The current selling pressure on Wall Street may have been absorbed thoroughly and DJI rebounded, we expect this rebound may sustain after the US Presidential Election. Right now they are washing out all the weak holders. I expect a strong rebound will happen from the 7th November onwards. This happened in any US Presidential election irrespective who ever wins..
Overall, the narrative for the market remains unchanged and being cautious on the Covid-19 status going into winter season, where daily cases shot up near the 500k confirmed cases.
Nevertheless, market players are likely to stay sidelines given a few major events that will take place in the following weeks such as: (i) US presidential election, (ii) Budget 2021, (iii) local political developments, and (iv) BNM monetary policy meeting.
So actually it's an opportunity to accumulate as the CPO is in all time high. This A380 will starts flying from the 7th onwards.
FELDA can easily privitize FGV but they choose to spend money to buy FGV Asset ..looks like they want SM to own FGV something is happening behind the curtain ..
I see this is BS ... the FGV prospect clearly states "Loss of (a) ten years of expected future profit i the termination replanted or (b) five years of expected profits if terniation occurs eight years ot more from te date such FELDA leased land was most recently planted"
Wahid running his mouth .... and FGV better don't play the fool with the shareholder ...
The only Land FELDA can take is 19854 hectares without any compensation
At the close, the CPO futures contract for October 2020 gained RM40 to RM3,060 per tonne, November 2020 surged RM80 to RM3,047 per tonne, December 2020 soared RM83 to RM2,994 per tonne, and January 2021 climbed RM79 to RM2,944 per tonne.
FGV cost of production is between RM 1500 and RM 1800 depending on the location of the Plantation.
Even without this LLA Windfalls it should be a very profitable venture for all the farmers here..
Also remember willing buyer, willing seller so just because someone barking FGV should sell their Mills especially when they invested in Renewable Energy
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
dam82
2,219 posts
Posted by dam82 > 2020-10-30 09:33 | Report Abuse
To put in perpesctive UTDP market cap is around 5Billion .. buy FGV for what it can achieve next few years