Stock Name: GoldenAgr
Company Name: GOLDEN AGRI-RESOURCES LTD
Research House: OSK
Company Name: GOLDEN AGRI-RESOURCES LTD
Research House: OSK
OSK upgrades Golden Agri-Resources (E5H.SG) to Trading Buy from Neutral, reinstates target price to $0.68 from $0.50, according to Dow Jones.
OSK says previous downgrade based on concerns plantation may be probed by authorities following allegations of false information dissemination by Greenpeace; “nothing of that sort has happened and Golden Agri has confirmed that it is not under investigation by the SGX, although the exchange asked some questions. We believe this risk has dissipated.”
Expects "very strong" 3Q10 results after 2Q10 weakness due to dry weather, as production recovering. Shares off 0.8% at $0.59.
No comments:
Post a Comment