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Golden Agri-Resources
Broker's Calls
Will the US-China trade war crush these SGX-listed soybean crushers?
SINGAPORE (Apr 6): CIMB Research believes China’s plan to slap a 25% import tariff on soybean imports from the US amid an escalating tit-for-tat trade spat could be potentially negative for China-based soybean crushers Wilmar International and Golden Ag
April 06, 2018
Results
Golden Agri sinks into the red with 4Q loss of US$29.1 mil
SINGAPORE (Feb 27): Golden Agri-Resources has sunk into a 4Q17 loss of US$29.1 million ($38.3 million), compared its profit of US$46.3 million posted in the same period a year ago on lower revenue and share of joint ventures, forex losses as well as a one
February 27, 2018
M&A
Golden Agri's subsidiary sells Tianjin refinery to Louis Dreyfus' unit
SINGAPORE (Nov 27): LDC (China) Trading Company, a subsidiary of Louis Dreyfus Company Asia, is acquiring the entire equity stake of Sinarmas Natural Resources Foodstuff Technology (Tianjin) Co, says Golden Agri-Resources.
November 27, 2017
TES 800th Issue
10 stocks with the highest returns since The Edge Singapore first went to print
SINGAPORE (Oct 6): The 800th issue of The Edge Singapore this week features 10 companies with the highest returns since our first issue was published in March 2002.
October 06, 2017
How Singapore’s biggest listed F&B producers have sought to break the mould
SINGAPORE (Sept 4): Singapore is well-positioned to serve integrated networks in the F&B manufacturing and processing industry, in addition to enabling capital formation through its stock market, according to Singapore Exchange (SGX) market strategist Geo
September 04, 2017
Broker's Calls
Long-term outlook remains golden for this plantation stock with its latest breakthrough
SINGAPORE (June 20): OCBC is maintaining its “hold” recommendation on Golden Agri-Resources with a fair value estimate of 38 cents, as it sees few catalysts in the nearer-term and believes the stock is still sensitive to crude palm oil (CPO) price mov
June 20, 2017
Palm oil producers report better numbers, but improvements may not be sustainable
SINGAPORE (May 23): Palm oil counters have been among the standout performers in this quarter’s earnings season. All but one have reported stronger revenue and earnings growth in the quarter ended March, based on a list of six companies compiled by The
May 23, 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
Broker's Calls
Golden Agri has some catching up to do over the next few quarters
SINGAPORE (May 16): RHB is keeping its “neutral” call on Golden Agri with 39 cents target price as the research house expects earnings to catch up in the following quarters on the back of stronger downstream margins and falling feedstock prices.
May 16, 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