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Broker's Calls
First Resources’ bidding price for assets in Riau reasonable: analysts
The analysts do not expect to see any earnings contribution from the acquired assets in the next three years.
January 09, 2024
Broker's Calls
CPO prices to move up once the impact of El Nino starts to affect productivity: RHB
Higher CPO prices in 2024 will mean that the purer planters would be looked upon more positively than the integrated players.
October 06, 2023
Broker's Calls
DBS keeps 'buy' on Bumitama Agri and First Resources amid CPO price recovery
Global palm oil price recovery in 2H2023 and 2024 will be supported by decent soybean oil price outlook.
July 14, 2023
Broker's Calls
RHB to revise 2024 CPO price assumption amid El Niño worries
Demand should come back more significantly in the short term, the analysts highlight.
July 11, 2023
Broker's Calls
Plantation sector earnings to decline further in 2QFY2023, analysts maintain 'neutral'
Earnings should be lifted in 2HFY2023 as productivity improves and costs moderate.
June 13, 2023
Broker's Calls
Golden Agri's 1QFY2023 earnings 'decent', RHB maintains 'buy' with lower TP of 31 cents
The analysts have pared down their FY2023-FY2025 earnings estimates by 10%-13%.
May 18, 2023
Broker's Calls
'Buy' Wilmar and Golden Agri on better performance in lower CPO price environment: RHB
RHB expects a q-o-q decline in sector earnings in 1QFY2023 due to lower CPO ASPs and lower production in the off-peak season.
March 13, 2023
Broker's Calls
Cautious on higher unit costs and lower downstream margins, analysts trim First Resources' TPs
UOBKH analysts have downgraded First Resources to “hold”, expecting 2023 earnings to be lower y-o-y.
March 03, 2023
Broker's Calls
Analysts lower TPs for Bumitama Agri following disappointing end to the year
Earnings going forward will be boosted by inventory drawdowns in 1QFY2023, but higher unit costs and lower ASP could offset this.
March 03, 2023
Broker's Calls
Palm oil price has room to recover in 2023; Indonesia’s policies to continue playing a big role
The limited room for output expansion will prevent major price reversal.
January 12, 2023