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

Dow Jones
05/18

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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