Bumitama Agri

SINGAPORE (Aug 15): Maybank Kim Eng and RHB are sticking to their “buy” calls on Bumitama Agri which operates oil palm plantations and mills in Indonesia.

SINGAPORE (Aug 14): Bumitama Agri has recorded a 170.4% and 70.4% increase in 2Q17 and 1H17 earnings to IDR 337 billion ($34.4 million) and IDR 659 billion, respectively.

SINGAPORE (May 16): UOB Kay Hian, RHB and Maybank Kim Eng are maintaining their “buy” calls on Bumitama Agri for its growth prospects.

SINGAPORE (May 15): Bumitama Agri reported 1Q earnings of IDR 278.4 billion ($29.3 million), 21.4% higher than the same quarter a year ago.

SINGAPORE (March 31): RHB is upgrading Bumitama Agri to “buy” from “neutral” despite falling CPO prices ahead on strong double-digit FFB output growth over the next few years plus attractive valuations at current levels.

SINGAPORE (March 21): UOB Kay Hian believes that the benchmark FTSE Straits Times Index (STI) looks fairly valued after rising 9.9% year-to-date to sit above the brokerage’s year-end target of 3,050.

SINGAPORE (March 9): The basket of shares under Maybank Kim Eng’s coverage for the quarter ending December 2016 performed poorly, but the brokerage believes selective stock-picking can still yield decent returns this year.

SINGAPORE (Feb 27): Maybank Kim Eng is maintaining its “buy” on Bumitama Agri with 96 cents target price on its FY16 results beat and expectations of a rebound.

SINGAPORE (Feb 24): Bumitama Agri announced 4Q earnings of IDR 461.58 billion ($48.8 million), about 2.5 times of the IDR 184.67 billion a year ago on higher revenue.

SINGAPORE (Feb 22): DBS is picking growth stocks Genting Singapore, Thai Beverage, UOB, SGX, Sheng Siong, Bumitama Agri and First Resources to benefit from the expansionary Budget 2017 and expects them to offer EPS growth of between 11% to 83%.