- Bumitama Agri (SGX:P8Z) is increasingly being seen by the market as a dividend yield play, with Refinitiv consensus expecting it to offer a 12-month forward dividend yield of 6.4% at the time of writing.
Malaysia CPO prices have surged 7.9% to MYR5,287 over the past five trading sessions
- - Read this at SGinvestors.io -
- In Indonesia, key palm oil areas in Sumatra and Kalimantan have recorded surplus rainfall. Landslides and power outages have also impacted related infrastructure and logistics, raising concerns over supply.
- - Read this at SGinvestors.io -
- All things considered, CPO prices are expected to remain elevated, at least in the near term.
Increase fair value estimate to S$0.915
- 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/ 2024-12-05
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
