Bumitama Agri

SINGAPORE (Nov 4): The sector is a hodgepodge of companies involved in vastly different businesses, the result of combining three Singapore Exchange industry classifications with too few billion-dollar companies to stand on their own. A comparison of thei

SINGAPORE (Oct 26): UOB Kay Hian is maintaining its “buy” on Bumitama Agri with a target price of $1.25 on expectations of a strong pickup in production in 4Q despite a forecast 4.4% fall in FFB (Fresh palm Fruit Bunches) for 2016 from a year ago.

SINGAPORE (Oct 3): UOB Kay Hian has new conviction picks for its Alpha list for Oct, Keppel Telecommunications and Transport (Keppel T&T) and Duty Free International, both of which its analysts started coverage in Sept.

SINGAPORE (Aug 8): RHB is maintaining its “neutral” rating on Indonesian oil-palm plantation Bumitama Agri, with a revised target price of 75 cents.

SINGAPORE (Aug 5): Bumitama Agri’s earnings fell 39% to IDR 107.65 billion ($11.0 million) in the second quarter ended June 30, 2016, from IDR 176.57 billion a year ago, amid “challenging operating conditions”.

SINGAPORE (July 28): “Stocks that disappointed have been punished,” says UOB Kay Hian analyst Andrew Chow.

SINGAPORE (July 27): RHB has downgraded Bumitama Agri from a buy recommendation to a hold recommendation, after the palm oil grower posted a steep decline in production output of fresh fruit bunches (FFB) for 2Q2016.

SINGAPORE (July 22): UOB Kay Hian is reiterating its “buy” recommendation on Bumitama Agri (BAL) with a lower target price of $1.25 from $1.30 previously.

SINGAPORE (May 18): Maybank Kim Eng is retaining its “hold” recommendation on Bumitama Agri (BAL), given limited upside.