Going downstream: The proposed acquisition of Zhong Ling Nutri-Oil is in line with FGVHB
PETALING JAYA: CIMB Research has reservations on Felda Global Ventures Holdings Bhd’s (FGV) proposed Chinese acquisition as the sustainability of earnings from this asset in future years is questionable.
This is in view of rising competition in the cooking oil market in China and slowing demand for palm oil from China.
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