Golden Agri-Resources

Results

Golden Agri-Resources swings back into profitability with 3Q earnings of US$220 mil

SINGAPORE (Nov 14): Golden Agri-Resources has swung back into the black with 3Q16 earnings of US$219.7 million ($311 million), on the back of higher crude palm oil (CPO) prices and deferred tax benefit.

Market Close

STI closes 0.2% lower at 2,807.14

SINGAPORE (Nov 2): The Singapore market closed 0.2% lower as global markets are spooked by a new poll showing Republican candidate Donald Trump leading the US presidential race.

Market Close

STI closes 0.01% higher at 2,828.94

SINGAPORE (Oct 27): Singapore stocks closed slightly higher on Thursday as investors remained cautious ahead of the busy third corporate earnings season.

Market Close

STI closes 0.1% lower at 2,854.05

SINGAPORE (Oct 25): The Singapore market ended slightly lower on Tuesday, as declines in oil and gas and marine-related stocks more than offset gains in plantation stocks amid surging crude palm oil prices.

Market Close

STI closes 0.5% higher at 2,830.63

SINGAPORE (Oct 18): Singapore stocks closed 0.48% higher, supported by gains in crude oil and palm oil prices.

Market Close

STI closes 0.14% lower at 2,805.52

SINGAPORE (Sept 25): Singapore stocks closed lower on Thursday, falling for the fourth consecutive session amid increased volatility in the global markets this week.

Market Close

STI closes 0.3% higher at 2,844.02

SINGAPORE (Aug 19): The Straits Times Index ended 0.3% higher at 2,844.02, driven mostly by a recovery in offshore marine companies, with improving oil markets helping support them. Sembcorp Marine, for example, ended 1.5% higher.

Market Close

STI closes 0.2% lower at 2,836.98

SINGAPORE (Aug 19): The Straits Times Index loses 0.2% to close at 2,836.98 on Thursday, underperforming Southeast Asia but trending broadly with other Asian markets, following minutes overnight from the US Federal Reserve.

Market Close

STI closes 0.3% lower at 2,834.35

SINGAPORE (Aug 17): The Straits Times Index on Wednesday closed 0.5% to 2,843.35, with losses in stocks on and off the benchmark mostly in sectors vulnerable to global trends like commodities and offshore marine.

Broker's Calls

Golden Agri in recovery mode

SINGAPORE (Aug 15): UOB Kay Hian and RHB are maintaining their “buy” recommendation for Golden Agri-Resources (GAR) with target prices of 42 cents and 44 cents respectively even after GAR’s 2Q results were boosted by a one-off gain.
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