CIMB expresses caution even if FGV buys less than 10% in Eagle High

KUALA LUMPUR: CIMB Research expects the market to view negatively the possibility of Felda Global Ventures Holdings Bhd (FGV) taking up less than a 10% stake in PT Eagle High Plantations Tbk.

This could further dilute the earnings of FGV and also lead to potential write-offs in its investments, said the research unit in its latest report.