External broker reports(aggregated public sources), RHB Invest

RHB Invest

External broker reports(aggregated public sources)

RHB Investment Bank is one of the leading capital market players in Malaysia. Supported by an award-winning research team of experienced product specialists, RHB Group Investment Banking offers a full range of investment banking products and services covering primary markets, such as advisory (corporate & debt restructuring, mergers and acquisitions, takeovers), fundraising via both equity and debt instruments, and secondary markets including securities trading for both institutional and retail clients. 

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Equity Bottom-Up

<ul><li>Golden Agri-Resources (SGX:E5H)’s 1Q23 earnings are slightly below our and Street full-year estimates.</li><li>We expect earnings to improve in 2H23, on higher productivity and lower fertiliser costs.</li><li>Golden Agri-Resources's share price is trading at an attractive 6x 2023F P/E vs its peer range of 6-9x.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Golden Agri-Resources (SGX:E5H)’s 1Q23 earnings are slightly below our and Street full-year estimates.We expect earnings to improve in 2H23, on higher productivity and lower fertiliser costs.Golden Agri-Resources's share price is trading at an attractive 6x 2023F P/E vs its peer range of 6-9x.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Golden Agri Resources - A Decent 1Q23, Inexpensive Valuations; BUY