Golden Agri

Re: Golden Agri

Postby winston » Mon Sep 06, 2010 5:43 pm

Burger King has indicated it will stop using palm oil produced by Golden Agri (and cutting ties with all companies controlled by the Widjaya family, which controls Golden Agri), because of concerns on environmental damage.

Major global names that have already boycotted the Sinar Mas Group include Nestle, Unilever, Kraft.

Source: Lim & Tan

http://www.remisiers.org/cms_images/0609dailyex.pdf
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Re: Golden Agri

Postby winston » Thu Jan 17, 2013 11:43 am

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STOCKS NEWS SINGAPORE-JPMorgan downgrades Golden Agri to 'underweight'

J.P. Morgan downgraded palm oil firm Golden Agri-Resources Ltd to 'underweight' from 'neutral' and lowered its target price to S$0.50 from S$0.56, on expectations it will be hurt by a muted recovery in crude palm oil (CPO) prices.

By 0329 GMT, shares of Golden Agri were down 3.1 percent at S$0.62, and have fallen about 4.6 percent since the start of the year, compared to the Straits Times Index's <.FTSTI> 1 percent rise.

J.P. Morgan said it expects Golden Agri's fourth-quarter earnings to miss expectations, and forecast a 20 percent quarter-on-quarter decline in core net profit to $69 million as average CPO prices fell 23 percent in the period.

It also cut its 2013 and 2014 earnings per share estimates by 10 percent to factor in lower CPO prices.

Indonesian plantation companies, including Golden Agri, are expected to see meaningful labor cost increase following this year's rise in minimum wage, the brokerage said.

Source: Reuters
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Re: Golden Agri

Postby winston » Tue May 07, 2013 8:15 pm

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Golden Agri: Ripe for buyout by Widjaja family.

Golden Agri- Resources (Golden Agri) is ripe for a buyout by its largest shareholder as the stock languishes 36% below the value of its net assets (0.64x book value).

This is near the lowest level since 2009 and cheaper than 97% of agriculture products companies, according to data compiled by Bloomberg.

Indonesia's Widjaja family, which owns almost half of Golden Agri, could pay a 50% premium for the rest of the stock and still land a bargain, said CMC Markets Singapore Pte.

Source: The Business Times
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Re: Golden Agri

Postby winston » Tue Sep 17, 2013 7:33 pm

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Golden Agri-Resources: Downside risk remains

Golden Agri-Resources (GAR), being one of the largest palm oil plantation owners in the world, is likely to feel the negative impact of further pullback in CPO (crude palm oil) prices, especially after the recent rebounds in prices of CPO and GAR shares.

With demand from both China and India – two of the world’s largest import markets for CPO – likely to remain soft, we believe that the worst is not over yet for the upstream players.

Hence we maintain our SELL rating and S$0.465 fair value (still based on 11x blended FY13/FY14F EPS).

Source: OCBC
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Re: Golden Agri

Postby behappyalways » Tue May 16, 2017 2:47 pm

Golden Agri’s 1Q earnings fall 60.1% to $52.2 mil on higher expenses and forex loss
http://www.theedgemarkets.com.sg/golden ... forex-loss
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Re: Golden Agri

Postby behappyalways » Wed Aug 16, 2017 12:11 pm

golden-agri-posts-56-decline-1h-earnings-us59-mil
https://www.theedgesingapore.com/golden ... s-us59-mil
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Re: Golden Agri

Postby behappyalways » Wed Dec 06, 2017 9:29 pm

golden-agri-resources-sees-80-fall-3q-earnings-595-mil-absence-one-offs
https://www.theedgesingapore.com/golden ... e-one-offs
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Re: Golden Agri

Postby behappyalways » Tue Mar 06, 2018 9:36 pm

Golden Agri sinks into the red with 4Q loss of US$29.1 mil
https://www.theedgesingapore.com/golden ... -us291-mil
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Re: Golden Agri

Postby behappyalways » Mon Jun 18, 2018 3:45 pm

Golden Agri-Resources reports 68% fall in 1Q earnings to US$12 mil on lower palm production and CPO prices
https://www.theedgesingapore.com/golden ... cpo-prices
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Re: Golden Agri

Postby behappyalways » Wed Aug 15, 2018 2:45 pm

Golden Agri ends 2Q and 1H with net losses on lower yields and CPO prices
https://www.theedgesingapore.com/golden ... cpo-prices
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