- 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:
2023-11-14 Bumitama Agri - Waiting To Get Out Of The Woods.
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
