2 mths to ink agreement, i feel 1.50 possible, once agreement signed 1.80 then up n down game may start.Then Q report important n basing on that Fund Mgrs hv to give their TP. For those new comers who feel jittery can hold for 2.00... 3mths from now....palm oil price+crude oil price is not imoroving so this stocks r down so fund mgrs will come here wt big volume n volume is what pushes price up....good luck trade at yr own risk.

Two thing positive to recover from loss n to reflect good profit.... Trs + on going patent right arbitration appers favourble...my2c

Fund Mgrs knowing well d prospects of this stk r going to start their dirty game of "up n down",I had my bad experience with Mitra, it was haggling 88-1.00 for about a yr n suddenly statrted miving very fast now 1.80 n tgt 2.90. Looks like same may happen to Engtex.....

http://www.thestar.com.my/Business/Business-News/2015/07/20/Engtex-eyes-RM300m-jobs/?style=biz

http://www.malaysiakini.com/news/305512

On June 28, 2012, despite the protest of KFP members, Felda Global Ventures Holdings Bhd was listed on the Main Market of Bursa Malaysia in a RM9.93 billion initial public offering. FGV was the second largest IPO in the world that year after Facebook Inc.

Dubbed the world’s largest crude palm oil producer and Malaysia’s second largest palm oil refiner, FGV is the third largest palm oil company in the world by planted acreage.

As at its IPO, FGV controlled about 500,000ha that were managed by 112,600 Felda settlers and another 355,864ha of leased land in Malaysia alone.

With the RM4.5 billion proceeds raised via the IPO, FGV has been on a spending spree, increasing its acreage and assets not just locally but also internationally.

To date, it has increased its acreage to 917,123ha via acquisitions in Indonesia and Malaysia. It has also acquired a 51% stake in FHB from KPF for RM2.2 billion, making the former a wholly-owned subsidiary.

If they cannot get 25-28 mt after replanting, fgv may get into danger zone, becoz they hv to pay 250 million annually n 15% of annual profit to felda, i call it a "mad ipo" which shareholder would want to invest here. Even for that matter EPF invested in fgv due to lacking in professionalism.B4 u go to U those days u must pass d HSC (higher school certificate) n must hv a pass in General Paper n professionslism starts on this paper hence education gone so no professional ppl.

Matters were not helped by the group’s free-spending ways. Should the latest proposed purchases go through, FGV would have spent more than RM7.6 billion on acquisition activities alone in under three years (see bottom graphics). To put it into perspective, this figure is more than FGV’s current market capitalisation of RM6.12 billion as at June 18.

The group is in a scramble to replenish its landbank with greenfield assets as nearly half of its palm trees are above 20 years of age. Apart from the old trees, it is also encumbered by expense charges that are unique to the group due to ongoing replanting activities as well as its relationship with Felda. FGV’s estimated all-in cost of production is above RM2,000 per metric tonne, by far the highest among Malaysian plantation players.

“The high cost structure is principally due to the land lease agreement (LLA) and its aggressive replanting programme. For the LLA, FGV pays a fixed annual payment of RM250 million plus 15% of plantation operating profits for estates leased from Lembaga Felda. For the replanting programme, the expenses are not capitalised but charged out into its income statement,” says Maybank IB Research regional plantations analyst Ong Chee Ting.....@Ring extract from Mal...Insider...for full text please read now.They claim now on agressive replanting, now let me ask one question do they hv d "agressive ppl" as compared to KLK/UP? It is very interesting to note, GLC Sim.......finished their replanting in penindular n pls find out what is their overall yield, are they getting d 25-28 mt all i know their yield is about 20mt. If their yield is 25-28 their share price will be similar to KLK/UP. Another question if FGV fail to get 25mt after replanting over n if still on 20mt.......I cant imagine d consequences......?

In every coffee shop,restaurant n bar,?there r only 2 topics of conversation.The ringgit n PM's next move. First, d ringgit. The local currency is now firmly settled @ 3.80 which is near 16 yr lows, unthinkable this time.During d Asian crisis palm oil price of about 3200-3500 saved d country.Now both oils (crude n palm oil very bad).If felda can sustain yield of 25mt can cushion d economy. FGV personnel dont understand what duty is. Thinking of only branded clothes n big cars n not thinking of d impact of low yield on d ecomony.All this so called policies r making ppl lazy hence "An endgame decades in d making"... to counter this weakness they r rushing to Indon...& New Guinea where they get yield of 30mt. Proactive action fgv m'ment must be handed over to IOI, i am talking of survival but Govt talking what ??????????

