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UOBKH
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Joelton
Supreme |
24-Aug-2026 09:26
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Golden Agri-Resources' s India unit revisits IPO process Golden Agri-Resources says its majority-held subsidiary Gemini Edibles Fats India has restarted its application for an IPO in India. GEF, which is 56.27% held by GAR, has filed a draft prospectus on Aug 21. Up to 41.14 million shares will be offered. Upon completion of the listing, GAR will remain the largest shareholder of GEF, which is noted for its Freedom Oils brand. GAR reportedly paid US$25.6 million for a 75% stake in GEF back in 2014. GEF first filed its draft prospectus back in 2021 but the listing process was spiked the following year with GAR citing " adverse and uncertain market conditions" . According to GAR in its SGX statement, GEF is in the business of manufacturing and distribution of edible oils and specialty fats. GEF' s businesses and assets, says GAR, are clearly differentiated from and managed independently and " are not substantially the same" . As such the planned IPO will not " adversely" affect the viability or profitability of GAR' s remaining businesses, and GAR will continue to comply with the Mainboard admission criteria. On Aug 14, GAR reported earnings of US$167.2 million for its 1HFY2026, up 4.4%. Revenue in the same half year ended June was up 7.3% to US$6.6 billion. In its earnings commentary, GAR warns that the global vegetable oil market remains volatile, no thanks to geopolitical tensions impacting global energy prices and shipping routes, macroeconomic headwinds and evolving trade policies. Also, shifting weather patterns are affecting global crop yields. However, even so crude palm oil prices remain supported by structural supply constraints due to limited acreage expansion. The industry benefits too from sustained demand growth for food and oleochemical, and expanding biofuel mandates. Going forward, GAR aims to optimise its margins and improve its efficiency. Golden-Agri Resources shares closed at 31 cents on Aug 21, up 1.64% for the day, extending a gain of 10.71% year to date. |
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Alignment
Elite |
19-Aug-2026 12:14
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Very nice, but share price still not rising as quickly as the other palm oil players | ||||
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Joelton
Supreme |
15-Aug-2026 16:00
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Golden Agri-Resources H1 net profit up 4.4% at US$167.2 million on higher CPO prices [SINGAPORE] Golden Agri-Resources posted a net profit of US$167.2 million for the first half of FY2026, up 4.4 per cent from US$160.3 million in the year-ago period. This was supported by lower borrowing costs and foreign exchange gains, it said on Friday (Aug 14). Revenue for the six months ended Jun 30, rose 7.3 per cent to US$6.6 billion from US$6.2 billion the year before, driven by higher international crude palm oil (CPO) prices and increased sales volume. The average CPO free-on-board price for H1 was US$1,178 per tonne, an 8.1 per cent increase from US$1,090 per tonne in the same period last year. The bottom line was also supported by lower net financial expenses, which dropped to US$69.2 million from US$82.1 million previously due to reduced borrowing costs. The group recorded a net foreign exchange gain of US$31.8 million for H1 FY2026, reversing a net foreign exchange loss of US$23.9 million in the year-ago period. This was largely due to unrealised translation gains as the US dollar strengthened against the Indonesian rupiah, it said. However, group earnings before interest, taxes, depreciation and amortisation fell 1.9 per cent to US$555.6 million from US$566.3 million, as lower output and higher administrative charges partially offset higher CPO prices. Fresh fruit bunch production fell to 4.23 million tonnes from 4.36 million tonnes, while total palm product output was flat at 1.32 million tonnes. Earnings per share stood at US$0.0132 for H1, up from US$0.0126 in the previous corresponding period. No dividend was declared for the half-year, unchanged from the previous year. The company noted that it generally reviews its dividend distribution during the second half of the financial year. On its outlook, Golden Agri-Resources said that the global vegetable oil market remains volatile amid geopolitical tensions, macroeconomic headwinds and shifting weather patterns. However, CPO prices remain supported by structural supply constraints from limited acreage expansion, alongside sustained demand growth for food and oleochemicals, and expanding biofuel mandates, it added. Shares of Golden Agri-Resources were flat at S$0.285 on Friday at noon, before the results. |
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Alignment
Elite |
19-Jul-2026 10:13
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Kopernik building back their position above 7%. Presumably they think the share price has already seen the floor. | ||||
