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Bumitama Agri
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
DBS positive on Bumitama Agri, expects ‘meaningful selling price recovery’ in 2H21 results
DBS expects "stellar earnings" from BAL in 2HFY2021, since it has no hedging exposure.
November 08, 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
RHB favours First Resources despite sector wide ESG concerns
Shares of palm oil companies have “retreated even further” despite CPO prices having breached the RM4,000 level lately, says RHB.
August 02, 2021
Broker's Calls
Bumitama Agri's ESG goals keep it at 'buy'
Bumitama Agri's sustainability efforts are paying off and MKE is keeping a 'buy' call on the stock.
June 07, 2021
Broker's Calls
RHB stays ‘neutral’ on Bumitama after weaker than expected 1Q results
The brokerage has also retained its FY2021-FY2023 earnings forecasts for the company.
May 12, 2021
Results
Bumitama Agri posts 36% decline in earnings for 1Q21
Despite a 14.4% increase in revenue for the period, gross profit fell by 6% y-o-y to IDR507.1 mil.
May 11, 2021
Broker's Calls
Analysts downgrade Bumitama on forward sales contract blunder
RHB says Bumitama would be selling CPO at close to cash-cost levels for January and February 2021 given the current tax structure.
February 24, 2021
Broker's Calls
Bumitama Agri’s earnings rebound not priced in, says DBS
"We believe that it is one of the best proxies for recovery of CPO prices in the market." - William Simadiputra, Woon Bing Yong
November 12, 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