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Bumitama Agri
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bumitama
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pcxiao2008
Master |
03-Dec-2024 15:17
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Waiting to break 90 then 92c😃
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ozone2002
Supreme |
20-Nov-2024 10:15
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Bumitama Agri Ltd (BAL SP) - Long &ndash Entry 0.850 Target 0.920, Stop 0.815 Shares closed at a 52-week high with a surge in volume. MACD is positive, RSI is at an overbought level. 
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Joelton
Supreme |
14-Nov-2024 13:08
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Bumitama Agri&rsquo 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
BUMITAMA Agri reported a net profit of 597.9 billion rupiah (S$51 million) for the third quarter ended Sep 30, down 31.6 per cent the year prior.
Revenue for Q3 FY2024 fell 7.6 per cent to four trillion rupiah from 4.3 trillion rupiah in the same period a year ago.
On Wednesday (Nov 13), Bumitama said its operational output has &ldquo largely gone sideways&rdquo , with low production volumes amid lagged negative effects from the successive weather extreme conditions in the past years.
Its fresh fruit bunches (FFB) production in Q3 remained muted, mainly due to lower bunch count. FFB yield for Q3 fell 25 per cent from the same quarter the year prior, and was 16 per cent lower over the nine-month period compared to the same period a year ago.
The group also recorded a fourth consecutive rise in quarterly average selling price in Q3. Average selling price of crude palm oil reached 12,735 rupiah per kg, up 18 per cent from Q3 2023.
This comes amid a tight global inventory situation, said the group. It added that palm oil inventory is expected to decline due to &ldquo lower-than-expected production persists in the first nine months in Indonesia&rdquo , as well as &ldquo policy changes in the top two producing countries&rdquo .
Within the palm kernel segment, average selling price was up 57 per cent to 7,900 rupiah per kg in Q3 2024, from 5,000 rupiah per kg in the year before.
The group&rsquo s earnings before interest, taxes, depreciation and amortisation (Ebitda) fell 34.5 per cent on the year to 1.1 trillion rupiah from 1.6 trillion rupiah in Q3 FY2023. Ebitda margin for the quarter was down to 26.7 per cent.
For the nine months ended September 2024, the group&rsquo s net profit fell 29.5 per cent on the year to 1.5 trillion rupiah. Revenue inched down 1.9 per cent year on year to 11.6 trillion rupiah.
FFB yield over the nine-month period was down to 13 tonnes per hectare (ha), from 15.4 tonnes per ha.
Ebitda fell 22.4 per cent on the year to 2.9 trillion rupiah from 3.7 trillion rupiah, while Ebitda margin declined to 24.6 per cent from 31.2 per cent the prior year.
As at end-September 2024, the group had a planted area of about 186,000 ha comprising nucleus estates covering 124,000 ha and 62,000 ha of plasma estates. The average age stood at 14 years.
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yamseng
Supreme |
13-Nov-2024 13:53
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with this report, i managed to sell all my bumitana at 835 !! money in my pocket always feel good
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Joelton
Supreme |
13-Nov-2024 10:08
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RHB upgrades Bumitama Agri to &lsquo buy&rsquo on CPO price rally
The new target price is based on a 10 times price-to-earnings multiple based on FY2025 estimates
WITH the continued run-up in crude palm oil (CPO) prices, RHB Research has upgraded its call on palm oil producer Bumitama Agri : P8Z 0% to &ldquo buy&rdquo from &ldquo neutral&rdquo with a higher target price of S$0.95 from S$0.70 previously.
The new target price is based on 10 times price-to-earnings multiple based on FY2025 estimates, which RHB noted to imply an earnings value per hectare of US$10,000 versus its peers&rsquo range of US$8,000 to US$15,000.
It incorporates a 14 to 28 per cent increase in earnings projections for FY2024 to FY2026 on the higher CPO price assumptions.
On Tuesday (Nov 12), RHB&rsquo s research team highlighted the group as a &ldquo pure planter with inexpensive valuations&rdquo .
In the team&rsquo s view, Bumitama&rsquo s valuations remain inexpensive even after its earnings upgrade, as it trades at about 7.8 times FY2025 estimates versus its peers&rsquo range of 7 to 11 times.
The stock call upgrade comes in tandem with RHB&rsquo s rating change for the plantation sector to &ldquo overweight&rdquo from &ldquo neutral&rdquo . It has also added Bumitama to its list of top picks in line with its strategy of focusing on purer planters.
This comes as the research house has raised CPO price assumptions for 2024 to 4,100 ringgit (S$1,239) per tonne, from 3,800 ringgit/tonne previously.
&ldquo We believe prices are unlikely to decline to (less than) 4,000 ringgit per tonne in the near future as geopolitical risks remain very much in play, which would also keep crude oil prices elevated and speculative forces active,&rdquo said analyst Hoe Lee Leng.
Bursa Malaysia-listed crude palm oil futures are up about 20.8 per cent this year as at Mar 4 at RM4,345 per tonne. This is the highest price CPO futures have reached in a one-year period.
Higher CPO prices, low stockpiles only a brief reprieve for regional palm oil stocks
Noting how CPO prices have risen by about 15 per cent in the past month alone, the research house attributes the run-up to the recent spike in crude oil and soybean prices the Thai government&rsquo s ban on palm oil exports till end-2024 affecting sentiment and US president-elect Donald Trump&rsquo s win.