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Alignment
Elite |
25-May-2026 20:03
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Indonesia plans for palm oil unpredictable... | ||||
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labuubuuu
Veteran |
22-May-2026 10:26
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Golden ag
No more ugly, Try 275 |
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Wesley
Member |
20-May-2026 08:33
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got chance to load some at 0.28 today | ||||
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Joelton
Supreme |
17-May-2026 22:28
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Golden Agri-Resources Q1 net profit falls 20% to US$44 million amid weaker upstream business However, its downstream business boosts revenue by 6% year on year [SINGAPORE] Golden Agri-Resources delivered a net profit of US$44 million for its first quarter ended Mar 31, a decline of 20 per cent from US$55 million in the previous corresponding period. Noting that commodity markets faced volatility due to escalating geopolitical tensions, the company said that earnings moderated primarily due to weaker contributions from the upstream segment, with declines in both palm product output and average selling prices. For the quarter, the average crude palm oil (CPO) market price fell 2 per cent year on year to US$1,136 per tonne, from US$1,156. The upstream palm product output for the quarter, which includes CPO, decreased 10 per cent to 592,000 tonnes, from 658,000 tonnes. Higher income tax expenses, driven by higher taxable profits in certain subsidiaries and additional cost for provisioning, also contributed to the bottom-line declines. Despite lower earnings, revenue for the quarter rose 6 per cent on the year to US$3.2 billion from US$3 billion, driven by expanded merchandising volume from the downstream business, which partly mitigated the impact of lower CPO prices. Downstream sales volume climbed 2 per cent to 2.81 million tonnes from 2.76 million tonnes. For the three months, gross profit rose 4 per cent to US$450 million from US$433 million. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) dropped 7 per cent year on year to US$241 million, from US$259 million. Financial position, El Nino risk Anticipating a &ldquo stronger-than-usual&rdquo dry season in Indonesia this year as a result of El Nino conditions, the group said it remains vigilant in its approach to fire risk. It has strengthened detection and response capabilities, deployed new fire detection technology and continued its close collaboration with communities. In terms of financial position, the company had a gearing of 0.55 times and a net debt to Ebitda of 0.24 times. Total liabilities stood at US$5.2 billion as at Mar 31, up 4 per cent from US$4.9 billion as at Dec 31, as total assets stood at US$10.9 billion, up 2 per cent from US$10.7 billion. Total equity as at March was steady at US$5.8 billion, 0.4 per cent higher than US$5.7 billion as at December. Its interest bearing debts dropped 2 per cent to US$3.19 billion as at March, from US$3.25 billion as at December. Golden Agri-Resources noted that escalating diesel prices due to the global energy shortage have accelerated adoption of biofuel mandates across major countries including the US, Indonesia, Malaysia and Thailand. &ldquo This surge in demand from the energy sector is adding pressure to vegetable oil supplies and sustaining higher prices,&rdquo the company said. It added that palm oil production has been constrained in early 2026, compounded by the structural challenges of ageing plantations and replanting cycles. &ldquo Tightening supply is further exacerbated by developing El Nino conditions and potentially reduced fertiliser application driven by elevated input prices,&rdquo it said. &ldquo Together, these factors are expected to keep CPO prices elevated in the near term, even as geopolitical tensions may gradually ease.&rdquo |
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JurongW
Elite |
12-May-2026 18:24
Yells: "Earnings give weight, Chart give wings" |
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Silchester Internatonal sold 10 mllion shares at $0.3408 on 8 May 26 https://links.sgx.com/1.0.0/corporate-announcements/89E3344IIHLMRE1P/888412__Form%203%20-%20Silchester%20-%20Golden%20Agri%20-%2011052026.pdf |
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Alignment
Elite |
06-May-2026 12:22
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This has been a laggard relative to the other palm oil companies. Lots of potential to chiong and catch up from a relative valuation standpoint | ||||
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ttimer
Member |
05-May-2026 14:55
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Fragrance houses are overwhelming with orders, I believe palm oil should do very well this year. 1st qtr result should be good. Current price movement seems to reflect it.
