Singapore Stock Market News
Golden Agri-Resources - Another difficult quarter
StockFanatic
Publish date: Fri, 08 May 2015, 07:30 PM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
● GGR's 1Q FY2015 results could be weak due to low palm oil price, while refining margins are expected to remain weak in Indonesia, with a sizeable refining overcapacity.
● We have revised down our palm oil price assumptions to RM2,250 for CY2015, RM2,400 for CY2016 and RM2,600 for CY2017. As such, we are cutting GGR's FY15-17 earnings forecasts by 18.7- 57.4%, and its target price to S$0.40 from S$0.42.
● We maintain NEUTRAL-its share price has fallen 34% over a 12- month period and have priced in the bulk of the negative news, in our opinion. GGR's P/B valuation is now at a multi-year low but we believe that the share price will be dragged by poor sentiment on the plantation sector.
● GGR has recently re-initiated its share buy-back scheme. It has so far done two tranches this year-68.2 mn shares at S$0.416 on 27 March and 34.6 mn shares at S$0.434 on 6 April-to support its share price.
Read more » More articles on Singapore Stock Market News
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Record highs on trade, vaccine developments
Created by StockFanatic | Aug 26, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: Data help US market end week on a high note
Created by StockFanatic | Aug 24, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: And they are back, with S&P within inches of record high close
Created by StockFanatic | Aug 13, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Market Commentary: US negotiations over stimulus continue amid diplomatic tensions
Created by StockFanatic | Aug 11, 2020
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
CEO Morning Brief
Singapore Airlines Vows to Expand Capacity Despite Rising Competition
2
RHB Investment Research Reports
3
RHB Investment Research Reports
Venture Corp - Soft Demand Delaying 2H Recovery; Maintain BUY
4
5
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
