Felda Global Ventures may well become an election stock - again
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Anita Gabriel
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THE debut of Felda Global Ventures (FGV) on the Malaysian stock exchange over four years ago - the world's third-largest stock offering that year - was hailed as the brightest spot in Asia's colourless listing scene then. It was also meant to woo Malaysian voters' ahead of a hotly-contested elections. Now, the company has, well, turned on its "kernel".
The showing by the stock of one of the largest oil palm plantation operators in the world has been nothing short of drab soon after its spectacular first-day pop of 20 per cent in June 2012.
The counter lost half its value in two years and in 2015, got the boot from the revered status of being an index constituent of a primary benchmark for the Malaysian market.
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