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crude palm oil (CPO)
Commodities
Asean's agribusiness kept at 'neutral' by CIMB given CPO price may not be sustainable
SINGAPORE (Oct 11): CIMB is maintaining its “neutral” rating on the Asean agribusiness as the current CPO price may not be sustainable in 4Q17.
October 11, 2017
Broker's Calls
Golden Agri headed in the right direction with sustainability leadership: OCBC
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.
October 05, 2017
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 recognition of deferred income tax assets.
August 14, 2017
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 u
May 22, 2017
Results
Bumitama 1Q earnings rise 21.4% to $29.3 mil on higher revenue
SINGAPORE (May 15): Bumitama Agri reported 1Q earnings of IDR 278.4 billion ($29.3 million), 21.4% higher than the same quarter a year ago.
May 15, 2017
Results
Golden Agri’s 1Q earnings fall 60.1% to $52.2 mil on higher expenses and forex loss
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.
May 15, 2017
Broker's Calls
Was First Resources’ phenomenal 1Q performance just a one-time hit?
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.
May 12, 2017
Broker's Calls
Strong quarter and estates’ young age profiles keep First Resources attractive
SINGAPORE (Feb 28): CIMB Research is maintaining its “add” recommendation on First Resources at an unchanged target price of $2.32 following the release of its financial statement 4Q16/FY16, where final core earnings were above the research house’s
February 28, 2017
Results
Golden Agri-Resources sees 4Q earnings double to $65 mil on higher revenue & forex gains
SINGAPORE (Feb 24): Golden Agri-Resources announced earnings of US$46.3 million ($65 million) for the fourth quarter ended Dec 31, more than double its 4Q15 earnings of US$19.6 million on higher revenue and forex gains.
February 24, 2017
Results
Bumitama Agri’s 4Q earnings more than double to $48.8 mil
SINGAPORE (Feb 24): Bumitama Agri announced 4Q earnings of IDR 461.58 billion ($48.8 million), about 2.5 times of the IDR 184.67 billion a year ago on higher revenue.
February 24, 2017