Maybank Research says floods have small impact on palm oil sector

PETALING JAYA: Around 6.34% or 23,730ha of Felda Global Ventures Holdings Bhd’s (FGV) total estates were affected by the recent floods, with opportunity loss for its fresh fruit bunches production estimated at 11,000 tonnes, said Maybank IB Research.

Its research head Wong Chew Hann, who maintained its earnings forecasts and “hold” call on FGV, said that this estimated FFB production opportunity loss represented 0.2% of the forecast annual production.