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Revisions

This plantation stock is going down a golden path

RHB strategy for 2017

This plantation stock is going down a golden path

Michelle Zhu Published on Mon, Jan 09, 2017 / 12:21 PM GMT+8

Image Credit: www.indonesia-investments.com

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SINGAPORE (Jan 9): RHB is maintaining its “buy” call on Golden Agri at a target price of 46 cents while declaring the stock as its top pick within the plantation sector.

(See also: Will 2017 be a bumper crop year for plantation stocks?)

“We like Golden Agri as we believe its more geographically diversified landbank would allow it to face challenges better in times of extreme weather,” states RHB’s team of analysts in a Tuesday report.