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

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

Read also OCBC's most recent report:
2025-02-27 Bumitama Agri - A Strong Finish To The Year.

Previous report by OCBC:
2025-02-07 Bumitama Agri - Healthy Retracement.

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 Dividend Payout Dates & Corporate Actions,
Bumitama Agri News