Bumitama Agri

Bumitama posted decent start to the year on higher sales volume, OIR maintains ‘buy’ - THE EDGE SINGAPORE

Broker's Calls

Bumitama posted decent start to the year despite forex headwinds: analysts

The short-term supply appears constrained while the B40 mandate supports mid to long-term demand, the analyst says.

Results

Bumitama Agri’s 1QFY2024 net profit fell 23% y-o-y to IDR328.38 mil on the back of higher-for-longer rates

Revenue for the quarter grew 8% y-o-y to IDR3.87 trillion, driven by higher CPO sales.

Broker's Calls

OCBC raises fair value for Bumitama Agri to 78.5 cents on well-supported palm oil prices

Bumitama, with a consensus yield estimate of 6%, is increasingly seen as a yield play as well

Results

Bumitama Agri reports earnings of IDR1.26 tril for 2HFY2023, up 94.7% y-o-y

Revenue for the 2HFY2023 increased by 15.8% y–o-y to IDR7.95 trillion.
RHB upgrades Bumitama to 'buy', maintains 'neutral' on First Resources with lower TP - THE EDGE SINGAPORE

Broker's Calls

RHB upgrades Bumitama to 'buy', maintains 'neutral' on First Resources with lower TP

The analysts have raised Bumitama's FY2023 earnings estimate by 30%.
Cortina rides luxury watch boom; Bumitama Agri ekes out higher yields - THE EDGE SINGAPORE

Billion Dollar Club 2023

Cortina rides luxury watch boom; Bumitama Agri ekes out higher yields

Cortina has built up a robust balance sheet, strong cash position and healthy operational cash flow
Bumitama demonstrates resilience in adversity - THE EDGE SINGAPORE

Billion Dollar Club 2023

Bumitama demonstrates resilience in adversity

Bumitama continues to explore new technologies to assist its precision agronomy initiatives.
UOBKH upgrades plantation sector to 'overweight' on share price strengthening expectations - THE EDGE SINGAPORE

Broker's Calls

UOBKH upgrades plantation sector to 'overweight' on share price strengthening expectations

The upgrade also factors in operating margin expansion in 2H2023 and 2024.

Broker's Calls

DBS keeps 'buy' on Bumitama Agri and First Resources amid CPO price recovery

Global palm oil price recovery in 2H2023 and 2024 will be supported by decent soybean oil price outlook.
×