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CPO (crude palm oil)
Broker's Calls
RHB raises Golden Agri earnings estimates on lower unit costs and higher downstream contributions
RHB have kept their “neutral” call on Golden Agri with a slightly higher target price of 30 cents from 29 cents previously.
August 17, 2022
Broker's Calls
Indonesia's temporary export levy suspension to immediately increase domestic CPO and FFB prices: UOB KH
Indonesia had announced the temporary levy suspension from July 15 to August 31 to boost exports and increase domestic prices.
July 19, 2022
Broker's Calls
Indonesia's B35 mandate may not effectively lower stocks in the near term: CGS-CIMB
The B35 policy, effective on July 20, is aimed at reducing palm oil inventories in Indonesia.
July 12, 2022
Broker's Calls
Indonesia’s ban on palm oil exports may raise CPO prices and worsen inflationary pressures: RHB
CPO exporters in Indonesia would suffer while downstream players with refining capacity would benefit from the demand-supply shift
April 25, 2022
Broker's Calls
DBS lifts First Resources TP to $2.50 on strong CPO price and earnings prospect
DBS Group Research analyst William Simadiputra says the stock should trade in line with its 5-year average P/E multiple of 15x.
March 23, 2022
Broker's Calls
RHB maintains 'neutral' on Golden Agri on the back of decent earnings and fair valuation
RHB has maintained their 'neutral' call on Golden Agri, raising their target price to 31.5 cents from 26 cents previously.
March 03, 2022
Broker's Calls
Bumitama Agri gets 'buy' calls as earnings expected to remain robust in FY22
Analysts at RHB Group Research and UOB Kay Hian have lifted their TPs to 90 cents and 85 cents respectively.
March 02, 2022
Commodities
Fundamental supply and demand balance is expected to remain tight, says Golden Agri-Resources
Factors include labour shortages in Malaysia, high fertiliser prices and unfavourable weather conditions.
March 01, 2022
Broker's Calls
DBS positive on Bumitama Agri, expects ‘meaningful selling price recovery’ in 2H21 results
DBS expects "stellar earnings" from BAL in 2HFY2021, since it has no hedging exposure.
November 08, 2021
Broker's Calls
DBS downgrades First Resources to 'hold' citing limited further upside potential
First Resources' share price climbed 32% year-to-date, outperforming its plantation peers.
November 05, 2021