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3 reasons why Golden Agri can expect 100% earnings jump in 2017
For starters, there is a significant recovery in FFB output.
Singapore agribusiness group Golden Agri-Resources is expected to pose a 100% earnings spike in this year as fresh fruit bunch output sees significant recovery.
RHB said FFB yields is expected to post a 12% growth, which is slightly lower than the management's target of 15% to 20%.
The brokerage firm also noted that the jump will also be on the back of the continued improvement in margins in its palm and laurics division on the back of higher prices and increased cost efficiencies.
More so, consistent profits at its oilseeds division given the current higher soybean prices will boost its earnings for the year.
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