SINGAPORE (Dec 23): For those looking to cash in on plantation stocks, it’s now or never. Crude palm oil prices are on the upswing – it climbed to a high of RM 2,665 per tonne by end November due to lower palm oil inventory. While the spike is good news for industry players, RHB Research also a...

FOR the five trading sessions spanning Dec 13 to Dec 19, the Straits Times Index (STI) gained 0.4 per cent with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging a 2.1 per cent return. This has brought the STI's 2019 total return through to Dec 19, to 8.9 per...

SINGAPORE (Dec 10): The storm looks to have blown over for palm oil players. According to DBS Group Research, average crude palm oil (CPO) prices are expected to rebound by 19% to US$596 per MT in 2020. The recovery will be driven by plateauing global palm oil supply, DBS says, alongside reasonable...

SINGAPORE (Dec 9): The dry weather in 3Q19 may have squeezed the earnings of Singapore-listed Bumitama Agri in recent times. But the Indonesia-based plantation company is expected to do better in FY20 and FY21 as the output in fresh fruit bunches (FFB) recovers. RHB Group Research notes that the ma...

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.