Singapore Stock Market News
Golden Agri - Going Through Growing Pains
StockFanatic
Publish date: Thu, 11 Sep 2014, 12:55 PM
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We trim our TP for Golden Agri to SGD0.57 from SGD0.64 while maintaining our BUY call on the stock. Our CPO price assumption has been reduced to MYR2,400/MYR2,500 per tonne for CY14/CY15. Golden Agri is going through a rough patch at the moment, particularly due to the negative crush margin in China. 2015 should prove to be a better year for the industry.
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