SD Guthrie Poised for Sequentially Stronger 3Q Earnings -- Market Talk

Dow Jones

2024-11-20

0302 GMT - SD Guthrie's 3Q earnings look poised to improve from 2Q's, UOB Kay Hian analyst Lester Siew writes in a note. The palm oil producer's earnings could be supported by 4.3% on quarter growth for fresh fruit bunch output, in line with seasonality trends, the analyst says. Earnings may also be driven by higher average selling prices, which are mainly due to higher palm kernel prices, he adds. UOB Kay Hian maintains the stock's hold rating and target price of MYR4.75. Shares are last 0.2% higher at MYR4.90.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

November 19, 2024 22:02 ET (03:02 GMT)

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Shares are last 0.2% higher at MYR4.90.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 19, 2024 22:02 ET (03:02 GMT)\n</p>\n<p>\n  Copyright (c) 2024 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":"SD","symbol_name":"SandRidge Energy","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484136266","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484136266","pubTimestamp":1732071720,"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":"0302 GMT - SD Guthrie's 3Q earnings look poised to improve from 2Q's, UOB Kay Hian analyst Lester Siew writes in a note. The palm oil producer's earnings could be supported by 4.3% on quarter growth for fresh fruit bunch output, in line with seasonality trends, the analyst says. Earnings may also be driven by higher average selling prices, which are mainly due to higher palm kernel prices, he adds. UOB Kay Hian maintains the stock's hold rating and target price of MYR4.75. Shares are last 0.2% higher at MYR4.90.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SD":"SandRidge Energy"},"translate_title":"SD Guthrie第三季度盈利有望环比强劲——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SD":1},"content_text":"0302 GMT - SD Guthrie's 3Q earnings look poised to improve from 2Q's, UOB Kay Hian analyst Lester Siew writes in a note. The palm oil producer's earnings could be supported by 4.3% on quarter growth for fresh fruit bunch output, in line with seasonality trends, the analyst says. Earnings may also be driven by higher average selling prices, which are mainly due to higher palm kernel prices, he adds. UOB Kay Hian maintains the stock's hold rating and target price of MYR4.75. Shares are last 0.2% higher at MYR4.90.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 19, 2024 22:02 ET (03:02 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}