Golden Agri-Resources (GAR)

SINGAPORE (May 16): OCBC Investment Research is maintaining its “hold” call on Golden Agri-Resources (GAR) and lowering its fair value estimate to 34 cents, from 37 cents previously.

SINGAPORE (May 15): Golden Agri-Resources reported a 68% drop in 1Q18 earnings ended March to US$12 million from US$38 million a year ago.

SINGAPORE (Mar 8): OCBC is highlighting Wilmar International as its top “buy” pick at a fair value estimate of $3.51 for its lower likelihood of being impacted by India’s recent import tax hike on crude palm oil (CPO), given its diversified business

SINGAPORE (Nov 14): Golden Agri-Resources reported an 80% fall in 3Q earnings to US$43.7 million ($59.5 million) from US$219.7 million a year ago on the absence of recognition of deferred tax income on revaluation in the previous period.

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.