Eagle High acquisition could mean another round of selloff for Felda

Kuala Lumpur

VIEWS may be mixed on how much support Malaysia's stock market can derive from a proposed RM20 billion (S$6.45 billion) fund to buy undervalued shares, but the plan has already proved to be a boon for Felda Global Ventures Bhd.

Shares of the state-owned planter are still a fourth higher to RM1.50, albeit having slipped from the whopping 29 per cent one-day gain on Sept 14 when Putrajaya announced pro-active measures to boost the economy.