Golden Agri-Resources raised to "buy", target lifted to 53 cents by OSK DMG

Stock Name: Golden Agri-Res
Company Name: GOLDEN AGRI-RESOURCES LTD

Research House: OSK-DMG

Price Call: BUY

Target Price: 0.53

SINGAPORE (March 3): OSK DMG has upgraded Golden Agri-Resources to "buy" from "neutral", saying the palm oil producer is expected to turn in stronger earnings in the quarters ahead.

Its oilseeds business turned profitable in 4Q2014, marking the second straight quarter of improvement, while its biodiesel business could get a boost from Indonesia's plans to shore up the biodiesel sector, OSK DMG said.

"Golden Agri's earnings appear to have turned the corner, with its oilseed segment booking two straight quarters of improvement.

Golden Agri-Resources upgraded to "buy" by UOB Kay Hian

Stock Name: Golden Agri-Res
Company Name: GOLDEN AGRI-RESOURCES LTD

Research House: UOB KayHian

Price Call: BUY

Target Price: 0.48

SINGAPORE (March 2): UOB Kay Hian has upgraded Golden Agri-Resources to "buy" from "hold", citing increased potential upside to its unchanged price target of 48 cents following the stock's recent pullback.

While the palm oil producer's downstream business remains challenging, its upstream business should drive earnings this year, with fresh fruit bunch production forecast to rise 4% to 6%, according to UOB Kay Hian analyst Chan Yuan She.

Golden Agri kept at 'buy' with lower 48 cents target price by UOB Kay Hian

Stock Name: Golden Agri-Res
Company Name: GOLDEN AGRI-RESOURCES LTD

Research House: UOB KayHian

Price Call: BUY

Target Price: 0.48

SINGAPORE (Jan 16): UOB Kay Hian is cutting its target price for Golden Agri-Resources (GGR) to $0.48 from $0.50 as the palm oil producer's oilseed and refining businesses have been slowing down.

In a report released on Jan 14, UOB says GGR's oilseed business in China was hit by the slowdown and the house is expecting EBITDA losses of US$81.1 million for 2014. This was due to poor timing of soybean purchases and tough operating environment in the industry.

Golden Agri-Resources price trimmed to 48 cents by UOB Kay Hian

Stock Name: Golden Agri-Res
Company Name: GOLDEN AGRI-RESOURCES LTD

Research House: UOB KayHian

Price Call: HOLD

Target Price: 0.48

SINGAPORE (Jan 14): UOB Kay Hian has lowered its price target for Golden Agri-Resources from 50 cents to 48 cents, based on 15 times projected 2016 earnings, saying it expects moderate fresh fruit bunch (FFB) production growth and thin refining margins for the palm oil producer's downstream palm and laurics business.

"Refining margin for its downstream (business) remains thin due to stiff competition in Indonesia, and Golden Agri is likely to offer competitive pricing to gain market share," said the broking house, which has a "hold" call on the stock.

Golden Agri-Resources maintained at 'hold' with 48 cents fair value by OCBC

Stock Name: Golden Agri-Res
Company Name: GOLDEN AGRI-RESOURCES LTD

Research House: OCBC

Price Call: HOLD

Target Price: 0.48

SINGAPORE (Nov 5): OCBC Investment Research is keeping its "Hold" recommendation on Golden Agri-Resources with a fair value of 48 cents.

In a Nov 5 report by Carey Wong and Wong Teck Ching, the stock has performed as expectd and outlook for Golden Agri appears to be improving, driven by more positive newsflow, say the analysts.

One of the key news is the recovery in CPO prices, says OCBC. Currently, CPO prices are hovering around MYR2,330/ton, or about 20% above the MYR1,929 low on 29 Aug, driven by hopes that the global glut in cooking oils may soon be over.