Watch out for Omicron, as the new Covid-19 variant is set to exert short-term pressure on reopening names in travel and hospitality, along with office and retail segments, say DBS Group Research analysts Paul Yong and Yeo Kee Yan. “In the short-term, we can expect news flow on travel restrictions ...

RHB Group Research has maintained its “neutral” rating on Bumitama Agri (BAL) with a higher target price of 57 cents from the previous 47 cents, representing a 2% upside with 5.5% yield. In a Nov 15 note, the analysts point out that BAL’s 9M21 results have exceeded their expectations, coming f...

PALM oil producer Bumitama Agri has recorded 588.7 billion rupiah in net profit for the third quarter ended September, marking an all-time high as prices of the commodity boom globally.

Although fundamentals still point to moderating prices in 2022, the risk of La Niña in 4Q21 and 1Q22 could keep prices higher for longer, says RHB Group Research analyst Hoe Lee Leng. She maintains “underweight” on the plantation sector, with a “neutral” recommendation on three out of four ...

DBS Group Research analyst William Simadiputra has maintained his “buy” rating and target price of 70 cents on Bumitama Agri (BAL). In a Nov 8 report, he is of the view that the company will post stellar earnings in 2HFY2021, mainly on the current firm crude palm oil (CPO) price. Simadiputra h...

DBS Group Research analyst William Simadiputra has downgraded his “buy” call on First Resources to “hold”, with an unchanged target price of $1.83. In a Nov 2 note, Simadiputra says First Resources’ share price performed well amid rising crude palm oil (CPO) prices. Its share price climbed...

Last year, when the Covid-19 pandemic hit Singapore, many businesses suffered. They were forced to halt their businesses for months, especially during the “circuit breaker”. But a few have emerged as beneficiaries amid the havoc, such as supermarket operators. Deemed as an essential service, sup...

Analysts at Maybank Kim Eng and RHB have increased their target prices for Bumitama Agri on the back of the plantation player’s strong 1H21 results. Maybank Kim Eng maintains its “buy” call with a higher target price of 93 cents, from its previous 65 cents. Its analyst Ong Chee Ting highlighte...

RHB Securities may downgraded the regional palm oil sector to “underweight” rating from “neutral” previously, owing to increasing environment, social and governance (ESG) concerns. And as a result, the brokerage has lowered its valuation targets and ESG scores for palm oil companies across t...

Maybank Kim Eng is keeping its "buy" call on Bumitama Agri with an unchanged target price of 65 cents, as the group can pride itself as a sustainability champion. Bumitama Agri has pledged to make its operations carbon neutral by 2030 and has also initiated many community projects to help improve th...