Bumitama Agri - DBS Research 2023-01-11: Productivity Advantage Over Peers

• We raise our FY22 earnings forecast for Bumitama Agri (SGX:P8Z) by 69% to account for stronger-than-expected 9M22 earnings performance. We believe Bumitama Agri will sustain its strong performance in 4Q22, as palm oil prices trend higher q-o-q in 4Q22, coupled with BAL’s stronger production volume performance.
• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• We forecast that Bumitama Agri's earnings will trend lower in 2024, in line with our long-term selling price assumption of US$700 per MT. However, overall earnings won’t trend below the 2021 level due to Bumitama Agri’s strong profitability outlook.

Maintain BUY rating on Bumitama Agri with target price of S$1.00.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2024-12-10 Bumitama Agri - Double-digit Earnings Growth On The Horizon.

Previous report by DBS:
2024-01-04 Bumitama Agri - Strong Productivity To Drive Firm Profitability Outlook.

Price targets by 2 other brokers at Bumitama Agri Target Prices.

Listing of research reports at Bumitama Agri Analyst Reports.

Relevant links:
Bumitama Agri Share Price History,
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Bumitama Agri Dividend Payout Dates & Corporate Actions,
Bumitama Agri News