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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SINGAPORE (Apr 22): UOB KayHian expects interest in palm oil planters such as Golden Agri-Resources, First Resources and Bumitama Agri to rebound, driven largely by a more positive view on CPO prices. Year to date, share prices in Singapore-listed plantation companies have outperformed regional pee...

SINGAPORE (Apr 8): Indonesia and Malaysia plans to boost biodiesel mandates for domestic consumption to blunt the impact from unfavourable trade barriers on palm oil. The higher mandates are expected to absorb a total biodiesel consumption of 8.7 million tonnes this year, up 35% from last. The addi...

SINGAPORE (Apr 8): Indonesia and Malaysia plans to boost biodiesel mandates for domestic consumption to blunt the impact from unfavourable trade barriers on palm oil. The higher mandates are expected to absorb a total biodiesel consumption of 8.7 million tonnes this year, up 35% from last. The addi...

SINGAPORE (Feb 28): Maybank Kim Eng and RHB Research are maintaining their “buy” and “neutral” ratings on Bumitama Agri with higher target prices of 97 cents and 67 cents, respectively. This comes after the oil palm plantation company concluded FY18 with earnings of $125 million, down 9% y-...

BUMITAMA Agri Ltd has recorded a net profit of 207.37 billion rupiah (S$20 million) for the fourth quarter ended Dec 31, 2018, down 43 per cent from 363.61 billion rupiah the year before. This was due to the weakening of the agriculture commodity prices, especially during the last quarter of...