External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>FGV posted strong 1QFY22 core earnings of RM345m on the back of stronger plantation earnings.</li><li>The strong set of results were above our and the consensus forecasts, making up 36% and 42% of full-year expectations, respectively.</li><li>Nevertheless, we make no changes to our forecasts as we expect to see continuous margin pressure from the sugar segment. No dividend was declared for the quarter. Maintain Neutral with an unchanged TP of RM1.61.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

FGV posted strong 1QFY22 core earnings of RM345m on the back of stronger plantation earnings.The strong set of results were above our and the consensus forecasts, making up 36% and 42% of full-year expectations, respectively.Nevertheless, we make no changes to our forecasts as we expect to see continuous margin pressure from the sugar segment. No dividend was declared for the quarter. Maintain Neutral with an unchanged TP of RM1.61.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FGV Holdings - Driven By Stronger Plantation Earnings

FGV Holdings Bhd

FGV Holdings - Driven By Stronger Plantation Earnings