“Ahead of its upcoming AGM, Bumitama Agri announced a final DPS of 4.42 cents plus a special DPS of 2.13 cents to reward shareholders following its record FY2022 core PATMI of IDR3.183 trillion. Coupled with an interim DPS of 1.25 cents paid in September 2022, this brings the total FY2022 DPS to 7.8 cents,” he elaborates.
Maybank Securities analyst Ong Chee Ting has kept “buy” on Bumitama Agri (SGX:P8Z
) with a target price of 84 cents, highlighting the company's above-expectations FY2022 ended December dividends per share (DPS).
In his Apr 6 report, Ong highlights that Bumitama Agri has announced a final plus special FY2022 DPS of 6.55 cents, bringing the year’s total DPS to 7.8 cents — 22% ahead of Maybank's expectations.
