Is this the end of the road for Golden Agri share price? The only predictability about Indonesian palm oil plantation company is its unpredictability. In December 2019, many analysts (including myself) predicted that Golden Agri share price would be doomed after the stock was removed from the prestigious Straits Times Index (STI). But the company ended FY2019 on a high note after delivering a surprising result which saw the company clocking USD194 million of net profit.
Entering FY2020, Golden Agri share price plunged to a low of $0.13 on 23 March 2020 due to the devastating fallout from COVID-19. Since then, Golden Agri share price had not been able to shake the blues. For the past four months, the stock had been languishing around the $0.13 to $0.15 price range. Make no mistake, no winter