Tue, 23 Apr 2019, 8:06 AM
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Topic: FGV Holdings Bhd

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KUALA LUMPUR (April 20): Ever since Datuk Haris Fadzilah Hassan was appointed CEO of FGV Holdings Bhd in late January this year, there have been questions as to how he would fare.
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KUALA LUMPUR (April 18): Former Federal Land Development Authority (Felda) chairperson Tan Sri Mohd Isa Abdul Samad (pictured) has denied that he took "steps" that caused FGV Holdings Bhd (FGV) to buy...
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KUALA LUMPUR (April 18): Former Federal Land Development Authority (Felda) chairperson Tan Sri Mohd Isa Abdul Samad has denied that he took "steps" that caused FGV Holdings Bhd (FGV) to buy two luxury...
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KUALA LUMPUR: A financial expert today described allegations that the RM10.9 billion deficit gap recorded by Lembaga Tabung Haji (TH) in 2018 resulted completely from Pakatan Harapan (PH) taking over ...
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Last week, the government said it would allocate RM6.3 billion to rescue the ailing Federal Land Development Authority (FELDA). Economic Affairs Minister Datuk Seri Mohamed Azmin Ali indicated that th...
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KUALA LUMPUR: After FGV Holdings Bhd announced a transformation plan to turn around its operations last Sept 3, its share price deteriorated from RM1.49 to an all-time low of 63.5 sen on Dec 14, befor...
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KUALA LUMPUR: Sapura Energy Bhd, LKL International Bhd, Cypark Resources Bhd, FGV Holdings Bhd and MMC Corp Bhd are among the stocks to watch, according to JF Apex Research.
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THE exposé of the mismanagement that has taken place at the various institutions has been staggering. The revelations of the shenanigans that took place in Lembaga Tabung Haji (TH), Felda and Lembaga Tabung Angkatan Tentera (LTAT) showed the extent of how past dealings were made with disregard to proper governance and transparency.
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FELDA’S 33.4%-owned listed subsidiary, FGV Holdings Bhd, sees an urgent need to discuss the terms of the land lease agreement (LLA) with Felda.
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KUALA LUMPUR (April 12): Based on news flows and corporate announcements today, stocks on focus for April 15 (Monday) might include Sapura Energy Bhd, Dialog Group Bhd, Cycle & Carriage Bintang Bhd, L...
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KUALA LUMPUR (April 12): FGV Holdings Bhd’s Pakistani unit is looking to team up with Johor Port Bhd to bid for the development of a clean bulk cargo terminal in Karachi Port, Pakistan.
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KUALA LUMPUR (April 12): FGV Holdings Bhd agrees there is urgent need to discuss the terms of its land lease agreement (LLA) with the Federal Land Development Authority (Felda), as the matter has been...
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KUALA LUMPUR, April 12 — The government’s plan to diversify the income streams of Felda settlers to alleviate the settlers’ financial situation is a positive move.
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KUALA LUMPUR (April 12): FGV Holdings Bhd agrees there is urgent need to discuss the terms of its land lease agreement (LLA) with the Federal Land Development Authority (Felda), as the matter has been...
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KUALA LUMPUR: FGV Holdings Bhd wants to discuss the terms of the land lease agreement (LLA) with Felda, especially the fised lease payment over 99 years, no matter the price of crude palm oil (CPO).
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PETALING JAYA: FGV Holdings Bhd gave up all its gains from Wednesday’s trade to close at RM1.27 after the Federal Land Development Authority (Felda) said it would be reviewing the land lease agreement (LLA) it has with FGV.
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KUALA LUMPUR (April 11): The Federal Land Development Authority’s (Felda) planned review of its 99-year land lease agreement (LLA) with FGV Holdings Bhd, is not expected to work out well for FGV, wh...
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KUALA LUMPUR (April 11): The Federal Land Development Authority's (Felda) plan to review the land lease agreement (LLA) it has with FGV Holdings Bhd may not get approval from the latter's shareholders...
