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481-500 of 4720
It should recover since it went up to .29 cents in the prospect of good earning the local sentiment has put a dampner on this and other counters. Hope the BB' s will buy up later and take it upwards. Cheers.
francisd ( Date: 17-May-2021 11:11) Posted:
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Yes, it has to be good and the coming results of the next since commodity prices has gone thru the roof over the last few months and on the rise.
Expecting a better dividend also and the price to go to .50 cents level like it was before.
Cheers.
Expecting a better dividend also and the price to go to .50 cents level like it was before.
Cheers.
Hope no retailers stuck at 290.
superstartup ( Date: 12-May-2021 12:26) Posted:
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Long to enjoy...
No panic.... opportunity to long more to enjoy more...
Long.... to enjoy...
I actually posted a brief last nite but decided to put up a more robust reply this time.
It' s always the case that no matter how good the result is there will always be detractors to say something negative...
look, first quarter, beginning of year, earning is always slow, extraordinary expenditures will add to costs. Still if you compare 1st Q 2021with FY 2020 4Q, revenue for 1Q 21 is $2048m compare with 4Q20 $2082m Very encouraging, right? And gross profits is $485m for 1Q compared with $522m for 4Q20. Very comparable, right? So how that being bad or worse, when you have not ascertain if the extraordinary varying costs and expenditure will continue into the next quarters.You forget that company have been making losses for years. For it to turn around in the first quarter of the new FY, is phenomenal achievement. For net profit, why don' t highlight that 1Q net profits is actually 30% higher than the WHOLE of FY 2020? So if the next 3 quarters continue to perform, with each quarter outperforming year on year, which looking at the continued stengthening of the palm oil prices, and Indonesia tax rebates, it would defintely be the case.
When looking for the negatives in a performance turnaround, don' t try to separate the tree from the forest, or in this case the palm tree from the plantation..
It' s always the case that no matter how good the result is there will always be detractors to say something negative...
look, first quarter, beginning of year, earning is always slow, extraordinary expenditures will add to costs. Still if you compare 1st Q 2021with FY 2020 4Q, revenue for 1Q 21 is $2048m compare with 4Q20 $2082m Very encouraging, right? And gross profits is $485m for 1Q compared with $522m for 4Q20. Very comparable, right? So how that being bad or worse, when you have not ascertain if the extraordinary varying costs and expenditure will continue into the next quarters.You forget that company have been making losses for years. For it to turn around in the first quarter of the new FY, is phenomenal achievement. For net profit, why don' t highlight that 1Q net profits is actually 30% higher than the WHOLE of FY 2020? So if the next 3 quarters continue to perform, with each quarter outperforming year on year, which looking at the continued stengthening of the palm oil prices, and Indonesia tax rebates, it would defintely be the case.
When looking for the negatives in a performance turnaround, don' t try to separate the tree from the forest, or in this case the palm tree from the plantation..
Agree, waiting for the market open tomorrow!!
Lobster ( Date: 12-May-2021 18:00) Posted:
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JP Morgan view on the recent earnings looks good. 55c target 
Golden Agri-Resources Overweight
GAGR.SI, GGR SP
In-line 1Q21 Reiterate OW
Price (12 May 21): S$0.28
Price Target (Dec-21): S$0.55
Jeffrey Ng AC
(60-3) 2718 0713
[email protected]
Sean Teo, CFA
(60-3) 2718 0761
[email protected]
1Q21 core profit of US$99mn makes up 43% and 26% of street and JPM estimates, respectively. Despite Indonesia&rsquo s newly introduced high export tax and levy, 1Q21 blended CPO ASP is 31% higher than 1Q20, thus we continue to stay OW on the stock and maintain our PT of S$0.55.
· 1Q21 result is in-line. Revenue grew 24% Y/Y to US$2,048mn, on the back of higher blended CPO ASP of US$919/mt (+31% Y/Y) as well as higher FFB production (+31% Y/Y), largely due to the additional 33,000ha of plantation acquired in late 2020 and a 22% improvement in FFB yield (5.3mt/ha).
