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541-560 of 4720
Moving up quietly and nicely..
So many idiots taking cue from the brokerage report and queuing at 0.22, creating strong resistance there which didn' t break.
Now this sh*tter stock is back to 0.2. If it drops below this threshold going to rot at the 0.1xx levels with 0.0001 ticks again zzz.
Now this sh*tter stock is back to 0.2. If it drops below this threshold going to rot at the 0.1xx levels with 0.0001 ticks again zzz.
Strong breakout from round bottom. Support at $0.21. Looking to a good run from here.
GAR GAR chiong today.
Sold at 0.199, a little too fast.
Now at 0.20 liao.
Sold at 0.199, a little too fast.
Now at 0.20 liao.
Will Golden Agri continue to outperform amid strong CPO prices, new export levy?
Jeffrey Tan Published on Thu, Mar 04, 2021 / 10:43 AM GMT+8 / Updated 3 hours ago
As Golden Agri-Resources' results for FY2020 ended Dec 31 were unexpectedly lifted by strong crude palm oil (CPO) prices and a new Indonesian export levy structure, most analysts are now turning positive on the palm oil player.
CGS-CIMB Research has upgraded its rating for the stock to & ldquo hold& rdquo from & ldquo reduce& rdquo and raised its target price to 19.9 cents from 11.7 cents previously.
The brokerage has also increased its FY2021-FY2022 earnings forecasts for the company on the back of higher CPO price forecasts of US$721-US$670 per metric tonne and improved downstream margins.
" The group expects CPO prices to be supported by the tight edible oil supply situation, which is likely to prevail in 1HFY2021," CGS-CIMB analysts Ivy Ng Lee Fang and Nagulan Ravi write in a note dated Feb 26.
RHB Securities, too, has upgraded its rating for the stock to " trading buy" from " sell" and raised its target price to 25 cents from 13 cents previously.
The brokerage has lifted its FY2020-FY2022 earnings forecasts for the company by more than eightfold, after raising and reducing its downstream margins and cost assumptions, respectively.
" We have admittedly been wrong in our expectations that Golden Agri will remain in the red, and now expect even stronger profits in FY2021 as it channels all of its CPO to downstream capacities to enjoy the tax differential," RHB' s Singapore research team writes in a Feb 26 report.
Nevertheless, OCBC Investment Research has maintained its " hold" rating for the stock albeit with a higher fair value of 21 cents.
This is despite the brokerage' s higher FFB forecast and average selling price assumption.
As at 10.41 am, Golden Agri was up 0.1 cent or 0.5% at 19.3 cents with 4.2 million shares changed hands.
UOB KH (26/02/2021) -
Hold TP : $022 (Previous 0.15)
Said results above theirs & consensus estimates.
Hold TP : $022 (Previous 0.15)
Said results above theirs & consensus estimates.
trademaster ( Date: 26-Feb-2021 17:00) Posted:
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cannot read the article
price holds steady at 190 whole day, shows resilience...
price holds steady at 190 whole day, shows resilience...
CheeryVGoh ( Date: 26-Feb-2021 16:16) Posted:
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https://research.uobkayhian.com/content_download.jsp?id=61171& h=b9315c6dec9172e5de2341c8b0a64d28
trademaster ( Date: 26-Feb-2021 14:29) Posted:
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Noted with thanks.
2 cents is very little, no wonder market reacted.
The Div yield is low.
2 cents is very little, no wonder market reacted.
The Div yield is low.
rainbowman ( Date: 26-Feb-2021 15:15) Posted:
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I think results ok, but below expectations, considering high palm oil prices.. Production volume should have been better, dividends only 2 cts. Upside is they increasing future dividends to 50%(from current 30%).
Is First Reso result bad?
Price for 1st Resouces gone down quite a bit.
Price for 1st Resouces gone down quite a bit.
Joelton ( Date: 26-Feb-2021 12:50) Posted:
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Cut all my positions.
Golden Agri-Resources post net profit of US$188.6 million in H2
GOLDEN Agri-Resources on Thursday posted a net profit of US$188.6 million (S$248.4 million) for the second half of the fiscal year ended December 2020, down 21.5 per cent from US$240.4 million in the corresponding year-ago period.
This brought the integrated palm oil producer' s FY 2020 net profit to US$31.8 million, versus a profit of US$194 million in FY 2019. To recap, Golden Agri had posted a net loss of US$156.9 million in H1 FY 2020.
The firm' s earnings before interest, tax, depreciation and amortisation (Ebitda) for the second half of the year fell 3.8 per cent year on year (yoy) to US$479.8 million from US$498.8 million.
Revenue for H2 rose 12.9 per cent to US$3.69 billion from US$3.27 billion in the corresponding period last year, due primarily to higher crude palm oil (CPO) prices. For the full year, the group' s revenue increased by 10 per cent to US$7.08 billion.
Golden Agri noted that last year, the average international CPO (FOB Belawan) price averaged at US$691 per tonne, some 32 per cent higher than the previous year.
As a result, the group' s upstream business benefited from the higher market prices in the second half of the fiscal year. Its downstream business improved in line with the logistics recovery that followed Covid-19 lockdowns in major consuming countries.
