Bumitama Agri - OCBC Investment 2024-08-14: Mixed Bag Of Results With Optimistic Guidance For 2H24

• 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 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:
2025-12-09 Bumitama Agri - Remain Constructive From A Total Returns Perspective.

Previous report by OCBC:
2025-11-14 Bumitama Agri - Going From Strength To Strength.

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 Dividend Payout Dates & Corporate Actions,
Bumitama Agri News