FGV: failure or success?

By A. Stephanie

In a series of five articles KiniBiz takes a very close look at Felda Global Ventures Holdings Bhd (FGV). The company was listed on June 28, 2012 at RM5.30 per share. The shares peaked at RM5.50. Now it’s trading at half that price. In the first article, KiniBiz looks at the politics behind FGV. In the second article, we look at how the older lands and ageing palm areas inherited from Felda and the land lease agreement accounting for these have played havoc with FGV’s financials. Moving on, KiniBiz casts an eye over FGV’s buying spree in a space of less than two years. In the fourth article, we examine the claim that the price of CPO is to be blamed for FGV’s share volatility. Finally, Tiger weighs in on the the dabbling of government-linked companies in many major industries, particularly the lucrative but also capital intensive plantations sector.