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JurongW
Elite |
15-Apr-2026 17:12
Yells: "Earnings give weight, Chart give wings" |
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Closed at 315/320 with strong volume of 30.4 million shares Next, R1 = 33, R2 = 35.5
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JurongW
Elite |
15-Apr-2026 15:05
Yells: "Earnings give weight, Chart give wings" |
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I see a cup and handle pattern for Golden Agri. Potentially, it could reach 35 Now moving in ascending channel after breakout from handle. If there' s interest, I can present the chart analysis. Else just stop here and observe the price action. |
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JurongW
Elite |
26-Mar-2026 17:44
Yells: "Earnings give weight, Chart give wings" |
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Sale of 1,772,600 shares at $0.2999 on 25 Mar by Silchester International Investors LLP |
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Alignment
Elite |
17-Mar-2026 21:02
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The pure oil/gas plays on SGX are relatively small companies, with the pros and cons that brings. If you want more institutional quality proxies to buy /hedge against oil price upside the palm oil companies are not a bad way to go, each with 10x+ market caps. |
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JurongW
Elite |
17-Mar-2026 14:50
Yells: "Earnings give weight, Chart give wings" |
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Currently ranked 3rd in the top volume list. This laggard is finally playing catch up. If the rally contnues, 1st target: 33 cents, 2nd target: 35,5 |
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francisd
Master |
17-Mar-2026 14:41
Yells: "BUY LOW SELL HIGH" |
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Going up slow and steady. Watch out.
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Alignment
Elite |
08-Mar-2026 20:06
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Big coming increase in oil prices very good news for palm oil companies. | ||||
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Joelton
Supreme |
27-Feb-2026 10:29
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Golden Agri-Resources H2 profit falls 8.5% to US$239.9 million Revenue rises 17.9% to US$6.8 billion, from US$5.8 billion a year earlier [SINGAPORE] Golden Agri-Resources (GAR) on Thursday (Feb 26) recorded an 8.5 per cent drop in net profit to US$239.9 million for its second half ended Dec 31, 2025, from US$262.1 million in the previous corresponding period. Earnings per share stood at US$0.0189 for the half-year, down from US$0.0207 the year before. H2 revenue rose 17.9 per cent to US$6.8 billion, from US$5.8 billion the year before. For the full year ended Dec 31, 2025, net profit climbed 9.8 per cent to US$400.2 million, while revenue was up 18.7 per cent to US$13 billion. Profitability was affected mainly by the absence of non-recurring gains on the disposal of joint ventures recorded in 2024, and higher income-tax expenses, GAR said. Growth in revenue was driven by higher international crude palm oil prices and increased sales volume. A final dividend of S$0.00952 per share was proposed for FY2025, up from S$0.00804 in FY2024. The proposed final dividend will be paid on May 20, subject to shareholders&rsquo approval at GAR&rsquo s annual meeting on Apr 24 and after books closure on May 8. Chairman and chief executive officer Franky O Widjaja said: &ldquo The board is pleased to report a steady year for GAR amid market and global economic uncertainties, achieving record-high revenue while maintaining profitability&rdquo . He added that long-term demand fundamentals for palm oil remain firm, driven by global population growth and rising renewable energy demand. &ldquo Supply growth, however, is expected to remain constrained by ageing plantations and replanting programmes. Industry volatility is also expected to persist with uncertainties around extreme weather conditions, geopolitical developments, shifts in global trade policies, and energy market dynamics,&rdquo he noted. Shares of GAR closed S$0.005 or 1.7 per cent lower at S$0.29 on Thursday, before the results were announced. |
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JurongW
Elite |
26-Feb-2026 17:52
Yells: "Earnings give weight, Chart give wings" |
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Golden Agri-Resources Sustains Strong Performance for Full Year 2025 Full-year revenue reached a record high at nearly US$13 billion, representing a 19% year on-year increase. EBITDA for the year grew by 14% to reach US$1.26 billion, supported by an improved second-half performance. The Board has proposed an 18% increase in the final dividend to 0.952 Singapore cents per share, subject to shareholder approval, while remaining mindful of market conditions. Details of press release: https://links.sgx.com/1.0.0/corporate-announcements/TXVJ8W4FXT6IE515/876248_GAR%2026-02-2026-GAR%20FY2025%20Media%20Release.pdf |
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