SINGAPORE (Nov 13): Analysts are optimistic on Bumitama Agri, even as the Indonesian oil palm plantation operator missed consensus earnings estimates in 3Q19 ended September. Bumitama saw its 3Q19 earnings plunge 29.7% to 189.61 billion Indonesian rupiah ($18.3 million), despite revenue edging slig...

<p>THE following companies saw new developments that may affect trading of their shares on Tuesday:</p>

<p>INDONESIAN palm oil producer Bumitama Agri on Tuesday posted a 29.7 per cent decline in third-quarter net profit to 189.61 billion rupiah (S$18 million) from 269.89 billion rupiah a year ago.&nbsp;</p>

SINGAPOER (Sept 16): It was a video that went viral across the world — an evocative tale of an orang utan that ends up “moving into” a little girl’s bedroom because its home in the forest had been destroyed by oil palm plantations. Commissioned by the environmental group, Greenpeace, in co...

SINGAPORE (Aug 27): Shares in Bumitama Agri are currently trading at an all-time low at 58 cents. Year to date, the stock has fallen 14.9%. In addition, the group’s latest 2Q19 results were rather lacklustre due to weak palm oil prices and lower sales volume. Low prices of vegetable oils and high...

INDONESIAN palm oil producer Bumitama Agri’s second-quarter net profit more than halved, amid a continued weakness in palm oil prices and a fall in sales volume.

SINGAPORE (May 29): UOB Kay Hian says 1Q19 was another weak quarter of earnings for plantation companies largely due to subdued palm and palm kernel oil prices. Although companies with older palm trees reported weaker y-o-y production, most companies are guiding for higher FBB production for the re...

SINGAPORE (May 17): DBS Vickers Securities and UOB Kay Hian are maintaining their “buy” recommendations on Bumitama Agri Limited (BAL) with the respective price targets of 69 cents and 81 cents, even as the palm oil producer missed both research houses’ expectations with its latest set of qua...

BUMITAMA Agri on Tuesday posted a 52.3 per cent slide in its first-quarter net profit to 110.61 billion rupiah (S$10.5 million), from 231.77 billion rupiah a year ago, on the back of decreasing average selling prices of crude palm oil (CPO) and higher expenses.

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