crude palm oil

Despite a 11-year high revenue, net profit for FY2021 dropped by 7.4%.

RHB still expects Golden Agri to post a strong earnings recovery in FY2021.

SINGAPORE (Sept 13): OCBC is maintaining its “hold” call on Golden Agri with an unchanged fair value of 36 cents given the research house expects few catalysts in the near term.

The rally in palm oil prices has lifted investor sentiment in major locally listed planters. Analysts warn, however, that the days of sheer volume-driven growth are gone. How do palm oil companies ensure the stability of their earnings?

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 (Sept 15): UOB Kay Hian is maintaining its “buy” call on First Resources and its target price of $2, even as with the palm oil grower’s share price rising 19% from recent lows.

SINGAPORE (Aug 15): UOB Kay Hian and RHB are maintaining their “buy” recommendation for Golden Agri-Resources (GAR) with target prices of 42 cents and 44 cents respectively even after GAR’s 2Q results were boosted by a one-off gain.

SINGAPORE (July 27): RHB has downgraded Bumitama Agri from a buy recommendation to a hold recommendation, after the palm oil grower posted a steep decline in production output of fresh fruit bunches (FFB) for 2Q2016.

SINGAPORE (May 11): Palm oil producer Global Palm Resources Holdings reported 1Q16 loss of Rp2.5 billion ($257 million) compared to earnings of Rp12.1 billion in 1Q15.