palm oil

Aletheia Capital upgrades Wilmar to 'buy' from 'sell' on higher margins and Adani JV acquisition - THE EDGE SINGAPORE

Broker's Calls

Aletheia Capital upgrades Wilmar to 'buy' from 'sell' on higher margins and Adani JV acquisition

The company's indicated dividend yield of 5.5% is at a record high
DBS keeps 'buy' on First Resources on firmer prices and better margins - THE EDGE SINGAPORE

Broker's Calls

DBS keeps 'buy' on First Resources on firmer prices and better margins

First Resources enjoys a 'favourable' age profile for its trees.

Broker's Calls

OCBC keeps 'hold' on Bumitama Agri but with a higher fair value of 91.5 cents

With a forward yield of more than 6%, Bumitama Agri is shaping up to be a dividend play
Analysts trim target prices on Wilmar following lower-than-expected 3QFY2024 - THE EDGE SINGAPORE

Broker's Calls

Analysts trim target prices on Wilmar following lower-than-expected 3QFY2024

Fequent share buybacks by Wilmar’s chairman and CEO, Kuok Khoon Hong has demonstrated the management's confidence in the company
Golden-Agri Resources reports 1QFY2024 earnings of US$37 mil, down 60% y-o-y - THE EDGE SINGAPORE

Results

Golden-Agri Resources reports 1QFY2024 earnings of US$37 mil, down 60% y-o-y

Supply constraints will gradually ease in the coming quarters

Broker's Calls

OCBC raises fair value for Bumitama Agri to 78.5 cents on well-supported palm oil prices

Bumitama, with a consensus yield estimate of 6%, is increasingly seen as a yield play as well
UOB Kay Hian cuts Wilmar's target price following alleged alleged palm oil case in China - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian cuts Wilmar's target price following alleged palm oil case in China

UOB Kay Hian has kept its FY2023 earnings estimate but a lower valuation multiple has been applied

Company in the news

Wilmar unit denies involvement in alleged China palm oil fraud

Yihai Kerry Arawana Holdings is a leading food processor in China

Commodities

Watch out for Godzilla El Niño

Like Godzilla, El Niño can cause immense destruction
Bumitama Agri’s 1QFY2023 results within expectations, RHB trims TP to 60 cents - THE EDGE SINGAPORE

Broker's Calls

Bumitama Agri’s 1QFY2023 results within expectations, RHB trims TP to 60 cents

Bumitama Agri may deliver better earnings in 2HFY2023 compared to 1HFY2023.
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