On the back of lower crude palm oil (CPO) output from Malaysia in February, analysts from DBS Group Research and RHB Group Research are including Singapore plantation stocks Wilmar International, Bumitama Agri (BAL) and First Resources among their top picks. CPO stockpile fell 1.9% y-o-y and 2.0% m-...

THE recent spike in crude palm oil (CPO) prices has helped lift the top and bottom lines of CPO plays listed on the Singapore bourse. The effects, however, have not been universal. It is the smaller, pure-play counters - such as Bumitama Agri and Mewah International - that have come out tops...

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Wilmar was declared fift...

Bumitama Agri’s blunder on locking in its 1HFY2021 forward sales contracts at 20% to 25% lower than current prices – excluding taxes and levies – has caused analysts to downgrade the palm oil company. This is despite the Indonesia-based company’s stellar results for FY2020 ended Dec 31. Bumi...

RHB on Tuesday downgraded Bumitama Agri to "sell" from "buy", with a lowered target price of S$0.45 from S$0.60. Maybank Kim Eng also cut its target price to S$0.65 from S$0.78 and maintained its "buy" call on the stock.

Bumitama Agri Limited (BAL) has posted earnings of IDR685.14 billion ($64.3 million) for the 2HFY2020 ended December, 51.9% higher than earnings of IDR451.07 million in the corresponding period the year before. For the FY2020, earnings surged 64.1% to IDR1.13 trillion, from IDR686.31 million a year ...

THE following companies saw new developments that may affect trading of their securities on Monday:

INDONESIAN palm oil producer Bumitama Agri on Monday posted a 51.9 per cent rise in net profit for H2 of fiscal 2020, on the back of higher palm oil prices.

THE following companies saw new developments that may affect trading of their securities on Monday:

The upcoming rollout of Covid-19 vaccines here will accelerate the rebound of small- and mid -cap stocks (SMC) and they are expected to catch up with larger caps on attractive valuations, says DBS Group Research analyst Ling Lee Keng in a Jan 5 note.  The hospitality and retail sectors, in part...