FGV initiated at KAF Seagroatt & Campbell Bhd with hold

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(July 17): KAF Seagroatt & Campbell analyst Thomas Soon initiated coverage of Felda Global Ventures Holdings Bhd with a recommendation of hold.

Soon predicted FGV will trade at RM1.70 within a year, implying a 4.3% increase from the last close. The new target is 0.1% above the consensus average of RM1.70. FGV had 8 holds and 6 sells before today.

Analysts lowered their consensus one-year target price for the stock by 3.4% in the past three months. Forecasts range from RM1.45 to RM2.63.

Soon covers 11 companies; 2 are rated buy and 9 are rated hold.