Bumitama Agri (BAL)

Bumitama Agri, Valuetronics and Genting Singapore are among the stocks to watch this week.

However, analysts are also cutting their FY2020 and FY2021 earnings estimates by between 6% and 18%.

SINGAPORE (Dec 10): The storm looks to have blown over for palm oil players.

SINGAPORE (Nov 13): Analysts are optimistic on Bumitama Agri, even as the Indonesian oil palm plantation operator missed consensus earnings estimates in 3Q19 ended September.

SINGAPORE (May 29): UOB Kay Hian says 1Q19 was another weak quarter of earnings for plantation companies largely due to subdued palm and palm kernel oil prices.

SINGAPORE (Apr 22): UOB KayHian expects interest in palm oil planters such as Golden Agri-Resources, First Resources and Bumitama Agri to rebound, driven largely by a more positive view on CPO prices.

SINGAPORE (Apr 8): Indonesia and Malaysia plans to boost biodiesel mandates for domestic consumption to blunt the impact from unfavourable trade barriers on palm oil.

SINGAPORE (Sept 24): In 2012, a billboard advertisement in Raffles Place for Bumitama Agri carried an eye-catching slogan: “Mum was wrong. Slow and steady doesn’t win the race.” The oil palm grower was listed on the Singapore Exchange that year, pro

SINGAPORE (May 8): RHB Securities is keeping Bumitama Agri at “buy” with a target price of 85 cents, saying it is an undervalued company with good growth prospects.

SINGAPORE (Mar 7): UOB Kay Hian is maintaining its “market weight” rating on Singapore plantation stocks.