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约搏单双游戏(www.eth108.vip):FGV shares up on dairy farm business venture

约搏单双游戏(www.eth108.vip):FGV shares up on dairy farm business venture

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KUALA LUMPUR: FGV Holdings Bhd's (FGV) shares on Bursa Malaysia rose this morning following its announcement of a joint-venture (JV) with Qatar-based Baladna Food Industries W.L.L (Baladna) and Touch Group Holdings Sdn Bhd to develop a RM4.5 billion integrated dairy farm business in Perlis.

At 10.10 am, the counter rose two sen to RM1.53 with 105,200 shares changing hands.

Yesterday, FGV said its wholly-owned subsidiary, FGV Integrated Farming Holdings Sdn Bhd would have a 40 per cent stake in the JV company, while Baladna and Touch Holdings Sdn Bhd would have a 40 per cent and 20 per cent share of the company, respectively.

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The JV is expected to have a total funding of up to RM4.5 billion, 70 per cent of which through external financing and 30 per cent via capital cash injection from the parties.

In a note, Public Investment Bank Bhd said the project is expected to be commercially operational by 2025 and is targeted to produce 100 million litres of fresh milk annually within the first three years, rising to 300 million litres of fresh milk in 10 years.

However, the research firm has maintained its ‘neutral’ call on FGV with an unchanged target price of RM1.61, saying that it remains unclear over the valuation, given the sketchy information on the earnings contribution from the project. -- Bernama


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  • 顛沛流離人生 @回复Ta

    2022-10-25 00:04:56 

    "As ASP and demand continued to normalise, this is reflected in our Q1 results, which was further impacted by the higher operating cost environment amid rising inflationary pressure resulting from the higher electricity and natural gas tariffs, as well as the new minimum wage policy implemented in May 2022.角度清奇,篇幅精悍

  • 澳5官网(www.a55555.net) @回复Ta

    2022-12-30 00:03:20 

    During the Bursa Malaysia-Maybank Sectorial Series "Why Malaysia” webinar today, Permodalan Nasional Bhd (PNB) chief investment officer, private and strategic investments, Rick Ramli said there will be some benefits from consolidation in the banking sector, especially to the subscale players but mostly in the subsequent months or years.不错的~真的好

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