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Election counter?
04 Jul 2012, 02:49 PM
Contingency to losing election, all assets park to cronies ?rant
04 Jul 2012, 09:40 PM
WOW!!!! Getting lower and lower........
10 Sep 2012, 12:59 PM
Hahahahaha.. This is Call malaysia.. Malaysia Boleh Land~
11 Sep 2012, 11:13 AM
Wow!! A nice white hammer at closing today! Volume has to come ..............
11 Sep 2012, 05:46 PM
let target the price drop below RM2.50
12 Sep 2012, 03:33 PM
FGV ($4.54) sideway, chances to move higher if closed abv $4.60lol
12 Jul 2013, 08:58 AM

Latest News

From The Edge, Politics & Government

‘BN will call for election very soon’
By Meena Lakshana / The Edge Financial Daily | August 11, 2016 : 11:15 AM MYT
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This article first appeared in The Edge Financial Daily, on August 11, 2016.

KUALA LUMPUR: Former deputy prime minister Tun Musa Hitam expects Barisan Nasional (BN) to call for a general election soon, and that the new political party formed by former prime minister Tun Dr Mahathir Mohamad and former deputy prime minister Tan Sri Muhyiddin Yassin may not be prepared for it.

“I think Barisan Nasional will call for an election very soon,” he said at a press conference yesterday, after launching his book entitled Frankly Speaking.

“Most of them (leaders of the new party) are experienced enough to be an effective opposition group.

“But the reality of politics may make it very difficult and challenging in view of the time factor, meaning before they can even come to agreement on the first item of the agenda, the election is already happening, which means [Prime Minister Datuk Seri] Najib [Razak] has already beaten them in terms of time,” he added.

Musa said he is sceptical whether the new party, Parti Pribumi Bersatu Malaysia (Bersatu), will be able to succeed, saying it would have to form a cohesive coalition with the opposition to win in the election, and that poses various problems.

He said, based on past experience, having an unanimous political stand on issues, strategies and vision for the country had been a challenge for the opposition.

“I would have to assume that if they want to be successful, they have to get together with the opposition. I’m told they have been talking to each other.

“Past experience shows that to become a cohesive force is a challenge in itself,” he added.

He said for Bersatu and the opposition to hold majority power in a parliamentary system, they need to win the election, which depends on unanimous decisions on seat allocation.

“To win the election, they must be able to allocate seats. They must be unanimous in their allocation of seats.

“Most of the time in the past, it had never worked,” he added.

Musa also said Bersatu faces challenges in winning over votes from Malay voters, who now have three choices.

However, he said, the formation of Bersatu is positive for democracy, and the impact of Bersatu can only be ascertained once the election is held.

“I like the two-party system. If there is a party strong enough to call themselves [the] opposition, I think it’s good for the country because checks and balances in the parliamentary system are essential to make the government really represent the people,” he added.

Bersatu was registered with the Registrar of Societies on Tuesday, with Dr Mahathir serving as chairman, Muhyiddin as president and Dr Mahathir’s son, Datuk Seri Mukhriz Mahathir, as vice president.

Muhyiddin reportedly said “the party is inclusive in nature, progressive and open-minded”, with full membership open to bumiputeras, while non-bumiputeras can be associate members.

Associate members are not allowed to vote or contest for party positions, but can be appointed to key posts.

Bumiputeras include Malays, natives from Sabah and Sarawak, and Orang Asli groups.

The party was formed after Muhyiddin and Mukhriz were sacked from Umno for questioning Najib’s leadership over the 1Malaysia Development Bhd scandal, and is expected to comprise former Umno members.
20 Aug 2016, 04:56 AM
KUALA LUMPUR: CIMB Equities Research projects Felda Global Ventures (FGV) will report a core net profit of between RM20mil and RM30mil in the second quarter ending June 30, 2016 (2Q16).

It said on Monday the key drivers for the 2Q improvement is higher fresh fruit bunches (FFB) output and selling prices. This will be the first quarterly results under the new CEO’s watch.

“We cut FY16-18F earnings by 3%-23%, to reflect our recent earnings cut in MSM. Maintain Add with a higher TP of RM2.76, as we roll over target price to end-2017,” it said.

CIMB Research said FGV posted 12% and 14% declines in FFB output in 2Q and 1H16, respectively, as its estates’ yields were affected by El Nino. However, FFB production jumped 38% on-quarter due to seasonal effects.

“In view of this and stronger crude palm oil (CPO) prices (up 13% on-quarter), we estimate FGV to post a core net profit of RM20mil to RM30mil in 2Q16 vs. core loss of RM61mil in 1Q16.

“Core net profit is reported net profit less fair value of land lease agreement (LLA) liability and one-off items, plus actual payment of LLA. We think 2Q16’s core net profit will be slightly above 2Q15’s RM16mil,” it said.

The research house expects the plantation division to report better performances in line with the stronger production and prices.

The downstream business is expected to post weaker earnings due to lower FFB purchases from third parties and FELDA settlers in view of El Nino.

As for the sugar division, CIMB Research said it may report flat to lower on-year earnings on weaker margins due to higher raw sugar costs and higher tax rate to offset stronger sales volumes.

“We project FGV to report lower administrative costs in line with on-going initiatives to reduce costs,” it said.

The research house pointed out this would be FGV’s first quarterly results with Datuk Zakaria Arshad as CEO, a position he was promoted to on April 1, 2016. His immediate plans were to improve estate yields, ensure previous M&As delivered the promised returns and cut admin costs by RM100mil in 2016.

“We expect investors to scrutinise the results to look for signs of improvements in these areas in the upcoming results. We do not expect FGV to declare dividend as we think the group will remain in the red in 1H16, with an estimated core loss of RM31mil-RM41mil.

“We are cutting our FY16-18 net profit forecasts to reflect lower contributions from the 51%-owned MSM Malaysia, which accounts for all of the group’s sugar earnings.

"Following a recent visit to MSM, we lowered our profit projections for the group by 5%-15% for FY16-18 to reflect its inability to pass on the recent rise in raw sugar costs, even though the government has agreed to raise sugar prices in selected sectors.

“We maintain our non-consensus Add call with a higher sum-of-parts target price of RM2.76 as we roll forward our target price to end-2017 and lift our target P/E for the plantation division to 10 times, from nine times previously, as we are more positive on its turnaround plan.

“Although the share price of FGV has appreciated 67% since we upgraded the stock to an Add, we still like the stock due to FGV’s huge potential to reap low hanging fruits. At our new TP, the implied price-to-book value is 1.6 times and enterprise value/hectare of RM16,000 for its leased estates. Main risks to our call are lower CPO price and execution risk,” said CIMB Research.
23 Aug 2016, 12:20 AM
Mohamad Riyadhi

go longgggggg

29 Jan 2017, 09:24 AM

Will GE 14 be held soon?yeah

12 Feb 2017, 10:22 AM

04 May 2017, 01:11 PM

05 May 2017, 06:40 AM

05 May 2017, 06:41 AM

05 May 2017, 04:47 PM

17 May 2017, 11:42 AM

16 Jun 2017, 12:42 AM

16 Jun 2017, 12:44 AM

is this a hope? yeah

02 Feb 2019, 03:18 PM

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08 May 2020, 11:00 AM

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