Felda Global Ventures Holdings Bhd (FGV) has asked its major investors to assess its business performance over a long period of time, its Group President and Chief Executive Officer, Datuk Zakaria Arshad said.
Acknowledging paper losses incurred by all FGV's major investors, he said as a plantation company, direct factors such as weather had affected its performance, hence dampening investor sentiment.
"What is important, we need to see that FGV's fundamentals are still strong and they should be taken into consideration in justifying investments," he said in a statement today in response to the losses incurred by FGV's shareholders.
Since its listing in 2012, FGV has never failed to declare dividends to all its shareholders in the face of challenging situations.
"This clearly shows that FGV is an established company and has a huge potential to grow in the future," he said.
FGV shares are traded around RM1.50-RM1.70 this month.
Zakaria said upon its listing in June 2012, the FGV share issued priced of RM4.55 surged to over RM5.00 at the outset as the market sentiment then was quite good.
He said the price of the commodity, as well as the oil palm industry was at a high level then, while the listing was made at the right time.
"After that, the world's oil palm price declined, dampening investor sentiment on commodity-based counters, including FGV.
"A significant decline in FGV share price was first recorded in 2014 following a sharp decline in the world's crude palm oil (CPO) price and massive floods," he said.
Worse still, the worst El Nino on record hit the country in 2015, which had not only affected FGV but also other oil palm plantation companies, he said.
"In mid-2016, the world's CPO price increased significantly, exceeding RM3,000 per tonne. However, due to the impact of the El Nino, production declined for a much longer time than expected," he said.
Zakaria said FGV was determined to give good returns to shareholders and stakeholders through its business transformation and operations under the 2017-2020 Strategic Plan.
"The strategic plan is expected to bear fruit in 2017 and help the group's operations become sustainable in the long term," he said, adding that FGV was on the right track to achieve the administrative cost savings target of RM100 million.
FGV is also actively improving its core business operations, restructuring its operations, optimising its assets, and strengthening its financial standing. - BERNAMA
Bernama
Tue Dec 27 2016
Zakaria said upon its listing in June 2012, the FGV share issued priced of RM4.55 surged to over RM5.00 at the outset as the market sentiment then was quite good. - Filepic
Pelajar UMT maut, rakan parah MPV terbabas di LPT2
Kejadian menyebabkan mangsa meninggal dunia di lokasi kejadian akibat kecederaan parah di kepala.
AWANI Borneo [18/05/2024] - Tingkat infra rakyat | Sektor minyak & gas | Kawasan terpencil
AWANI Borneo Sabtu, 18 Mei 2024 bersama Assim Hassan.
Pendapatan Sarawak diunjur RM16 bilion.
Sabah sasar 30 peratus penyertaan syarikat tempatan dalam sektor minyak & gas.
Tentera Darat Malaysia perkukuh komunikasi & koordinasi elak ancaman di kawasan terpencil
Pendapatan Sarawak diunjur RM16 bilion.
Sabah sasar 30 peratus penyertaan syarikat tempatan dalam sektor minyak & gas.
Tentera Darat Malaysia perkukuh komunikasi & koordinasi elak ancaman di kawasan terpencil
KBS Sabah terajui Program Sabah Youth Volunteer Community
Kementerian Belia dan Sukan Sabah disaran menggerakkan program yang sesuai untuk belia Sabah seperti Program Sabah Youth Volunteer Community (SYVOC) yang berperanan seperti rakan muda untuk mempromosi gaya hidup sihat dam komuniti.
JIM Sabah gempur PATI, 108 PATI ditahan
Lebih 100 Pendatang Asing Tanpa Izin (PATI) ditahan dalam operasi dijalankan Jabatan Imigresen Malaysia (JIM) Sabah.
Bantu mahasiswa akses pangkalan data pencarian pekerjaan
Politeknik Sandakan Sabah (PSS) melancarkan Pusat Satelit Myfuture Jobs dengan kerjasama PERKESO Sandakan dalam usaha membantu mahasiswa dalam mencari pekerjaan.