· Export levy revision remains to be seen. GGR commented that discussions are ongoing with regards to the revision of export levy. This is consistent with commentaries from the other planters. Nevertheless, any downward revision will be positive to GGR given its sizable upstream exposure (80% of FY21E EBITDA).
· Operating leverage to kick in despite levies. Our analysis (refer to charts below) suggests that operating leverage will once again kick in for Indonesian planters as CPO price has gone beyond US$995, the ceiling for export levy, and thus capping export levies to US$255/mt even as prices continue to trend higher. While ASP is still below the ceiling for export taxes of US1,250/mt, we expect the step up in total levies and taxes paid to be more gradual from here onwards.
· Reiterate OW. CPO prices have breached the RM4,000/mt mark in recent weeks and currently trade at RM4,500/mt. We believe GGR is a good proxy for an uptrend in CPO prices given limited hedging.
Therefore, we continue to stay OW on GGR.
Golden Agri-Resources Overweight
GAGR.SI, GGR SP
In-line 1Q21 Reiterate OW
Price (12 May 21): S$0.28
Price Target (Dec-21): S$0.55
Jeffrey Ng AC
(60-3) 2718 0713
[email protected]
Sean Teo, CFA
(60-3) 2718 0761
[email protected]
1Q21 core profit of US$99mn makes up 43% and 26% of street and JPM estimates, respectively. Despite Indonesia&rsquo s newly introduced high export tax and levy, 1Q21 blended CPO ASP is 31% higher than 1Q20, thus we continue to stay OW on the stock and maintain our PT of S$0.55.
· 1Q21 result is in-line. Revenue grew 24% Y/Y to US$2,048mn, on the back of higher blended CPO ASP of US$919/mt (+31% Y/Y) as well as higher FFB production (+31% Y/Y), largely due to the additional 33,000ha of plantation acquired in late 2020 and a 22% improvement in FFB yield (5.3mt/ha).
· Export levy revision remains to be seen. GGR commented that discussions are ongoing with regards to the revision of export levy. This is consistent with commentaries from the other planters. Nevertheless, any downward revision will be positive to GGR given its sizable upstream exposure (80% of FY21E EBITDA).
· Operating leverage to kick in despite levies. Our analysis (refer to charts below) suggests that operating leverage will once again kick in for Indonesian planters as CPO price has gone beyond US$995, the ceiling for export levy, and thus capping export levies to US$255/mt even as prices continue to trend higher. While ASP is still below the ceiling for export taxes of US1,250/mt, we expect the step up in total levies and taxes paid to be more gradual from here onwards.
· Reiterate OW. CPO prices have breached the RM4,000/mt mark in recent weeks and currently trade at RM4,500/mt. We believe GGR is a good proxy for an uptrend in CPO prices given limited hedging.
Therefore, we continue to stay OW on GGR.
Golden Agri swings into the black with Q1 net profit of US$41m
GOLDEN Agri-Resources has swung back into the black with a net profit of US$41 million for its first quarter ended March 31, 2021, compared with a net loss of US$95 million the previous year.
This was attributed to the 24 per cent year-on-year increase in revenue to US$2.05 billion from US$1.66 billion due to the continued appreciation of crude palm oil (CPO) market prices.
Earnings before interest, taxes, depreciation, and amortisation (Ebitda) more than doubled to US$232 million compared with first quarter last year. This was due to an improvement in the group' s upstream business - CPO prices (FOB Belawan) increased 57 per cent to an average of US$1,057 per tonne compared with the same period a year earlier.
Downstream business also recorded improvements year-on-year as the group overcame challenges posed by the Covid-19 pandemic, it said.
However, the group noted that oilseed production has been distorted by extremely dry weather in South America and other parts of the world.
