Analysts bullish on Bumitama Agri, expect rally of CPO prices
Add BT as a preferred source
Singapore
RHB Research has upgraded its call on Bumitama Agri to "buy" from "neutral" while raising its target price to S$0.90 from S$0.56, based on an unchanged 8 times FY2022 earnings estimates.
This comes after the Indonesian palm oil producer on Monday (Feb 28) beat the street's expectations with its FY2021 results.
TRENDING NOW
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
Frasers Property launches Dunearn House condo with prices from S$2,799 psf
