Analysts negative on Felda deal

Higher loss: Eagle High saw its net loss widen to RM100mil in its nine months ended Sept 30, 2016 from RM27.4mil last year.

They have raised doubts on some issues including Eagle High’s steep market price valuations and the quality of its asset holdings

FELDA’S acquisition of loss-making Indonesian planter PT Eagle High Plantations TBK has not gone down well despite the government-linked agency stressing its logics for the US$505.4mil (RM2.26bil) deal.