KUALA LUMPUR: CIMB Equities Research is maintaining its Neutral recommendation on Felda Global Ventures and is retaining its target price for the plantations giant at RM4.73.
It said on Thursday that at only 46% of its FY13 forecast (55% of consensus), FGV’s 9M13 net profit before fair value changes in the land lease agreement (LLA) liability came in below.
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