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palm oil
Stocks To Watch
First Resources: Seeking prosperity in palm oil
There is consensus among analysts that First Resources will be a top pick going into the Year of the Ox.
February 10, 2021
Results
Bumitama Agri reports 48.8% increase in 9M earnings of $59.9 mil
Gross profit margin was up 18.2 percentage points y-o-y to 25.3%.
November 10, 2020
Results
Mewah International's 1H earnings surge to US$27.8 mil on higher margins
Mewah International sees significant surge in 1H earnings
August 14, 2020
Palm oil
US$1.4 bil of Malaysian palm oil caught in crossfire as Mahathir angers India
Tensions between the two countries began in September when Mahathir told the United Nations that India “invaded and occupied” Kashmir and later criticized India’s citizenship amendment act.
January 22, 2020
Palm oil
Indonesia files WTO lawsuit against EU over palm oil limits
(Dec 16): Indonesia has taken legal action against the European Union over stricter limits on how palm oil can be used in green fuels, marking a further deepening in trade tensions.
December 16, 2019
Investing ideas
3 top plantation picks to harvest as palm oil stages rebound: DBS
SINGAPORE (Dec 10): The storm looks to have blown over for palm oil players.
December 10, 2019
Results
Golden Agri narrows 9M losses by 43.8% to $62.1 mil
SINGAPORE (Nov 14): Golden Agri-Resources has managed to narrow its losses in 9M19 to US$45.6 million ($62.1 million), from US$81.1 million in 9M18.
November 14, 2019
Corporate moves
GCCP Resources in $220.3 million Indonesian palm oil RTO deal
SINGAPORE (Oct 11): GCCP Resources, a Malaysian calcium carbonate quarry company, is buying an Indonesian palm oil company PT Arjuna Utama Sawit in a reverse takeover deal worth $220.3 million.
October 11, 2019
Broker's Calls
Indonesian agri businesses get a boost as government keeps zero palm oil export levy
SINGAPORE (Sept 25): Indonesian planters have gotten a reprieve, as the government on Tuesday announced that it will not be collecting palm oil levies for the rest of this year.
September 25, 2019
Investing ideas
1H for Bumitama Agri was a huge miss; will 2H be better?
SINGAPORE (Aug 27): Shares in Bumitama Agri are currently trading at an all-time low at 58 cents. Year to date, the stock has fallen 14.9%.
August 27, 2019