Research houses optimistic on FGV

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The stock was traded between RM5.25 and RM5.35 and ended the day two sen higher at RM5.32, with more than 38 million shares changing hands.

Meanwhile, at press time, data compiled by Bloomberg revealed that all four research houses are optimistic on FGV’s prospects.

Public Investment Bank Bhd, Affin Securities Sdn Bhd, ECM Libra, TA Securities Holdings Bhd have placed a “buy” or “outperform” recommendation on FGV, with target price ranging from RM5.44 to RM5.65.

Business Times : marketwatch

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