Market expecting worse to come for FGV

The board is investigating six matters on FGV

BASED on FGV Holdings Bhd’s share movements in recent times and with several analysts expecting a worst-case scenario in bottom line for its financial year 2018 (FY18), the market appears to be bracing for the worst.

There has been no let up to the relentless selling at the world’s biggest palm oil producer and oil palm plantation operator, as its shares had recently fallen to below the RM1 mark and is now categorised as a penny stock.