FGV on track for a better 2H on rising production

TA Research adjusted FGV’s earnings forecasts for FY24 to FY26 upwards to a range of 3.8% to 65.3%.

PETALING JAYA: Analysts are still cautious about FGV Holdings Bhd’s prospects, despite improvement in the group’s latest second quarter of the financial year 2024 (2Q24) results.

FGV posted a core net profit of RM102.8mil in 2Q24 from a loss of RM26mil in the same corresponding period last year.