Golden Agri-Resources

The 6 biggest SGX-listed agriculture stocks are beating global benchmarks

SINGAPORE (Sept 4): Six of the biggest agriculture-focused stocks listed on the Singapore Exchange (SGX) are beating global agriculture benchmarks so far this year, according to data from Bloomberg and SGX.

Wilmar International, Olam International, Golden Agri-Resources, First Resources, Japfa and Bumitama Agri each have a market capitalisation above $1 billion. As of Aug 27, they have a combined market capitalisation of $35.8 billion.

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5 SGX-listed companies among Asean leaders in anti-corruption disclosure

SINGAPORE (Aug 27): Five Singapore-listed companies – Golden Agri-Resources, Sembcorp Industries, SIA Engineering Company, Singapore Airlines, and Singapore Telecommunications – have been named among the top 11 companies across Asean with the highest level of corporate disclosure on business integrity.

This is according to a joint study published Monday by the ASEAN CSR Network (ACN) and the National University of Singapore (NUS) Business School’s Centre for Governance, Institutions and Organisations (CGIO).

Will the US-China trade war crush these SGX-listed soybean crushers?

SINGAPORE (Apr 6): CIMB Research believes China’s plan to slap a 25% import tariff on soybean imports from the US amid an escalating tit-for-tat trade spat could be potentially negative for China-based soybean crushers Wilmar International and Golden Agri-Resources.

See: Trade tensions escalate as Trump proposes US$100 bil in new China Tariffs

Golden Agri sinks into the red with 4Q loss of US$29.1 mil

SINGAPORE (Feb 27): Golden Agri-Resources has sunk into a 4Q17 loss of US$29.1 million ($38.3 million), compared its profit of US$46.3 million posted in the same period a year ago on lower revenue and share of joint ventures, forex losses as well as a one-off impairment loss.

Revenue for the quarter fell 10% to US$1.9 billion from US$2.1 billion in 4Q16.

A US$1.5 million loss from share of results of joint ventures was also registered compared to US$0.6 mil in profit a year ago due to losses from a joint venture that began commercial operations in 4Q17.

Golden Agri's subsidiary sells Tianjin refinery to Louis Dreyfus' unit

SINGAPORE (Nov 27): LDC (China) Trading Company, a subsidiary of Louis Dreyfus Company Asia, is acquiring the entire equity stake of Sinarmas Natural Resources Foodstuff Technology (Tianjin) Co, says Golden Agri-Resources.

Sinarmas Natural Resources Foodstuff Technology (Tianjin) Co. is a subsidiary of Sinarmas Natural Resources (China) Investment Co. which, in turn, is a wholly-owned subsidiary of Golden Agri.

10 stocks with the highest returns since The Edge Singapore first went to print

SINGAPORE (Oct 6): The 800th issue of The Edge Singapore this week features 10 companies with the highest returns since our first issue was published in March 2002.

Nine of them were controlled by entrepreneurs and business families who were willing to take risks, but not overtly pushing for growth.

The exception was vehicle inspection service provider Vicom, a subsidiary of land transport giant ComfortDelGro Corp, whose largest shareholders are institutional investors.

How Singapore’s biggest listed F&B producers have sought to break the mould

SINGAPORE (Sept 4): Singapore is well-positioned to serve integrated networks in the F&B manufacturing and processing industry, in addition to enabling capital formation through its stock market, according to Singapore Exchange (SGX) market strategist Geoff Howie.

In the Aug 30 issue of SGX My Gateway, Howie notes that the largest 10 capitalised stocks listed on the SGX that represent industries linked to F&B production have held steady in 2H17 by averaging a marginal decline of just 0.1% in the close of Aug 29, following an average 5.4% decline in 1H17.

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Long-term outlook remains golden for this plantation stock with its latest breakthrough

SINGAPORE (June 20): OCBC is maintaining its “hold” recommendation on Golden Agri-Resources with a fair value estimate of 38 cents, as it sees few catalysts in the nearer-term and believes the stock is still sensitive to crude palm oil (CPO) price movements.

In a Tuesday report, lead analyst Jodie Foo notes how palm oil futures have declined about 5% over the past month.

Palm oil producers report better numbers, but improvements may not be sustainable

SINGAPORE (May 23): Palm oil counters have been among the standout performers in this quarter’s earnings season. All but one have reported stronger revenue and earnings growth in the quarter ended March, based on a list of six companies compiled by The Edge Singapore as at May 17. The exception was Golden Agri-Resources, which posted a 60.1% decline in earnings to US$37.6 million ($52.2 million) on higher expenses and foreign exchange losses. Nevertheless, its revenue improved 37% to US$2.1 billion from US$1.5 billion a year ago.

Golden Agri-Resources announces new planting material to increase CPO yields to ‘highest in industry’

SINGAPORE (May 22): Golden Agri-Resources says its subsidiary, PT SMART Tbk, has developed two planting materials – Eka 1 and Eka 2 – which will “increase crude palm oil (CPO) yields to the highest levels in the industry” without increasing land under cultivation.

The two clones of high-yielding oil palm planting material have been registered in Indonesia’s Catalogue of Seeds, and were approved for use by the Ministry of Agriculture this year on April 21.

They were developed naturally through conventional selection programme and tissue culture from elite palms.

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