RM5 juta diperuntukkan bagi projek pemulihan di Sabah
RM5 juta diperuntukan bagi projek pemulihan 1,344 kebun koko di Sabah.
Pendapatan Sarawak diunjur RM16 bilion, tingkat infra rakyat
Kutipan hasil negeri Sarawak diunjur mencecah RM16 bilion, mengatasi kutipan RM13.78 bilion pada tahun lepas.
DBKL sita meja, kerusi dan khemah di bahu jalan Kampung Baru
DBKL menyita meja, kerusi dan khemah yang dibuka di bahu-bahu jalan dalam operasi penguatkuasaan di sekitar Kampung Baru di sini.
'Saya juga ada matlamat....' - Siti Nurhaliza belum terfikir berhenti menyanyi
Penganjuran empat konsert berskala mega yang akan berlangsung di Singapura dan Genting Highlands itu bukan penanda dirinya akan meninggalkan dunia nyanyian.
Serangan Balai Polis Ulu Tiram: 'Perjalanan terakhir Konstabel Muhamad Syafiq'
Linangan air mata ahli keluarga menyelubungi upacara pengebumian Allahyarham Konstabel Muhamad Syafiq Ahmad Said pada Sabtu.
FGV laksana program latihan tambah baik tenaga kerja, amalan lestari
FGV melaksanakan program latihan yang berstruktur, bersistematik dan disesuaikan dengan pihak berkepentingan.
FGV: Zakaria Arshad diarah bercuti serta merta - laporan
Ketua Pegawai Eksekutif dan Presiden Felda Global Ventures Holdings Bhd (FGV), Datuk Zakaria Arshad telah digantung dari tugasnya serta merta.
FGV tidak jual ekuiti tetapi timbang potensi rakan kongsi strategik kembang pasaran
Felda Global Ventures Holdings Bhd (FGV) masih sedang berbincang mencari rakan kongsi strategik untuk mengembangkan pasarannya dan ini tidak melibatkan penjualan ekuiti, kata Presiden dan Ketua Pegawa
Saham FGV turun selepas berita tiada perbincangan jadikan syarikat persendirian
Pada pukul 10.34 pagi, saham FGV susut tiga sen kepada RM1.72 dengan 3.47 juta saham bertukar tangan.
Felda bakal saksikan rombakan pengurusan di bawah teraju Shahrir Samad
Felda bakal menyaksikan rombakan pengurusan dalam usaha agensi itu mengembalikan kedudukannya untuk meningkatkan kesejahteraan dan menyelesaikan permasalahan warganya masa kini.
FGV kurangkan kerugian sebelum cukai kepada RM23.23 juta pada suku ketiga
Felda Global Ventures Holdings Bhd (FGV) berjaya mengurangkan kerugian sebelum cukai kepada RM23.23 juta bagi suku ketiga berakhir 30 Sept, 2016
FGV, Felda tarik balik Sijil RSPO di 58 kilang miliknya
FGV dan Lembaga Felda sudah menarik balik sijil Prinsip dan Kriteria Rundingan Meja Bulat Minyak Sawit Lestari di 58 kilang.
FGV nafi tuduhan pencabulan hak asasi manusia oleh WSJ
Felda Global Ventures Holdings Bhd menafikan laporan The Wall Street Journal dan laporan-laporan media berikutnya yang memetik akhbar itu berkaitan dengan dakwaan pencabulan hak asasi manusia.
Bekas CEO FGVH Tan Sri Sabri Ahmad meninggal dunia
Bekas Presiden Kumpulan dan Ketua Pegawai Eksekutif (CEO) Felda Global Ventures Holdings Bhd Tan Sri Sabri Ahmad meninggal dunia akibat kanser paru-paru 5.30 pagi tadi.
Keuntungan Felda Global Ventures cecah RM1.13 Bilion
Keuntungan sebelum cukai tahun penuh Felda Global Ventures Holdings Bhd (FGV) bagi tahun yang berakhir pada 31 Dis, 2012, mencecah RM1.26 bilion.