Bumitama Agri should see stronger 4Q despite flattish quarterly guidance: Maybank
Michelle Zhu • • 2 min read
SINGAPORE (Nov 16): Maybank Kim Eng is maintaining its “buy” call on Bumitama Agri with an unchanged target price of 95 cents on an unchanged FY17 PER multiple of 14 times, its four-year mean.
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SINGAPORE (Nov 16): Maybank Kim Eng is maintaining its “buy” call on Bumitama Agri with an unchanged target price of 95 cents on an unchanged FY17 PER multiple of 14 times, its four-year mean.
This comes after the group’s 3Q17 results came in within estimates, boosted by output recovery over the quarter.
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