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| World CPO prices has been falling since June 2012 |
DAP's useless Member of Parliament and Chief Spin Doctor is at it again. At the time when his PKR comrades are counting the days of their "Dear Leader" Anwar Ibrahim, DAP saw it fit to boycott Anwar Ibrahim and start their attacks on one of Malaysia's well managed and pioneer Bumiputera led company i.e. Felda Global Ventures Holdings Berhad (FGVH). To us at #KLChronicle this comes at no surprise.
Nevertheless, rather then giving this Chinese a field day in lying through his ass, we thought that it would be apt for us to just counter his baseless allegations. Pua is making noise because apparently for him FGVH has "failed" Malaysians since its share prices dropped from RM 5.39 on June 28, 2012 to RM 3.67 on September 11 this year.
Although, Tony shared with the Malaysian public that the world CPO prices has also been dropping from US$930 (RM3,044) in June 2012 to US$670 (RM2,209), the percentage drop was in fact a drop of about 28%. Looking at the drop of world CPO prices which is beyond the control of FGVH, Tony is like an illiterate school boy blaming FGVH for this loss whereas in fact the whole world is facing low CPO prices.
Furthermore, Tony said that:
"And yet Felda's performance was by far the worst among all the plantation companies on the stock exchange."
We would like to ask Tony, which are the other plantation companies that he is referring to? Are they having the same production profile as FGVH? Same yield ratio from current existing upstream productions ? Do they also have high OPEX due to ageing of palm trees?
See Tony seems to go for the jugular by blaming FGVH but he failed to recognize or compare apple to apple the performance of other plantation companies against FGVH. All he is interested is in tarnishing the image of FELDA and wants people who are leading this company to be removed.
Now may we ask do you want a Chinese to lead FGVH Tony so that you would stop attacking this company?
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