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KUALA LUMPUR: Public Bank underpinned the FBM KLCI’s strong close on Wednesday as investors cheered its historic four bonus shares for each share held.
KUALA LUMPUR: Shares of FGV Holdings Bhd fell to a low of RM1.23 on Wednesday as investors were disappointed with Felda’s takeover offer price of RM1.30 a share, though analysts described it as fair.
KUALA LUMPUR: Public Bank, FGV, Gamuda and Inix are among the stocks to watch on Wednesday following their corporate announcements, JF Apex Research said.
KUALA LUMPUR: Felda Land Development Authority (Felda) has launched a takeover of FGV Holdings Bhd at RM1.30 a share, or 2.3% above Monday closing price of RM1.27.
KUALA LUMPUR: The National Technology and Innovation Sandbox (NTIS) will accelerate the competitiveness of the national agriculture sector whilst improving the socio-economic outcomes for settlers in Federal Land Development Authority (Felda) schemes.
KUALA LUMPUR: If the proposed RM69 billion development allocation for 2021 were to be reduced with a portion redirected to the Covid-19 fund, it would have an impact on projects that have already begun, said Minister in the Prime Minister's Department Datuk Seri Mustapa Mohamed.
KUALA LUMPUR: CGS-CIMB Research retains Hold for FGV Holdings Bhd with a higher target price of RM1.34 from its earlier RM1.21 on higher earnings outlook though there were some concerns about the potential corporate exercise with FELDA.