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Brokers' take

Published Mon, Jul 16, 2018 · 09:50 PM

Bumitama Agri | Buy Target price: S$0.93 July 16 close: S$0.65 UOB Kay Hian, July 16

BUMITAMA Agri (BAL) is likely to outperform peers in Q2 2018 with a net profit of 360 billion rupiah to 400 billion rupiah (S$34.1 million to S$38 million), better quarter-on-quarter and year-on-year on the back of stronger fresh fruit bunch production.

Management has been putting in efforts to improve group fresh fruit bunch y…

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