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Podcast  >  Morning Run  >  Market Watch  >  CG Concerns Overhang on FGV

CG Concerns Overhang on FGV

Hoe Lee Leng, Deputy Director, RHB Research

04-Nov-16 09:20

CG Concerns Overhang on FGV

Export figures in September declined 14% y-o-y, 20% m-o-m largely from a fall in contribution from China and India. Meanwhile concerns of corporate governance surrounding plantation giant FGV is weighing down on the stock which fell by 14% from a month-high of RM2.40 in October. Further cost rationalisation measures may not bear fruit yet in its Q3 results as the industry recovers from the effects of El Nino. 

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Tags:  Malaysia equitiesplantation sectorFGVFFBRSPOFinancial ServicesEconomy, Markets


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