Bumitama Agri    Last:1.7    +0.16

bumitama

Crossing 0.80 today

bluetoes      ( Date: 28-Apr-2022 16:27) Posted: another 30mins, hope it cross 0.80 later

 

another 30mins, hope it cross 0.80 later

 

Bumitama refused to come down after XD, shot back up from early morning 0.715, got chance to cross 0.80

 

Shortists nightmare started with YZJ, then Bumitama. Will it happen to Samudera and Golden Energy??

sweet639      ( Date: 26-Apr-2022 07:33) Posted: KGI forcast stop loss 0.80, now look at this price Tracer63      ( Date: 26-Apr-2022 06:32) Posted: Misinformation by Indonesia causing a lot of damage to its prices. Investors losing money for no fault of theirs by such irresponsible dissemination of information. Now they say will allow key exports of palm oil, haizz.....

 

KGI forcast stop loss 0.80, now look at this price

Tracer63      ( Date: 26-Apr-2022 06:32) Posted: Misinformation by Indonesia causing a lot of damage to its prices. Investors losing money for no fault of theirs by such irresponsible dissemination of information. Now they say will allow key exports of palm oil, haizz.....

 

Misinformation by Indonesia causing a lot of damage to its prices. Investors losing money for no fault of theirs by such irresponsible dissemination of information. Now they say will allow key exports of palm oil, haizz.....

 

"Indonesia export ban will not include crude palm oil - sources"

https://www.investing.com/news/commodities-news/indonesia-export-ban-will-not-include-crude-palm-oil--sources-2809756

 

I guess this is what is called country risk.

 

Hope tomorrow doesn' t hv margine call after such heavy drops today!

 

Bumi seem to be 100% in indonesia. Read the Company financial report

 

It should settles around 0.755 to 0.765

 

Because the plantations are in Indonesia, knee jerk reaction since the gov ban the exports but palm plantations in Malaysia will reap the rewards as they they take up the slack in exports by Indonesia.

atozatoz      ( Date: 23-Apr-2022 15:12) Posted: Is their plantations in Indo or Malaysia ? Tracer63      ( Date: 23-Apr-2022 15:05) Posted: Nxt wk, Bumitama will break new high as Indonesia ban palm oil exports, driving prices even higher

 

SHould ve due to Indon banning palm oil export.

 

Wah. Why fall so much?

0.725 now.

Down about 15%.

 

Is their plantations in Indo or Malaysia ?

Tracer63      ( Date: 23-Apr-2022 15:05) Posted: Nxt wk, Bumitama will break new high as Indonesia ban palm oil exports, driving prices even higher

 

Nxt wk, Bumitama will break new high as Indonesia ban palm oil exports, driving prices even higher

 

Bumitama Agri Ltd (BAL SP): Palm oil prices on another run
  &bull BUY Entry &ndash 0.83 Target &ndash 0.88 Stop Loss &ndash 0.80
&bull Bumitama Agri Ltd is an Indonesia-based producer of crude palm oil and palm kernel with oil palm
plantations and mills located in three provinces of Indonesia, namely Central Kalimantan, West Kalimantan and Riau. Its primary business activities are cultivating and harvesting oil palm trees, processing fresh palm fruit bunches from its oil palm plantations, plasma plantations and third parties into crude palm oil and palm kernel, and selling crude palm oil and palm kernel.
&bull Outstanding FY21 financials. Revenue rose 34.6% to IDR 12,248,630mn in FY21 while gross profit rose 36.8% to IDR 3,456,655mn. Gross profit margin improved marginally by 0.4ppts to 28.2% in FY21, compared to 27.8% in FY20. Overall bottom-line grew 53.4% to IDR 2,089,377mn in FY21.
&bull Russian-Ukraine war a push to commodity prices. Against an already turbulent backdrop of global inflationary pressures amid rising food and energy prices and disrupted supply chains
  following the coronavirus pandemic, the war between Russia and Ukraine is exacerbating supply and demand tensions, damaging consumer sentiment and is threatening global economic growth. Palm oil prices spiked to slightly above $8000 in the beginning of March 2022 and even though prices have corrected, they remain well above 2021 levels.
&bull Recent catalyst of palm oil prices. Cargill Inc., one of the world&rsquo s biggest agricultural traders, stopped buying palm oil products from Sime Darby Plantation Bhd. after the U.S. said it found indicators of forced labour in the Malaysian grower.
&bull Cargill has suspended all new sourcing of palm oil and derivative products from Sime Darby since Feb. 25, the world&rsquo s biggest oil palm planter by acreage said in an emailed response to questions. Positive consensus estimates. Bumitama Agri currently has a positive consensus estimate of 4 BUYS, 0 HOLD and 0 SELL, with a 12M TP of S$0.93.

ozone2002      ( Date: 22-Apr-2022 15:10) Posted: KGI Research Bumitama Agri Ltd (BAL SP): Palm oil prices on another run BUY Entry &ndash 0.83 Target &ndash 0.88 Stop Loss &ndash 0.80

 

Nice chart

 

KGI Research
Bumitama Agri Ltd (BAL SP): Palm oil prices on another run
BUY Entry &ndash 0.83 Target &ndash 0.88 Stop Loss &ndash 0.80

 

Avoid Indo management

tangsookiam1947      ( Date: 19-Feb-2022 22:42) Posted: --- Post Removed by User ---