Golden-Agri Resources (GAR)

RHB Bank Singapore has kept “buy” on Golden Agri-Resources citing the group's estimates as "largely-in-line". Photo: Bloomberg

No dividend was reported for the period.

The resulting fair value of the financial asset is still “well above” its investment cost, says GAR.

See what the analysts have to say this week.

The robust performance was mainly attributable to the continued appreciation of CPO market prices, says the group.

GAR also announced the initiation of its share buyback programme, allocating up to US$100 million in 2022.

The group has proposed a final dividend of 0.48 cents per share for the FY2020 payable on May 18.

"Supply for the rest of the year is expected to remain tight even as we move into the high production season... We expect CPO price to maintain its healthy level, although there may always be periods of volatility," says chairman and CEO Franky Widjaja.

SINGAPORE (Dec 5): Mapletree Logistics Trust (MLT) will be added as a constituent of the benchmark Straits Times Index (STI) – replacing Golden Agri-Resources (GAR) – in the only change following a December quarterly review, FTSE Russell announced on