FGV’s business transformation process expected to remain on track 18 Feb 2021 / 09:30 H.
PETALING JAYA: Felda’s proposal to privatise FGV Holdings Bhd is not likely to disrupt the latter’s business transformation plan, according to analysts.
“It is in the best interest of Felda, for FGV to reach greater heights with their business transformation plan which has been doing well so far,” said an analyst who declined to be named.
The analyst pointed out that FGV has been making inroads into the value-added downstream sector as well as related sectors, such as integrated farming.
Should Felda feel compelled to downsize FGV operations, the analyst said, there are many loss-making divisions within the group that could be axed instead.