Crude oil n palm oil prices low so punters looking for other stocks n this counter seems promising hence fund mgrs r on d prowl.Water deal @ Govt level hv been finalised its a matter of inking.Fund mgrs hv paid this guy to give some negative talk to welcome panic sellers.I dont trust this clowns as i had enough wt these master mind punters.Well! make use of opportunity n if at all W drops to 40 good buy.....good luck?

http://www.thestar.com.my/Business/Business-News/2015/07/17/So-near-yet-so-far/?style=biz

Engtex is being speculated on d Langat2 project n they being d largest pipe suplliers not only here also to S'pore n 3rd world countries hence Engtex getting d contract seems very positive.Warrant has a conversion value of 1:1 n to me shd Engtex gets d contract 1.80-2.00 chances r good n warrant moves in tendem with mother.If mother 1.80 then W 1.00. My past experience W moved very fast n very high.Do some homework google n see what was d last prices b4 bonus issues to dilute d shares.....Q @ 305 u must be kidding I dont think it may even drop to 40 unless Global crisis but always remember Fund Mgrs capable of any damage....my2c

I dont have any Suma shares, i cut loss earlier. Please read next edition of d Focus Magazine d Rights Issues is in limbo may be delayed by 10 mths.

"Ramayana" originated from India,d story suppose to hv happened BC. Western scholars says its a greatest mythology of all times but d hindu says its a true event, since related to Lord Krishna n Anuman.The literatures comprises of 25 chapters, it can reach from d floor to d roof.Its all about,simple "all of us r born in this world to fullfill yr duty n once finished u return to where u came from"- "Duty Bound".Example 1. If d father fails in duty what happens n it goes so on referiing to teachers,mothers,Judges,children etc etc.If all of us "committed"there wont be corruption in M'sia. IOI comitted in their field m'ment so they get d 25mt in peninsular. I dont think IOI personnels would hv read d ramayana, not necessay becoz its commonsense. So what r students hv learnt- nothing so i would suggest introduce Ramayana as a literature in schools. Next u may find some group of ppl protesting saying Ramayana is hinduism but d westerneres says its a mythology so what u hv to say........!!!!!!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4804541

"God" i am a bit skeptical, Hitler killed 4 million Jews why god didnt take action but just watching! India is a land of multi religion n plenty of praying but corruption is very high n they will say, we r a poor country. Ghandi fought for independence without violence why another Ghandi was not born to speak against corruption n lead d country. Modi is trying to put India right. Indon...president Zokovic seems to be good so we need uncorrupted leaders.M'sia a country blessed wt natural resources but d poor getting poorer....hope God is reading this article!!!!????

True! Iris hv to prove?

after US/Iran sign agreement crude oil price dropping so r d oil stocks so ppl may rush to Engtex which is one of the top stocks besides Mitra, Minho ........etc

I already mentioned fgv plantation sector is collapsing, unless palm oil price goes up. I see a curse on oil industries both crude oil n palm oil price declining?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4803741

PETALING JAYA: Crude oil prices may weaken further following the successful conclusion of a nuclear accord between Iran and six other major powers including the United States......@Ring gone, petroleum stocks so punters may buy into other stocks like property, water pipe stocks n if TRS can give big profit as quoted by "Pakatan Rafizi who is a Harvard professional accountant" then Iris may shine, Rafizi made a point that profit is enormous from TRS hence shd be benefited by Customs. Right now patent right case going on in US n is fovourable to Iris, so we keep guessing!!!!!!!!

Tourists seen taking a stroll along George Town in Penang. – The Malaysian Insider file pic, July 15, 2015. Tourists seen taking a stroll along George Town in Penang. – The Malaysian Insider file pic, July 15, 2015. The Malaysian Association of Tour and Travel Agents (Matta) has urged Putrajaya to consider exempting the local tourism industry from the goods and services tax (GST).

