Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Malaysia News  >>   Agriculture  >>   Malaysia’s Felda Global eyeing plantation land in Indonesia
NEWS UPDATES Asean Affairs   19 February 2013  

Malaysia’s Felda Global eyeing plantation land in Indonesia

15-Feb-2013

 RHB Research Institute says Malaysian company Felda Global Ventures (FGV) is close to securing some acquisitions, likely to be upstream plantation land in Indonesia.

“We believe FGV would prefer to buy a combination of greenfield and brownfield land, which would add to earnings immediately and generate positive cashflows,” it said today.

RHB Research said on the downstream front, FGV could be eyeing to expand via collaboration or strategic alliances with partners, and possibly exploring the setting up of downstream plants in China and India.

“Besides this, we believe FGV continues to identify non-core assets (held at FHB level) to divest, which could include its travel, IT, livestock and cocoa businesses, amongst others,” it said.

Following its company visit, RHB Research said FGV's fresh fruit bunches (FFB) production was better than expected for FY12 and estimates were lowered for FY13.

The research house said FGV was also expecting better crude palm oil (CPO) prices in the second half of 2013.

It added that unit production costs were expected to be flattish in FY13. Meanwhile, FGV replanted more than original target in FY12.

As for the downstream refineries, they had started to turn around operationally in Q4, 2012.

“Upstream plantation acquisitions are most likely, while non-core asset divestment and downstream collaborations are being considered,” it said.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories    19  February 2013   
Subsribe Now !
• Asean vows to exert more efforts to fulfil common goals Subcribe: Asean Affairs Global Magazine
• Asean and Norway strengthens relationship Asean Affairs Premium
• Renminbi dominated transaction a trend in ASEAN-China business
• Asean NCAP release first crash test results
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• New Singapore sex-for-favours trial
• Singapore’s white paper on population policy triggers protest
• Thailand's ICT spending to reach $21B In 2013  
• Malaysia’s Felda Global eyeing plantation land in Indonesia  
Asean Analysis              10  February 2013       Advertise Your Brand
• Asean Analysis- February 10, 2013  
• Asean Weekly- February 10, 2013 Sponsor Our Events

Asean Stock Watch      15  February 2013     

 
• Asean Stock Watch- February 15, 2013
• Asean Stock Watch-  February 14, 2013  

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com