Golden Agri Resources – RHB Invest 2022-05-13: Weak FFB Output To Start The Year

May 13, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

GOLDEN AGRI-RESOURCES LTD (SGX:E5H)

Golden Agri Resources – Weak FFB Output To Start The Year

Golden Agri-Resources’s 1Q22 earnings came in above our but in line with Street’s full-year estimates. While the current export ban will be negative for all Indonesian players, we do not expect this ban to be in place for long.
While earnings should remain relatively healthy in 2022F due to elevated CPO prices, we believe valuation is fair at the current juncture, as it is trading within its peer’s range of 5-9x 2023F P/E.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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Golden Agri Resources – RHB Invest 2022-05-13: Weak FFB Output To Start The Year

Golden Agri Resources – Weak FFB Output To Start The Year

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