KUALA LUMPUR: CIMB Equities Research described Felda Global Ventures' (FGV) 1Q13 as largely in line with its estimate, at 22% of its full-year forecast, but they were at 17% of consensus.
The research house said on Thursday 1Q core earnings were dragged down by lower crude palm oil (CPO) prices, weaker sugar earnings and higher fair value changes in land lease liability.
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