Golden Agri Resources (GAR)

Broker's Calls

Golden Agri kept at 'reduce' on worries of ageing estates and replanting efforts

SINGAPORE (Feb 28): CIMB is keeping its "reduce" call on Golden Agri on worries its average 16-year-old estates may not be as fruitful as before.

Broker's Calls

Golden Agri-Resources kept on ‘hold’ as it awaits better 2H17 performance

SINGAPORE (Aug 15): UOB Kay Hian is maintaining its “hold” call on Golden Agri-Resources (GGR) with a target price of 34 cents as its 2Q17 and 1H17 core net profits were in line with the research house’s forecast.

Results

Golden Agri posts 56% decline in 1H earnings to US$59 mil

SINGAPORE (Aug 14): Golden Agri-Resources (GAR) has announced earnings of US$59.4 million ($80.9 million) for the 1H17 ended June, down 55.5% from US$133.6 million reported in 1H16 due to the recognition of deferred income tax assets.
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