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KUALA LUMPUR: The Federal Land Development Authority’s (Felda) planned review of its 99-year land lease agreement (LLA) with FGV Holdings Bhd, is not expected to work out well for FGV, which is heav...
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KUALA LUMPUR (April 11): The FBM KLCI fell 0.35% at mid-morning today, dragged by losses including at Tenaga Nasional Bhd and Petronas Gas Bhd, as regional markets paused.
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KUALA LUMPUR: More police reports will be lodged against the mismanagement at Federal Land Development Authority (Felda), which is cash-strapped and heavily indebted, according to Economic Affairs Min...
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PETALING JAYA: The Federal Land Development Authority (Felda) will initiate group-wide structural reform to raise the level of professionalism based on the highest standards of corporate governance as part of the several short-term measures that have been identified to improve accountability and integrity within the government-linked company.
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KUALA LUMPUR: Felda is to receive slightly more than RM6bil in stages from the government as it restructures its operations and strengthens governance in order to improve the fortunes of the agency and settlers.
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THE scale of malfeasance was staggering. The White Paper on the goings-on in Felda and its subsidiaries read like a litany of wrongdoings that breached proper governance standards that most companies have to prescribe to.
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KUALA LUMPUR: Manipulation, falsifying of accounts and using Lembaga Tabung Haji (TH) money for political activities are among reasons why the entity lost billions of ringgit, says Minister in the Prime Minister’s Department Datuk Seri Dr Mujahid Yusof Rawa.He revealed this in Parliament while briefing lawmakers on the controversies surrounding TH.
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KUALA LUMPUR (April 10): Based on corporate news flows and announcements, stocks on focus for April 11 (Thursday) may be as follows: FGV Holdings Bhd, G3 Global Bhd, London Biscuits Bhd, Malaysia Airp...
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KUALA LUMPUR (April 10): The White Paper on the Federal Land Development Authority (Felda) confirmed that FGV Holdings Bhd bought six companies above market price for a total sum of RM2.48 billion.
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KUALA LUMPUR (April 10): The Federal Land Development Authority (Felda) will be reviewing the land lease agreement (LLA) it has with FGV Holdings Bhd.
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KUALA LUMPUR (April 10): Prime Minister Tun Dr Mahathir Mohamad today questioned where the funds of FGV Holdings Bhd, which was claimed to have recorded considerable profits, have gone to.
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KUALA LUMPUR (April 10): About RM2.7 billion of the RM10.5 billion generated from the listing of FGV Holdings Bhd was used to secure political support ahead of the 14th general election, says Economic...
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KUALA LUMPUR (April 10): Some RM1.4 billion of the RM10.5 billion generated from the listing of FGV Holdings Bhd was spent on 'shady transactions', said Economic Affairs Minister Datuk Seri Mohamed Az...
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KUALA LUMPUR (April 10): Daya Materials Bhd group chief executive officer Datuk Lim Thean Shiang has been redesignated as chairman of the group, effective immediately.
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KUALA LUMPUR (April 10): The Federal Land Development Authority (Felda) will be reviewing the land lease agreement (LLA) it has with FGV Holdings Bhd.
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KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad today questioned where the funds of FGV Holdings Bhd, which was claimed to have recorded considerable profits, have gone to.
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KUALA LUMPUR (April 10): About RM2.7 billion of the RM10.5 billion generated from the listing of FGV Holdings Bhd was misused to secure political support ahead of the 14th general election, says Econo...
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KUALA LUMPUR (April 10): Prime Minister Tun Dr Mahathir Mohamad today questioned where the funds of FGV Holdings Bhd, which was claimed to have recorded considerable profits, have gone to.
Malay Mail:
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KUALA LUMPUR, April 10 — Prime Minister Tun Dr Mahathir Mohamad today questioned where the funds of FGV Holdings Bhd, which was claimed to have recorded considerable profits, have gone to.
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KUALA LUMPUR (April 10): Felda was profitable between 2007 and 2011, with income averaging RM3.1 billion per year and peaking at RM5.9 billion in 2010, according to Economic Affairs Minister Datuk Ser...
