Question 1 ( 20 marks ) Felda Global Venture (FGV) is currently trading at RM1.98 per share based on the Earning Per Share (EPS) of 32.01 cents per share. The total share outstanding is 3,648,152,000. Unaudited Condensed Consolidated Statement of Comprehensive Income for the Quarter ended 31 December 2021 Quarter ondoc Year to date ended Note 31 December 2021 2020 2021 31 December 2020 RM'OOO R\\OOO RMOCO RM'OOO Revenue 6.184 282 Cost of sales 4,008.806 54.3% 19.575.323 (5,199.667) (3.468 111) 14.075.712 39.1% Gross profit (16 865.216) (12 501,688) 984,625 540,695 82.1% g income 21.756 2.710,107 .574,044 72.2%% 68.551 98,323 Selig and distribution costs 132.499 (20.308) omnistrative expenses (203,935) (228,568) (172.968) (114,671) Reversal of impairmentyimpairment (792,722) (774,343) loss of financial assets (not) 1,777 (6,107) Xher operating expenses (69.906) (5,815) 7.793 (140.150) Commodity (lossas )gains . not (98,515) 264.771) (12,242) (47 825) 84.960 42.45 Operating profit 221,858 >100% Fair value changes in Land Lease 792,403 603,007 Agroomant ['LLA") lisbilty 66,455 98,460 Operating profit after LLA 158 490) 15 $99 211 (3.984) 320,348 >100% Finance income 9.170 1,788,419 444,517 >100% 22.535 22.517 Finance coats 23,863) 39.612 re of results from associates 35,461) 136,365) (161,872) 2.573 476 3.551 are of results fr 10,728 Profit before zakat and taxation 689.531 35,85 318.626 >100% 23,44 Zaket 1.713,980 (14.985) >100% (10.900) Taxation (16.300) 16 250,719) (124 245) Profit for the financial period/year 520 906) 423.827 195.571) 183,481 >100% .175.578 134,193 >100% Profit attributable to: he Company 465.085 31,063 >100% - Non-controling interests .167.874 (41,258) 52 418 146,156 >100% 423.827 7,704 (1 1,963) 183,481 >100% 1,175,578 Other comprehensive Income/(loss) 134,193 >100% Actuarial gains/(joss) on defined benefit plan 19,403 (3,263) 19,722 air value changes of financial (4,333) assets at fair value through other comprehensive income (FVOCD) 57,050 35/44 alsation of foreign exchange 52.713 47 408 reserve upon disposal of assets held for sale chore of other comprehensive (4,342) (4,342) Income of an associate 531 531 name of other comprehensive loss joint ventures urrancy translat (1,946) (597) (4,865) $,004 25,341) Cash flow hodges 1.506 24,570 19,072) Other comprehensive Income for the (4 241) Snancial period/year, net of the 79.438 2 061 otal comprehensive incom 102.482 10.556 for the financial period/year 503,265 185,542 >100% 1,278,060 144,749 >100% ofal comprehensive income attributable to: Owners of the Company 542.401 135,317 5-100% 269.363 . Non-controlling inforces (39.136) 161,681 2100% 50.225 8,697 Total comprehensive Income (16,932) for the financial period/yea 503,265 185,542 > 1,278,060 144,749 >100% smings per share for profit attributable to the Owners of the Company: Basic (een) 20 12.75 3.59 32 01 4.01 Required : a. What is the current Price Earning Ratio (PER) of FGV ? ( 3 marks ) b. If the board members want to see the share price to go up to RM2.50, how much profit after tax must the company generate next year? (5 marks ) c. How much revenue must be charted next year to achieve the targeted price ? (5 marks ) d. What other strategies that can be persue to achieve the new Market capitalisation ? (7 marks ) (20 marks )