KUALA LUMPUR: CIMB Equities Research has lowered the target price for Felda Global Ventures from RM2.01 to RM1.91 after it reported a core net loss of RM44mil in the first quarter ended March 31, 2015.
The weaker performance was due to lower fresh fruit bunches (FFB) output and losses from its downstream division.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
