MARKET UPDATES :
Federal Land Development Authority (FELDA) subsidiary, Felda Investment Corporation (FIC), recently acquired Grand Plaza Kensington Hotel in London, in a move to diversify its investment assets. FELDA Group Chairman Tan Sri Mohd Isa Abdul Samad said the acquisition would enable the company to maximise its investment returns for the ultimate benefit of stakeholders. “It marked an important milestone in the company’s history as its first stepping stone in creating a brand name for FELDA with the previously acquired Grand Plaza Serviced Apartments in Bayswater, the hot-spot area among Malaysians visiting London.
STOCK RECOMMENDATION :
BUY FELDA GLOBAL VENTURES ABOVE 2.3900 TARGET 2.4200 2.4600 SL 2.3400
Federal Land Development Authority (FELDA) subsidiary, Felda Investment Corporation (FIC), recently acquired Grand Plaza Kensington Hotel in London, in a move to diversify its investment assets. FELDA Group Chairman Tan Sri Mohd Isa Abdul Samad said the acquisition would enable the company to maximise its investment returns for the ultimate benefit of stakeholders. “It marked an important milestone in the company’s history as its first stepping stone in creating a brand name for FELDA with the previously acquired Grand Plaza Serviced Apartments in Bayswater, the hot-spot area among Malaysians visiting London.
STOCK RECOMMENDATION :
BUY FELDA GLOBAL VENTURES ABOVE 2.3900 TARGET 2.4200 2.4600 SL 2.3400
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