GOLDEN Agri-Resources' net loss narrowed for its fiscal third quarter, shrinking 92 per cent to US$5 million for the three months ended Sept 30, from US$61 million in the previous quarter, it said on Friday morning.

GOLDEN Agri-Resources' net loss narrowed for its fiscal third quarter, shrinking 92 per cent to US$5 million for the three months ended Sept 30, from US$61 million in the previous quarter, it said Friday morning.

THE following companies saw new developments that may affect trading of their shares on Friday:

Agribusiness players are generally positive on crude palm oil (CPO) prices for the remainder of the year with the current rally set to ease with improved supply in 1H21F, note CGS-CIMB analysts Ivy Ng and Nagulan Ravi in an Oct 29 note.  Ng and Ravi are maintaining their ‘neutral’ call on t...

INTEGRATED palm oil producer Golden Agri-Resources on Tuesday said it has incorporated a fully-owned sugar subsidiary in Sao Paolo, Brazil, called Golden Agri-Resources Brasil Sociedade Limitada Unipessoal.

Golden Agri-Resources (GAR) announced on Oct 6 that it is incorporating a fully-owned subsidiary in Sao Paolo, Brazil. The new subsidiary, named Golden Agri-Resources Brasil Sociedade Limitada Unipessoal (GAR Brazil), is said to help GAR enhance its sugar trading business. According to GAR, its Euro...

A FALL in crude palm oil (CPO) prices in the first half of this year could make 2020 challenging for the Singapore-listed palm oil counters, but Golden Agri-Resources (GAR) appears to be having a particularly tough time. The company, already loss-making, has a higher cost base and a more mat...

Singapore markets experienced a gloomy 2Q20 as the Straits Times Index (STI) closed August flat at 2,532.51 pts. This represented a marginal 2.7 pts increase m-o-m as investors were sombre amid gloomy economic data and poor visibility due to the Covid-19 pandemic.  GDP for the quarter contracte...

UOB Kay Hian has maintained its “market weight” recommendation on the Singapore plantation sector upon improved y-o-y earnings in 1H20, and expectations of a better 2H20. UOB Kay Hian analysts Leow Huey Chuen and Jacquelyn Yeow noted the reason behind most companies’ better 1H20 earnings was d...

CRUDE palm oil (CPO) producer Golden-Agri Resources (GAR) is banking on a rally in palm oil prices to boost its financial performance in the second half of the year.