agriculture

SINGAPORE (Nov 16): Maybank Kim Eng is maintaining its “buy” call on Bumitama Agri with an unchanged target price of 95 cents on an unchanged FY17 PER multiple of 14 times, its four-year mean.

SINGAPORE (Nov 15): RHB is maintaining its “neutral” call on First Resources with a target price of $2.13, based on an unchanged FY18F P/E multiple of 13 times, in line with its five-year historical average. This implies an equity value per hectare (E

SINGAPORE (Oct 16): Trendlines Medical Singapore, a 76.43%-owned subsidiary of Catalist-listed Israeli company The Trendlines Group, has made its first investment by committing a total of US$60,000 ($81,150) to a medical device start-up, InterVaal.

SINGAPORE (Oct 5): OCBC Investment Research is maintaining its “hold” rating on Golden-Agri Resources (GAR) with a lower fair value estimate of 35 cents given the group’s nearer-term outlook and lack of catalysts.

This article appeared in Issue 782 (June 5) of The Edge Singapore

(May 23): Inside a gated compound patrolled by armed guards, hulking towers and concrete buildings loom over fields where Silva Muthemba once grew maize and fattened his cattle.

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 u

SINGAPORE (May 15): Golden Agri-Resources has posted earnings of US$37.5 million ($52.2 million) for the 1Q ended March 31, declining 60.1% from the US$94.1 million earnings announced in the preceding year.

SINGAPORE (May 12): Maybank Kim Eng Research is maintaining its “hold” recommendation on First Resources with an unchanged target price of $1.97 after the palm oil producer on Thursday reported a nine-fold increase in 1Q earnings US$48.5 million ($68.

SINGAPORE (April 11): DBS Vickers Securities is maintaining its forecasts for Wilmar International’s oilseed & grains pretax margin to average 1.9% this year from 1.4% in 2016. The research house is also keeping the counter at “hold” with a target p