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Golden Agri-Res
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GoldenAgr
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Dannkh
Master |
12-May-2022 11:19
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Based on profit trend and GAR' s dividend policy ( 30% of the underlying profit), I expect at least S$0.02 dividend for FY2022 representing more 6.8% yield at current price of 29c. Expect share buy-back soon. Dyodd
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FrancisLim
Elite |
12-May-2022 10:47
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11th May 2022, Golden Agri short sell 16.3% of the day' s volume, amounting to $2.1 million at average price of 28.5 The 1st quarter performance shows that the Co was able to take advantage of the rise in CPO price. Co' s profits have been on uptrend, and net leverage greatly reduced to 0.18 times. It is trading at very low PE 5.66 and Dividend yield 5.44 (last FS) |
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Catrade
Master |
12-May-2022 09:39
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This GAR is one of the most heavily shorted stock in SGX, hope that with this continuous improvement Q by Q results during " Crude Palm Oil" supercycle, more BBs will divert n park some of their fund into this. CPO is in great demand worldwide n hedge aginst high inflation & increasing Fed rate environment. |
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spursfan
Supreme |
12-May-2022 07:03
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Performance Update - First Quarter 2022
12 May 2022 Golden Agri-Resources Ltd ("GAR" or the "Company") got off to a good start in 2022, achieving a record first quarter performance. EBITDA reached US$372 million, a 61 percent increase year on year. Underlying profit and net profit also realised robust results of US$173 million and US$188 million, respectively. This strong performance was achieved on the back of a 32 percent year-on-year increase in revenue to over US$2.7 billion, primarily attributable to the continued appreciation of CPO market prices. During first quarter 2022, CPO market prices (FOB Belawan) increased by 49 percent compared to the same quarter last year, averaging US$1,579 per tonne....... https://links.sgx.com/1.0.0/corporate-announcements/DBNUTV4CZWUN1DDO/716862_GAR22-12-05-2022-Performance%20Update%20-1Q2022.pdf |
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CheeryVGoh
Supreme |
29-Apr-2022 23:28
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PT SMART' s result  https://links.sgx.com/1.0.0/corporate-announcements/IEWIL6930Y8V4ZX9/715439_GAR21-29-04-2022-PT%20SMART-1Q2022.pdf |
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CheeryVGoh
Supreme |
27-Apr-2022 16:31
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https://www.straitstimes.com/asia/se-asia/indonesia-may-widen-palm-oil-export-ban-if-local-demand-not-met | ||||
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Everyday
Elite |
24-Apr-2022 10:01
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JAKARTA, April 22 (Reuters) - Indonesia, the world' s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely used in products ranging from cakes to cosmetics, could raise costs for packaged food producers globally and force governments to choose between using vegetable oils in food or for biofuel. Indonesia counts for more than half of global palm oil supply. In a video broadcast, Indonesia' s President Joko Widodo said he wanted to ensure the availability of food products at home, after global food inflation soared to a record high following Russia' s invasion of major crop producer Ukraine. read more " I will monitor and evaluate the implementation of this policy so availability of cooking oil in the domestic market becomes abundant and affordable," he said. The announcement will hurt consumers in top buyer India and globally, said, Atul Chaturvedi, president of trade body the Solvent Extractors Association of India (SEA). " This move is rather unfortunate and totally unexpected," he said. Alternative vegetable oil prices spiked in response to the measure which will take effect on April 28. Soybean oil, the second most used vegetable oil, rose 4.5% to a record high of 83.21 cents per pound on the Chicago Board of Trade . Global prices of crude palm oil, which Indonesia uses for cooking oil, have surged to historic highs this year amid rising demand and weak output from top producers Indonesia and Malaysia, plus a move by Indonesia to restrict palm oil exports in January that was lifted in March. Household product and food companies including Procter & Gamble Co (PG.N), Nestle SA (NESN.S) and Unilever PLC are large purchasers of palm oil. Oreo cookie maker Mondelez International Inc (MDLZ.O) accounts for 0.5% of palm oil consumption globally, according to its website. Other countries have experimented with crop protectionism to try to keep domestic prices down. Argentina, the world' s top exporter of processed soy, briefly halted new overseas sales of soy oil and meal in mid-March before hiking the export tax rate on those products to 33% from 31%. The U.S. Department of Agriculture urged international cooperation during the war in Ukraine, rather than export bans.  Global edible oil markets have been roiled this year by Russia' s invasion of Ukraine, a move Russia calls a " special operation" to demilitarise its neighbour, which cut off shipments of sunflower oil from the region. The Black Sea accounts for 76% of world sunoil exports and commercial shipping from the region has been severely affected since Russian forces entered Ukraine in February. read more Large supplies of alternatives including soy and rapeseed oil are not readily available either, after droughts hurt the most recent crops in Argentina, Brazil and Canada. New facilities for processing soy and canola oil are expected to open in the United States and Canada respectively in coming years, as demand for plant-based biofuels grows, but ramping up production in the near term will be difficult. Industry group the Clean Fuels Alliance America said the move could hurt biofuel producers, even though U.S. biodiesel and renewable diesel producers don' t use palm oil, as supplies of all oils are tight. " Sky would be the limit for edible oil prices now. Buyers were banking on palm oil after sunoil supplies fell because of the Ukraine war," a Mumbai-based dealer at a global trading firm said. " Now they (buyers) don' t have any option as soyoil supplies are also limited." Malaysian producers say the world' s No. 2 palm oil exporter, which is facing a production shortfall due to a pandemic-induced labour shortage, is unlikely to be able to plug the gap. Indonesia has since 2018 stopped the issuance of new permits for palm oil plantations, often blamed for deforestation and destroying habitats of endangered animals such as orangutans. Palm oil industry association GAPKI said it would adhere to the policy but had reservations. " If this policy has any negative impact on the sustainability of the palm oil sector, we would ask the government to re-evaluate the policy," it said in a statement. In Indonesia, the retail price of cooking oil averages 26,436 rupiah ($1.84) per litre, up more than 40% so far this year. In some provinces across the country, the prices have nearly doubled in the past month alone, according to a price monitoring page. Demonstrations by students have taken place in several cities across Indonesia in recent days over high cooking oil prices. Indonesia' s government has set a cap of 14,000 rupiah per litre for bulk cooking oil, but Trade Ministry data showed that it was sold at more than 18,000 rupiah this month. A government investigation is underway into alleged corruption involving sought-after export permits. read more ($1 = 14,356.0000 rupiah) |
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Dannkh
Master |
21-Apr-2022 13:41
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Based on recent annual report,nta is US0.39 or abt 52c. Dividend yield @ 35c is abt 4,5% based on full year dividend. Dyodd.
