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Brokers' take
Published Tue, Mar 1, 2016 · 09:50 PM
Golden Agri-Resources | Buy
March 1 close: S$0.37
Target price: S$0.44
UOB Kay Hian Research, March 1
Golden Agri-Resources reported a core net profit of US$50.9 million (+10 per cent year-on-year, -17 per cent quarter-on-quarter) in Q4 FY15 and US$221.4 million (flat year-on-year) in 2015. Results were within our expectation. Weakness was seen in upstream operations due to weaker crud…
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