&ldquo In the 2016 election, when Trump won, soybean and palm oil prices rallied 17 per cent and 28 per cent a few months before the election. Post-election, prices rose further, by 10 per cent and 11 per cent to a peak of US$832 per tonne and 3,306 ringgit per tonne from end-2016 to early 2017,&rdquo said Hoe.
&ldquo With CPO prices crossing 5,000 ringgit per tonne amidst a blend of fundamental and speculative factors, we believe share prices have yet to catch up and are due for a rerating,&rdquo she added.
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superstartup
Elite |
11-Nov-2024 13:02
Yells: "Enjoy doing Fundamental Research" |
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Above MYR 5,100 liao Another multi-years High again, higher and higher Futures u-turn and is now Green Malaysian palm oil futures rose to over MYR 5,100 per tonne, reaching their highest level since mid-June 2022, driven by expectations of tight supply amid persistently low production levels, particularly in Indonesia and Malaysia. Palm oil production has stagnated in recent years, primarily due to aging plantations and a moratorium on clearing new land to address deforestation concerns. In 2023, output declined further as droughts associated with El Niñ o worsened the situation. Additionally, Indonesia plans to increase the palm oil blend in biodiesel to 50% by 2028, up from the current 35%, with an interim target of 40% by 2025, further tightening supply. Compounding these issues, limited fertilizer supplies due to the war in Ukraine have increased costs for the two Southeast Asian nations. Meanwhile, the demand remains strong. In India, the world&rsquo s largest buyer, palm oil imports surged 59% mom in October, a three-month top due to strong festive demand after recent low import levels. |
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superstartup
Elite |
08-Nov-2024 12:21
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They updated the update within an hour - - - - - Malaysian palm oil futures hovered near MYR 5,000 per tonne, reaching their highest since mid-June 2022, lifted by strength in rival Dalian markets. Contracts are on track for a third straight weekly gain, up over 2.5% so far, as crude oil prices are set to log their first weekly rise in three, amid bets that a Trump-led US presidency could set stricter sanctions on some oil-producing countries. Meantime, top producer Indonesia plans to raise the palm oil blend in biodiesel to 50% by 2028, up from the current 35%, with a jump to 40% in 2025. In India, the world&rsquo s largest buyer, palm oil imports surged 59% mom in October, notching a three-month top due to strong festive demand after recent low import levels. Meanwhile, Reuters projected a fall in Malaysia&rsquo s palm oil stockpiles in Oct. for the first time in three months, driven by lower output. Near-term production is expected to stay weak due to seasonal rains. Capping the advance was caution ahead of price data from key buyer China. 26 minutes ago
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superstartup
Elite |
08-Nov-2024 11:32
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Palm Oil increased to a 28-month high of 5038.00 MYR/T. Over the past 4 weeks, Palm Oil gained 17.57%, and in the last 12 months, it increased 33.53%. 35 minutes ago |
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superstartup
Elite |
08-Nov-2024 10:59
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Nov contract now no trading volume Looking at Dec, Jan contract. Open Green again. Another multi-years High But please perform your own DD |
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superstartup
Elite |
07-Nov-2024 16:49
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Palm Oil Nov contract up again Now MYR 5,056
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superstartup
Elite |
07-Nov-2024 11:17
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Palm oil not crude oil leh Nov contract now breached MYR 5,000 |
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superstartup
Elite |
01-Nov-2024 21:24
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Nov Contract closed at Day High MYR 4,968
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superstartup
Elite |
01-Nov-2024 17:07
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Contract still going up
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superstartup
Elite |
01-Nov-2024 15:52
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Finally caught the attention of Big Financial Newsroom - - - - - November 1, 2024 at 12:48 PM GMT+8
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superstartup
Elite |
01-Nov-2024 11:58
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Nov contract hits MYR 4,900 At below quoted MYR 4,527, is already at 27-month high
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superstartup
Elite |
30-Oct-2024 18:20
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Palm Oil Futures Nov Contract closed at 4,800 MYR Another multi-years HIGH |
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superstartup
Elite |
30-Oct-2024 15:51
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Futures palm oil now over 4,700 MYR. Up again. (Yesterday read up Insider selling first resources. Maybe he need $ for whatever reason. So now just focus on Bumi instead).
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superstartup
Elite |
28-Oct-2024 12:31
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Palm Oil futures is now Green | ||||
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superstartup
Elite |
25-Oct-2024 15:10
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Blocking hard over here First resources run liao Shall see how long they block here | ||||
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superstartup
Elite |
25-Oct-2024 13:56
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Malaysia& rsquo s palm oil surge: What& rsquo s driving prices to biggest highs since 2022?By Malay Mail
Friday, 25 Oct 2024 9:40 AM MYT
KUALA LUMPUR, Oct 25 & mdash Palm oil prices in Malaysia surged to their highest levels since July 2022, with Bursa Malaysia& rsquo s third-month crude palm oil futures closing at RM4,486 per tonne on Wednesday (October 23). According to analysis by BMI, this marks a 22.6 per cent increase for the year to date and a 19.5 per cent gain compared to the same period in 2023. |
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