palm oil

SINGAPORE (Nov 15): Both UOB Kay Hian and RHB are maintaining their “buy” calls on Golden Agri-Resources with target prices of 42 cents and 46 cents after its recent 3Q16 results.

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.

SINGAPORE (Oct 28): Mewah International has acquired a 95% stake in PT Angso Duo Sawit, an Indonesia-based palm oil company, for IDR 136.5 billion ($14.6 million).

SINGAPORE (July 25): Emerging signs of La Niña — the cool, wet weather phase that brings plenty of rain to Southeast Asia — could spell relief for oil palm planters.

SINGAPORE (July 13): Maybank Kim Eng is maintaining its “neutral” call on the plantations sector, given weak demand for crude palm oil (CPO) from major importing companies have placed a dampener on prices.

SINGAPORE (July 13): DBS Group Research has zeroed in on Wilmar International as its top plantation pick with a “buy” recommendation and a target price of $3.76.

JOHANNESBURG (July 6): Gabon and Olam International are trying to persuade young people to take up farming in a nation that faces dwindling crude revenue and imports almost all of its food.

KUALA LUMPUR (May 16): Malaysia's Felda Global Ventures Berhad, the world's third largest palm plantations operator, said its palm oil output would likely drop 17% this year as dry conditions from the El Nino weather pattern hit crops.