|Bid||0.32 x 0|
|Ask||0.33 x 0|
|Day's range||0.31 - 0.33|
|52-week range||0.30 - 0.41|
|PE ratio (TTM)||82.50|
|Earnings date||13 Aug 2018 - 17 Aug 2018|
|Forward dividend & yield||0.01 (4.51%)|
|1y target est||0.23|
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...
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) ...