Felda Global Ventures; Hold; RM4.25
Price Target: RM4.60; FGV MK
Synergistic acquisition

Proposed acquisition of 51% stake in FHB for RM2.2bn. Operational efficiency and synergy within value chain to boost earnings. Maintain HOLD with RM4.60 TP.

Top Glove Corp; Buy; RM6.15
Price Target: RM7.20; TOPG MK
Nitrile gloves driving growth

FY13 net profit missed our and consensus’ expectations due to weaker-than-expected margins. Declared final 9 sen DPS, taking total to 16 sen/share or 50% payout. Maintain BUY and RM7.20 TP.

Source: HwangDBS Research - 14 Oct 2013