Golden Agri-Resources' Valuations Remains Inexpensive Relative to Peers -- Market Talk

Dow Jones05-18

0321 GMT - Golden Agri-Resources' valuation remains inexpensive relative to its peers, says the Singapore team at RHB Research in a note. The Singapore-listed oil-palm company trades at a 7.5X its estimated 2026 price-to-earnings ratio, which is on the lower end of its peers' 7X-12X range, the analysts say. This comes as the company's 1Q results were slightly lower than RHB's and consensus forecasts, they note. While Golden Agri's 2Q earnings could grow on-quarter on higher fresh-fruit bunch output and average-selling price, the team expects a lower downstream margin to marginally offset this gain. They cut their 2026-2028 earnings projections by 2.2%-5.4%. Still, RHB raises its target price to S$0.36 from S$0.35 and maintains a buy rating. Shares fall 1.5% to S$0.32.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 17, 2026 23:21 ET (03:21 GMT)

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While Golden Agri's 2Q earnings could grow on-quarter on higher fresh-fruit bunch output and average-selling price, the team expects a lower downstream margin to marginally offset this gain. They cut their 2026-2028 earnings projections by 2.2%-5.4%. Still, RHB raises its target price to S$0.36 from S$0.35 and maintains a buy rating. 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The Singapore-listed oil-palm company trades at a 7.5X its estimated 2026 price-to-earnings ratio, which is on the lower end of its peers' 7X-12X range, the analysts say. This comes as the company's 1Q results were slightly lower than RHB's and consensus forecasts, they note. While Golden Agri's 2Q earnings could grow on-quarter on higher fresh-fruit bunch output and average-selling price, the team expects a lower downstream margin to marginally offset this gain. They cut their 2026-2028 earnings projections by 2.2%-5.4%. Still, RHB raises its target price to S$0.36 from S$0.35 and maintains a buy rating. Shares fall 1.5% to S$0.32.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 17, 2026 23:21 ET (03:21 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6509","symbol_name":"食品和饮料股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2636045740","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636045740","pubTimestamp":1779074460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0321 GMT - Golden Agri-Resources' valuation remains inexpensive relative to its peers, says the Singapore team at RHB Research in a note. 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