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Billion Dollar Club 2023
Palm oil giants and Sheng Siong Group share the wins
With an eye on sustainability, Golden Agri-Resources has achieved 98% traceability to the plantation in its palm supply chain
November 09, 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
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
Broker's Calls
External factors dragged down CPO prices, RHB maintains 'neutral' on plantation sector
Despite moderating upside risks, there are still supportive factors that should keep prices relatively stable.
April 13, 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
Golden Agri boosted by downstream performance, analysts maintain 'buy' with higher TPs
Although earnings will reduce y-o-y in FY2023, RHB analysts believes valuations have already reflected this.
March 06, 2023
Finance
CLAS displaces Golden Agri-Resources from STI's reserve list following quarterly review
There are no changes to the 30-member index
March 02, 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
Broker's Calls
CPO prices to remain relatively range bound in 2023 amid balanced supply improvements and rise in demand: RHB
Hoe continues to favour integrated players like Wilmar while also seeing value in players such as Bumitama Agri and Golden Agri.
December 15, 2022