0258 GMT - Golden Agri-Resources' earnings are likely to weaken in 2Q, RHB Research says in a note. The palm oil plantation company's fresh-fruit-bunch output is likely to moderate, and crude palm oil prices have fallen, RHB's Singapore research team says. Although the Singapore-listed company's downstream margins are expected to improve, its sales volumes may remain lackluster, the team adds. RHB cuts its earnings forecasts for Golden Agri-Resources by 14% for 2025, 5% for 2026 and 3% for 2027, partly to reflect its lowered downstream volumes and margin estimates. It trims the stock's target price to S$0.26 from S$0.29, with an unchanged neutral rating. Shares are 2.0% higher at S$0.255. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 02, 2025 22:58 ET (02:58 GMT)
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