30/11/2012 (Bernama) - Felda Global Ventures Holdings Bhd's share price fell four sen, or 0.87 per cent, to RM4.55 as at 11.33 am today as analysts expected a disappointing third-quarter result.

The price was also at par with the oil palm plantation giant's offer price at its initial public offering, which was Malaysia's largest listing this year and the second in the world after Facebook.

An analyst said the expectation of disappointing third-quarter result was due to the weak crude palm oil (CPO) prices and low fresh fruit bunches (FFB) production growth during the three months under review.

"FGVH could also struggle with its ageing oil palm trees that accounted for 53 per cent of the 320,000 hectares of oil palm estates which rank among the highest in the industry," he said.

He said a replanting exercise would mean even more loss of income for the group during the period for the trees to mature.