*Official* Golden Agri-Resources

[Keverus]

OCBC's call: SELL, TP 35 cents.

Moody downgrade from stable to negative.

Last results announcement-84% fall in profit.

40 cents psychological barrier broken.

strong support seems to be holding at 375/380.

 

[Shion]

 

[Keverus]

so from the chart, what do you conclude, mrclubbie?

 

[Shion]

so from the chart, what do you conclude, mrclubbie?

My conclusion quite speaking of the obvious...

Other than the 2 splits, the prices hit the highs of around 0.80 some years back

Subsequently, it is a gradual downwards moving.

There is no golden years...

 

[zuoom]

Bye bye golden.

 

[MrSinkie95]

no more gold liao...

 

[OngHuatHuat]

Almost all Commodities counters are like that.

Look at olam, Noble, Wilmar.... Not doing well.

 

[JustTrade]

They have not returned to their glorious day ever since 2012...

 

[lolita_5]

it's over since a year ago, no signs of reversal

 

[Keverus]

somehow this counter, held by BB, continued to stay above 30 cents.

today chiong somemore wor...

 

[Keverus]

closed at 33 cents, up by 2 cents, over 6%

 

[winorlose]

so what's your take? EL Nino causing shortage of Palm supplies, thus Palm oil rally?

 

[Adenovirus]

somehow this counter, held by BB, continued to stay above 30 cents.

today chiong somemore wor...

wilmar also chiong today

 

[Shion]

Golden Agri's performance over coming quarters likely sluggish: BMI Research

Golden Agri's performance over coming quarters likely sluggish: BMI Research

http://www.theedgemarkets.com/sg/ar...-coming-quarters-likely-sluggish-bmi-research

SINGAPORE (Jan 28): Golden Agri’s performance in the coming quarters will likely remain sluggish as palm oil production is tipped to be slow or even register negative growth.

Meanwhile, downstream operations will continue to be hurt by lingering overcapacity, and the outlook for the company's oilseed division in China remains uncertain, BMI Research says in a note.

The brokerage has kept a “neutral” view on the company's strategy over the long term due to enduring headwinds in the refining sector and the relatively low and declining margins due to rising expenses.

As at 11.14am, the stock is up 2.94% at 35 cents.

 

[neanea]

This stock can buy?

 

[Shion]

Golden Agri-Resources likely to be one of the worst hit, says Nomura

Golden Agri-Resources likely to be one of the worst hit, says Nomura

http://www.theedgemarkets.com/sg/article/golden-agri-resources-likely-be-one-worst-hit-says-nomura

SINGAPORE (April 5): Nomura likes First Resources, Astra Agro Lestari and Genting Plantation among the plantation stocks in the Asean region.

The recommendation comes on the back of their production growth prospects and efficient cost controls, amid threats from the El Nino weather phenomena.

“Planters are benefiting from a rising crude palm oil price, but are also being hit by lower production due to El Nino,” it says.

Golden Agri-Resources stands to be one of the worst hit considering the location of estates, age profile of trees and declines in fresh fruit bunch production.

First Resources is likely to be least affected due to the location of its farms.

“We expect trading interest to continue into second quarter. However, interest is likely to fade towards third quarter with a declining crude palm oil price following the seasonal uptick in production,” says Nomura.

 

[HerbalTeaSeller]

Don't say good stuff never share. Will breakout and they just release financial result jump in profit.

http://infopub.sgx.com/FileOpen/GAR04-24-02-2017-FY2016-Results.ashx?App=Announcement&FileID=440618

Time for this gem to rise.

 

[HerbalTeaSeller]

Strangely this thread is like a vacant house

 

[edwinttt1978]

Don't say good stuff never share. Will breakout and they just release financial result jump in profit.

http://infopub.sgx.com/FileOpen/GAR04-24-02-2017-FY2016-Results.ashx?App=Announcement&FileID=440618

Time for this gem to rise.

Yes, it should breakout to 45c, followed by 50c.

Good stuff should be shared only after taking vested positions.

 

[Mancunian2]

breakout, but on the downside
down to 37.5 cts now