08/06/2016 (Bernama) - Hong Leong Investment Bank (HLIB) has recommended a 'buy' call on Felda Global Ventures Holdings Bhd (FGV) on strong crude palm oil (CPO) prices and the government's commitment to enhancing the biodiesel programme.

In a note, HLIB also said FGV's 4.6 per cent rebound from a year-to-date (YTD) low was mainly attributed to investors' optimism that new Chief Executive Officer Datuk Zakaria Arshad (appointed on April 1) is able to halt the group's plunging share prices, given his hands-on experience and close connection to FELDA.

FGV's share price nose-dived 35.8 per cent to a YTD low of RM1.31 on May 25 before closing at RM1.37 yesterday.