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Bumitama Agri
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.
July 26, 2023
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.
July 14, 2023
Broker's Calls
Plantation sector earnings to decline further in 2QFY2023, analysts maintain 'neutral'
Earnings should be lifted in 2HFY2023 as productivity improves and costs moderate.
June 13, 2023
Broker's Calls
Bumitama Agri’s 1QFY2023 results within expectations, RHB trims TP to 60 cents
Bumitama Agri may deliver better earnings in 2HFY2023 compared to 1HFY2023.
May 15, 2023
Broker's Calls
Bumitama Agri's FY2022 DPS beat expectations, Maybank keeps 'buy'
Maybank expects Bumitama Agri to report weaker earnings y-o-y in FY2023, given a more normalised crude palm oil environment.
April 11, 2023
Broker's Calls
Analysts lower TPs for Bumitama Agri following disappointing end to the year
Earnings going forward will be boosted by inventory drawdowns in 1QFY2023, but higher unit costs and lower ASP could offset this.
March 03, 2023
Broker's Calls
Palm oil price has room to recover in 2023; Indonesia’s policies to continue playing a big role
The limited room for output expansion will prevent major price reversal.
January 12, 2023
Broker's Calls
CPO prices to remain relatively range bound in 2023 amid balanced supply improvements and rise in demand: RHB
Hoe continues to favour integrated players like Wilmar while also seeing value in players such as Bumitama Agri and Golden Agri.
December 15, 2022
Restructuring
Bumitama Agri proposes internal restructuring exercise
The proposed restructuring shall be conditional upon the approval from the Ministry of Law and Human Rights of Indonesia.
December 14, 2022
Broker's Calls
RHB lifts Bumitama Agri's TP to 80 cent following strong results despite export ban impact
RHB raises its estimates for FY2022 earnings by 45% and FY2023-FY2024 earnings by 10%-12%.
August 16, 2022