KUALA LUMPUR: Given that delisting risks remain for FGV Holdings Bhd (FGV), CGS-CIMB Research is keeping a “hold” call on the planter with a target price of RM1.30 premised on the previous takeover offer price and in anticipation that the Federal Land Development Authority (Felda) would still pursue a delisting.
“Until Felda reveals its intent for FGV’s listing status, we keep our hold call, ” the research house said.
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