plantations

DBS keeps Wilmar at 'buy', shrugs off potential balance sheet and earnings impact from Adani joint venture - THE EDGE SINGAPORE

Broker's Calls

DBS keeps Wilmar at 'buy', shrugs off potential balance sheet and earnings impact from Adani joint venture

"Wilmar will be able to maintain its earnings performance amid commodity price volatility"
Plantation sector to face downside CPO price risk in 2Q21; Wilmar among top picks: RHB - THE EDGE SINGAPORE

Broker's Calls

Plantation sector to face downside CPO price risk in 2Q21; Wilmar among top picks: RHB

RHB believes CPO prices have already peaked at above RM4,000/tonne and the risk is now on the downside.

Broker's Calls

RHB remains cautious of the plantation sector but names Wilmar a counter to look out for

The locust attacks could possibly decimate crops and livelihoods there, observe RHB analysts Hoe Lee Leng, Christopher Benas and Juliana Cai.

Malaysia

Shedding light on IOI Corp's five-year plan

Two years after concluding the sale of a 70% stake in Loders Croklaan Group BV to Bunge, IOI Corp has yet to make a substantial acquisition with the proceeds that were earmarked for future investments.

Plantations

Sector stocks stage a comeback; brighter days ahead as palm oil prices pick up

SINGAPORE (Dec 20): The palm oil industry this past year endured its fair share of turbulent times on the back of weak commodity prices, bad weather and dry spells in key markets such as Indonesia. The industry also faced headwinds from unfavourable new r

Palm oil

Indonesia finds one-fifth of palm oil plantations are illegal

(Oct 11): Indonesia is trying to clamp down on illegal palm oil plantations by first identifying the perpetrators.

Broker's Calls

Brokers slash estimates for Bumitama after 1Q disappointment, but say production remains strong

SINGAPORE (May 17): DBS Vickers Securities and UOB Kay Hian are maintaining their “buy” recommendations on Bumitama Agri Limited (BAL) with the respective price targets of 69 cents and 81 cents, even as the palm oil producer missed both research house

Sector Focus

Olam announces third palm plantation to achieve RSPO certification

SINGAPORE (May 2): Olam International says its Mouila Lot 3 palm plantation in Gabon has become Roundtable on Sustainable Palm Oil (RSPO) certified.

Broker's Calls

Bumitama Agri unanimously rated 'buy' for potential undervaluation, bright outlook

SINGAPORE (Nov 13): Maybank Kim Eng, DBS Vickers Securities, RHB Research and UOB Kay Hian are maintaining their “buy” calls on Bumitama Agri with the respective price targets of 98 cents, 85 cents, 81 cents and 80 cents.

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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