Felda Global Ventures - FGV trades in Tradewinds (M)

Date: 
2013-01-31
Firm: 
CIMB
Stock: 
FGV
Price Target: 
2.60
Price Call: 
HOLD
Last Price: 
1.13
Upside/Downside: 
+1.47 (130.09%)
Target RM2.60 (Long Term: Neutral)
 
We are, overall, neutral on FGV's decision to accept the RM9.30/share cash offer for its 20% stake in Tradewinds (M) as the strong return on this investment is offset by earnings dilution of around 3% following the sale.
 

 

Discussions
Be the first to like this. Showing 5 of 5 comments

hatifahs

Huh pelik bin ajaib cimb yang buat analisa so wat for cimb doing that? Tak kan lah value fgv worth 2.60? Nazir !!

2013-01-31 19:02

arebear

4.70

2013-01-31 19:39

Risk Trader

To cover loss as lead manager from IPO.....

2013-01-31 23:30

ambani

Very silly tp : 2.60 but ask to hold. 2.60 or 4.60?

2013-02-04 12:16

yazid7655

hahaha..... hopefully come to rm2.60.... then i call for buy

2013-02-04 15:16

Post a Comment