http://www.thestar.com.my/business/business-news/2017/10/04/zakarias-fate-still-uncertain/

“The fate of Zakaria is left to the Prime Minister Datuk Seri Najib Tun Razak. The Government, which has the golden share, appoints the chairman, president/CEO and one director of FGV.

“So, only the Government has the last say on Zakaria. The findings of the investigations will be submitted to the Government for consideration,” said a source

http://www.thestar.com.my/business/business-news/2017/10/03/fgv-chief-financial-officer-to-resume-duty-tomorrow/

Collect more....

There is a small coverage in Focus about FGV this week. It was mentioned that 2 of the executives was reinstated and return to work this week.

Zak and the CFO is still pending but the company is expected to make an announcement on this
soon.

Question: Based on the verdict on these 2 executives, what would be the fate of the other two, especially Zakaria? Your guess is as good as mine....

Reload at 1.52

Consolidated well for the past few days. Looks ripe for another push up soon

Good?

http://www.theedgemarkets.com/article/affin-holdings-gets-bnm-green-light-stake-axa-affin

FGV came out with Bursa announcement (during TS Sulaiman) saying that they will announce the outcome of DI by early last week. Reason cited was one of the panel member was on business trip. Now, the week has passed without any announcement made on the outcome.

Granted, the Chairman has changed during that period, but as a Company, shouldnt FGV abide the previous Company announcement to Bursa?

Or if there is any change in earlier plan, shouldnt a new announcement being made to supersede the previous one? Otherwise, it can be construed as misleading isnt it?

I could be wrong but I feel that this whole delay could be handled better to instill investor confidence.

Mr Market is telling something.

Mr Market favours Zak to be back.....

Mr Market doesnt like the current delay.....

FGV.... pls make up ur mind and announce to Mr Market once and for all....

Please stop making stupid drama.... nobody likes it

@gcke. I concur with your point No 3, 4 and 5.

On background of point 1 and 2, please refer the comments by RPK earlier. My observation, he is quite spot-on on this Felda/FGV saga:

https://www.malaysia-today.net/why-isa-samad-wants-to-get-rid-of-zakaria-arshad/

Both Chairman and CEO are appointed by PM.

And the DI panel / BOD want to dismiss the CEO which was appointed by PM.

And what was the main issue again? Epanding credit facility to a 20 yrs client?

Come on.

The way I see it, Azhar needs Zak more if he is serious to turnaround FGV. Work with Zak to scrutinize all those shady deals. Plug all the leakages.

I seriously hope Zak will be reinstated. That may prove to be the quickest way to restore confidence in this company.

Heard B15 will start producing gas very soon.

Most likely after 5 pm today. Judging from price action, market is anticipating a positive outcome from the DI announcement.

Im speculating of Z's return.

If that happens, then good news

You guys think Zack will return or not?

Azhar turut ditanya mengenai kekeliruan susulan pengumuman oleh Bursa Malaysia pada petang semalam bahawa FGV tidak menerima makluman bertulis daripada Menteri Kewangan (Diperbadankan) mengenai pelantikan beliau sebagai pengerusi FGV.

“Perkara itu akan selesai pada pagi Isnin,” kata Azhar.

https://m.malaysiakini.com/news/394663#aZZXtHZ6jzxQtLMI.97


Looks like the announcement on DI will be under the charge of the new Chairman!!

http://m.utusan.com.my/berita/nasional/apa-motif-fgv-tidak-iktiraf-pengumuman-pelantikan-azhar-1.524365

Indeed, Azhar was mooted to be the CEO initially.

My speculative thinking is that those in power may already know the outcome of Domestic Inquiry. The appointment of Zack as FGV CEO comes with PM's blessing. Pressing a charge against PM appointed candidate through the inquiry may be a suicidal attempt. Unless, he resign from the post 'to pursue personal interests', just like what happened to Isa earlier. That is a more subtle way of vacating the post. But in Zack's case, we know that is not going to happen since he already confirmed that he will not resign. He even prepared to bring the case to court if he was dismissed illegally. Looks like he has a strong case to defend himself ( not to forget Zack appointed TS Shafee as lawyer to defend him in the inquiry)

Hence, Azhar is appointed as Chairman instead, which may not be bad after all.
There is already growing voice representing settlers that wish to see the combination of
Azhar + Zakaria to lead FGV.

Not surprise to see major changes in BOD if that happens. FGV simply need a fresh line up that is free from previously overpriced, weak and incompetent management. Complete overhaul is needed urgently.

Just my 2 cents.

https://m.malaysiakini.com/news/394509#IdccYVrpRDeAVxm2.97

Datuk Wira Azhar (Ex MRT Corp CEO) as new FGV Chairman. He is replacing TS Sulaiman Mahbob.

The fate of Dato Z as president and CEO will be made known early next week.

Good news. Well done Z.

http://m.thesundaily.my/news/2017/08/04/affin-seeks-bank-negaras-approval-stake-buy-axa-affin-general-insurance

PNB, KWAP still buying. Good sign

Looks like perstistent buying buy big funds continues. Agree with @sogeking that oil movement has less impacting Senergy price movement.

