Welcome!
Golden Agri-Resources
Results
Golden Agri-Resources reports 3QFY21 earnings of US$115 million on higher selling prices and volume
"Industry prospects continue to be positive".
November 12, 2021
Sustainability
Biggest global agricultural commodity companies including Wilmar, Olam International commit to sustainability roadmap
The companies issued a joint statement at COP26 pledging to lay out a shared roadmap consistent with a 1.5°C pathway by COP27.
November 02, 2021
Broker's Calls
Broker's Digest: UMS Holdings, Thai Beverage, Wilmar International, ST Engineering, Golden Agri-Resources
See the analysts' recommendations and target prices here.
August 19, 2021
Broker's Calls
CGS-CIMB upgrades Golden Agri-Resources to 'hold', RHB maintains 'neutral' on the back of higher CPO prices
Firm CPO prices is expected to support Golden Agri’s 2H21 upstream earnings, amid weaker downstream profit.
August 17, 2021
IPO
Golden Agri-Resources moots share sale worth US$100 mil via India subsidiary's IPO
GAR paid US$17.88 mil for its controlling stake in GEF back in 2014
August 08, 2021
Broker's Calls
RHB favours First Resources despite sector wide ESG concerns
Shares of palm oil companies have “retreated even further” despite CPO prices having breached the RM4,000 level lately, says RHB.
August 02, 2021
Broker's Calls
RHB keeps 'trading buy', TP 30 cents for Golden Agri after weaker-than-expected 1Q results
RHB still expects Golden Agri to post a strong earnings recovery in FY2021.
May 18, 2021
Results
Golden Agri-Resources reports 1QFY21 earnings of US$41 mil, versus losses of US$95 mil last year
The company expects supply to remain tight till end of the year but demand to hold up
May 12, 2021
Broker's Calls
RHB ups Golden Agri TP to 30 cents on widening tax differential advantage
The export levy and tax on CPO in May is at US$399.00 a tonne, while that for refined palm oil is at US$232.50 a tonne, says RHB.
May 04, 2021
Broker's Calls
Will Golden Agri continue to outperform amid strong CPO prices, new export levy?
Most analysts are now turning positive on the palm oil player after its unexpected positive results for FY2020 ended Dec 31.
March 04, 2021