Bernama:
Kedudukan Datuk Zakaria Arshad sebagai CEO FGV akan ditentukan Lembaga Pengarah FGV selepas semua siasatan selesai - PM Najib

http://www.theedgemarkets.com/article/fgv-appoint-sulaiman-mahbob-chairman-%E2%80%94-report

http://www.theedgemarkets.com/article/fgv-active-hints-boardroom-changes

https://malaysia.yahoo.com/news/shahrir-hopes-leadership-change-fgv-135806193.html

KUALA LUMPUR: Malaysia will raise its crude palm oil export tax to 6.5% in July from 6% this month.

According to the Malaysian Palm Oil Board, effective July 1-31 the calculated palm oil reference price will be RM2,890.04 (US$676.35) per tonne.

“A price above RM2,250 incurs a tax, which starts from 4.5% and can reach a maximum of 8.5%,“ it said.

Malaysia, which is the world’s second largest palm oil producer after Indonesia, has lowered the tax for a third consecutive month in June, down from 7% in May. - Bernama
Read more at http://www.thestar.com.my/business/business-news/2017/06/16/malaysia-to-raise-cpo-export-tax-next-month/#QKFb7r5jtGHdIFyE.99
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Small matter, export tax was 7% in May, then 6% in June and now 6.5% in July. It fluctuates up and down.

ARTICLE ON "FELDA MULLS PLANTATION TRUST"

The Board of Directors of Felda Global Ventures Holdings Berhad ("FGV") wishes to clarify that after making due enquiry with Federal Land Development Authority ("FELDA") as the major shareholder, FGV was informed that there has been no discussion on this matter at FELDA Board level.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5462989

Wow! 16394,00 shares transacted at RM1.76 at 4.50 pm.

We are not waiting for FGV to be financially strong. We are just waiting for the board room feud to be resolved by next week before Hari Raya by right replacement for the corrupted board member(s) to be announced by the Prime Minister.

Yes, next Tuesday is the deadline for the CEO and CFO to answer the show cause letters.

I bought on breakout on last Tuesday and I have paid for my shares. Those who want to contra, let them be washed out first.

Najib will announce the solution for FGV at a right timing. I think it should be before Hari Raya.

Today is T + 3 of Tuesday's high volume surge. Let it rest for a while. Najib has yet to announce any solution. Still got chance to breakout.

One telegram group want to push up FGV at 4.00 pm. See how true it is?

Hope tomorrow can be miraculously unchanged. Dow Jones Futures now -57.

I think the worst is over for FGV (just like DRBHICOM). TP2.00

As long as the solution is yet to announced. there is still room for further rise. Immediate TP is of course RM2.00.

https://malaysia.yahoo.com/news/fgv-report-completed-idris-jala-101018663.html

https://malaysia.yahoo.com/news/second-generation-felda-settler-demonstrate-104314197.html

http://www.theedgemarkets.com/article/leaked-report-raises-questions-eagle-highs-value-ahead-stake-buy-felda-%E2%80%94-ipom

After Hari Raya Aidil Fitri, all firing and new election will be announced and thus FGV can go back to RM2 and all CW will rise together.

It’s all over for the FAANG stocks
[MarketWatch]
MarketWatch12 June 2017

When super-momentum stocks like Facebook, Amazon.com, Apple, Netflix and Alphabet (Google) crack, they fall hard and may take years to recover their former glory.

https://sg.finance.yahoo.com/m/378c6bd3-6a65-3564-b418-d14e7655d7dd/ss_it%E2%80%99s-all-over-for-the-faang.html

Hope Nasdaq will miraculously rebound last 30 minutes from 3.30 am to 4.00 am tomorrow morning. JHM after ex-date has high probability to rise because the bonus scripts have not credited into shareholders CDS account yet. It will be credited into the shareholders CDS account on 19 June 2017 (next Monday).

Dow 21,287.09
+104.56 (+0.49%)
Aiyoo! At 11.00 pm Friday, Dow Jones goes up so much and next Monday no market. Wasted.

Obviously today the operator just let go and let the share float by itself. So go down 1.5 sen to only 29.5 sen (the lowest close since 25 April 2017).

Still got 3 more days to go (Friday - 8/6/2017), (Tuesday - 13/6/2017) and (Wednesday - 14/6/2017). Assuming it ex at RM5.46, then on ex-date (Thursday - 15/6/2017), it starts at RM2.73. I think it can easily go up to RM3.00 and above in a short period of time.

I am still with JHM. Wow! GDEX surge 5 sen after ex. This is equivalent to 20 sen surge before ex. Hope JHM can show the same performance before and after ex.

khchang: If buy on 2molo still can receive bonus issues?
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No, tomorrow GDEX will start trading at RM0.68 while GDEX-WB at RM0.42.

Today the selling on Connect and Connect-PA is so intense.

