Golden Agri-Resources (GAR)

In print this week

The palm oil complex

Consumers and investors in Europe want the palm oil industry to be sustainable. It comes with a cost that is likely to be paid by the oil’s biggest market — Asia. In this first of a two-parter on the industry, we look at the complexities of certificat

In print this week

As El Niño approaches, plantation stocks rally, but is there any value left for retail investors?

SINGAPORE (Apr 29); Before the welcome relief in the form of thunderstorms towards the end of April this year, the weather was hot and dry. Meteorologists appear to be forecasting more hot and dry weather for parts of the Indonesian archipelago in the com

Broker's Calls

Golden Agri kept at 'hold' as OCBC awaits CPO prices to close higher

SINGAPORE (Apr 10): OCBC Investment Research is maintaining Golden-Agri Resources (GAR) at “hold” given the stock has traded close to the +1 s.d. level over the past five years, while crude palm oil (CPO) prices are at the -1 s.d. level.

Broker's Calls

Golden Agri kept at 'sell' with 23 cents target after 4Q sinks deeper into the red

SINGAPORE (Mar 5): RHB Research is reiterating Golden Agri-Resources at “sell” with an unchanged target price of 23 cents after earnings reversed further into the red in 4Q18, with FY18 core net loss coming in significantly below expectations.

Golden Agri FY18 swings into net loss of US$2 mil on falling CPO prices

SINGAPORE (Feb 27): Golden Agri-Resources, the Indonesia based palm oil plantation with integrated operations for the production of edible oil and fat, swung back into profitability in 4Q18 with earnings of US$79.3 million from a loss of US$29.1 million a

Broker's Calls

Weak 3Q results keep Golden Agri at 'sell' at CGS-CIMB and UOB

SINGAPORE (Nov 14): Analysts are maintaining their downbeat forecast on Golden Agri-Resources following its 3Q18 results announcement last night, which largely came in below expectations.

Results

Golden Agri reverses into the red in 3Q and 9M on weaker palm oil prices

SINGAPORE (Nov 13): Golden Agri-Resources reversed into the red in 3Q18 and 9M18 ended Sept with losses of US$53.9 million ($74.6 million) and US$81.1 million respectively on weaker palm oil prices.

Broker's Calls

Could El Nino weather affect Golden Agri's overall supply?

SINGAPORE (Sept 26): There is a 50-55% chance of an El Nino onset of fall this year from Sept to Nov with the probability increasing to 65-70% during winter 2018-19, say weather forecasters.

Results

Golden Agri ends 2Q and 1H with net losses on lower yields and CPO prices

SINGAPORE (Aug 14): Golden Agri-Resources reported a net loss of US$39 million ($53.5 million) for the 2Q ended June compared with earnings of US$22 million a year ago even as revenue grew 6% to US$1.86 billion from a year ago.

In print this week

Buzzword? ESG is now the byword for sustainable investing

SINGAPORE (July 27): In 2012, local palm oil producers Wilmar International and Golden Agri-Resources experienced first-hand the importance of strong environmental, social and governance or ESG ratings. Norges Bank Investment Management, the asset managem
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