Bumitama Agri (BAL)

Broker's Calls

DBS lifts Bumitama Agri’s FY2023 earnings after 9MFY2023 earnings surpass expectations

Analyst William Simadiputra keeps his ‘buy’ call as he sees higher earnings prospects in FY2024 as well.

Results

Bumitama Agri’s 3QFY2023 net profit up by 33% y-o-y at IDR874 bil

9MFY2023 net profit fell by 27% y-o-y to IDR2.06 trillion.
Bumitama demonstrates resilience in adversity - THE EDGE SINGAPORE

Billion Dollar Club 2023

Bumitama demonstrates resilience in adversity

Bumitama continues to explore new technologies to assist its precision agronomy initiatives.

Results

Bumitama Agri reports earnings of IDR1.19 trillion for the 1HFY2023, down 45.4% y-o-y

The group is confident that it will see better results in the 2HFY2023.
Bumitama Agri’s 1QFY2023 results within expectations, RHB trims TP to 60 cents - THE EDGE SINGAPORE

Broker's Calls

Bumitama Agri’s 1QFY2023 results within expectations, RHB trims TP to 60 cents

Bumitama Agri may deliver better earnings in 2HFY2023 compared to 1HFY2023.

Results

Bumitama Agri’s 1QFY2023 earnings down by 51% to $38.7 mil from lower ASPs

Revenue for the 1QFY2023 fell by 8% y-o-y to 3.60 trillion IDR.

Results

Bumitama Agri sees 'year of two halves' as 2HFY2022 earnings decline while FY2022 earnings surge y-o-y

As at 9.25am, shares in BAL are trading 4 cents lower or 6.2% down at 60.5 cents.

Broker's Calls

Asean small-cap could benefit from improved investor sentiment; Bumitama set to post record-high results for FY2022: RHB

Improving market sentiment, strengthening emerging market currencies and China's reopening will boost growth for some small-caps.

Restructuring

Bumitama Agri proposes internal restructuring exercise

The proposed restructuring shall be conditional upon the approval from the Ministry of Law and Human Rights of Indonesia.
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