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...

RHB Group Research analyst Hoe Lee Leng is keeping “neutral” on the plantation sector, with top picks including Wilmar International.In her April 25 note, Hoe says that Indonesia’s ban on its palm oil exports, which will start on April 28, may not necessarily have the effects it desires.The mo...

Russia and Ukraine are two large producers of sunflower seeds, aside from producing some small amounts of soybean and rapeseed. Together, they produced 40 million tonnes of oilseed in 2021 or 7% of total global oilseed supply. In 2022, this is forecasted to rise to 46 million tonnes or 8% of global ...

Although Wilmar International may post lower profit in 2022, it will still be the outperformer among the integrated agribusiness companies, according to UOB Kay Hian Research analysts Leow Huey Chuen and Jacqueline Yow Hui Li. In their March 11 report, the analysts note that Wilmar’s 2022 performa...

In their March 8 report, CGS-CIMB Research analysts Lock Mun Yee and Lim Siew Khee say they advocate a risk-off approach in the near term by positioning in REITs for their yield and stability. At the same time, the analysts recommend that investors should watch for a tactical entry into banks for th...