This will likely be after the company revamps its landbank via aggressive replanting and cost management.
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.
While RHB expects 2019 to be a better year after an extremely weak 2018, the house expects earnings to take some time to recover to its previous base of more than US$200 million.
