Bumitama Agri

Gross profit margin was up 18.2 percentage points y-o-y to 25.3%.

UOB Kay Hian has maintained its “market weight” recommendation on the Singapore plantation sector upon improved y-o-y earnings in 1H20, and expectations of a better 2H20.

RHB Securities, Maybank Kim Eng and DBS Group Research have maintained their “buy” recommendations on the stock.

Indonesian palm oil producer Bumitama Agri has announced that Chief Strategy Officer Johannes Tanuwijaya has stepped down from his appointment as at July 1, 2020.

SINGAPORE (May 13): Stronger crude palm oil (CPO) prices and lower unit costs have enabled Bumitama Agri’s 1Q FY20 results to exceed analyst expectations.

SINGAPORE (Dec 9): The dry weather in 3Q19 may have squeezed the earnings of Singapore-listed Bumitama Agri in recent times.

CSE Global

(Sept 16): The executive chairman and CEO of Bumitama Agri, a leading producer of palm oil and palm kernel, recently acquired 400,000 shares in the company.

SINGAPORE (Sept 16): Genting Singapore, operator of Resorts World Sentosa (RWS), has emerged the winner of the agriculture, hotels and restaurants sector. Companies in these three industries have been combined into a single sector, as there are not enough