|Bid||0.370 x 0|
|Ask||0.375 x 0|
|Day's range||0.370 - 0.375|
|52-week range||0.340 - 0.450|
|PE ratio (TTM)||14.42|
|Earnings date||22 Feb 2018 - 26 Feb 2018|
|Forward dividend & yield||0.00 (1.61%)|
|1y target est||0.27|
Strong production figures that failed to offset the deferred tax. Golden Agri-Resources profit dropped steeply by 80% YoY to $59.5m (US$43.7m) in Q3 largely due to recognition of deferred income tax assets on revaluation of $329.5m (US$242m) last period. Revenue also decreased 3% YoY to $2426.1m (US$1782m).
The Malaysian Palm Oil Board released data which revealed an 8.8% m-o-m rise in Malaysia’s palm oil stocks, a 0.9% drop in palm oil production and a 6.4% increase in exports.
It recovered from a YoY loss of $62.7m in 2016. Golden Agri-Resources recovered from its $62.7m (US$46m) loss in 2016 with a profit of $20.4m (US$15m) in Q2. Operating costs fell 8.2% YoY from $2.5b (US$1.8b) ...
Golden Agri-Resources is stepping up its game to increase its productivity with its two clones of high-yielding oil palm planting material that is approved for use by Indonesia’s Ministry of Agriculture. According to OCBC Investment Research, these planting materials are envisaged by the company to potentially increase yields to more than 10 tonnes of crude palm oil (CPO)/hectare/year at prime age under optimal weather and soil conditions, which is a contrast to Indonesia’s industry average yield of below four tonnes/hectare/year.