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Bumitama Agri gets ‘buy’ from Maybank, RHB on exceptional 2Q

PC Lee
PC Lee8/15/2017 01:00 PM GMT+08  • 2 min read
Bumitama Agri gets ‘buy’ from Maybank, RHB on exceptional 2Q
SINGAPORE (Aug 15): Maybank Kim Eng and RHB are sticking to their “buy” calls on Bumitama Agri which operates oil palm plantations and mills in Indonesia.
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SINGAPORE (Aug 15): Maybank Kim Eng and RHB are sticking to their “buy” calls on Bumitama Agri which operates oil palm plantations and mills in Indonesia.

Maybank likes Bumitama Agri as least for the medium term, anticipating a 13% CAGR in its 2016-19 FFB (fresh fruit bunches) output. This is underpinned by its young tree profile of 8.7 years average.

RHB expects Bumitama Agri to register double-digit FFB growth profile over the next few years to offset the lower CPO price environment.

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