KUALA LUMPUR: Rising crude palm oil prices are expected to translate into higher profits for FGV Holdings Bhd
due to its high operating leverage, says AllianceDBS research.
Maintaining its buy call on the stock, the research house lifted its FY20/21F earnings forecast on FGV by 31/21% and increased its target price from RM1.60 to RM1.80 on expectations of higher CPO prices.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
