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Broker's Calls
UOB Kay Hian cuts Wilmar's target price following alleged palm oil case in China
UOB Kay Hian has kept its FY2023 earnings estimate but a lower valuation multiple has been applied
January 24, 2024
Company in the news
Wilmar unit denies involvement in alleged China palm oil fraud
Yihai Kerry Arawana Holdings is a leading food processor in China
January 15, 2024
Commodities
Watch out for Godzilla El Niño
Like Godzilla, El Niño can cause immense destruction
July 20, 2023
Broker's Calls
Bumitama Agri’s 1QFY2023 results within expectations, RHB trims TP to 60 cents
Bumitama Agri may deliver better earnings in 2HFY2023 compared to 1HFY2023.
May 15, 2023
Results
Golden Agri's 1QFY2023 earnings down by half with palm oil prices 'normalised'
Prices dropped by 37% to US$990 per tonne, following a record FY2022's US$1,579
May 12, 2023
M&A
Mewah International acquires Indonesian palm oil facility operator for IDR102 bil
The net asset value of the shares being acquired is approximately IDR73 billion.
April 03, 2023
Company in the news
Adijanto family offers to take Global Palm Resources private with 25 cents a share offer
The offeror reserves the right to revise the terms of the offer.
March 29, 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
Environmental, Social and Governance
Ensuring fertile financial foundations at PT Perkebunan Nusantara
PTPN has ambitious future plans to further improve performance
February 22, 2023
Broker's Calls
DBS keeps Wilmar at 'buy', shrugs off potential balance sheet and earnings impact from Adani joint venture
"Wilmar will be able to maintain its earnings performance amid commodity price volatility"
February 06, 2023