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Bumitama Agri
Billion Dollar Club 2019
Bumitama willing to lead industry-wide sustainability efforts
SINGAPOER (Sept 16): It was a video that went viral across the world — an evocative tale of an orang utan that ends up “moving into” a little girl’s bedroom because its home in the forest had been destroyed by oil palm plantations. Commissioned b
September 13, 2019
Investing ideas
1H for Bumitama Agri was a huge miss; will 2H be better?
SINGAPORE (Aug 27): Shares in Bumitama Agri are currently trading at an all-time low at 58 cents. Year to date, the stock has fallen 14.9%.
August 27, 2019
Broker's Calls
Brokers slash estimates for Bumitama after 1Q disappointment, but say production remains strong
SINGAPORE (May 17): DBS Vickers Securities and UOB Kay Hian are maintaining their “buy” recommendations on Bumitama Agri Limited (BAL) with the respective price targets of 69 cents and 81 cents, even as the palm oil producer missed both research house
May 17, 2019
Broker's Calls
Bumitama Agri on track for a better performance in FY19, say analysts
SINGAPORE (Feb 28): Maybank Kim Eng and RHB Research are maintaining their “buy” and “neutral” ratings on Bumitama Agri with higher target prices of 97 cents and 67 cents, respectively.
February 28, 2019
Results
Bumitama Agri reports 9% fall in FY18 earnings to $125 mil on forex loss and fair value changes
SINGAPORE (Feb 26): Palm oil producer Bumitama Agri reported 4Q18 and FY18 financial performance were impacted by the weakening of the agriculture commodity prices, especially in the latest quarter.
February 26, 2019
Broker's Calls
An unexciting 2019 ahead for Bumitama Agri
SINGAPORE (Dec 10): RHB Research is downgrading its recommendation on Bumitama Agri to “neutral” from “buy” with a lowered target price of 60 cents from 80 cents previously.
December 10, 2018
Broker's Calls
Bumitama Agri unanimously rated 'buy' for potential undervaluation, bright outlook
SINGAPORE (Nov 13): Maybank Kim Eng, DBS Vickers Securities, RHB Research and UOB Kay Hian are maintaining their “buy” calls on Bumitama Agri with the respective price targets of 98 cents, 85 cents, 81 cents and 80 cents.
November 13, 2018
Commodities
The 6 biggest SGX-listed agriculture stocks are beating global benchmarks
SINGAPORE (Sept 4): Six of the biggest agriculture-focused stocks listed on the Singapore Exchange (SGX) are beating global agriculture benchmarks so far this year, according to data from Bloomberg and SGX.
September 04, 2018
Broker's Calls
This plantation growth stock is too cheap to ignore, says Maybank
SINGAPORE (Feb 28): Maybank Kim Eng says Bumitama Agri, trading at just 10 times FY18 earnings and with FY17 results coming within expectations, is one growth stock which is "too cheap to ignore".
February 28, 2018
Results
Bumitama Agri reports 21.2% drop in 4Q earnings to $35 mil
SINGAPORE (Feb 27): Bumitama Agri saw its earnings fall 21.2% to IDR 363.6 billion ($35.0 million) for the 4Q ended December, from IDR 461.6 billion a year ago.
February 27, 2018