Golden Agri-Resources

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Firm CPO prices is expected to support Golden Agri’s 2H21 upstream earnings, amid weaker downstream profit.

GAR paid US$17.88 mil for its controlling stake in GEF back in 2014

Shares of palm oil companies have “retreated even further” despite CPO prices having breached the RM4,000 level lately, says RHB.

RHB still expects Golden Agri to post a strong earnings recovery in FY2021.

The company expects supply to remain tight till end of the year but demand to hold up

The export levy and tax on CPO in May is at US$399.00 a tonne, while that for refined palm oil is at US$232.50 a tonne, says RHB.

Most analysts are now turning positive on the palm oil player after its unexpected positive results for FY2020 ended Dec 31.

SINGAPORE (Sept 4): Six of the biggest agriculture-focused stocks listed on the Singapore Exchange (SGX) are beating global agriculture benchmarks so far this year, according to data from Bloomberg and SGX.

SINGAPORE (Aug 27): Five Singapore-listed companies – Golden Agri-Resources, Sembcorp Industries, SIA Engineering Company, Singapore Airlines, and Singapore Telecommunications – have been named among the top 11 companies across Asean with the highest