bumitama agri
Bumitama Agri’s 9M profit rises 29% with record rainfall in Central Kalimantan
Crude palm oil accounts for 84% of its sales, with the remainder from palm kernel
SGX-listed plantation firms ride output gains, lure with dividends
While analysts expect the strong streak to continue, downside risks to crude palm oil prices in H2 remain
Bumitama Agri H1 net profit up 47.8% at 1.27 trillion rupiah on higher revenue
An interim cash dividend of S$0.0363 per share was declared for the six months
Jakarta’s land crackdown clouds outlook for Singapore-listed plantation firms
Companies tight-lipped on impact after Indonesian authorities confiscate 2 million out of a targeted 3 million hectares of reportedly illegally run plantations
Bumitama Agri Q1 profit rises 51% to 495.9 billion rupiah
Higher commodity prices and rising production drive revenue up 19% at 4.6 trillion rupiah
Crude palm oil prices to stay robust on inventory crunch, but may not lift all SGX agri counters
Higher CPO prices are set to persist; analysts expect Bumitama Agri, First Resources to get a boost
Bumitama Agri’s H2 profit climbs 13.5% to 1.43 trillion rupiah
This translates to earnings per share of 825 rupiah for H2 2024, up from 727 rupiah in the year-ago period
Bumitama Agri’s Q3 net profit falls 31.6% to 597.9 billion rupiah
Revenue is down 7.6 per cent on the year at four trillion rupiah
Brokers’ take: RHB upgrades Bumitama Agri to ‘buy’ on CPO price rally
The new target price is based on a 10 times price-to-earnings multiple based on FY2025 estimates
SGX-listed agri-commodity players post resilient earnings despite dent from forex losses and higher rates
Analysts expect crude palm oil prices to remain firm in near term
