Thursday, February 26, 2015

FGV ... Why SellDown !!!

Share price dropped was due to group’s disappointing quarter.

Observers maintained their bleak outlook on the group’s performance, stating that the downstream segment remained a challenge. The weaker fourth-quarter earnings was attributed to lower plantation and downstream contributions.

Its outlook remains bleak due to poor quarterly results and potential removal from the FTSE Bursa Malaysia KL Composite Index due to its lower market capitalisation.

Turnaround is unlikely in the near term and financial year 2015 (FY15) and FY16 forecast earnings were reduced mainly attributing its weak performance to the loss-making downstream segment due to negative refined, bleached and deodorised and margins, while upstream lacked lustre on low production and prices.

Its bleak outlook remains unless FGV can boost net profit via earnings-accretive acquisitions and extract synergy from its previous acquisitions.

Every RM100 per tonne change in crude palm oil prices could affect its earnings by 4%-6% per annum.

Thursday, February 12, 2015

Why Index Was Down Yesterday (11 Feb 2015) !!!

The index was likely dragged down by the plunged in Tenaga share price as TNB is one of its component stocks. TNB stock price were dogged (11 Feb 2015) by negative sentiment on concerns that its earnings would be affected by the lower electricity tariff.

Other sources have confirmed that a letter to that effect has been sent to 1MDB, which has been negotiating a loan with tycoon T. Ananda Krishnan to repay the debt. It is not known if the bllionaire has agreed to provide the loan. EOD is an action or circumstance that causes a lender to demand full repayment of an outstanding balance sooner than it was originally due.

At the global markets, investor worries over the outcome of euro zone ministerial meetings about Greece's debt crisis, while oil prices dropped for a second day on more signs of oversupply.

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