Maybank Research cuts FGV forecast on lower CPO price


KUALA LUMPUR: Maybank Kim Eng Research is cutting its forecasts for Felda Global Ventures Holdings Bhd on lower 2014 crude palm oil average selling price assumption of RM2,430 per tonne. 

It had on Friday cut its financial year ending Dec 31, 2014 to 2016 earnings per share forecasts by 6%, 5%, and 7% respectively. 

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