Golden Agri Resources (GAR)

The company differentiates itself by moving up the value chain with a broad portfolio of higher value-added products.

RHB have kept their “neutral” call on Golden Agri with a slightly higher target price of 30 cents from 29 cents previously.

Factors include labour shortages in Malaysia, high fertiliser prices and unfavourable weather conditions.

The reduction of Malaysia’s export duty on crude palm oil (CPO) to zero in June from 4.5% in May has a contrasting impact on several Singapore-listed and Indonesia-based palm oil companies.

Wilmar leads the pack following a good 1Q20 start for palm oil, but Golden Agri Resources falls back into the red.

Here are four stocks to watch for the week: Dairy Farm International, Bumitama Agri, Golden Agri Resources and Jumbo Group

SINGAPORE (Sept 30): US President Donald Trump said on Sept 25 that a deal to end a 15-month trade war with China could happen sooner than people thought and that the Chinese were making big agricultural purchases from the US, including of beef and pork.

SINGAPORE (May 29): UOB Kay Hian says 1Q19 was another weak quarter of earnings for plantation companies largely due to subdued palm and palm kernel oil prices.

SINGAPORE (Jan 28): RHB Research is resuming coverage on Golden Agri Resources with a “sell” recommendation and a lower target price of 23 cents from 39 cents previously.

Eka Tjipta Widjaja became a coconut and palm-oil trader at the age of 15 before building a multi-billion dollar empire.