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Golden Agri's Plantations are Getting Old -- Market Talk

15 Nov 2017 6:01 am

0601 GMT - CIMB is concerned about Golden Agri-Resources' unexciting output prospects, noting 47% of the plantation company's estates are more than 19 years old. That age typically signals a decline in productivity. The company itself lowered 2017 output-growth guidance earlier this week, and CIMB cuts EPS views through 2019 by 14-31%. The stock target falls 7.7% to S$0.36. Shares are up 1.3% at S$0.395 after yesterday's 2.5% slide. (saurabh.chaturvedi@wsj.com; @journosaurabh)
 

(END) Dow Jones Newswires

November 15, 2017 01:01 ET (06:01 GMT)

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