For its half year ended June, the palm oil producer reported patmi of IDR1.3b, up 48% y-o-y. Revenue in the same period was up 28% y-o-y to IDR9.7t, thanks to a 22% increase in average selling prices to IDR14,500 per kg, which more than offset a 1% dip in sales volume.
Ada Lim of OCBC Investment Research has become more bullish on Bumitama Agri following its 1HFY2025 earnings that came in better than expected.
From an earlier fair value of 97.5 cents, Lim, who has a "buy" call, now figures that this counter is worth $1.05.
