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Broker's Calls
RHB upgrades Bumitama to 'buy', maintains 'neutral' on First Resources with lower TP
The analysts have raised Bumitama's FY2023 earnings estimate by 30%.
November 20, 2023
Billion Dollar Club 2023
Cortina rides luxury watch boom; Bumitama Agri ekes out higher yields
Cortina has built up a robust balance sheet, strong cash position and healthy operational cash flow
November 09, 2023
Billion Dollar Club 2023
Bumitama demonstrates resilience in adversity
Bumitama continues to explore new technologies to assist its precision agronomy initiatives.
November 09, 2023
Broker's Calls
UOBKH upgrades plantation sector to 'overweight' on share price strengthening expectations
The upgrade also factors in operating margin expansion in 2H2023 and 2024.
July 26, 2023
Broker's Calls
DBS keeps 'buy' on Bumitama Agri and First Resources amid CPO price recovery
Global palm oil price recovery in 2H2023 and 2024 will be supported by decent soybean oil price outlook.
July 14, 2023
Broker's Calls
Plantation sector earnings to decline further in 2QFY2023, analysts maintain 'neutral'
Earnings should be lifted in 2HFY2023 as productivity improves and costs moderate.
June 13, 2023
Broker's Calls
Bumitama Agri’s 1QFY2023 results within expectations, RHB trims TP to 60 cents
Bumitama Agri may deliver better earnings in 2HFY2023 compared to 1HFY2023.
May 15, 2023
Broker's Calls
Bumitama Agri's FY2022 DPS beat expectations, Maybank keeps 'buy'
Maybank expects Bumitama Agri to report weaker earnings y-o-y in FY2023, given a more normalised crude palm oil environment.
April 11, 2023
Broker's Calls
Analysts lower TPs for Bumitama Agri following disappointing end to the year
Earnings going forward will be boosted by inventory drawdowns in 1QFY2023, but higher unit costs and lower ASP could offset this.
March 03, 2023
Broker's Calls
Palm oil price has room to recover in 2023; Indonesia’s policies to continue playing a big role
The limited room for output expansion will prevent major price reversal.
January 12, 2023