- Bumitama Agri (SGX:P8Z) offers double-digit earnings growth, supported by a decent palm oil selling price and recovering CPO production volumes. Recovering palm oil output also bodes well for Bumitama Agri’s margin since it will result in less reliance on higher cost external fruits purchases.
Raising earnings to support valuation re-rating
- - Read this at SGinvestors.io -
- This year, despite the tumbling output, Bumitama Agri managed to churn IDR500bn in earnings, which we think demonstrates its prudent profit maximisation strategy.
- - Read this at SGinvestors.io -
Bumitama Agri could not escape weak output in 2024
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
William Simadiputra DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-12-10
Previous report by DBS:
2024-01-04 Bumitama Agri - Strong Productivity To Drive Firm Profitability Outlook.
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
