rubber

The anticipated normalisation of earnings for the rubber products sector has begun, says analyst Sean Chew.

The group recorded sales revenue of RMB840 million ($171.7 million), 66% higher y-o-y.

SINGAPORE (May 8): Halcyon Agri Corporation sunk into a loss of US$5.7 million ($7.8 million) for the 1Q ended March as opposed to US$1.3 million in 1Q18 earnings, due to lower revenue and higher finance costs.

SINGAPORE (Dec 17): DBS Bank and Halcyon Agri Corporation on Monday announced a partnership to launch a digital marketplace for the trading of sustainably processed natural rubber.

SINGAPORE (Nov 12): Halcyon Agri Corporation reported earnings of US$1.7 million ($2.3 million) for the 3Q ended Sept, down 75.8% from restated 3Q17 earnings of $7.2 million due to lower margins and higher costs.  

SINGAPORE (Oct 11): Shares of Inch Kenneth Kajang Rubber will cease trading on the London Stock Exchange (LSE) with effect from Nov 6.

SINGAPORE (Nov 15): Both UOB Kay Hian and RHB are maintaining their “buy” calls on Golden Agri-Resources with target prices of 42 cents and 46 cents after its recent 3Q16 results.

SINGAPORE (Nov 14): Halcyon Agri reports a loss of US$12.1 million ($17.1 million) for 3Q on the back of persistent low rubber prices and reduced volumes from compliance with Agreed Export Tonnage Scheme.

This article first appeared in Issue 1131 (Oct 10) of The Edge Malaysia