Bumitama's FY2025 earnings beat Simadiputra's forecast and he expects the company's bottom line to ease somewhat by 6.1% to 2.6 trillion rupiah this year.
William Simadiputra of DBS Group Research has raised his target price for Bumitama Agri from $1.90 to $2.30, on expectations of better earnings this year from steady palm oil prices and a bigger production volume.
In his April 7 note, Simadiputra, who has kept his "buy" call, points out that crude palm oil prices gained 14% y-o-y in 2025 to US$1,000 per metric tonne, and he expects prices to remain at around US$950 this year.
