ANALYSTS at RHB Research Institute have downgraded their call on mainboard-listed Golden Agri-Resources to "sell" and slashed the target price of the stock from S$0.39 to S$0.23, citing the commodities firm's weak fiscal 2018 performance.

SINGAPORE (Jan 28): RHB Research is resuming coverage on Golden Agri Resources with a “sell” recommendation and a lower target price of 23 cents from 39 cents previously. While RHB expects 2019 to be a better year after an extremely weak 2018, the house expects earnings to take some time to rec...

Submitted By:  Arianna Danganan Case Study:  No The firm’s ‘floating rate’ borrowings also pose a threat to its earnings. Golden Agri Resources&rs...

SINGAPORE (Nov 14): Analysts are maintaining their downbeat forecast on Golden Agri-Resources following its 3Q18 results announcement last night, which largely came in below expectations. Golden Agri reversed into the red in 3Q18 and 9M18 with losses of US$53.9 million ($74.6 million) and US$81.1 m...

GOLDEN Agri-Resources slipped into the red for the third quarter despite an increase in revenue.

Submitted By:  Luz Wendy Noble Case Study:  No Revenue from the oilseeds segment dropped 23.2% to $499.93m. read more

GOLDEN Agri-Resources slipped into the red for the third quarter despite an increase in revenue.

SINGAPORE (Nov 13): Golden Agri-Resources reversed into the red in 3Q18 and 9M18 ended Sept with losses of US$53.9 million ($74.6 million) and US$81.1 million respectively on weaker palm oil prices. Revenue in 3Q18 rose 3.2% to US$1.8 billion but as cost of sales grew 4.7% to US$1.6 billion, gross ...