E5H.SI - Golden Agri-Resources Ltd

SES - SES Delayed Price. Currency in SGD
0.2950
-0.0100 (-3.28%)
At close: 5:04PM SGT
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Previous close0.3050
Open0.3050
Bid0.2900 x 0
Ask0.2950 x 0
Day's range0.2900 - 0.3050
52-week range0.2250 - 0.3700
Volume16,271,500
Avg. volume14,054,296
Market cap3.757B
Beta (3Y monthly)0.25
PE ratio (TTM)N/A
EPS (TTM)-0.0000
Earnings date13 May 2019 - 17 May 2019
Forward dividend & yield0.01 (2.11%)
Ex-dividend date2019-04-29
1y target est0.21
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  • Golden Agri kept at 'sell' with 23 cents target after 4Q sinks deeper into the red
    The Edge Singaporelast month

    Golden Agri kept at 'sell' with 23 cents target after 4Q sinks deeper into the red

    SINGAPORE (Mar 5): RHB Research is reiterating Golden Agri-Resources at “sell” with an unchanged target price of 23 cents after earnings reversed further into the red in 4Q18, with FY18 core net loss coming in significantly below expectations. To recap, Golden Agri reported US$91.3 million of losses from a profit of US$40 million in FY17. For 2019, Golden Agri intends to replant 15,000ha in 2019 from 10,500ha to rejuvenate its tree age profile of 16 years on average.

  • Golden Agri FY18 swings into net loss of US$2 mil on falling CPO prices
    The Edge Singapore2 months ago

    Golden Agri FY18 swings into net loss of US$2 mil on falling CPO prices

    SINGAPORE (Feb 27): Golden Agri-Resources, the Indonesia based palm oil plantation with integrated operations for the production of edible oil and fat, swung back into profitability in 4Q18 with earnings of US$79.3 million from a loss of US$29.1 million a year ago.However, Golden Agri still recorded a net loss of US$2 million for FY18 primarily because of foreign exchange loss, loss from changes in fair value of biological assets and deferred tax expense. In FY17, Golden Agri reported earnings of US$74 million.In FY18, Golden Agri recorded revenue of US$7.2 billion in FY18, a slight decrease compared to the previous year as affected by weaker palm oil prices.Golden Agri says declining palm oil prices continued to be the main factor in weaker performance in FY18, especially from the plantations and palm oil segment. The industry as a whole saw very strong plantation output in FY18, resulting in high inventory levels and lower prices.In the Plantations and palm oil mills segment, 4Q18 fruit yield reached 5.9 tonnes per hectare, 11% lower quarter-on-quarter due to seasonality. Despite the reduced mature area, harvested fruits expanded to 10.5 million tonnes with a fruit yield of 22.5 tonnes per hectare, at the top of the industry range. Palm product output reached a new record of slightly over three million tonnes in 2018, 12% higher than last year. As a result, Golden Agri’s FY18 upstream EBITDA reached US$391 million with a margin of 27%.Revenue from the Palm, laurics and others segment reached US$7.1 billion, slightly lower than last year due to lower selling prices. Sales volume was maintained at 10.2 million tonnes although the volume at China oilseeds business contracted after the divestment of the Tianjin plant. With expanded 4Q18 EBITDA of US$120 million, full year EBITDA was US$184 million, 11% higher compared to the previous year.For FY18, the board has proposed a final dividend of 0.58 cents per share or approximately US$54 million in total.Franky O. Widjaja, Golden Agri Chairman and CEO, says: “FY18 was a challenging year for operators in the palm oil industry. I am pleased that GAR once again proved resilient in unfavourable circumstances, based on our long-term investment in a vertically integrated operation. Our focus remains on building GAR’s core competitive edge, delivering sustainably produced palm oil and palm-based products in an efficient and innovative way.”Shares in Golden Agri closed at 28 cents on Tuesday.

  • Reuters2 months ago

    INSIGHT-Can "Big Brother" technology clean up palm oil's image?

    Some of the world's major palm oil users, including Nestle, Unilever, and Mondelez, are trying out new satellite technology to track deforestation, as pressure grows on them to source the ingredient responsibly. Palm oil buyers have toyed with satellite imagery for years, but have now ramped up their use as they rush to meet a pledge of zero net deforestation by 2020, set by global umbrella body the Consumer Goods Forum.

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  • Golden Agri reverses into the red in 3Q and 9M on weaker palm oil prices
    The Edge Singapore5 months ago

    Golden Agri reverses into the red in 3Q and 9M on weaker palm oil prices

    SINGAPORE (Nov 13): Golden Agri-Resources reversed into the red in 3Q18 and 9M18 ended Sept with losses of US$53.9 million ($74.6 million) and US$81.1 million respectively on weaker palm oil prices.

  • Reuters5 months ago

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    By Rashmi Ashok Oct 19 (Reuters) - Most Southeast Asian stock markets closed lower on Friday, as weak economic data from China added to concerns over trade tensions, hurting investor sentiment. China's ...

  • Where Golden Agri-Resources Ltd’s (SGX:E5H) Earnings Growth Stands Against Its Industry
    Simply Wall St.10 months ago

    Where Golden Agri-Resources Ltd’s (SGX:E5H) Earnings Growth Stands Against Its Industry

    When Golden Agri-Resources Ltd (SGX:E5H) released its most recent earnings update (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of itsRead More...

  • Is It Time To Sell Golden Agri-Resources Ltd (SGX:E5H) Based Off Its PE Ratio?
    Simply Wall St.10 months ago

    Is It Time To Sell Golden Agri-Resources Ltd (SGX:E5H) Based Off Its PE Ratio?

    Golden Agri-Resources Ltd (SGX:E5H) is trading with a trailing P/E of 62.1x, which is higher than the industry average of 15.4x. Although some investors may jump to the conclusion thatRead More...