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Golden Agri-Resources
Broker's Calls
Palm oil price has room to recover in 2023; Indonesia’s policies to continue playing a big role
The limited room for output expansion will prevent major price reversal.
January 12, 2023
Broker's Calls
CPO prices to remain relatively range bound in 2023 amid balanced supply improvements and rise in demand: RHB
Hoe continues to favour integrated players like Wilmar while also seeing value in players such as Bumitama Agri and Golden Agri.
December 15, 2022
Broker's Calls
RHB upgrades Golden Agri-Resources to 'buy' with higher TP of 33 cents
Golden Agri’s 9MFY2022 core net profit of US$683 million exceeded expectations at 103% of the analysts’ full-year forecasts
November 15, 2022
Results
Golden Agri-Resources posts record ebitda of US$1.34 bil for 9M2022, up 62% y-o-y
The company cited higher palm oil prices partly offset by lower sales volume.
November 14, 2022
Broker's Calls
RHB raises Golden Agri earnings estimates on lower unit costs and higher downstream contributions
RHB have kept their “neutral” call on Golden Agri with a slightly higher target price of 30 cents from 29 cents previously.
August 17, 2022
Results
Golden Agri's 1HFY2022 earnings surge 154% to US$390 mil on the back of higher CPO prices
GAR’s revenue rose 23.3% to US$5.5 billion compared to US$4.45 billion recorded in 1HFY2021.
August 12, 2022
Broker's Calls
RHB revises down CPO price assumptions, lowers target prices of planters under coverage
Given expectations of volatile CPO prices, RHB is favouring Wilmar due to its integrated and diversified business model.
August 12, 2022
Broker's Calls
Indonesia's B35 mandate may not effectively lower stocks in the near term: CGS-CIMB
The B35 policy, effective on July 20, is aimed at reducing palm oil inventories in Indonesia.
July 12, 2022
Broker's Calls
Analysts mixed on Golden Agri; CGS-CIMB downgrades to 'hold' due to policy concerns
Analysts are mixed on Golden Agri on the ongoing Indonesia palm oil export ban and the possibility of CPO trending lower.
May 18, 2022
