$GOLDEN AGRI-RESOURCES LTD(E5H.SI)$everyone watch out for this big move coming soon.Palm oil price continues to rise after the ban was lifted speaks for itself that the world demands for vegetable oil more then supply as long as the war in bet Russia/Ukraine continues. Furthermore such commodity is a good hedge in high inflation n rising Interest rate environment. Golden Agri will benefit from such time as these.
Strong Uptrend in Golden Agri-Res / Footprints of Smart Money
https://www.youtube.com/watch?v=Bw2otezaONw
Futhermore it will also initiate a share buyback programme to further reward our shareholders, allocating up to US$100 million for year 2022. The share buyback will be conducted based on authority and limits under the Share Purchase Mandate authorised.
The worldwide demands for palm oil continues to push its future aboveMYR/T 6,500.
Palm Oil (MYR/T) 6533.00 +150.00 (+2.35%) -- https://tradingeconomics.com/commodity/palm-oil . There is every good for Golden Agri to go above 32c with increases in dividend since last year. The global palm oil market size was valued at USD 63.7 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.1% in terms of revenue from 2022 to 2030. The market is driven by exponentially growing demand from the food, beverage, biofuel, energy, personal care, and cosmetics industries.
Comments