Golden Agri Resources (GAR)

Broker's Calls

Malaysia’s zero export duty tax bodes well for First Resources, Golden Agri; but not Bumitama: RHB

SINGAPORE (June 26): The reduction of Malaysia’s export duty on crude palm oil (CPO) to zero in June from 4.5% in May has a contrasting impact on several Singapore-listed and Indonesia-based palm o

Investing ideas

Wilmar's China consumer sales steady throughout lockdown

SINGAPORE (May 22): The Covid-19 outbreak caused some worries in the palm oil market.

Broker's Calls

926 Brokers' Digest

Dairy Farm International
Price targets:
US$4.70 UPGRADE BUY (DBS Group Holdings)
US$5.05 HOLD (HSBC Global Research)

Markets

Trump hints at end to trade war; Asian stocks gain appetite on global trade optimism

SINGAPORE (Sept 30): US President Donald Trump said on Sept 25 that a deal to end a 15-month trade war with China could happen sooner than people thought and that the Chinese were making big agricu

Broker's Calls

Plantations kept at 'market weight' by UOB with Wilmar and Bumitama top picks

SINGAPORE (May 29): UOB Kay Hian says 1Q19 was another weak quarter of earnings for plantation companies largely due to subdued palm and palm kernel oil prices.

Broker's Calls

RHB re-initiates coverage of Golden Agri with 'sell' on need for landbank rejuvenation

SINGAPORE (Jan 28): RHB Research is resuming coverage on Golden Agri Resources with a “sell” recommendation and a lower target price of 23 cents from 39 cents previously.

Indonesia palm oil tycoon who built $12.6 bil empire dies

SINGAPORE (Jan 27): Eka Tjipta Widjaja, who became a coconut and palm-oil trader at the age of 15 before building a multi-billion dollar empire with businesses spanning paper and pulp to financial

Broker's Calls

Golden Agri kept at 'reduce' on worries of ageing estates and replanting efforts

SINGAPORE (Feb 28): CIMB is keeping its "reduce" call on Golden Agri on worries its average 16-year-old estates may not be as fruitful as before.

Broker's Calls

Golden Agri-Resources kept on ‘hold’ as it awaits better 2H17 performance

SINGAPORE (Aug 15): UOB Kay Hian is maintaining its “hold” call on Golden Agri-Resources (GGR) with a target price of 34 cents as its 2Q17 and 1H17 core net profits were in line with the research h

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 recog

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