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Golden Agri kept at ‘hold’ despite long-term initiatives in place

Samantha Chiew
Samantha Chiew9/13/2017 4:26 PM GMT+08  • 2 min read
Golden Agri kept at ‘hold’ despite long-term initiatives in place
SINGAPORE (Sept 13): OCBC is maintaining its “hold” call on Golden Agri with an unchanged fair value of 36 cents given the research house expects few catalysts in the near term.
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SINGAPORE (Sept 13): OCBC is maintaining its “hold” call on Golden Agri with an unchanged fair value of 36 cents given the research house expects few catalysts in the near term.

This comes despite OCBC Research having upgraded its crude palm oil (CPO) outlook with the group’s long-term initiatives in place.

The Malaysian Palm Oil Board on Monday released data which showed an 8.8% m-o-m rise in Malaysia’s palm oil stocks, 0.9% decrease in palm oil production and 6.4% increase in exports.

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