Bumitama Agri - OCBC Investment Research 2025-12-09: Remain Constructive From A Total Returns Perspective

• Bumitama Agri's share price corrected 13.1% on 4 Dec 2025 on no apparent news flow. Bumitama Agri tends to trade in tandem with CPO prices given its focus on pure upstream activities, and while benchmark CPO prices did moderate on that same day, the decline was neither sufficiently significant nor prolonged to warrant such a sharp share price movement, in our view.
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CPO prices: mild softening bias in 2026E.

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• Meanwhile, supply conditions have broadly improved, with Indonesia’s production outlook having been revised higher through 2H25.
• Recent rainy weather – which have impacted delivery and thus delayed revenue recognition for Bumitama Agri in 3Q25 – do not appear to have meaningfully disrupted supply, though there remains a risk of localised volatility due to inclement weather going forward.

Maintain fair value estimate of S$1.45; reiterate HOLD.

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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/.

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

Price targets by 2 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