Plantation

SINGAPORE (Nov 15): RHB is maintaining its “neutral” call on First Resources with a target price of $2.13, based on an unchanged FY18F P/E multiple of 13 times, in line with its five-year historical average. This implies an equity value per hectare (E

SINGAPORE (Oct 5): OCBC Investment Research is maintaining its “hold” rating on Golden-Agri Resources (GAR) with a lower fair value estimate of 35 cents given the group’s nearer-term outlook and lack of catalysts.

SINGAPORE (Aug 10): Agribusiness Wilmar International has swung back into the black with earnings of US$60.2 million ($82.1 million) for the 2Q17 ended June, compared to the US$220.1 million loss it posted in the same period a year ago.

SINGAPORE (May 15): Bumitama Agri reported 1Q earnings of IDR 278.4 billion ($29.3 million), 21.4% higher than the same quarter a year ago.

SINGAPORE (May 15): Golden Agri-Resources has posted earnings of US$37.5 million ($52.2 million) for the 1Q ended March 31, declining 60.1% from the US$94.1 million earnings announced in the preceding year.

SINGAPORE (May 12): Maybank Kim Eng Research is maintaining its “hold” recommendation on First Resources with an unchanged target price of $1.97 after the palm oil producer on Thursday reported a nine-fold increase in 1Q earnings US$48.5 million ($68.

SINGAPORE (Feb 24): Golden Agri-Resources announced earnings of US$46.3 million ($65 million) for the fourth quarter ended Dec 31, more than double its 4Q15 earnings of US$19.6 million on higher revenue and forex gains.

SINGAPORE (Feb 24): Bumitama Agri announced 4Q earnings of IDR 461.58 billion ($48.8 million), about 2.5 times of the IDR 184.67 billion a year ago on higher revenue.

PERTH/NEW DELPHI (Feb 22): In a climatic sweet spot running across the far northern Australian outback, 15 years of patience may be about to pay off for two of the world’s biggest growers of plantation sandalwood trees.

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.