Latest news with #Felda
Daily Express
2 days ago
- Business
- Daily Express
Shabery Cheek reappointed as Felda chairman
Published on: Monday, July 21, 2025 Published on: Mon, Jul 21, 2025 By: FMT Reporters Text Size: Ex-minister Shabery Cheek was first appointed as Felda chairman on a two-year contract in July 2023. (Bernama pic) PETALING JAYA: The Federal Land Development Authority (Felda) has confirmed the reappointment of former federal minister Ahmad Shabery Cheek as its chairman, just weeks after his previous term ended on June 30. In a brief statement, Felda said it was pleased to announce that Shabery would continue leading the agency. Advertisement 'Shabery has been reappointed as Felda chairman,' it said, adding that its management and staff welcomed the reappointment and were confident in the former minister's leadership. 'We believe that his experience, vision and strong commitment will continue to drive Felda forward, in line with the aspirations of Malaysia Madani,' it said. Shabery, who previously served as communications and multimedia minister, was first appointed as Felda chairman in July 2023, succeeding former Terengganu menteri besar Idris Jusoh. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Free Malaysia Today
2 days ago
- Business
- Free Malaysia Today
Shabery Cheek reappointed as Felda chairman
Ex-minister Shabery Cheek was first appointed as Felda chairman on a two-year contract in July 2023. (Bernama pic) PETALING JAYA : The Federal Land Development Authority (Felda) has confirmed the reappointment of former federal minister Ahmad Shabery Cheek as its chairman, just weeks after his previous term ended on June 30. In a brief statement, Felda said it was pleased to announce that Shabery would continue leading the agency. 'Shabery has been reappointed as Felda chairman,' it said, adding that its management and staff welcomed the reappointment and were confident in the former minister's leadership. 'We believe that his experience, vision and strong commitment will continue to drive Felda forward, in line with the aspirations of Malaysia Madani,' it said. Shabery, who previously served as communications and multimedia minister, was first appointed as Felda chairman in July 2023, succeeding former Terengganu menteri besar Idris Jusoh.
Malay Mail
2 days ago
- Business
- Malay Mail
Shabery Cheek returns as Felda chairman, thanks Anwar for trust
KUALA LUMPUR, July 21 — The Federal Land Development Authority (Felda) has reappointed Datuk Seri Ahmad Shabery Cheek as chairman. In a statement today, Felda said the management and employees of Felda welcome Ahmad Shabery's reappointment. 'Felda is confident that Ahmad Shabery's experience, vision and high commitment will continue to drive Felda forward in line with the aspirations of Malaysia MADANI,' it said. Meanwhile, Ahmad Shabery expressed his thanks and gratitude to Prime Minister Datuk Seri Anwar Ibrahim for the trust placed in him to continue leading Felda. Ahmad Shabery was previously the Felda chairman from July 1, 2023, until his contract ended on June 30, 2025. — Bernama
New Straits Times
10-07-2025
- Business
- New Straits Times
The Sunk Cost Fallacy in Stock Investing
THE closing date for acceptance of the voluntary takeover offer by FGV Holdings Bhd majority shareholders for the shares that are not already owned by the offeror has been extended to Aug 15 from July 7. Under the takeover offer launched on May 26, Felda is offering RM1.30 for each FGV share. FGV conducted one of Malaysia's biggest IPOs and it debuted in 2012 at RM4.55 per share and raised RM10.5 billion. The share price of FGV has declined over the years. It would indeed be hard to stomach the prospect of accepting an offer of RM 1.30 if investors had invested at higher prices or the IPO price RM 4.55. When it comes to making sound investment decisions, one of the most common cognitive pitfalls investors fall into is anchoring their expectations to the original purchase price of a stock. This behaviour is rooted in human psychology but runs counter to rational financial decision-making. In reality, the price you paid for a stock is irrelevant in deciding whether to hold, sell, or buy more. Instead, decisions should be based on future prospects, opportunity costs, and market fundamentals. The Sunk Cost Fallacy The core reason why the purchase price is irrelevant lies in a concept known as the sunk cost fallacy. A sunk cost is any cost that has already been incurred and cannot be recovered. The price you paid for a stock is a sunk cost - whether you paid RM 10 or RM 20 per share, that money is gone. What matters now is what the stock is worth today and what it is likely to be worth in the future. Suppose you bought shares of a company at