It’s a far cry from its initial public offering price of RM4.55 in 2012. At that time, the IPO for Felda Global Ventures was the second largest in the world after Facebook’s.
After the IPO, the share price of Felda Global Ventures Holdings Bhd opened at RM5.39. One banking research unit reportedly even had “Outperform” on FGVH and a fair value of RM5.44.
Look at it today. How the mighty have fallen.
In recent weeks, the EPF, one of FGV’s substantial sharesholders, has been steadily disposing shares. Do they know something we don’t?