Golden-Agri Resources

Supply constraints will gradually ease in the coming quarters

The analysts have raised Bumitama's FY2023 earnings estimate by 30%.

See what the analysts have to say this week.

The robust performance was mainly attributable to the continued appreciation of CPO market prices, says the group.

Analysts at CGS-CIMB and RHB have increased their TP for Golden Agri-Resources to 28.1 cents and 28 cents respectively.

While plantation stocks are typically strongly correlated with CPO, only Wilmar International’s share price has a meaningful gain.

UOB Kay Hian has maintained its “market weight” recommendation on the Singapore plantation sector upon improved y-o-y earnings in 1H20, and expectations of a better 2H20.

Indonesia reiterates its commitment to a higher biodiesel blend in its diesel oil amid Covid-19 pressures.

SINGAPORE (May 15): Golden Agri-Resources’s poor 1Q FY20 results have prompted analysts to be bearish on the palm oil player.

SINGAPORE (Dec 9): Gary Loh, former executive chairman and controlling shareholder of SunMoon Food Co, has been loosening his hold on the company. Loh, via his private-equity firm, First Alverstone Capital, sold 19 million shares for $821,542.50, which wo