Association president Hamzah Rahmat said the move would boost the country's tourism sector, which was suffering a slowdown.

According to him, the industry had seen a drop of between 30 to 40% in business in recent months.

The association had brought up matters about the GST with the relevant authorities but had yet to receive positive feedback, he told a news conference in Kuala Lumpur today.

Hamzah said that besides GST, another matter that should be looked into by the government was online visa application for tourists.

According to him, industry players felt that it was high time that Malaysia introduced online application for visa.

He added that such a method was easier, faster and cheaper compared with the conventional procedures. – Bernama, July 15, 2015.


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Epf selling becoz wt d present kind of oil price + high cost of production, epf have no confidence in this compony.Like or dont like epf is pressured by Gov...,to defend this stock but there is limit!!!!! Felda must bring IOI standard otherwise DIE.

Kian Leong Lim: If u hv read my article then yr approach is wrong. Running an oil palm plantation is simple. 1) present yield can easily improved from d present 20mt to 21mt even wt d old palms.2) cost of production reduces automatically with intensive s'vision. 3) Progresive replanting program shd start.4) Weeding & selective weeding r all done haphazardly, from d inputs, I get.5) just copy IOI...is that difficult....!!!!!!.....??????

KUALA LUMPUR: Malaysia jumped five rungs from 11th in 2014 to the 6th position in this year’s Baseline Profitability Index (BPI), a ranking of destinations of attractiveness for foreign investors, published by the Foreign Policy Magazine.
Among Asean countries, only Malaysia and Singapore featured in the top 10. Indonesia was ranked 12th, Vietnam (23), Philippines (30) and Thailand at the 38th position.
“This ranking, which covered 110 countries across six continents reaffirms that Malaysia is an attractive profit centre in this region for investors.
The BPI, introduced by an adjunct professor of New York University’s Stern School of Business since 2013, uses a holistic approach based on eight factors that will affect the ultimate success of a foreign investment.

These factors cover economic growth, financial stability, physical security, corruption, expropriation by government, exploitation by local partners, capital controls, and exchange rates.

Dow +217 pts I expect some Raya run b4 consolidation probably may hit 1.30...?

http://www.thestar.com.my/Business/Business-News/2015/07/14/Gamuda-gains-on-water-deal-optimism/?style=biz

http://www.thestar.com.my/Business/Business-News/2015/07/14/Bursa-enhances-ACE-Market-rules/?style=biz

To accumulate or not only god knows, we buy n sell on assumotion n presumption hence a lot of reading is needed to learn d skill of trading.Share trading is very copmlex.50% of writeup here is all for fun n enjoy it!

Well! lets wait n see, waiting shall take sometime?

focus: Among d region KL is still a top destinatiin for tourisits, targetting 11.12 million tourists. With visit year expected to spend USD12.36 billion.Although d ringgit has depreciated against USD, d Index shows that d visitor spending hv increased strongly to show robust growth.

X
"Food for thought"= 1) legal case in favour of Iris. 2) Pakatan was emphasising that d TRS profit is huge n shd given to customs why Iris? hence there is big money.

http://www.freemalaysiatoday.com/category/nation/2015/07/13/felda-to-make-investments-worth-usd-747-million/

No doubt water agreement sealed but d final agreement shall be signed in 2 mths time so now "up n down" of d monkey game shall take place during this period so you......!

KUCHING: Kuala Lumpur Kepong Bhd (KLK) has been viewed as a stable stock despite uncertainties in the global economy and domestic stock markets.
The research arm of Affin Hwang Investment Bank Bhd (Affin Research) in a report, opined that KLK offers strong management, steady earnings and dividend yields, large palm-oil plantation land bank and planted areas with an average age fast approaching ideal, and healthy balance sheet.
Nevertheless, given a modest crude palm oil (CPO) price outlook, the research team maintained a ‘hold’ recommendation on the stock....@Ring extract from Borneo Post..Uncle Emir KLK is confident wt low cpo price but FGV is sinking!!!!!!

A 3rd grade chief clerk who doesn't know a word of english hw u expect her to manage d entire administration of d estate so they depend on d excecutives which shouldn't be d case. No right thinking....very sad.

