Golden Agri

Golden Agri: A key feature in The Edge this week. Tip that production Vols to rise further and further price weakness could be buying opportunity. Grp currently trades at only 4.1x earnings vs Indoagri at 9.5x. Goldman Sachs believes mkt is overly conservative on earnings, and ddd that better entry levels for plantation stocks in general could emerge in 3Q11 which is when CPO production is seasonally close to is peaks, and prices may then be at their lowest.