SINGAPORE (Jan 31): UOB Kay Hian is maintaining a “market weight” rating on the regional plantation sector given the lack of catalysts to drive share price performance as well as expected weak upcoming 4Q18 earnings. In a Tuesday report, analyst Leow Huey Chuen says, “Any sell-down on weak 4Q...

SINGAPORE (Dec 18): DBS Research has an “overweight” rating on the Singapore plantation sector with Bumitama Agri, First Resources (FR) and Wilmar as its top “buy” picks. “Amid the lack of significant catalysts for crude palm oil (CPO) prices to rally to above our base case forecast next ...

SINGAPORE (Dec 10): RHB Research is downgrading its recommendation on Bumitama Agri to “neutral” from “buy” with a lowered target price of 60 cents from 80 cents previously. This came on the back of possible unexciting crude palm oil (CPO) prices in 2019, while downside risks are limited fr...

SINGAPORE (Nov 13): Maybank Kim Eng, DBS Vickers Securities, RHB Research and UOB Kay Hian are maintaining their “buy” calls on Bumitama Agri with the respective price targets of 98 cents, 85 cents, 81 cents and 80 cents. All four brokerages continue to like the stock for its positive near- to ...

BUMITAMA Agri saw only a slight 1.4 per cent rise in third-quarter net profit to 269.89 billion rupiah (S$25.3 million) due to a drop in the selling prices of crude palm oil and palm kernel, the Indonesian company announced on Monday before the stock market opened.

SINGAPORE (Nov 12): Bumitama Agri announced 3Q18 earnings increased by 1.4% to IDR 270 billion ($25.3 million), compared to IDR 266.3 billion in 3Q17. This brings 9M18 earnings to IDR 889.7 billion, 7.2% higher than IDR 829.7 billion in 9M17. Revenue for the quarter dropped by 6.5% to IDR 1,919 bil...