Bumitama Agri - OCBC Investment 2023-10-20: Green Shoots

Bumitama Agri - Green Shoots

Bumitama Agri (SGX:P8Z) | SGinvestors.ioBumitama Agri (SGX:P8Z)
  • Bumitama Agri (SGX:P8Z) is a leading upstream producer of crude palm oil (CPO) and palm kernel (PK) in Indonesia. It operates a total planted area of 187k hectares (ha) across Central and West Kalimantan, as well as Riau.

Looking forward to the end of the current downtrend

  • - Read this at SGinvestors.io -
  • The average selling price of CPO also strengthened by 1% q-o-q to reach IDR11,756 per kg.
  • - Read this at SGinvestors.io -
  • Consequently, Bumitama Agri's 1H23 revenue/net profit/EBITDA was down 16%/45%/45% at IDR7,496b/IDR1,189b/ IDR2,057b respectively.

Bumitama Agri’ is well positioned to capitalise on supportive long-term industry fundamentals

  • Read more at SGinvestors.io.

Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.

Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2023-10-20

Read also OCBC's most recent report:
2024-05-14 Bumitama Agri - Where Flowers Bloom, So Does Hope.

Previous report by OCBC:
2024-04-03 Bumitama Agri - Sweltering Heat, Blistering Gains.

Price targets by other brokers at Bumitama Agri Target Prices.

Listing of research reports at Bumitama Agri Analyst Reports.

Relevant links:
Bumitama Agri Share Price History,
Bumitama Agri Announcements,
Bumitama Agri Dividends & Corporate Actions,
Bumitama Agri News Articles


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