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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
Cautious on higher unit costs and lower downstream margins, analysts trim First Resources' TPs
UOBKH analysts have downgraded First Resources to “hold”, expecting 2023 earnings to be lower y-o-y.
March 03, 2023
Results
Bumitama Agri reports 424% higher earnings of $87.3 mil in 1QFY2022
The better performance was due to the elevated commodity prices.
May 12, 2022
Broker's Calls
Analysts upbeat on First Resources given high CPO price, tax advantage
Maybank Kim Eng believes First Resources will likely report stronger q-o-q earnings in 4Q20 given the recent spike in CPO price.
November 17, 2020
Results
First Resources reports 33.0% higher 3Q net profit of US$37.1 mil on higher average selling prices and higher sales volumes
For the 9MFY2020, net profit rose 40.6% y-o-y to US$80.3 million.
November 13, 2020
Results
Bumitama Agri reports 48.8% increase in 9M earnings of $59.9 mil
Gross profit margin was up 18.2 percentage points y-o-y to 25.3%.
November 10, 2020
Broker's Calls
Mixed results ahead for Malaysian plantation sector
2Q20 results for the Malaysian plantation sector are likely to be mixed as the impact from better production would be partially mitigated by lower crude palm oil prices.
July 24, 2020
Broker's Calls
Wilmar a top pick of analysts as threat of Malaysia CPO inventory glut reduces
Both RHB and DBS have a “buy” call for Wilmar with target price of $4.87 and $4.60, respectively.
July 13, 2020
Results
First Resources posts 80.9% surge in earnings to $31.4 mil for 1Q20
First Resources has reported an 80.9% surge y-o-y in its 1Q20 earnings (or net profit) to US$22.2 million (S$31.4 million) from the US$12.3 million in 1Q19.
May 22, 2020
Broker's Calls
Indonesian agri businesses get a boost as government keeps zero palm oil export levy
SINGAPORE (Sept 25): Indonesian planters have gotten a reprieve, as the government on Tuesday announced that it will not be collecting palm oil levies for the rest of this year.
September 25, 2019