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KUALA LUMPUR (April 10): Prof Dr Jomo Kwame Sundaram, Council of Eminent Persons member, weighed in on the revelations of questionable deals and governance failure at the Federal Land Development Auth...
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KUALA LUMPUR (April 10): The Federal Land Development Authority (Felda), together with Koperasi Permodalan FELDA (KPF), has introduced a pioneer cash payment scheme in its Jengka region to improve its...
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KUALA LUMPUR (April 10): Felda was profitable between 2007 and 2011, with income averaging RM3.1 billion per year and peaking at RM5.9 billion in 2010, according to Economic Affairs Minister Datuk Ser...
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KUALA LUMPUR (April 10): The forensic audit has found conflicting interests and governance failure behind questionable Federal Land Development Authority (Felda) deals, according to Economic Affairs M...
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KUALA LUMPUR (April 10): theedgemarkets.com highlighted 15 stocks with momentum at Bursa Malaysia's noon market close today.
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KUALA LUMPUR, April 10 — AllianceDBS Research today upgraded FGV Holdings Bhd’s stock to a “buy,” with a new revised discounted cash flow-derived target price of RM1.75 from RM1.40 per share.
Malaysiakini:
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PARLIAMENT | Economic Affairs Minister Azmin Ali had accused Najib Abdul Razak of expediting Felda's efforts to acquire a stake in PT Eagle High Plantations Tbk.
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KUALA LUMPUR: The revelation that the Federal Land Development Authority (Felda) incurred massive losses prompted Prime Minister Tun Dr Mahathir Mohamad to make a rare interjection and to chide an opposition lawmaker in Parliament.
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KUALA LUMPUR (April 10): The FBM KLCI pared some of its loss at the midday break today, but broader sentiment stayed tepid in line with the generally weaker regional markets.
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KUALA LUMPUR (April 10): Some RM1.4 billion of the RM10.5 billion generated from the listing of FGV Holdings Bhd was spent on 'shady transactions', said Economic Affairs Minister Datuk Seri Mohamed Az...
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KUALA LUMPUR (April 10): FGV Holdings Bhd remained actively traded this morning as the White Paper on parent Federal Land Development Authority (Felda) is expected to be tabled in the Dewan Rakyat lat...
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KUALA LUMPUR (April 10): Ahead of the tabling of the White Paper on the Federal Land Development Authority (Felda) in the Dewan Rakyat today, the agency lodged a police report, claiming it was cheated...
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KUALA LUMPUR: Felda is to receive slightly more than RM6bil in stages from the Government as it restructures its operations and strengthens its governance in order to improve the fortunes of the agency and its settlers.
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KUALA LUMPUR (April 10): Shares of FGV Holdings Bhd rose 4.8% in active trade this morning as the White Paper on the Federal Land Development Authority (Felda) is expected to be tabled in the Dewan Ra...
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KUALA LUMPUR (April 10): The FBM KLCI fell 0.35% at mid-morning today as concerns of a global economic slowdown re-emerged and dragged regional markets.
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KUALA LUMPUR: FGV Holdings Bhd stock rose 4.76% in early trade Wednesday after AllianceDBS Research upgraded the stock to a “buy”.
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KUALA LUMPUR: Ahead of the tabling of the White Paper on the Federal Land Development Authority (Felda) in the Dewan Rakyat today, the agency lodged a police report, claiming it was cheated into signi...
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KUALA LUMPUR: Felda, a state agency overseeing farmers, will ask for about RM6bil from the government to help turn itself around, according to a source.
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KUALA LUMPUR: The Federal Land Development Authority is seeking RM6 billion from the government to help turn itself around, Bloomberg reports.
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KUALA LUMPUR (April 9): Malaysia's state palm oil plantation agency, the Federal Land Development Authority, is seeking RM6 billion (US$1.5 billion) from the government to help turn itself around, Blo...
