KUALA LUMPUR: It is timely to realise some profits from Felda Global Ventures Holdings Bhd (FGV) shares when the price moves above its holding costs. In a statement yesterday, Koperasi Permodalan Felda Malaysia Bhd (KPF) said it was also looking to accumulate the shares should the price start to consolidate. In a filing with Bursa Malaysia on Wednesday, KPF said it had disposed of 3.77 million FGV shares on Feb 6, leaving it with a direct interest of 5.52%. Recent sale transactions by KPF have sparked a negative view by the media on FGV. KPF said it was one of the substantial institutional shareholders in FGV and currently has about 5.8% stake.

Source: The Star February 09, 2017 23:03 UTC