palm oil

Seeking prosperity in palm oil - THE EDGE SINGAPORE

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.
Bumitama Agri reports 48.8% increase in 9M earnings of $59.9 mil - THE EDGE SINGAPORE

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%.

Results

Mewah International's 1H earnings surge to US$27.8 mil on higher margins

Mewah International sees significant surge in 1H earnings

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.

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.

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.

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.

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.

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.

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%.
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