In FY 2020, revenue from the plantations and palm-oil mills segment rose 12 per cent y o y, while revenue from the palm, laurics and others segment gained 10.4 per cent.
Despite the lift in topline figures, the group said its Ebitda and net profit figures were mainly affected by a combination of foreign-exchange losses, and lower fair-value gain on financial assets in the fiscal year.
Cost of sales for H2 rose 5.3 per cent to US$2.93 billion from US$2.78 billion last year, while gross profit for the period rose 56.4 per cent to US$761.5 million.
Golden Agri' s board of directors has proposed a final dividend of 0.48 Singapore cent per ordinary share for FY 2020, compared to a final dividend of 0.58 cent in FY 2019.
The proposed dividend is payable to shareholders on May 18, and is subject to shareholder approval at the annual meeting to be held on April 28.
In its outlook statement, Golden Agri said the outlook of CPO prices remains stable due to the current low stock position globally, and production is expected to grow after a decline in 2020.
Said Golden Agri' s chief executive Franky Widjaja: " In the second half of the year, global economies started to open, with CPO market prices strongly rebounding, supported by extreme tightness in global vegetable oil supply and demand.
" Demand is expected to remain strong with recovery from the Covid-19 pandemic, including the demand from Indonesian biodiesel. However, we still need to anticipate volatility with the lingering Covid-19 pandemic.&rdquo
Golden Agri H2 net profit down 21.5% to US$188.6m
RHB on Thursday upgraded OCBC to " buy" from " neutral" , with a higher target price (TP) of S$12.50 from S$9.50 previously. At least two other research houses also raised their targets on the counter.
Maybank Kim Eng (Maybank KE), which has a " buy" call on OCBC, raised its target to S$12.74 from S$12.24.
Jefferies, which also has a " buy" call, raised its target S$12.50 from S$11.50.
RHB' s upgrade follows an upward revision of its earnings estimates for FY2021 and FY2022 by 18 per cent and 11 per cent, respectively. Its new estimates assume lower credit costs and sustained net interest margins (NIMs).
RHB is also expecting a recovery in return on equity and higher dividends ahead. " These, we believe, will support a share price rerating," it said.
OCBC' s FY2020 earnings beat the expectations of analysts at RHB, Maybank KE, Jefferies and CGS-CIMB.
Maybank KE attributed this to " lower provisions, better net interest income and a tax write-back" . It has hiked its projection for FY2021 and FY2022 earnings per share by 2 per cent each.
In its report, Maybank KE also highlighted OCBC' s Greater China advances.
" We believe OCBC stands to benefit from North Asian recovery as well as North-South trade flows. Its incoming CEO' s track record in China should also be complementary," Maybank KE said.
Helen Wong takes over from Samuel Tsien as chief executive in April 2021. Ms Wong had previously served as chief executive of HSBC in Greater China.
Jefferies, meanwhile, noted OCBC' s removal of a scrip dividend discount as a suggestion of " possible upside to dividends" .
OCBC' s common equity tier-one ratio rose to 15.2 per cent in December 2020, Jefferies said, versus an ideal range of 12.5-13.5 per cent.
In light of this, Jefferies has raised its forecast for OCBC' s FY2021 dividend to 48 Singapore cents from 41 Singapore cents. In FY2022, Jefferies expects the dividend to return to the pre-Covid level of 53 Singapore cents.
CGS-CIMB, too, revised its earnings estimates upwards - by 6.6 per cent for FY2021 and 5.5 per cent for FY2022.
But the brokerage believes OCBC' s Q4 NIM expansion will be shortlived due to stiff pricing competition.
CGS-CIMB reiterated its " add" call, with an unchanged target price of S$12.52.
Golden Agri-Resources concluded a challenging 2020 with a strong quarter Second half EBITDA reached US$480 million, an increase of 154% from the previous semester, resulting in full year EBITDA of US$669 million Better performance co
https://links.sgx.com/FileOpen/GAR03-25-02-2021-Media%20Release%20FY2020.ashx?App=Announcement& FileID=649523
https://links.sgx.com/FileOpen/GAR03-25-02-2021-Media%20Release%20FY2020.ashx?App=Announcement& FileID=649523
IOI Corp posts 66% jump in 4Q net profit amid high CPO prices
For the cumulative six-month period, IOI Corp said its net profit jumped 75% to RM633.6 million from RM362.5 million in the previous year, while revenue increased 32% to RM4.93 billion from RM3.73 billion.Despite the declining trend in crop production and labour shortage due to the government& rsquo s foreign worker freeze, the group expects its plantation segment to perform well for the remaining quarters of its financial year ending June 30, 2021, driven by expected strong CPO prices.
********************************
Hope Golden Agri also announced good results like IOI.
Watch out for this
https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html
boyboy61 ( Date: 18-Feb-2021 10:18) Posted:
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People showing interest again........
Watch ouit for Golden Agri.. Turbo engine re started.. 20 is coming
UncleBobby ( Date: 26-Jan-2021 10:54) Posted:
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