Golden Agri-Resources (GAR)

SINGAPORE (May 14): Golden Agri-Resources (GAR) recorded 1Q19 earnings of US$18 million ($24.7 million), 55% higher than last year, mainly contributed from the gain on disposal of a subsidiary in Indonesia for US$11.5 million.

SINGAPORE (Apr 29): British supermarket chain Iceland fired up controversy last year when it pledged to say no to palm oil, with the view that the commodity was contributing to deforestation in Asia. The supermarket said that, by end-2018, all of its hous

Consumers and investors in Europe want the palm oil industry to be sustainable. It comes with a cost that is likely to be paid by the oil’s biggest market — Asia. In this first of a two-parter on the industry, we look at the complexities of certificat

SINGAPORE (Apr 29); Before the welcome relief in the form of thunderstorms towards the end of April this year, the weather was hot and dry. Meteorologists appear to be forecasting more hot and dry weather for parts of the Indonesian archipelago in the com

SINGAPORE (Apr 10): OCBC Investment Research is maintaining Golden-Agri Resources (GAR) at “hold” given the stock has traded close to the +1 s.d. level over the past five years, while crude palm oil (CPO) prices are at the -1 s.d. level.

SINGAPORE (Mar 5): RHB Research is reiterating Golden Agri-Resources at “sell” with an unchanged target price of 23 cents after earnings reversed further into the red in 4Q18, with FY18 core net loss coming in significantly below expectations.

SINGAPORE (Feb 27): Golden Agri-Resources, the Indonesia based palm oil plantation with integrated operations for the production of edible oil and fat, swung back into profitability in 4Q18 with earnings of US$79.3 million from a loss of US$29.1 million a

SINGAPORE (Nov 14): Analysts are maintaining their downbeat forecast on Golden Agri-Resources following its 3Q18 results announcement last night, which largely came in below expectations.

SINGAPORE (Nov 13): Golden Agri-Resources reversed into the red in 3Q18 and 9M18 ended Sept with losses of US$53.9 million ($74.6 million) and US$81.1 million respectively on weaker palm oil prices.

SINGAPORE (Sept 26): There is a 50-55% chance of an El Nino onset of fall this year from Sept to Nov with the probability increasing to 65-70% during winter 2018-19, say weather forecasters.