SINGAPORE (Apr 29): Analysts at Maybank Kim Eng are optimistic that Singapore-listed Bumitama (BAL) Agri may emerge from the Covid-19 impact relatively unscathed.
According to its April 29 report, the Indonesian oil palm plantation operator reported normal operations in its plantations in a conference call with the brokerage last week.
This is due to Covid-19 prevention measures implemented since early March, local sales, manageable storage supply, and a lack of logistical issues despite the partial lockdown in Indonesia so far.
