- Bumitama Agri's share price upside turns more limited following a 21% year-to-date rally (as at 13 Aug 2024) and lower fair value estimate of S$0.77; however, we still like the stock from a total returns perspective.
Bumitama Agri’s 1H24 revenue grew 1.4% y-o-y to IDR7.6t, in line with our expectations
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Meanwhile, PK revenue surged 15% y-o-y to IDR703b, supported by both a 4% improvement in sales volume and 11% jump in ASP to IDR6,200 per kg.
Bottom-line missed on slower-than-expected margin recovery in 2Q24
- 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/ 2024-08-14
Read also OCBC's most recent report:
2024-12-05 Bumitama Agri - Ending The Year On A High Note.
Previous report by OCBC:
2024-11-14 Bumitama Agri - A Longer Than Expected Winter.
Price targets by 3 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