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KUALA LUMPUR (April 4): The White Paper on the Federal Land Development Authority (Felda) will be tabled in the Dewan Rakyat next Wednesday, Deputy Economic Affairs Minister Dr Mohd Radzi Md Jidin sai...
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KUALA LUMPUR (April 4): Datuk Seri Amrin Awaluddin, the current chief executive officer (CEO) of Sime Darby Property Bhd, is going to fill the group managing director’s (MD) position at Boustead Hol...
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KUALA LUMPUR: Datuk Seri Amrin Awaluddin (pic), the current chief executive officer (CEO) of Sime Darby Property Bhd, is going to fill the group managing director’s (MD) position at Boustead Holding...
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KUALA LUMPUR (April 3): The White Paper on the Federal Land Development Authority (Felda) will be tabled in the Dewan Rakyat next Wednesday, Deputy Economic Affairs Minister Dr Mohd Radzi Md Jidin sai...
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KUALA LUMPUR, April 3 — The White Paper on the Federal Land Development Authority (Felda) will be tabled in the Dewan Rakyat next Wednesday, Deputy Economic Affairs Minister Dr Mohd Radzi Md Jidin...
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KUALA LUMPUR (April 3): FGV Holdings Bhd's shares rose 3.3% this morning following the Dubai Court of First Instance's decision in favour of its subsidiary Delima Oil Products Sdn Bhd on March 23.
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KUALA LUMPUR, April 3 — FGV Holdings Bhd’s shares rose 3.28 per cent in early trading after its unit, Delima Oil Products Sdn Bhd, won the US$11.7 million (US$1=RM4.08) lawsuit against Safite...
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KUALA LUMPUR (April 3): The FBM KLCI rose 0.37% at mid-morning today, lifted by gains at index-linked stocks including Public Bank Bhd and Top Glove Corp Bhd.
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KUALA LUMPUR (April 2): Delima Oil Products Sdn Bhd, a subsidiary of FGV Holdings Bhd, has won a US$11.7 million lawsuit against Safitex General Trading LLC over outstanding payments.
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KUALA LUMPUR (March 27): Former Felda chairperson Tan Sri Mohd Isa Abdul Samad today withdrew his discovery application to get all the documents from FGV Holdings Bhd in the suit brought by FGV agains...
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Former FGV Holdings Bhd chairperson Mohd Isa Abdul Samad today withdrew his application to obtain documents relating to the minutes of the company's Board of Directors’ meeting and the approval for ...
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KUALA LUMPUR: Former FGV Holdings Bhd chairman Isa Samad today withdrew his application to obtain documents relating to the minutes of the company’s board of directors’ meeting and the approval fo...
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KUALA LUMPUR (March 22): Former Felda chairperson Tan Sri Mohd Isa Abdul Samad has withdrawn his discovery application to get further documents from FGV Holdings Bhd (FGV), namely the company's board ...
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KUALA LUMPUR (March 20): The lawyer for five former FGV Holdings Bhd non-executive directors has questioned the legality of the company's application to strike out her clients' counterclaim involving ...
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KUALA LUMPUR (March 20): FGV Holdings Bhd shares rose 11 percent, more than any full-day gain since Jan 15, while Malaysia's benchmark index declined.
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KUALA LUMPUR (March 20): The FBM KLCI fell 0.32% at mid-morning today on sustained profit-taking against the backdrop of cautious regional markets.
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KUALA LUMPUR (March 13): FGV Holdings Bhd has filed an application to strike out the counterclaim by five former FGV non-executive directors against the company over the losses suffered in the acqu...
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LITTLE known Datuk Lee Chin Hwa surfaced as a substantial shareholder in Menang Corp (M) Bhd in early November last year, controlling a 5.01% stake or 24.07 million shares in the property developer.
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PETALING JAYA: The government is set to table a White Paper in Parliament on the financial woes of the Federal Land Development Authority (Felda) since being publicly listed in 2012, according to a St...
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KOTA BHARU (March 8): The federal government is prepared to give fair consideration to the proposal by the National Felda Settlers’ Children’s Association (Anak) for Felda to reclaim the 320,000 h...