After all, when crude oil price crash to 23 usd/barrel last year, the lowest price for Senergy was 1.33. It then rallied to 2.00++ in line with recovery in crude oil price.

With crude oil price almost double now from last years' low, downside looks like quite limited at this price level. We may not revisit 1.53 level for now.

Russia decided not to join further cuts and caused crude to tumble almost 2% earlier today.

The fact that it has rebounded strongly now may well suggest the bull is in control. Summer season hopefully will reduce inventory in the physical market which is all good for the price moving forward.

Indeed, it doesnt affecting much.

But the fact that there is heavy accummulation by big funds may provide some indication on what to do with Senergy at this price level i.e hold, top up or slowly accummulate.

Ultimately the oil price movement will dictate energy counters' movement. And the good thing is, the oil price rebounded from 45 dollar level and looks set to rechallenge its uptrend resistance at 58 level (brent) in the immediate term ( 3 months)

I wish everyone make money and happy. Good luck all....

Big fund buying again.....

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5218

Big funds accummulating actually....

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5218

K.v. Lim.... hope Brent can sustain or move higher tonight. Then good chance for it to test 1.75 in the near term.

Currently, the number of traders that place short on crude oil is at all time high.... hence many contrarians are slowly making a buy call on energy sector... worst maybe over for now.

Smart money may beat the crowd once again this time.

There u go. Roadblock gone. Hope can kiss 1.75/1.76 tomorrow!!

I feel like the party has just started

Ok la oldman, never feel guilty taking profit

Brent futures break 49. Good.

July is normally a bullish month for oil

Worst is over?

FGV has been fair to Z by granting extension until next Thursday.

Now Z has to be fair to FGV. Either answer or just pack your bag.
Do not drag everybody in this whole mess.

Yes kakashi... oil rebound more than 2%, how can SENERGY drop tomorrow? Most like likely up!!!

Plus I have the feeling that syndicates use the not so inspiring quarterly result to press down the price these few days. From 1.90 level, down to 1.53 lowest today.

That is a whopping 20%. What has changed fundamentally? Not much really....Plus SENERGY will start supplying gas to Petronas in Q4 this year and that shud be plus point to me.

Good luck all....

http://nexttrade.blogspot.my/2017/06/wtic-at-crossroad.html?m=1

Epf buy more than dispose. How?

Hopefully 1.70 support holds for the time being.

Nice. Hope 1.56 support can hold.

Good opportunity to enter NOW

Azhar the ex Malakof MD must have something secured for him before resigning.
I concur with the view that Zakaria will be out. After all, Isa already hinting it by saying
"Nobody will win, nobody will lose". Perhaps some token is planned for Zakaria as well.

The only thing is how long the FGV internal investigation may take to come out with their
verdict?

Worst case scenario, may take a while to conclude. Most likely after Raya. This is not
favorable to the share price unfortunately.

Best case scenario, before raya and immediately announce replacement before Raya break.
After all, PM said he wants the crisis to be settled before Raya isnt it?

Technically, FGV may retest downtrend line after recent breakout located at 1.69/1.70.
Hope this holds. Otherwise we may see further consolidation will take place.

LTH bought, Price range: 1.66-1.75
KPF bought (19/06), Price range: 1.77-1.87

Special dividend will be proposed during EGM expected in Q3, not during AGM today

If not mistaken, I saw todays agenda mainly on directors renumeration, proposed change of company name as well as proposed share buyback

Dont think there is any agenda on special dividend during AGM today right?

In the mean time, hopefully the entry of fund (KPF, LTH) may support the share price moving forward. They may know whats in store ahead of us

Lets give a bit more time for Shahrir, Sulaiman and FGV itself to do what they plan to i.e improve corporate governance and instil market confidence.

Next quarterly report in Aug may be a good opportunity to reassess ones decision. After all Shahrir has openly declare in the Star that the share should be worth 2.50-3.00.

Time will tell.

High likelihood MSM will record better profit next quarter. Raw sugar price drop 40-50%.
Good for FGV too.

If Safitex manage to settle the payment by end of this month (as implied by Zakaria earlier), the. They can reverse the impairment this coming quarter, believe to be around RM 30 mil

And one more thing is the sale of AXA insurance to Affin in which the negotiation is still ongoing.

These above is on top of their normal palm oil business. Looking forward for next q result in August!!

Relax la, the big elephant in the room is no more there. Give time for new chairman to start his work to turnaround FGV.

One thing for sure, Shahrir is the new King of Felda and indirectly FGV now. Judging by his statement, he believe FGV has potential and current value should be 2.50-3.00 right? Even the new FGV chairman want to correct the wrongs in FGV. So it should recover slowly from now on.

And if I recall, one of the main reason EPF exited FGV was due to poor financial standing and weak management/governance. Even Idris Jala also highlighted in the findings report.

One thing for sure actions are in place to address those concern and the share price shall recover along the way. To be safe, go long with FGV if one do not wish to be subjected to daily price volatility.

Long FGV!!

Not a bad closing. Green in the middle of red sea.

One thing for sure thing are not gonna be the same again for FGV. Surely after Pendek is out,
It is for the better, not worse.

All the best!!! Long FGV is the name of the game!!!