Genting Plantations JV to have little early impact

BIMB Research described the capital commitment as “sizeable” and therefore, execution risks exist.

PETALING JAYA: Genting Plantations Bhd’s proposed venture into the vegetable-seeds business by partnering with a China firm is expected to have limited impact on near-term profits, owing to likely high upfront costs.

Research houses such as BIMB Research and CIMB Research are “neutral” on the venture.