Driven by uncertainty over the supply of sunflower seed oil from Ukraine and Russia and Indonesia’s steps to curb palm oil exports, crude palm oil (CPO) prices rose to over RM7,000 ($2,186) per tonne in early March. Since then, on the unwinding impact of Indonesia’s export bans and fears of rece...

The chief sustainability officer (CSO) role is relatively new, having entered the mainstream only about five to 10 years ago, says executive director at global leadership advisory Russell Reynolds Associates’ Michelle Chan Crouse.During the early years, the role was more reactive, where the office...

GOLDEN Agri-Resources on Wednesday (Aug 31) said plans to list its India subsidiary on both the Bombay Stock Exchange and National Stock Exchange of India will be suspended.

RHB Group Research analysts have kept their “neutral” call on Golden Agri-Resources with a slightly higher target price of 30 cents from 29 cents previously.The analysts raise their FY2022 earnings estimate for FY2022 by 43% and FY2203-FY2024 earnings by 7%-10% after adjusting for lower unit cos...

PALM oil plantation company Golden Agri-Resources on Friday (Aug 12) posted a net profit of US$389.7 million for the first half of the year ended June, more than double that of the earnings of US$153.2 million in the corresponding year-ago period. 

Golden Agri-Resources (GAR) reported earnings of US$389.6 million ($533 million) for 1HFY2022, up 154% from the previous corresponding period at US$153.2 million.On the back of higher crude palm oil (CPO) prices, GAR’s revenue rose 23.3% to US$5.5 billion compared to US$4.45 billion recorded in 1H...

The price of crude palm oil (CPO) has fallen drastically on the unwinding impact of Indonesia’s export ban as well as fears of recession which has brought down all commodity prices.To this end, RHB Group Research analyst Hoe Lee Leng has tweaked her CPO price assumptions down for 2022 to RM5,100 p...

Indonesia’s plan to raise the biodiesel mandate to 35% (B35) from 30% will boost sentiment but may not effectively lower stocks in the near term, said CGS-CIMB Research analysts Ivy Ng Lee Fang, Nagulan Ravi and Peter Sutedja.The B35 policy — effective on July 20 — is aimed at reducing palm oi...

The planned higher biodiesel mandate in Indonesia will be medium-term positive for Indonesian biodiesel producers such as Wilmar International, Golden Agri-Resources and First Resources, said CGS-CIMB Research analysts Ivy Ng Lee Fang and Nagulan Ravi.This change in mandate would allow the companies...

Analysts are mixed on Golden Agri-Resources on the back of the ongoing Indonesia palm oil export ban and the possibility of crude palm oil (CPO) trending lower in 2HFY2022.CGS-CIMB Research analysts Ivy Ng Lee Fang and Nagulan Ravi have downgraded their recommendation from “add” to “hold” du...

CGS-CIMB has downgraded its call on Golden Agri-Resources to “hold” from “add”, as profit margins of the palm oil producer could take a hit from Indonesia’s palm oil export bans.

Golden-Agri Resources (GAR) has reported earnings of US$188 million ($261.0 million) for the 1QFY2022, 4.58 times higher than earnings of US$41 million in the corresponding period the year before.During the period, revenue increased by 32% y-o-y to US$2.7 billion.Gross profit increased 39% y-o-y to ...

THE following companies saw new developments that may affect trading of their securities on Thursday (May 12):

GOLDEN Agri-Resources on Thursday (May 12) reported net profit of US$188 million for the first quarter ended Mar 31, 2022, rising nearly fivefold from the previous year’s Q1 net profit of US$41 million.

A man who was born in 1922 could be driving this year’s hottest stock. Golden Agri Resources is up 33% year to date, making it one of the Singapore Exchange’s top performers.The company’s late founder, Era Tipta Widjaya, had at least 40 children. But, Widjaya, who died in 2019, planted many mo...