Golden Agri-Resources Ltd (E5H)

Share Price when postedShort Term ViewLong Term ViewCurrent Share Price
0.4TA Bullish biased if can hold 0.4Commodity is cyclical hence it would be dependent on Palm Oil pricesSGX:E5H: (%)

 

Golden Agri-Resources (GAR) is one of the largest palm oil plantation companies in the world. The plantations are located in Indonesia and GAR manages more than 480,000 hectares of palm oil plantations (including smallholder farmers).

GAR’s primary activities include cultivating and harvesting of oil palm trees; processing of fresh fruit bunch (FFB) into crude palm oil (CPO) and palm kernel; refining CPO into value-added products such as cooking oil, margarine and shortening; as well as merchandising palm products throughout the world.

 

We can see from GAR’s Past year’s EBITDA (Earnings before Interest Tax Depreciation & Amortization) that 2015 was the company’s lowest point.

 

 

 

 

 

 

 

 

 

 

 

 

 

Now lets take a look at its Chart from 2015. 

Technical Analysis:

  1. From TA, lowest point was SGD 0.28 at 2015 (coincides with lowest EBIDTA in 2015.
  2. We can see that GAR have been recovering post 2015.
  3. As of last Friday, GAR’s share price is 0.4  and it have just broken a strong resistance point with large volume.
  4. Should the price be able to hold on Monday (13 Nov 17), there would be probability for GAR to go up is high (next immediate resistance point 0.45)

 

 

Below is GAR’s past years financials for easy reference (source: SGX website)