLION LOSS IN MARKET CAPITALISATION

Over the last five years FGV has lost more than RM10 billion of its market capitalisation and this will increase to RM13 billion by or before the end of this year.

What caused this? Well, the market has always been known to vote with its feet so this means FGV is suffering from a crisis of confidence. And this reflects on those helming the organisation.

THE CORRIDORS OF POWER

Raja Petra Kamarudin

Source: Malaysia Today

http://www.malaysia-today.net/the-reaso ... alisation/
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Re: Felda Global Ventures

Postby winston » Tue Jun 20, 2017 4:44 pm

vested

June 1, 2017

Felda Global Ventures (FGV MK) : HOLD
Mkt. Cap: US$1,493m
3m Avg. Daily Val: US$5.7m
Last Traded Price ( 31 May 2017): RM1.75
Price Target 12-mth: RM1.65 (6% downside) (Prev RM1.65)

Head above the water

1Q17 saw return to profitability

Plantation segment spiked on stronger CPO prices, production expected to ramp up further in 2H17

Sugar earnings hit by higher raw material costs, but expected to normalise going forward

Upgrade to HOLD as downside has narrowed to our TP of RM1.65

Source: DBS Alliance
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Re: Felda Global Ventures

Postby winston » Tue Jun 20, 2017 4:50 pm

vested

June 1, 2017

1QFY17 Results Below Expectations Last traded: RM1.75

FGV’s 1QFY17 results showed improvement but came in below expectations. The deviations were mainly due to lower contribution from associates, higher depreciation charges and higher-than expected operating costs.

Reported net profit amounted to RM2.5mn compared to a net loss of RM82.0mn in 1QFY16. The net profit has been affected by higher raw sugar costs, weakening Ringgit, impairment of receivables and provision for litigation loss recognised in the Plantation Sector.

Excluding the Land Lease Agreement (LLA), forex and other non-core items, 1QFY17 core net loss narrowed to RM18.8mn compared to RM86.6mn in 1QFY16. The improvement was mainly due to higher average CPO price, better margin from the downstream operation and
higher contribution from the Logistics and sector.

Source: TA Securities
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Re: Felda Global Ventures

Postby winston » Tue Jun 20, 2017 8:22 pm

vested

Putting FGV on stronger footing

BY MAZWIN NIK ANIS, RAHIMY RAHIM, andSYED AZHAR

On June 6, Zakaria, FGV chief financial officer Ahmad Tifli Mohd Talha, FGV Trading CEO Ahmad Salman Omar and Delima Oil Products Sdn Bhd senior general manager Kamarzaman Abd Karim, were told to go on indefinite leave of absence, which Isa said was a decision made by the company’s entire board.

The board’s decision came after Zakaria was told to resign by Isa, following a series of board meetings concerning delayed payments owed to FGV subsidiary Delima Oil by Safitex Trading LLC, an Afghan company headquartered in Dubai.


Source: The Star

http://www.thestar.com.my/news/nation/2 ... lERh0fr.99
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Re: Felda Global Ventures

Postby winston » Thu Jul 20, 2017 8:22 am

vested

FGV revisits past deals

BY HANIM ADNANandIZWAN IDRIS

FGV has spent RM4bil on seven acquisitions since the company went public in 2012, but so far has little to show in returns.


The stock was last traded at RM1.68 yesterday, down from its recent peak of RM2.12 in late April. The company sold its new shares to the public in 2012 at RM4.55 each.


FGV is 33.67%-owned by the Federal Land Development Authority.


FGV would be looking at enhancing its internal efficiencies, ie, maintainence, irrigation and water management in the plantations, as well as undertaking scheduled replanting within budget at about 15,000ha per year, he added.

FGV, which is the world’s largest crude palm oil producer, is also facing severe labour (harvesters) shortage.

“We look forward to getting the first batch of about 300 to 400 foreign workers by next month.”

Sulaiman said inadequate workers in its oil palm plantations was costing the company around RM2mil in revenue per day. To date, it employs about 35,000 foreign workers.

As part of the group-wide consolidation exercise to rationalise non-economical assets this year, Zakaria was reported as saying in March that FGV was closing down four palm oil mills, two rubber-processing plants and a palm oil refinery this year.


Source: The Star

http://www.thestar.com.my/business/busi ... QGMvcVx.99
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