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Bumitama Agri has young trees, production pickup in its favour

Broker's Calls

Bumitama Agri has young trees, production pickup in its favour

PC Lee Published on Wed, Oct 26, 2016 / 11:56 AM GMT+8

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SINGAPORE (Oct 26): UOB Kay Hian is maintaining its “buy” on Bumitama Agri with a target price of $1.25 on expectations of a strong pickup in production in 4Q despite a forecast 4.4% fall in FFB (Fresh palm Fruit Bunches) for 2016 from a year ago.

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