Golden Agri kept at 'hold' by OCBC with 34 cents fair value

SINGAPORE (Nov 16): OCBC is maintaining its "hold" call on Golden Agri with a higher fair value of 34 cents as its near-term outlook remains challenging and the research house suggests investors bargain-hunt at around 30 cents or better.

Golden Agri reported 3Q15 revenue of US$1.57 billion ($2.3 billion), down 15% from a year ago, hit by lower CPO prices.