" Supply has been very tight so far and we foresee that this will continue for the rest of the year. Accordingly, tightness in global vegetable oil supply will also continue," said the group in its business performance update.
Meanwhile, it is optimistic that demand for vegetable oils will remain strong both in the food and energy sectors as vaccination is being rolled out globally.
" We remain vigilant and continue to monitor the development of the Covid-19 pandemic in major consuming countries. Nonetheless, the industry and its supply chains have learned from the lockdowns implemented last year and are better equipped in managing these issues," said Golden Agri.
It is also hoping to tap the demand for healthier and responsibly sourced products among consumers, saying that the competitive attributes of palm oil will position Golden Agri to benefit from this trend.
Sustainability efforts are also underway despite the ongoing pandemic. The group has, for instance, achieved 94 per cent Traceability to the Plantation (TTP) for its entire palm supply chain as at the first quarter of the year. In addition, Golden Agri has boosted its capacity and capability to monitor deforestation risk at its estates and supply chains through a satellite monitoring system and AI-driven dashboard.
On a Q on Q basis, net profit dropped over 78%. . . Did not manage to maintain last strong Q. . .
Golden Agri swings into the black with Q1 net profit of US$41m
GOLDEN Agri-Resources has swung back into the black with a net profit of US$41 million for its first quarter ended March 31, 2021, compared with a net loss of US$95 million the previous year.
This was attributed to the 24 per cent year-on-year increase in revenue to US$2.05 billion from US$1.66 billion due to the continued appreciation of crude palm oil (CPO) market prices.
Earnings before interest, taxes, depreciation, and amortisation (Ebitda) more than doubled to US$232 million compared with first quarter last year. This was due to an improvement in the group' s upstream business - CPO prices (FOB Belawan) increased 57 per cent to an average of US$1,057 per tonne compared with the same period a year earlier.
Downstream business also recorded improvements year-on-year as the group overcame challenges posed by the Covid-19 pandemic, it said.
Meanwhile, it is optimistic that demand for vegetable oils will remain strong both in the food and energy sectors as vaccination is being rolled out globally.
" We remain vigilant and continue to monitor the development of the Covid-19 pandemic in major consuming countries. Nonetheless, the industry and its supply chains have learned from the lockdowns implemented last year and are better equipped in managing these issues," said Golden Agri.
It is also hoping to tap the demand for healthier and responsibly sourced products among consumers, saying that the competitive attributes of palm oil will position Golden Agri to benefit from this trend.
Sustainability efforts are also underway despite the ongoing pandemic. The group has, for instance, achieved 94 per cent Traceability to the Plantation (TTP) for its entire palm supply chain as at the first quarter of the year. In addition, Golden Agri has boosted its capacity and capability to monitor deforestation risk at its estates and supply chains through a satellite monitoring system and AI-driven dashboard.
1h conversion 275 must hold
then next fib
if not in wabc
wa down 61.8% 260
then next fib
if not in wabc
wa down 61.8% 260
Revenue up 24%, profits up a walloping 145% and this is just 1st quarter.
it should be back to its usual 50c range
it should be back to its usual 50c range
Profit Doubles & outlook robust . Worth Investing.
Entering the year 2021, Golden Agri-Resources Ltd (?GAR? or the ?Company?) continues to record a robust quarterly performance. First quarter EBITDA more than doubled to US$232 million compared to first quarter last year. Underlying profit and net profit saw a turnaround to US$99 million and US$41 million, respectively. This performance was achieved on the back of a 24 percent year-on-year increase in revenue to over US$2 billion, primarily attributable to the continued appreciation of CPO market prices.
During first quarter 2021, CPO prices (FOB Belawan) averaged US$1,057 per tonne, an increase of 57 percent compared to the same period last year. GAR?s upstream business benefitted from this and made the largest contribution to our consolidated EBITDA. The performance of our downstream business also improved year-on-year as we successfully weathered the unprecedented COVID-19 challenges last year.
