KUALA LUMPUR: CIMB Equities Research is maintaining its target price for Felda Global Ventures target price at RM4.70, which is 3.3% above its last traded price of RM4.55.
It said on Monday, FGV's nine-month core earnings for the period ended Sept 30, 2012, excluding gain on disposal of securities, were disappointing at 77% of its and 67% of consensus full-year numbers, as it expected a lower Q4 profit due to weaker CPO prices.
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