Tuesday 22 November 2016

Felda Global. Faded

Where are you now is a top selling single for Alan Walker.
Is Felda Global "FADED", traders, punters and dealers are all asking the same question.
The stock is now down 19 sen to RM1.69. it's the most actively traded stock on Bursa Malaysia.
The technicals suggest, Felda should find its fair value home at RM1.50, but FELDA is such a political stock, any thing can happen..Russian Roulette style.

Meanwhile for the nine months ended September 2016 Felda Global profits fell to RM14 million from RM200 million in the same period last year