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We refer to the article titled: “Syed Mokhtar making his move on FGV” which was published in The Edge on 21 September 2019.
FGV Holdings Berhad (“FGV”) wishes to clarify that after checking with its Board of Directors and Senior Management, it is unaware of the proposals described in the article.
FGV strives to create value for its stakeholders and explores all opportunities that would benefit the Group and its shareholders.
Technically FGV looks bad, can go down as much to rm0.70+-. But i dont think it will go that far. Sure there will be support higher than that before going up. Timing should follow last year, Dec - Jan. I hope Syed Mokhtar news will be the catalyst. This time i hope it will go higher than rm1.30
fgv will have the same fate like mas. waiting to be delisted. palm oil cannot be saved now. more eu country will banned palm oil after farm fire burning