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Friday, November 30, 2012

Deputy minister blames Felda share drop on 'evil' critics

Deputy Minister in Prime Minister’s Department Ahmad Maslan said apart from falling world palm oil prices, negative reports on Felda Global Ventures Holdings Bhd (FGV) was one of the reasons for the fall in its share price.

NONE“This (negative media reports) is among the causes. (For example) the other they accused Getting of owning RM400 million shares in Felda. 

“The stock depends also on emotions ... apart from the fall in world palm oil prices,” he said during Umno’s 66th annual general assembly at Putra World Trade Centre (PWTC). 

FGV’s share price fell four sen, or 0.87 percent, to RM4.55 as at 11.33am today due to expected disappointing third-quarter results, reported Bernama.

An analyst said the expectation of disappointing third-quarter result was due to the weak crude palm oil (CPO) prices and low fresh fruit bunches (FFB)

Maslan however continued to blame those who disparaged the highly trumpeted giant Bursa listing for the downward turn.

“They are truly evil. I have not seen people in this world as evil as them.

“Have you met (such people?). Has Malaysiakini ever met (such people)?,” he added.

[More to follow]

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