KUALA LUMPUR: Rising crude palm oil prices are expected to translate into higher profits for FGV Holdings Bhd
due to its high operating leverage, says AllianceDBS research.
Maintaining its buy call on the stock, the research house lifted its FY20/21F earnings forecast on FGV by 31/21% and increased its target price from RM1.60 to RM1.80 on expectations of higher CPO prices.
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