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Bumitama Agri
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China Star Food - The Strong Uptrend building
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msksmsks
Supreme |
16-Dec-2022 13:10
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May end up the same fate as first resources.... I down, u down too...LOL |
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msksmsks
Supreme |
16-Dec-2022 10:41
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If u think First Resources wl drop further, how wl Bumi buck the trend. Both move in tandem So i wuld assume u hv long Bumi all these while
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Tracer63
Elite |
16-Dec-2022 10:35
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Long Bumitama, not for contra | ||||
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CleanNGreen
Member |
26-Nov-2022 12:41
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https://www.youtube.com/watch?v=-B91qaS9eIcHUGE DIVIDENDS COMING : PALM OIL STOCKS ARE RISING AGAIN! |
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msksmsks
Supreme |
17-Nov-2022 15:45
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Wl you also go down in tandem. Those stuck at higher prices take care CPO down more than 4% |
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Joelton
Supreme |
17-Nov-2022 09:12
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RHB lowers forecasts for Bumitama Agri despite in-line 9MFY2022 results
The Singapore research team at RHB Group Research is keeping its &ldquo buy&rdquo call and target price of 80 cents on Bumitama Agri (BAL) after its results for the 9MFY2022 ended Sept 30 stood in line with its expectations and significantly above the street&rsquo s estimates.
In its results presentation on Nov 14, BAL&rsquo s profitability level for the nine-month period was said to be at a decade-long high despite rising cost pressures and the normalising trend in commodity prices.
In the 9MFY2022, BAL&rsquo s net profit surged by 164% y-o-y to IDR2.83 trillion ($248.67 million). Revenue for the same period increased by 48% y-o-y to IDR12.56 trillion while gross profit stood 133% higher y-o-y at IDR5.05 trillion.
Ebitda for the 9MFY2022 increased by 127% y-o-y to IDR5.03 trillion while ebitda margin increased 14 percentage points y-o-y to 40.1%.
According to BAL, its normalising crude palm oil (CPO) prices in the 3QFY2022 were supposed by &ldquo ample sales volume growth&rdquo .
BAL&rsquo s fresh fruit bunches (FFB) output reached 1.43 million tonnes in the 3QFY2022, up by 26% y-o-y.
In the 9MFY2022, BAL&rsquo s FFB grew by 13.8% y-o-y, which is largely in line with the team&rsquo s estimates.
&ldquo Management continues to expect 1H:2H output to be in the 50%:50% range. We keep our FY2022 and FY2023-FY2024 FFB growth assumptions at 14% and 5%-6%,&rdquo the team writes in its Nov 15 report.
Despite the higher financials, however, the team has lowered its forecast for the FY2022 to FY2024 by 2%-3%. &ldquo This is after imputing the latest taxes and duties applicable in Indonesia, as well as our latest in-house foreign exchange (forex) assumptions,&rdquo the team explains.
On its unchanged target price, the team adds that it has already taken into account an environmental, social and governance (ESG) discount of 8%, given its in-house ESG score of 2.6.
&ldquo The stock is now trading at 5.4x FY2023, even below -1 standard deviation (s.d.) from its five-year mean. We believe this is unwarranted,&rdquo the team writes. &ldquo Assuming the dividend payout is at the maximum 40%, FY2022&rsquo s dividend yield is also attractive, at [around] 13%.&rdquo
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msksmsks
Supreme |
16-Nov-2022 09:19
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First resources moving up buoyed by Angmoh buying. Bumi wl follow next |
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sengkang
Master |
15-Nov-2022 17:13
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Agreed. They move in tandem.
