Golden Agri: CIMB maintains Reduce with TP: $0.35
-Management guides 2016 FFB output could fall by 8-10% on El-Nino effects
-CIMB estimates costs could up by 11% to US$310/tonne
-Higher depreciation also drag on earnings.
- Management plans to improve FFB yields via replanting of old estates with superior yield seeds
No comments:
Post a Comment