Bumitama Agri

SINGAPORE (Feb 21): UOB Kay Hian is maintaining its "buy" on Bumitama Agri given its young tree-age profile with high oil extraction rate (OER) that can offset low crude palm oil (CPO) average selling price.

SINGAPORE (Dec 21): La Nina is making a return bringing with her above-average rainfall for planters in the coming months.

SINGAPORE (Dec 13): RHB is maintaining its "buy" on Bumitama Agri with 95 cents target price given its double-digit FFB growth and inexpensive valuations.

SINGAPORE (Nov 16): Maybank Kim Eng is maintaining its “buy” call on Bumitama Agri with an unchanged target price of 95 cents on an unchanged FY17 PER multiple of 14 times, its four-year mean.

SINGAPORE (Nov 15): RHB is maintaining its “buy” call on Bunitama Agri with a target price of 95 cents, after the group recorded strong 3Q17 results.

SINGAPORE (Nov 14): Maybank Kim Eng is keeping Bumitama Agri at “buy” with an unchanged 95 cents target price, given 3Q17 results came within its estimates.

SINGAPORE (Nov 14): Bumitama Agri saw its earnings grow 29% to IDR 266.3 billion ($26.4 million) in the 3Q ended September, from IDR 206.4 billion a year ago.

SINGAPORE (Oct 24): UOB Kay Hian is keeping Bumitama Agri at “buy” with target price of $1.03 after a visit to its estates and mill.

SINGAPORE (Sept 4): Singapore is well-positioned to serve integrated networks in the F&B manufacturing and processing industry, in addition to enabling capital formation through its stock market, according to Singapore Exchange (SGX) market strategist Geo

SINGAPORE (Aug 21): UOB KayHian is maintaining its “market weight” for Singapore plantation stocks with a “buy” call on Bumitama Agri given its young tree age profile.