Bumitama Agri

Results

Bumitama Agri reports 9% fall in FY18 earnings to $125 mil on forex loss and fair value changes

SINGAPORE (Feb 26): Palm oil producer Bumitama Agri reported 4Q18 and FY18 financial performance were impacted by the weakening of the agriculture commodity prices, especially in the latest quarter

Broker's Calls

An unexciting 2019 ahead for Bumitama Agri

SINGAPORE (Dec 10): RHB Research is downgrading its recommendation on Bumitama Agri to “neutral” from “buy” with a lowered target price of 60 cents from 80 cents previously.

Broker's Calls

Bumitama Agri unanimously rated 'buy' for potential undervaluation, bright outlook

SINGAPORE (Nov 13): Maybank Kim Eng, DBS Vickers Securities, RHB Research and UOB Kay Hian are maintaining their “buy” calls on Bumitama Agri with the respective price targets of 98 cents, 85 cents

Commodities

The 6 biggest SGX-listed agriculture stocks are beating global benchmarks

SINGAPORE (Sept 4): Six of the biggest agriculture-focused stocks listed on the Singapore Exchange (SGX) are beating global agriculture benchmarks so far this year, according to data from Bloomberg

Broker's Calls

This plantation growth stock is too cheap to ignore, says Maybank

SINGAPORE (Feb 28): Maybank Kim Eng says Bumitama Agri, trading at just 10 times FY18 earnings and with FY17 results coming within expectations, is one growth stock which is "too cheap to ignore".

Results

Bumitama Agri reports 21.2% drop in 4Q earnings to $35 mil

SINGAPORE (Feb 27): Bumitama Agri saw its earnings fall 21.2% to IDR 363.6 billion ($35.0 million) for the 4Q ended December, from IDR 461.6 billion a year ago.

Broker's Calls

Bumitama Agri's price target cut on lower production growth, higher taxes

SINGAPORE (Feb 21): UOB Kay Hian is maintaining its "buy" on Bumitama Agri given its young tree-age profile with high oil extraction rate (OER) that can offset low crude palm oil (CPO) average sell

Commodities

Soft exports to keep lid on CPO prices for now, says DBS

SINGAPORE (Dec 21): La Nina is making a return bringing with her above-average rainfall for planters in the coming months.

Broker's Calls

Bumitama Agri a 'buy' on double-digit FFB growth, inexpensive valuations

SINGAPORE (Dec 13): RHB is maintaining its "buy" on Bumitama Agri with 95 cents target price given its double-digit FFB growth and inexpensive valuations.

Broker's Calls

Bumitama Agri should see stronger 4Q despite flattish quarterly guidance: Maybank

SINGAPORE (Nov 16): Maybank Kim Eng is maintaining its “buy” call on Bumitama Agri with an unchanged target price of 95 cents on an unchanged FY17 PER multiple of 14 times, its four-year mean.

Be informed of the stories that matter