KUALA LUMPUR: CIMB Equities Research continues to advise investors to hang on to their Felda Global Ventures (FGV) shares and ride on the potential earnings accretion from its M&A plans and the upswing in crude palm oil (CPO) prices.
"The stock is leveraged against rising CPO prices. We estimate that every RM100 per tonne change in CPO price will boost its FY15 EPS by 7%. Its share price is also supported by decent dividend yields and a strong balance sheet," it said on Wednesday.
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