SINGAPORE (Dec 9): The dry weather in 3Q19 may have squeezed the earnings of Singapore-listed Bumitama Agri in recent times.

But the Indonesia-based plantation company is expected to do better in FY20 and FY21 as the output in fresh fruit bunches (FFB) recovers.

RHB Group Research notes that the management has adjusted its guidance to a 45:55 ratio for FFB output between 1H and 2H, compared to 43:57 previously.

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