29/08/2012 (Bernama) - Alliance Research has maintained its "neutral" call for Felda Global Ventures Holdings (FGVH) Bhd's RM5.39 target price as the research firm believes the company's second half 2012 earnings will be stronger due to seasonally better oil palm production.

For FGVH's first half earnings, it was still in line with house and street estimates despite only achieving 39 per cent of full year estimates, it said.

"Profits were adjusted for a one-off listing expense of RM40 million recorded in the second quarter this year," it said in a results review Wednesday.