Golden Agri-Resources (GAR)

Firm CPO prices is expected to support Golden Agri’s 2H21 upstream earnings, amid weaker downstream profit.

Demand is seen to grow while supply remains tight

GAR Brazil is backed by experienced professionals, with a business focus on containerised white sugar.

Revenue edged up 2% to US$1.66 billion due to higher average selling prices.

Golden Agri-Resources (GAR) and Bumitama Agri (BAL) are getting their forecasts slashed on the back of lower crude palm oil (CPO) price assumptions.

Golden Agri recorded a core net profit of US$21.6 million for 4QFY2019 – reversing from six straight quarters of core net losses.

SINGAPORE (Nov 14): Golden Agri-Resources has managed to narrow its losses in 9M19 to US$45.6 million ($62.1 million), from US$81.1 million in 9M18.

SINGAPORE (Aug 27): Minister for the Environment and Water Resources Masagos Zulkifli says Singapore must work together to help mitigate climate change, even as the country explores solutions to adapt to "a new normal".

SINGAPORE (Aug 15): Golden Agri-Resources (GAR) sank deeper into the red with a net loss of US$46.4 million ($64.4 million) for the 1H19 ended June, widening from a net loss of US$27.2 million a year ago.

SINGAPORE (May 28): Golden Agri-Resources (GAR) might have seen its share price fall close to 20% since mid-April, but OCBC Investment Research analyst Low Pei Han believes that it is “still not compelling”.