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Bumitama Agri (BAL)
Results
Bumitama Agri reports earnings of $116.7 mil in 2HFY2021
Shares in BAL closed at 73.5 cents on Feb 25.
February 28, 2022
Broker's Calls
RHB raises TP for Bumitama Agri as it benefits from inventory drawdowns
RHB Group Research has maintained its “neutral” rating on Bumitama Agri with a higher TP of 57 cents.
November 16, 2021
Broker's Calls
Analysts increase TPs for Bumitama following positive 1H21 results
Analysts at Maybank Kim Eng and RHB increased their TPs to 93 cents and 47 cents, respectively.
August 19, 2021
Broker's Calls
Wilmar, First Resources, Bumitama Agri among analysts' top plantation picks
RHB has maintained 'neutral' on the plantation sector and 'buy' on Wilmar while DBS has kept 'buy' on Wilmar, FR and BAL.
March 15, 2021
Results
Bumitama Agri posts 51.9% higher earnings for 2H20 of $64.3 mil on higher revenue, fair value changes
For the FY2020, earnings surged 64.1% to IDR1.13 trillion, from IDR686.31 million a year ago.
February 22, 2021
Agriculture / Hotels / Restaurants
Green shoots emerging from the ashes of Covid-19 in palm oil sector
While plantation stocks are typically strongly correlated with CPO, only Wilmar International’s share price has a meaningful gain.
December 18, 2020
Results
Bumitama Agri reports 48.8% increase in 9M earnings of $59.9 mil
Gross profit margin was up 18.2 percentage points y-o-y to 25.3%.
November 10, 2020
Broker's Calls
Plantation stocks good value amid crude palm oil rally, says RHB Research
Earnings are likely to be stronger y-o-y in 2020 and 2021 assuming a higher CPO price of MYR2500/tonne.
July 28, 2020
Broker's Calls
Malaysia’s zero export duty tax bodes well for First Resources, Golden Agri; but not Bumitama: RHB
The reduction of Malaysia’s export duty on crude palm oil (CPO) to zero in June from 4.5% in May has a contrasting impact on several Singapore-listed and Indonesia-based palm oil companies.
June 26, 2020
Investing ideas
Wilmar's China consumer sales steady throughout lockdown
Wilmar leads the pack following a good 1Q20 start for palm oil, but Golden Agri Resources falls back into the red.
May 22, 2020