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PETALING JAYA: Agricultural chemical manufacturer and distributor Halex Holdings Bhd is looking to supply straight fertilisers to a big planter. Once the deal goes through, Halex will be selling 120,000 tonnes of fertilisers compared with the 1,000 tonnes it sells per year.
EXCLUDING the timber business, AmResearch said its fair value implied a plantation valuation of only RM32,000 per ha (planted area at 67,000ha) versus recent market transactions of over RM80,000 per ha. The research unit added that it was fair, given the poor performance of the plantation division.