INVESTORS’ concerns on Felda Global Ventures Holdings Bhd’s (FGV) upcoming quarterly results could be one of the reasons for its weakening share price. Also, the plantation giant has been slapped with a deforestation charge at its PT Temila Agro Abadi (PT TAA) plantation unit in West Kalimantan, which the group has strongly refuted.
Shares of FGV had fallen more than 6.1% in the last five trading days. Its shares fell to RM1.84 yesterday, down 1.1%. It is currently trading at 442.7 times trailing 12-month earnings per share and 40 times its estimates for the coming year.
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