Golden Agri-Resources

Results

Golden Agri’s 2Q results hurt by El Nino; company expects better 2H

SINGAPORE (Aug 12): Weak crude palm oil prices and production output continue to weigh on planter Golden Agri-Resources.

Broker's Calls

Golden Agri kept on ‘hold’ by OCBC with unchanged 34-cent target

SINGAPORE (May 17): OCBC Investment Research is maintaining its “hold” call on Golden Agri-Resources with an unchanged target price of 34 cents, despite the palm oil plantation company making a “slow start to FY16”.

Broker's Calls

Golden Agri’s target cut to 35 cents by DBS in unrated report

SINGAPORE (May 16): DBS Vickers Securities is lowering the target price of Golden Agri-Resources to 35 cents from 38 cents previously after cutting its FY16 and 17 forecast earnings by 5% and 25% respectively.
Golden Agri-Resources

Golden Agri swings back to profitability with 1Q earnings of US$94 mil

SINGAPORE (May 13): Golden Agri-Resources brushed aside softer average crude palm oil prices and lower output from El Nino-hit plantations to post 1Q16 earnings of US$94 million ($128.9 million), reversing from losses of US$3 million in 1Q15.
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