RM10, and the price has since fallen to RM 6. Many investors would be reluctant to sell at a loss, thinking, "I'll wait until it gets back to RM10 so I can break even." But this thinking is flawed. The fact that you paid RM10 has no bearing on what the stock will do next. If the company's prospects have deteriorated and the fair value is now RM 5, waiting to "break even" could result in even greater losses. Rational Decision-Making: Forward-Looking Analysis Investment decisions should be made with a forward-looking perspective. The central question is: Given what I know today, what is the best use of my capital going forward? Imagine you're holding a stock currently worth RM6. Whether you bought it at RM10 or RM20 is irrelevant. The rational approach is to assess whether this RM6 investment has better return prospects than any other available alternative. If another opportunity offers a higher expected return with similar or lower risk, the logical move is to sell the current stock and reallocate your capital. The goal of investing is to maximize returns, not to recover past losses. Opportunity Cost and Capital Allocation Every ringgit you keep in a stock has an opportunity cost - it could be used to invest elsewhere. If you ignore this because you're fixated on your original purchase price, you may miss better opportunities. For example, holding onto a poorly performing stock because you don't want to "lock in a loss" could prevent you from investing in a high-growth company with superior prospects. Professional investors constantly re-evaluate their portfolios to ensure that every asset earns its place based on future return expectations. Past purchase price never enters the equation. Behavioural Biases and Emotional Investing The inclination to consider the purchase price is a form of anchoring bias, where investors fixate on a reference point (in this case, the buy price) regardless of its relevance. Emotional attachment can also cloud judgment. After all, if you spent hours researching and bought a stock with conviction, admitting it was a mistake can be psychologically difficult. However, good investors are humble and adaptive. Recognising when your thesis was wrong, or when conditions have changed, is a sign of disciplined investing - not failure. Conclusion In investment decision-making, your focus must remain on the present value and future potential of each asset - not its historical cost. The price you paid for a stock is a sunk cost, irrelevant to whether you should buy, hold, or sell. By letting go of anchoring and other behavioural biases, and instead focusing on opportunity costs and forward-looking analysis, you can make more rational, profitable decisions. Remember: the market doesn't care what you paid for a stock, and neither should you.
The Sun
07-07-2025
- Business
- The Sun
Felda transformation to boost rural prosperity and pride
KUALA LUMPUR: Felda is undergoing a major transformation to adapt to modern challenges while maintaining its role as a key driver of rural prosperity and national pride, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. Speaking in conjunction with Felda Settlers' Day, Ahmad Zahid, who is also the Minister of Rural and Regional Development, emphasised that Felda is expanding beyond traditional sectors like rubber and oil palm. The agency is now venturing into education, entrepreneurship, food technology, arts, and culture to ensure long-term sustainability. 'Since its establishment 69 years ago, Felda has not only been the backbone of rural development but has also uplifted over 112,638 settlers and nearly three million Felda generations nationwide,' he said in a post on X. Ahmad Zahid outlined key agendas for 2025, including enhancing settlers' economic well-being through higher income opportunities and community empowerment. He stressed the need to strengthen Felda's role in the global food and commodity industry, particularly as Malaysia emerges as a major player in palm oil production through FGV, the world's third-largest crude palm oil producer. The development of Felda's younger generation remains a priority, with a focus on quality education, skills training, and entrepreneurial support. Among recent achievements, the MaresmaF Wind Orchestra from MRSM Ulul Albab Felda Trolak won the Golden Diploma Award at the 26th Prague International Wind Orchestra Festival, showcasing Felda's global potential. This year's Settlers' Day celebrations will feature the 3-Dimensional Mega Carnival (MK3D), combining the Village Entrepreneurs' Carnival and One District One Industry showcase. Titled 'My Village is Global,' the event from July 30 to August 3 aims to promote Felda products and community innovation on an international scale. – Bernama