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msksmsks
Supreme |
15-Nov-2022 15:56
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The same grp of angmoh playing up and down for both FR and Bumi |
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CleanNGreen
Member |
15-Nov-2022 13:15
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msksmsks
Supreme |
15-Nov-2022 11:02
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If go back to 63 and below, then not nice liao. Look at First Resources........yesterday strong strong, today lembeh
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Tracer63
Elite |
15-Nov-2022 10:55
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Reversing soon
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Tracer63
Elite |
15-Nov-2022 10:53
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Usual booking of profit when it has already hit analyst tgt of 1.72
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msksmsks
Supreme |
15-Nov-2022 10:46
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Can' t go far if First Resources is pulling bk. Sentiment affected | ||||
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Tracer63
Elite |
15-Nov-2022 10:40
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Fire sale, load up before tutu train runs away
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Tracer63
Elite |
15-Nov-2022 10:39
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Lol... Bumitama should be trading at 80 plus cents at least | ||||
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Joelton
Supreme |
15-Nov-2022 09:08
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Bumitama Agri&rsquo s 9M net profit surges to 2.8t rupiah on higher palm oil prices
INDONESIAN palm oil producer Bumitama Agri : P8Z +2.5%saw its net profit for the first nine months of 2022 surge to 2.8 trillion rupiah (S$247.4 million), more than double its net profit of 1.1 trillion rupiah in the corresponding year-ago period.
Revenue recorded for the group&rsquo s nine months reached 12.6 trillion rupiah, up 48 per cent from the 8.5 trillion rupiah it recorded the year before. The rise in revenue was mainly attributable to the higher selling price of crude palm oil (CPO), which accounted for 86 per cent of total sales within the period, the group said in a quarterly performance update.
Average selling price (ASP) climbed 47 per cent year on year to reach 12,889 rupiah per kg for the nine months, marking the third year of successive rise in ASP for Bumitama Agri. This follows the trajectory of palm oil prices in the global markets, with supply deficit cited as the reason by industry analysts, the group said.
Its Ebitda (earnings before interest, taxes, depreciation, and amortisation) and net margins reached 40.1 per cent and 22.6 per cent &ndash a &ldquo decade high&rdquo level for the group, it said, despite rising cost pressures and the normalisation of commodity prices. Its previous peak was last recorded for its full 2012 financial year.
The group noted the &ldquo significant rise&rdquo in palm oil price in the last three years which has boosted Bumitama Agri&rsquo s financial performance, as well as its resilient production in the same period amid the &ldquo triple dip&rdquo La Nina weather phenomenon, which is expected to last till early 2023.
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CleanNGreen
Member |
14-Nov-2022 12:49
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CleanNGreen
Member |
12-Nov-2022 14:10
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Results might be out this week. :) | ||||
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CleanNGreen
Member |
04-Nov-2022 10:25
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https://finance.yahoo.com/news/trend-high-returns-bumitama-agri-224708637.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8& guce_referrer_sig=AQAAALFi5pqoQFOM2UCYzOvQ1YQgpLKyavTTb9l-7xNYiqqlGskfQkUsxGZleyNQMVpUl72KeW8jkBCgX2ZGpnRBwwUeoM-BnBn9cGLmdefdUYFQGCU2zii7n43VI1y2wf5u9BUAGt0dahyGnjgl91L4jQKvWLIWIu-ax08f4G1nxh_HThe Trend Of High Returns At Bumitama Agri (SGX:P8Z) Has Us Very InterestedIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we' d want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So when we looked at the ROCE trend of Bumitama Agri (SGX:P8Z) we really liked what we saw. Understanding Return On Capital Employed (ROCE)For those that aren' t sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Bumitama Agri: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.29 = Rp5.4t ÷ (Rp20t - Rp1.7t) (Based on the trailing twelve months to June 2022). Therefore, Bumitama Agri has an ROCE of 29%. In absolute terms that' s a great return and it' s even better than the Food industry average of 11%. Check out our latest analysis for Bumitama Agri  In the above chart we have measured Bumitama Agri' s prior ROCE against its prior performance, but the future is arguably more important. If you' d like to see what analysts are forecasting going forward, you should check out our free report for Bumitama Agri. What Does the ROCE Trend For Bumitama Agri Tell Us?We like the trends that we' re seeing from Bumitama Agri. Over the last five years, returns on capital employed have risen substantially to 29%. The amount of capital employed has increased too, by 43%. This can indicate that there' s plenty of opportunities to invest capital internally and at ever higher rates, a combination that' s common among multi-baggers. The Bottom Line On Bumitama Agri' s ROCEA company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that' s what Bumitama Agri has. Since the total return from the stock has been almost flat over the last five years, there might be an opportunity here if the valuation looks good. So researching this company further and determining whether or not these trends will continue seems justified. Bumitama Agri does come with some risks though, we found 2 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable... |
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