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Golden Agri-Resources (GAR)
Results
Golden Agri ends 2Q and 1H with net losses on lower yields and CPO prices
SINGAPORE (Aug 14): Golden Agri-Resources reported a net loss of US$39 million ($53.5 million) for the 2Q ended June compared with earnings of US$22 million a year ago even as revenue grew 6% to US$1.86 billion from a year ago.
August 14, 2018
In print this week
Buzzword? ESG is now the byword for sustainable investing
SINGAPORE (July 27): In 2012, local palm oil producers Wilmar International and Golden Agri-Resources experienced first-hand the importance of strong environmental, social and governance or ESG ratings. Norges Bank Investment Management, the asset managem
July 27, 2018
Broker's Calls
Golden Agri-Resources still under the weather: OCBC
SINGAPORE (May 16): OCBC Investment Research is maintaining its “hold” call on Golden Agri-Resources (GAR) and lowering its fair value estimate to 34 cents, from 37 cents previously.
May 16, 2018
Results
Golden Agri-Resources reports 68% fall in 1Q earnings to US$12 mil on lower palm production and CPO prices
SINGAPORE (May 15): Golden Agri-Resources reported a 68% drop in 1Q18 earnings ended March to US$12 million from US$38 million a year ago.
May 15, 2018
Broker's Calls
Why Wilmar is likely to weather the season of lacklustre CPO prices: OCBC
SINGAPORE (Mar 8): OCBC is highlighting Wilmar International as its top “buy” pick at a fair value estimate of $3.51 for its lower likelihood of being impacted by India’s recent import tax hike on crude palm oil (CPO), given its diversified business
March 08, 2018
Results
Golden Agri-Resources sees 80% fall in 3Q earnings to $59.5 mil on absence of one-offs
SINGAPORE (Nov 14): Golden Agri-Resources reported an 80% fall in 3Q earnings to US$43.7 million ($59.5 million) from US$219.7 million a year ago on the absence of recognition of deferred tax income on revaluation in the previous period.
November 14, 2017
Broker's Calls
Golden Agri headed in the right direction with sustainability leadership: OCBC
SINGAPORE (Oct 5): OCBC Investment Research is maintaining its “hold” rating on Golden-Agri Resources (GAR) with a lower fair value estimate of 35 cents given the group’s nearer-term outlook and lack of catalysts.
October 05, 2017