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Bumitama Agri
Restructuring
Bumitama Agri proposes internal restructuring exercise
The proposed restructuring shall be conditional upon the approval from the Ministry of Law and Human Rights of Indonesia.
December 14, 2022
Broker's Calls
RHB lifts Bumitama Agri's TP to 80 cent following strong results despite export ban impact
RHB raises its estimates for FY2022 earnings by 45% and FY2023-FY2024 earnings by 10%-12%.
August 16, 2022
Broker's Calls
RHB revises down CPO price assumptions, lowers target prices of planters under coverage
Given expectations of volatile CPO prices, RHB is favouring Wilmar due to its integrated and diversified business model.
August 12, 2022
Broker's Calls
Indonesia's temporary export levy suspension to immediately increase domestic CPO and FFB prices: UOB KH
Indonesia had announced the temporary levy suspension from July 15 to August 31 to boost exports and increase domestic prices.
July 19, 2022
Broker's Calls
'Buy' winners of the change in Indonesia palm oil export tax structure: RHB
The Indonesian government will be imposing a new US$200 per tonne special export tax for the DMO exemption.
June 09, 2022
Broker's Calls
Uncertainties abound in the plantation sector amid tightening supply and demand of vegetable oils
A trading strategy is best for the sector in light of the volatility in CPO prices, says RHB Group Research analyst Hoe Lee Leng.
April 12, 2022
Broker's Calls
DBS says STI reaching near-term cap, reveals inflationary environment picks
Even as the optimism on the reopening of Singapore lifts the STI, it may be close to a peak, says DBS.
March 28, 2022
Broker's Calls
Wilmar will still be an outperformer in 2022, UOB KH and RHB maintains 'buy'
Wilmar’s 2022 performance will be driven by palm and sugar operations.
March 14, 2022
Broker's Calls
RHB upgrades plantation sector to 'neutral' as geopolitical risk of war becomes a reality
RHB analyst Hoe Lee Leng has a “buy” call for Wilmar and “neutral” calls for First Resources, Bumitama Agri and Golden Agri.
February 28, 2022
Broker's Calls
Disconnect between CPO and share prices to remain due to ESG concerns: RHB
The analyst kept a "buy" call for Wilmar International and a “neutral” call for the remaining three SG-listed stocks covered
February 11, 2022