Dear Alex, please call Shafiah Jamaludin (of Symphony Share Registrars Sdn Bhd) tel. no. 0378490777. Give her your email and she will email you the form. Fill up the form. Prepare cheques for conversion fee and service charge as instructed in the form.

I have got the conversion form for ATTA-LA to mother share already. The person in-charge Shafiah Jamaludin said the conversion price is RM0.90 per share. That means now ATTA-LA still have 3.5 sen discount.

kevin008 TP for ATTA-LA is more realistic compared to StocksGod TP.

Company Name ：DRB HICOM BERHAD
Stock Name : DRBHCOM
Date Announced ：2 JUNE 2017
Type : Announcement
Subject : ARTICLE ENTITLED “MORE TRANSPARENCY IN PROTON GEELY DEAL, PLEASE!”
Contents : We refer to the above article entitled “More Transparency in Proton – Geely Deal, Please!” which appeared on page 4, Focus Malaysia for the week June 3 – 9, 2017 in particular to the following sentence:
“But the next day, DRB told analysts the 49.9% stake was valued at around RM770 mil.
Geely would pay RM170 mil cash and give Proton the rights to its best – selling model, the
Boyue, valued at RM600 mil.
It seems strange that DRB would disclose the pricing details to analysts and not shareholders.”
DRB – HICOM Berhad (“DRB – HICOM” or “Company”)
wishes to clarify that the valuation of Boyue rights of RM600 million
as explained during the analyst briefing held on 25 May 2017 was merely
an assumption in the attempt by the management to illustrate on how the
assumed valuation of Boyue rights will lead to the implied valuation of Proton.
During the same meeting, the management also highlighted that it is currently in the process
of estimating the value of in-kind injection of the Boyue model.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5451657

On 25 April 2017, Maybank Investment Bank Berhad (“Maybank IB”), on behalf of the Board of Directors of SEM (“Board”), announced that the Company proposed to undertake the Proposed Rights Issue.

On behalf of the Board, Maybank IB wishes to announce that the Company has today decided not to proceed with the Proposed Rights Issue after taking into consideration general feedback as well as market reaction to the Proposed Rights Issue.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5449873

======================================================================

Good news. SEM will rebound.

RM1.59 why not. Many were caught at RM1.70 - RM1.80.

Today is the last trading day for C24. So tomorrow can clear RM1.60?

Both parties (DRBHCOM/PROTON and GEELY) expect to sign the Definitive Agreement in July 2017. Roadblock at 1.60 (10765.00 shares) impossible to be cleared until the Definitive Agreement is signed in July 2017.

T + 3 today, those who want to contra sell should have already sold (let be it gain or loss). Those who want to pick up their shares should have already paid.

DRB (BUY) (Hong Leong Research)

Worse is Over; Entry of FSP in next Quarter

Below Expectations – DRB reported core loss of RM245.9m for 4QFY17 and RM525.4m for FY17, worse than HLIB’s loss expectation of RM323.6m, dragged by worse than expected loss in automotive segment.
YoY: Core loss reduced by 12.2% yoy mainly on higher sales (automotive and property) and lower bank provisions.
QoQ: Core loss worsened due to lower sales of Deftech and weakened sales and margins from automotive.
FY17: Core loss expanded to RM525.4m (from RM467.9m in FY16) due to lower automotive sales and contribution from associates/JVs.
Outlook: With the emergence of Geely as Proton’s FSP, DRB would benefit considerably from cash proceeds and transfer of assets (from Proton) while leveraging on Geely for Proton’s turnaround.
The signing of Definitive agreement will be by July 2017.
Maintain BUY with unchanged Target Price of RM2.58, based on lower discount of 20% to SOP.

If based on the trading on 30 Nov 2016 (after announcing a loss of RM309,633,000), it opened at RM0.92, down 6 sen but closed off low at RM0.965. After that on 16 Nov 2016, it closed at RM1.24.

I think bull market is temporary over. Whether it will come back or not, I don't know. Telegram groups who used to post hundreds of buy recommendations now all quiet. Can hardly see their post now.

I think bull market is temporary over. Whether it will come back or not, I don't know. Telegram groups who used to post hundreds of buy recommendations now all quiet. Can hardly see their post now.

I think it will go down to 1.40 due to extremely poor market sentiment and fearful traders sell panicly even though a few sifus say this is only a temporary consolidation (correction).

Sell down again in the second session.

Afternoon session big sell down again like the two previous days?

Still got a big stone blocking our way. The money losing 4th quarter result. After this, might be better.

DRBHCOM-C33 (expiring October '17), many cut loss at RM0.10.

Wednesday T + 3 and Thursday T + 4.

Maybe RM1.40 by Thursday after the negative results on Wednesday (after market close).

I think RM1.50 should hold.

Wait for 4th QR to come out first. See how bad. Then only average down.