KL Trader Investment Research Articles
Feldao Global Ventures - Steady earnings, decent yield
Felda Global Ventures; Hold (initiate coverage); RM4.85
Price target: RM5.05; FGVH MK
World’s third largest oil palm planter with access to 7% of global CPO supply via 49%-associate. A developed upstream model with steady cashflow and decent dividend payout. Improving operational efficiency, strong balance sheet to propel FGVH to next stage of growth. Initiating coverage with HOLD call and RM5.05 TP.
Source: HwangDBS Research - 6 Sept 2012
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chongkonghui
Steady earnings?? A Typical Analyst Report.
2012-09-12 09:18