Looks like it is trying to build a new lower base at 0.64. What has actually happen to this stock?

The next low is going to be $1.64 (which is -7% from today, reasonable). After that it might take a couple of weeks to come back down to $1.50 which is a level where FELDA can make a reasonable takeover offer.

Dividend is $0.08 . So price will logically allow for ex-dividend. Opening price was $1.83.

They can't brush this aside. Sooner or later they will have to be liable for the compensation. It has already got the company into financial difficulties where they are required to lodge a monthly report on a regularisation plan with Bursa.

In my opinion if you want to follow palm oil don't follow FGV, go for the other related palm oil coys. FGV has very limited free shares. Most of it is held by FELDA. It has since move to it's latest bout of highs since sitting on it's stable price of $1.50 for a long time. Do your own analysis.

Do we really need a case management now after all waiting for that long?

"The Company wishes to announce that the Kuala Lumpur High Court vacated the hearing of the Originating Summons scheduled on 8 December 2021.The next hearing dates will be held on 11 and 14 March 2022 as previously scheduled by the Kuala Lumpur High Court."

Is this still on?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3217137

Gap is gone . Has been closed off at 1.04

More bad news looking forward. According to Topglove :
"Better ASPs will be supported by less aggressive pricing competition. Glove makers are unlikely to sell their new glove production at lower prices after running down their high inventory level," its executive director Lim Cheong Guan said at the virtual press briefing.
Only hope is they have locked in a forward cover price for their sales.

If they are still working on a big sale from the test kits, they might as well give up. Covid-19 induced industry is over, just look at the collapse of Topglove. Management are very slow in their actions.

Dont think my call of 0.85 deserve to be red flagged. It was that close. The thing is if you can't stand a logical differring opinion then you shouldn't be in the market, whoever you are.

Getting to 0.85 is not impossible. The low so far for today is 0.865. You only need a few more margin calls panic and it will be looking at 0.80

The 0.40 price doesn't look too unrealistic at the moment. It could very easily touch this price in 2 days.

New low @ 0.485!

If it hits 0.50, the 1 year chart will show a clean double top.

With Dow o'nite down 797, Nasdaq 482, this could easily come back to 0.50. Don't rush in.

Don't be so quick, heading for 0.52.

Heading to 0.85.

Is it that bad that we have to off load it to company buyback?

Opcom is not operating in Europe!

Definately tiime to sell and buy back later for another round, don't hesitate. There is not going to be a takeover with the Russian invasion. I know we are miles away from the action, so is the MH17 that was there before.

Overnight dip in Dow, and clearer news on Russian invasion means tommorow's price will be down.

Obviously that QR news is not strong enough for Morgan Stanley to go on the attack. Might need the next QR to see what happen next.

If you all are hoping for $2.00 soon, then you can forget about a takeover or GO.

After all that news still can't stay above 0.70. Obviously needs a bit of a pump or better news with sales figures.

Are the Directors working? Todays news is that there is a shortage of Rapid Antigen Test Kits (RATS or RTK). Do they need the order to be presented on their lap or are they capable of chasing a deal?
No shortage of Covid-19 self-test kits in KL and Selangor, but some pharmacies caught off guard by sudden demand.
https://www.malaymail.com/news/malaysia/2022/02/23/no-shortage-of-covid-19-self-test-kits-in-kl-and-selangor-but-some-pharmaci/2043281

Bit of a volume going through this afternoon on 0.70

This mob has no idea. All they have to do was keep releasing updates on Wellness venture or RAT updates. No news is bad news.

It sure looks like someone is trying to short this counter.

The price is going to be locked in this current range until the buy back is finished.

This is MALAYSIA. Until we wake up or do something about it, it is Malaysia boleh. We got a good idea in forming MACC but they are doing the opposite of what their name suggest. Oh I forgot we got a TAN SRI who is just as bad as the crooks, they are trying to catch running the show.

Somebody get the book out on the "Rise and fall Tony Fernandes"

Good QR results or good dividends only mean that FELDA will take 80% + of the benefits. We can all collect the scraps. BURSA better do something about it.

Sooner or later KARMA will get your indian scalp.

Like I have said a long time ago. This guy is worst than Boss-Ku. A crook is a crook no matter how you present it. I bought something which you didn't deliver, so I should get a full refund. By right you should pay me double what I have paid, two fares for one. I didn't get any interest and this was not free loan because you are well known Malaysian. Oops, should have said well know Malaysian Crook

Todays high is only 0.49 and they are buying back at 0.475.

Well known name, pity it's share price does not reflect it's goodwill name.

Don't forget that it had a 1 for 1 bonus issue back in sept 2020. Too much shares, that is why there is buy back.

Very high turnover for just a 0.02 increase (4.2%)

Mah Sing launches Erica Phase 2 @ Meridin East.
https://www.theedgemarkets.com/article/mah-sing-launches-erica-phase-2-meridin-east.
It will be awhile before it appears on the bottom line to be beneficial to us shareholders.

RM$4.00? Dreaming, cannot believe there are people still living in the past. Wake up.

Wonder if any of that high volume sale on Friday 11/2 belongs to FELDA. They have only made an announcement up to 9/2.

Good golden number. Looking back at Eddie Ong's last go, if he wants it there is no stopping him. He is pretty agressive with his objective. I thought at that time he would have stopped earlier.

targetinvest
Thank you for your comments. I am sorry if it sounds like a dig at you. I really appreciate your comments, just that on my own analysis I cannot seem to think it was possible. I sincerely hope you are right. I am still here for the ride.

I hope so, Thank you. I am thinking closer to 15%. Not sure where to after that.

targetinvest
Was that a discreet suggestion that this counter was going to take off?

Good start 3 days of high turnovers.

GhostRider999
Hope you realise they are two different Ongs.

Can't even believe your first target of $1.50. You are too bullish.

targetinvest
That is making a hell of a bulish assumption. Don't think it is going to happen.