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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  FGV Holdings    FGV   MYL5222OO004

FGV HOLDINGS

(FGV)
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Malaysia's FGV says disappointed with U.S. ban on palm oil products

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09/30/2020 | 08:20pm EDT

KUALA LUMPUR, Oct 1 (Reuters) - Malaysian palm oil producer FGV Holdings Bhd said on Thursday it was disappointed with a move by the United States to ban the imports of its products over allegations of forced labour when it has taken steps to fix the issue.

"FGV is disappointed that such decision has been made when FGV has been taking concrete steps over the past several years in demonstrating its commitment to respect human rights and to uphold labour standards," the company said in a statement.

The company said it will continue to engage with the U.S. Customs and Border Protection, which issued the ban, to clear its name. (Reporting by A. Ananthalakshmi; Editing by Muralikumar Anantharaman)


Stocks mentioned in the article
ChangeLast1st jan.
CPO (CPO) - CMG (ELECTRONIC)/C1 0.00% 692.5 End-of-day quote.-0.86%
FGV HOLDINGS -1.82% 1.08 End-of-day quote.-28.95%
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Financials
Sales 2020 14 096 M 3 404 M 3 404 M
Net income 2020 -31,5 M -7,61 M -7,61 M
Net Debt 2020 4 208 M 1 016 M 1 016 M
P/E ratio 2020 -98,3x
Yield 2020 1,49%
Capitalization 3 940 M 951 M 951 M
EV / Sales 2020 0,58x
EV / Sales 2021 0,58x
Nbr of Employees 17 104
Free-Float 32,6%
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Technical analysis trends FGV HOLDINGS
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 1,14 MYR
Last Close Price 1,08 MYR
Spread / Highest target 34,3%
Spread / Average Target 5,28%
Spread / Lowest Target -21,3%
EPS Revisions
Managers
NameTitle
Haris Fadzilah bin Hassan Chief Executive Officer
Wira Azhar bin Abdul Hamid Chairman
Mohamed Hairul Abdul Hamid Chief Financial Officer
Mohammed Anwar bin Yahya Independent Non Executive Director
Mohamed Nazeeb P. Alithambi Independent Non Executive Director
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