FGV – a re-rating?

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FGV is a Bursa Plantation company.
For many years, its business performance as measured by its ROE was way behind that of my reference Bursa Plantation company – KLK. But when you looked at the past 2 years performance, FGV ROE seemed to be as good as that for KLK.
[Image: FGV.png]
The interesting thing is that the market price has yet to reflect the improved performance. Is this a sign of better share prices to come?

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