As of 31 March 2021, GAR?s planted area stood at 536 thousand hectares, comprising 498 thousand hectares of mature estates and 38 thousand hectares of immature estates. Nucleus and plasma estates amounted to 425 thousand and 111 thousand hectares, respectively. Fruit yield for first quarter 2021 reached 5.3 tonnes per hectare, a 22 percent increase from last year?s period supported by favourable weather conditions.
Sales volume of our downstream business was lower in the current quarter due to timing of delivery resulting to higher inventory at the end of the quarter.
OUTLOOK
Global oilseed production has been distorted by extreme dry weather in South America and other parts of the world. Supply has been very tight so far and we foresee that this will continue for the rest of the year. Accordingly, tightness in global vegetable oil supply will also continue.
As COVID-19 vaccination is progressing worldwide, we are optimistic that demand for vegetable oils will remain strong both in the food and energy sectors. We remain vigilant and continue to monitor the development of the COVID-19 pandemic in major consuming countries. Nonetheless, the industry and its supply chains have learned from the lockdowns implemented last year and are better equipped in managing these issues.
Consumers are increasingly looking for healthier and responsibly sourced products to meet their food and energy demands. Palm oil?s competitive attributes make GAR well-positioned to benefit from this trend.
During first quarter 2021, CPO prices (FOB Belawan) averaged US$1,057 per tonne, an increase of 57 percent compared to the same period last year. GAR?s upstream business benefitted from this and made the largest contribution to our consolidated EBITDA. The performance of our downstream business also improved year-on-year as we successfully weathered the unprecedented COVID-19 challenges last year.
As of 31 March 2021, GAR?s planted area stood at 536 thousand hectares, comprising 498 thousand hectares of mature estates and 38 thousand hectares of immature estates. Nucleus and plasma estates amounted to 425 thousand and 111 thousand hectares, respectively. Fruit yield for first quarter 2021 reached 5.3 tonnes per hectare, a 22 percent increase from last year?s period supported by favourable weather conditions.
Sales volume of our downstream business was lower in the current quarter due to timing of delivery resulting to higher inventory at the end of the quarter.
OUTLOOK
Global oilseed production has been distorted by extreme dry weather in South America and other parts of the world. Supply has been very tight so far and we foresee that this will continue for the rest of the year. Accordingly, tightness in global vegetable oil supply will also continue.
As COVID-19 vaccination is progressing worldwide, we are optimistic that demand for vegetable oils will remain strong both in the food and energy sectors. We remain vigilant and continue to monitor the development of the COVID-19 pandemic in major consuming countries. Nonetheless, the industry and its supply chains have learned from the lockdowns implemented last year and are better equipped in managing these issues.
Consumers are increasingly looking for healthier and responsibly sourced products to meet their food and energy demands. Palm oil?s competitive attributes make GAR well-positioned to benefit from this trend.
No no no. I actually in Sembmarine too, got 200k free, bought another 200k at around 14c. So, average for 400k around 7 c. My holding for this is going to be super long, something like grandchildren-centric long. I have not sold any except for some odd lots. Now taking a breather because no signal fr Black Market yet, but it will be very very soon, I am told.
now back to Golden Palm Tree. Now back into the 285 territory after some people taking profits or trying to short it down. To the latter I have to warn you, you are playing a very dangerous game
No need for me to sell too much. The price at the moment itself is a very good signal
now back to Golden Palm Tree. Now back into the 285 territory after some people taking profits or trying to short it down. To the latter I have to warn you, you are playing a very dangerous game
No need for me to sell too much. The price at the moment itself is a very good signal
alwayshopeful ( Date: 12-May-2021 13:32) Posted:
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Long NOW to enjoy...
Long both golden and Sembcorp marine.... to enjoy...
You smart.
Many went to buy Semb Marine instead.
Both prices similar then.
Many went to buy Semb Marine instead.
Both prices similar then.
Lobster ( Date: 12-May-2021 13:01) Posted:
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