Malaysia’s Felda on Course for Record Month on Palm Rally: Chart

(Bloomberg) -- The world’s largest crude palm oil producer, Felda Global Ventures Holdings Bhd., is headed for its best month on record after prices for the commodity entered a bull market last week. The stock has surged 24 percent in August before the release of quarterly results due Wednesday. Still, Felda has lost half its value since listing and Zakaria Arshad, the chief executive officer appointed in April, said he’s not satisfied with the share price and “there’s still a long way more to go."

To contact the reporter on this story: Choong En Han in Kuala Lumpur at echoong6@bloomberg.net. To contact the editors responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net, Jake Ulick