The upcoming rollout of Covid-19 vaccines here will accelerate the rebound of small- and mid -cap stocks (SMC) and they are expected to catch up with larger caps on attractive valuations, says DBS Group Research analyst Ling Lee Keng in a Jan 5 note.  The hospitality and retail sectors, in part...

With a viable Covid-19 vaccine seemingly just around the corner, global investors are increasingly switching out of growth plays towards value stocks. Despite signs of optimism in market laggards, UOB KayHian analyst Adrian Loh urges investors to buy into blue chips with strong financials and divide...

DBS Research Group analysts William Simadiputra and Woon Bing Yong see plantation stock Bumitama Agri as a potential bargain, arguing that a positive earnings outlook for the stock has yet to have been priced in by the market. They are maintaining their “buy” call on the counter with a $0.66 tar...

Palm oil producer Bumitama Agri (BAL) has reported earnings of IDR632.14 billion ($59.9 million) for the 9MFY2020 ended Sept 30, some 48.8% up from the earnings of IDR424.86 billion posted in 9MFY2019. Total revenue for the 9MFY2020 rose 12.6% y-o-y to IDR6.08 trillion, while gross profit for the ni...

BUMITAMA Agri Ltd has announced higher revenue and net profit for the first nine months of its 2020 fiscal year from a year ago, on higher prices of palm oil.

THE following companies saw new developments that may affect trading of their shares on Tuesday:

Agribusiness players are generally positive on crude palm oil (CPO) prices for the remainder of the year with the current rally set to ease with improved supply in 1H21F, note CGS-CIMB analysts Ivy Ng and Nagulan Ravi in an Oct 29 note.  Ng and Ravi are maintaining their ‘neutral’ call on t...

UOB Kay Hian has maintained its “market weight” recommendation on the Singapore plantation sector upon improved y-o-y earnings in 1H20, and expectations of a better 2H20. UOB Kay Hian analysts Leow Huey Chuen and Jacquelyn Yeow noted the reason behind most companies’ better 1H20 earnings was d...

Bumitama Agri’s stellar results for 1H20 ended June 30 have led analysts to remain bullish on the oil palm player. RHB Securities, Maybank Kim Eng and DBS Group Research have maintained their “buy” recommendations on the stock. On August 14, Bumitama reported earnings soared 87.6% y-o-y to IDR...

Following months of weak oil prices, crude palm oil prices have rallied to present levels of MYR 2379/tonne ($772.11), with RHB Research recommending plantation stocks as value buys for the coming year. “With the markets in a liquidity-driven rally, we believe cyclical sectors like plantations cou...