Golden Agri

SINGAPORE (Dec 20): DBS Vickers Securities has upgraded its view on the plantation sector to “neutral” on improving fundamentals, as well as expectations of yield recovery and steady prices to boost the earnings of plantation companies in FY17F.

SINGAPORE (Aug 8): RHB is maintaining its “neutral” rating on Indonesian oil-palm plantation Bumitama Agri, with a revised target price of 75 cents.

SINGAPORE (May 17): OCBC Investment Research is maintaining its “hold” call on Golden Agri-Resources with an unchanged target price of 34 cents, despite the palm oil plantation company making a “slow start to FY16”.

SINGAPORE (May 13): Golden Agri-Resources brushed aside softer average crude palm oil prices and lower output from El Nino-hit plantations to post 1Q16 earnings of US$94 million ($128.9 million), reversing from losses of US$3 million in 1Q15.