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KUALA LUMPUR (March 7): Hong Leong Investment Bank Research (HLIB Research) has downgraded its rating on the plantation sector to 'underweight', from 'neutral', following a subdued crude palm oil (CPO...
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The National Felda Settlers' Children’s Association (Anak) has proposed that the government reclaim Felda assets leased to FGV Holdings Bhd to revive the agency.
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KUALA LUMPUR (March 6): After a year of bleak crude palm oil (CPO) prices, FGV Holdings Bhd, the world's largest CPO producer, sees this year as the "turning point" for the palm oil industry.
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(March 6): KAF Seagroatt & Campbell analyst Thomas Soon upgraded the recommendation on FGV Holdings Bhd to buy from hold.
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KUALA LUMPUR (Bernama): A senior officer with FGV Holdings Bhd (FGV) detained by the Malaysian Anti-Corruption Commission (MACC) for allegedly accepting gratification worth RM10,000 was remanded for five days.
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A senior officer with FGV Holdings Bhd (FGV) was detained by the MACC today for allegedly accepting gratification worth RM10,000. The 50-year-old suspect was arrested at a restaurant at Taman Prima Sa...
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KUALA LUMPUR (March 1): CIMB IB Research has maintained its “Hold” rating on FGV Holdings Bhd at RM1.12 with a higher target price of RM1.10 (from 92 sen) and said FGV reported a net loss of RM1.0...
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But no more big impairments this year, says planter
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KUALA LUMPUR (Feb 28): FGV Holdings Bhd said it has undertaken the worst of its impairments during the financial year ended Dec 31, 2018 (FY18) and does not expect any more major impairments of a simi...
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KUALA LUMPUR, Feb 28 — Shares of FGV Holdings Bhd fell in the afternoon session after reporting a weak financial performance for the financial year ended Dec 31, 2018 (FY18). The performance was mar...
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KUALA LUMPUR (Feb 28): FGV Holdings Bhd reported a net loss of RM1.080 billion for the year ended Dec 31, 2018 (FY18)  compared with a net profit of RM130.928 million recorded in 2017.
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KUALA LUMPUR, Feb 28 — FGV Holdings Bhd (formerly Felda Global Ventures) booked a net loss of RM1.08 billion in the financial year ending December 31, 2018, it said in a Bursa Malaysia filing today.
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KUALA LUMPUR: FGV Holdings Bhd posted net losses of RM1.08bil in the financial year ended Dec 31, 2018 as it was impacted by impairments and provisions of RM1bil.
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KUALA LUMPUR (Feb 27): FGV Holdings Bhd (FGV) rose as much as 6.89% in active trade today after International Trade and Industry Minister Datuk Darell Leiking met his Norwegian counterpart in talks th...
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KUALA LUMPUR (Feb 27): The FBM KLCI pared some of its losses as regional markets edged higher on improved sentiment.
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KUALA LUMPUR (Feb 27): The FBM KLCI fell 0.36% at mid-morning today, weighed by index-linked blue chips, against the backdrop of firmer regional markets.
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KUALA LUMPUR (Feb 20): MSM Malaysia Holdings Bhd, the country's leading refined sugar producer and a subsidiary of FGV Holdings Bhd, ended 2018 on a positive note, posting a net profit of RM35.62 mill...
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KUALA LUMPUR (Feb 13): The FBM KLCI is expected to drift sideways today with immediate support at the 1,685-point level, in line with the firmer overnight close at most global markets.
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KUALA LUMPUR (Feb 12):  Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (Feb 13) may include the following: Serba Dinamik Holdings Bhd, Kerjaya Prosp...
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KUALA LUMPUR (Feb 12): Five former non-executive directors in FGV Holdings Bhd have filed a counter claim against the public-listed plantation group yesterday in a RM514 million lawsuit related to bre...
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PETALING JAYA: Five former FGV Holdings Bhd directors have filed their defence and a counter suit against the company, adding that they were seeking the same amount of damages filed against them.