Home Capital Broker's Calls

Bumitama Agri kept at ‘buy’ on stronger 4Q expected

PC Lee
PC Lee11/14/2017 04:51 PM GMT+08  • 2 min read
Bumitama Agri kept at ‘buy’ on stronger 4Q expected
SINGAPORE (Nov 14): Maybank Kim Eng is keeping Bumitama Agri at “buy” with an unchanged 95 cents target price, given 3Q17 results came within its estimates.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 14): Maybank Kim Eng is keeping Bumitama Agri at “buy” with an unchanged 95 cents target price, given 3Q17 results came within its estimates.

However, 4Q17 earnings could still be stronger q-o-q as 92% of this year’s fertilising activities have been completed in 9M17.

To recap, Bumitama Agri reported 3Q17 core PATMI of IDR271 billion ($27.2 million), bringing 9M17 core PATMI to IDR826 billion, which met 70% of its full-year estimates.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.