Let’s find out if one of Malaysia’s largest palm oil companies, FGV Holdings Bhd, is still holding up.
This post was originally posted here. The contributor to this article,@Denise is one of our many community members on InvestingNote.
At a quick glance, the share price of FGV has fallen sharply ever since its 2012 IPO reference price high of 4.55 ringgit. That’s a whopping 80% drop!
However, if you have been eyeing a position in FGV, this might be a good opportunity to enter.
But before that, here’s an overview of this particular palm oil company in Malaysia.
𝘋𝘪𝘥 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸?
Palm oil is one of Malaysia’s primary industries, and Malaysia is the world’s second-largest producer and exporter of palm oil after Indonesia. The volume of palm oil consumed in Malaysia (2019/2020) is 3.7Million metric tons, while the contribution of palm oil to the Malaysian GDP in 2018 is 2.8%. Exports of palm oil recorded 3.9% of total exports.