Some examples: Once d GLC mgr told me doesn't need a special grade chief but can manage wt a 3rd chief clerk. I am talking of 2000 hectares. The arrogant mgr said that becoz, d mgr,snr asst, asst n trsinee asst all sit in d office n do figure work n they r excellent wt d PC but dont go to field. Imagine when fertiliser application going in d field, excecutives sitting in d office n decorating their KPI trying to get a good bonus hence get bonus between 5-10 mths wt 20 mt yield.....jokers.

"Policy Mgrs" r all graduates some diploma n some degree holders, very clever fellows, they r all given excellent training n they know their job, no argument on this.Besides field s'vision GLC estates r bogged down wt too much unproductive paper worlk (stupid paper work n that was what i was doing). Lately my friend in Sabah told me,his superior told him, throw all yr paper work into d rubbish bin. The only paper work he knows is monthly accounts d rest of paper work done by chief clerk.The chinese boss told him spend yr time in d field if necessary take yr bed n sleep in d field.The Towkay knows wt the present low cpo price if yield dont increase n if cost of production dont drop die.My friend a senior assistant mgr (Ind....) in IOI from Sabah joined GLC estate (Sim....) in Peninsular, he couldnt stand d "stupid figure work" hence he called IOI, they told him to come back to Sabah as a Mgr. Lately he told me Tan Sri, told them increase d yield n reduce cost of production to stay relevant.I am writing n writing is Emir reading.......?

.....of course one in a million chance so policies r more important so die.

andychucky28, once they become mgrs after at least 10yrs experince in oil palm plantation, they know their job. Issues here, thier dont care atttitude n laziness thus they dont go to field. If felda is given to IOI, they will bring their mgrs, problem solved?

eftee u are right. Replanting have to be done, no choice but what is d assuarance they can get about 25mt upon replanting completion.I hv no confidence in lazy mgrs who hv no comittment hence d cash reseve shd not be used to buy new estates instead use it for bad times otherwise collapse.To counter check/balance, develop "field audit assistants" who reports direct to d CEO n action must be taken to get rid of unproduvtive mgrs. Upon reaching 55 retire them no extension.Set field yield targets.Audit team shd be given training in UP n IOI n give them absolute powers ignore d so called "policies".........

From past experience W moves up very fast n friday Dow closing 257 positive so.....!!!!!!

First must get d contract.First TP 1.50 n Warrant 60cts. Second TP 1.80-2.00. Price also depends on self-made global scenario hence to be safe buy niw n 1.50 run n dont come back....my2c....

This is a profitable compony for now n future so punters r opportunist going to play up n down n back home in n out, these fellows will be enjoying so b careful!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4799585

Ny036: FGV daripada 15% untong tahunan kena bayar kepada felda coperative. Ang pau raya daripada felda coperative bukan daripada FGV.

Hope Iris well compensated for copying patent rite.Compensatio + trs may be able to save Iris from d current loss of 20m.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4766041

MJPERAK - CONVERSION OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES 2006/2016 ("CONVERSION")

MAJUPERAK HOLDINGS BERHAD

Kindly be advised that the abovementioned Company's additional 11,987,208 new ordinary shares of RM0.50 each arising from the aforesaid Conversion will be granted listing and quotation with effect from 9.00 a.m., Friday, 10 July 2015.


Announcement Info
Company Name MAJUPERAK HOLDINGS BERHAD
Stock Name MJPERAK
Date Announced 09 Jul 2015
Category Listing Circular
Reference Number ILC-09072015-00002

FGV emerges as top gainer on news sale of non-core assets
Thu, 09 Jul 2015 02:44:53 GMT2015-07-09T02:44:53Z
Felda Global Ventures Holdings Bhd (FGV) emerged as a top gainer among heavyweights on Bursa Malaysia today on news that it planned to raise more than RM1 billion from the sale of non-core assets.
The move by the global agricultural and agri-commodities company is to enable it to focus on plantations to repair investor confidence dented by recent acquisitions.
Chief executive officer Mohd Emir Bavani Abdullah said the company might sell its unprofitable businesses in the US and Canada at prices ranging from US$180 million (RM685.5 million) to US$250 million later this month.

At 10.22am, FGV's shares rose one sen to RM1.56 with 652,500 changing hands. – Bernama, July 9, 2015.