The other positive factor was stronger-than-expected FFB output growth of 11% in 1Q22 and lower fertilisers input, which is 15% of financial year 2022 fertilisers target applied.
PETALING JAYA: FGV Holdings Bhd
’s strong first quarter results for financial year 2022 (1Q22) beat market expectations, thanks to the higher crude palm oil (CPO) prices and better fresh fruit bunches (FFB) output, say analysts.
According to CGS-CIMB Research, the diversified planter’s 1Q22 average selling prices (ASP) was at RM5,100 per tonne compared with its RM4,100 per tonne projection.
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