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Company in the news
Golden Agri-Resources replaces Keppel REIT in STI reserve list
The changes from the latest review will take effect at the start of business on Dec 18.
November 30, 2023
Results
Golden Agri 3QFY2023 earning down 25% y-o-y with palm oil prices dampened
Net profit was down to US$68 million for the period as tge decline in crude palm oil prices that impacted its plantation business.
November 14, 2023
Results
Golden Agri-Resources reports 2HFY2022 earnings of US$392.4 mil, 21.5% higher y-o-y
A final dividend of 0.991 cents per share has been proposed for the period.
February 28, 2023
Results
Golden Agri-Resources posts record ebitda of US$1.34 bil for 9M2022, up 62% y-o-y
The company cited higher palm oil prices partly offset by lower sales volume.
November 14, 2022
Results
Golden Agri's 1HFY2022 earnings surge 154% to US$390 mil on the back of higher CPO prices
GAR’s revenue rose 23.3% to US$5.5 billion compared to US$4.45 billion recorded in 1HFY2021.
August 12, 2022
Broker's Calls
RHB maintains 'neutral' on Golden Agri on the back of decent earnings and fair valuation
RHB has maintained their 'neutral' call on Golden Agri, raising their target price to 31.5 cents from 26 cents previously.
March 03, 2022
Global Economy
Briefs: IMF chief says more vaccinations can help tame inflation; Blockchain Association Singapore partners AntChain
"Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers.": Musk
November 03, 2021
Palm oil
Golden Agri-Resources' industry-leading ESG score hides razed forests in Africa
GAR acknowledged in February that its Golden Veroleum Liberia (GVL) unit hadn’t done enough to compensate local residents.
September 17, 2021
Broker's Calls
CGS-CIMB upgrades Golden Agri-Resources to 'hold', RHB maintains 'neutral' on the back of higher CPO prices
Firm CPO prices is expected to support Golden Agri’s 2H21 upstream earnings, amid weaker downstream profit.
August 17, 2021
Results
Higher palm oil prices lift Golden Agri-Resources' 1HFY2021 earnings to US$153 million
Demand is seen to grow while supply remains tight
August 13, 2021