RHB Group Research analyst Shekhar Jaiswal reiterates a barbell portfolio strategy recommendation with a mix of growth and defensive Singapore equities for 2QFY2022 amid the country’s reopening of international borders and the domestic economy.Although the reopening as well as the government’s a...

“As our CPO price assumptions are already lower than prevailing prices, we have not imputed any significant impact from the export ban on BAL’s earnings, as we expect this to be short-lived,” the analysts wrote.While the RHB analysts expect the earnings to remain robust, UOB KH analysts Jacque...

The Singapore research team at UOB Kay Hian has added AEM, Keppel Corporation (Keppel Corp) and Singapore Post (SingPost) to its alpha picks portfolio for the month of May.“We add AEM due to it being a beneficiary of Intel’s aggressive capex plans while Keppel’s inclusion stems from the large ...

Bumitama Agri Limited (BAL) has reported earnings of 873 billion rupiah ($87.3 million) for the 1QFY2022 ended March, 424% higher than earnings of 167 billion rupiah in the corresponding period the year before.Revenue for the quarter increased 69% y-o-y to 3.9 trillion rupiah.The higher figures were...

BUMITAMA Agri saw its net profit for the first quarter ended Mar 31, 2022 surge to 873 billion rupiah (S$83.4 million) from the previous year’s Q1 profit of 167 billion rupiah.

RHB Group Research analyst Hoe Lee Leng is keeping “neutral” on the plantation sector, with top picks including Wilmar International.In her April 25 note, Hoe says that Indonesia’s ban on its palm oil exports, which will start on April 28, may not necessarily have the effects it desires.The mo...

RHB Group Research analyst Shekhar Jaiswal is recommending investors have a mix of growth and defensive in their Singapore portfolio amid the current inflationary environment and the geopolitical uncertainties.“For 2Q2022, Singapore’s equity market outlook will continue to depend on how well sto...

Investors in Singapore equities should maintain a balanced portfolio in 2Q2022. Despite reopening, risks are aplenty, says RHB Group Research analyst Shekar Jaiswal.“For 2Q2022, Singapore’s equity market outlook will continue to depend on how well stocks and sectors deal with: uncertainty over t...

Russia and Ukraine are two large producers of sunflower seeds, aside from producing some small amounts of soybean and rapeseed. Together, they produced 40 million tonnes of oilseed in 2021 or 7% of total global oilseed supply. In 2022, this is forecasted to rise to 46 million tonnes or 8% of global ...

BAL’s estates are in the prime-age cycle with an average age of just 13 years old, he adds.That said, the company may face risks in the form of a reversal in the prices of CPO, where prices could decline on the back of stronger-than-expected pressure from soybean price or higher-than-expected CPO ...