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ozone2002
Supreme |
21-Apr-2022 11:39
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Singapore Technical Analysis: Genting Singapore (GENS SP) - Trading BUY Golden Agri-Resources (GGR SP) - Trading BUY 
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Catrade
Master |
30-Mar-2022 14:53
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At Media Release(1st Mar22), GAR had initiated n allocated massy amount of US$100m(S$135.4m) for share buy back. This is good new for investors but fear to the shortists. Till date GAR only abt S$3.13m were used to buy 10.4m shares at 30c/pc. With Palm oil price persistently staying around M$6,000/Ton, investors can look forwards to a good set of Q1 result. |
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Dannkh
Master |
29-Mar-2022 09:24
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Today Sgx lending pool has 39m shares to lend ( not including lending pools from broking houses custodian holdings). Algo traders will program tradings trying to make half cent by shorting in the absence of good news. Seems good support at 30c/30.5c. Current dividend yield is above 3%.
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Catrade
Master |
29-Mar-2022 00:56
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13,217,700 Golden Agri shares was shorted today 30.7c each. Despite spending about $4.1M shorting this Golden Agri still holding very well n closed at 30.5c. It looks like someone desperately trying suppress its price. Last Friday(25th Mar) before trading started at 9am, SGX already shown 400lots done at 31.5c which was 1c above the previous day(24th Mar). Something interesting maybe coming .... |
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Dannkh
Master |
25-Mar-2022 16:44
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Too many shares. Sgx lending pool has 30+m shares. As such shortists are still active if there is no good news or Bb in play. Look like accumulation stage. If can break 33c, the upside objective is abt 44c. Dyodd.
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ysh2006
Supreme |
25-Mar-2022 16:25
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Seem price want to breakout but lack of strength....if can clear 32c will be better...
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s100125
Elite |
18-Mar-2022 09:36
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Indonesia hikes palm oil export levy to maximum $375 per tonne | ||||
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PingPongBall
Member |
16-Mar-2022 19:24
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Wonder how much they have spent on share buying back. There seems to be no effect so far hehe.... | ||||
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PingPongBall
Member |
14-Mar-2022 23:11
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The last few trading days seemed very weak. Wonder what happens to their share buyback programme - does not seem to be much going on. Puctured already? | ||||
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tt_lau
Member |
13-Mar-2022 16:53
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Golden Agri Price to book ratio is still low at around 0.5 compared to other Palm oil companies. Bumitama Agri for example is at around 1.3. Hopefully with the Golden Agri company share buy back plan, the gap will be close up soon. |
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PingPongBall
Member |
10-Mar-2022 10:45
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Price of CPO is certainly one importan indicator. The other equally important indicator, if not more, especially in uncertain times like these, is the Longxia' s Indon speaking coffee shop talk hehe....
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CheeryVGoh
Supreme |
09-Mar-2022 18:11
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Palm oil prices set for new record highs in coming months - analyst James Fry
09 Mar 2022 03:04PM(Updated: 09 Mar 2022 03:04PM) KUALA LUMPUR : Palm oil prices could hit a record 8,100 ringgit ($1,938) a tonne in coming months following a plunge in global edible oil stocks and a decline in export surpluses, including the impact of war in Ukraine, analyst James Fry said on Wednesday. He expected locally delivered crude palm oil prices in Malaysia to range between 6,600-8,100 ringgit a tonne until July, easing to 6,200-7,000 ringgit in the third and fourth quarters when supply builds up and demand reduces. " The cupboard is bare therefore there is no alternative to letting high prices do the job of rationing demand to balance the market," Fry, chairman of agribusiness consultancy LMC International, told an industry conference in Kuala Lumpur. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was trading around 6,622 ringgit ($1,583) a tonne on Wednesday. Key global veg & mineral oil prices in US dollars/tonne https://fingfx.thomsonreuters.com/gfx/ce/movandodnpa/GlobalOilsMar2022.png Prices have risen 38per cent so far this year. Fry said as much as 60per cent of Black Sea sunflower oil exports, or 8 million tonnes, would be delayed following Russia' s invastion of Ukraine. " A month ago we expected Black Sea sun oil exports to grow well over 2 million tonnes to 13.5 million in 2021/22. Now the question is how much will be lost due to the invasion," he said. (Reporting by Mei Mei Chu Editing by Richard Pullin) Source: Reuters
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