MARKET DEVELOPMENT
FGV Share Price Falls Due To Decline In Palm Oil Mart - Razali
FGV Share Price Falls Due To Decline In Palm Oil Mart - Razali
23/12/2014 (Bernama) - The fall in the share prices of Felda Global Ventures Holdings Bhd (FGV) by almost half from its offer price is due to the global decline in the prices of palm oil.
Deputy Minister in the Prime Minister's Department, Datuk Razali Ibrahim, said this affected the share prices because 75 per cent of FGV's business were based on the product.
"FGB cannot compare with Sime Darby Bhd or IOI Corp Bhd because they are much more diversified.
"When the price drops, of course it will effect the price of FGV. The fall, to me, is quite alarming and sad.
"I hope the shareholders do not sell their shares," he told a media briefing after officiating National Resilience Seminar 2014 here today.
Razali said the fall in the share prices was also not due to poor management.
"If it is due to mismanagement, I'm sure you will see some changes now,"
Deputy Minister in the Prime Minister's Department, Datuk Razali Ibrahim, said this affected the share prices because 75 per cent of FGV's business were based on the product.
"FGB cannot compare with Sime Darby Bhd or IOI Corp Bhd because they are much more diversified.
"When the price drops, of course it will effect the price of FGV. The fall, to me, is quite alarming and sad.
"I hope the shareholders do not sell their shares," he told a media briefing after officiating National Resilience Seminar 2014 here today.
Razali said the fall in the share prices was also not due to poor management.
"If it is due to mismanagement, I'm sure you will see some changes now,"