Post Reply
221-240 of 385
chiong ah!
Merrill Lynch (Singapore) Pte Ltd and J.P. Morgan Securitie buy quite lots at 565!!!!!!!!!! huat ah!!!!!!!!!!!!! big funds is accumulate! i need to buy back to fight liao
Credit Suisse 56c
tested small lots few buyer Credit Suisse 56c
tangsookiam1947 ( Date: 17-Nov-2021 19:45) Posted:
|
enough to go higher
seems 56 buyer keep absorbing. anyone see the buyer counter parties?
https://www.theedgesingapore.com/capital/brokers-calls/rhb-raises-tp-bumitama-agri-it-benefits-inventory-drawdowns
RHB raises TP for Bumitama Agri as it benefits from inventory drawdowns
dropped due to 1 retailer from Lim Tan sold down 61k shares at 56c, maybe impatient player
ABN AMRO , UBS,Merrill Lynch testing 100 shares at 56c. good sign to trend up!
Last:0.565 
+0.01
inflation sky high, profits thru the roof
stock price having deflation
gd luck dyodd
+0.01inflation sky high, profits thru the roof
stock price having deflation
gd luck dyodd
ozone2002 ( Date: 05-Oct-2021 16:57) Posted:
|
impressive result, disappointed price action
sell on news
Chiong ah!!!
Sell on news?
tangsookiam1947 ( Date: 14-Nov-2021 18:21) Posted:
|
how would Bumitama react next week?
Joelton ( Date: 13-Nov-2021 11:47) Posted:
|
Bumitama Agri hits record Q3 net profit as palm oil price rallies
PALM oil producer Bumitama Agri has recorded 588.7 billion rupiah in net profit for the third quarter ended September, marking an all-time high as prices of the commodity boom globally.
The spike is due to a " pent-up increase" in the average selling price of Bumitama' s crude palm oil (CPO) to at an average of 10,000 rupiah per kg, the company said in its quarterly update on Friday (Nov 12).
The average selling price is 27 per cent higher than in the year-ago period, while sale volume grew 13 per cent. This lifted Q3 revenue from the key product 43 per cent to 2,679.8 billion rupiah.
Overall, Bumitama' s revenue for the first 9 months of 2021 hit 8,496.8 billion rupiah, up 40 per cent from the previous year. Besides the CPO rally, there was also a slowdown in fertiliser application amid rainfall in the last 2 months of Q3. Net profit for the 9M period is up 70 per cent to 1,072.8 billion rupiah.
Looking ahead, Bumitama is optimistic to to meet its internal growth guidance for fresh fruit bunches (FFB), which could set a new record for the year' s output. FFB harvest from both nucleus and plasma estates reached 2.7 million tonnes in the 9M period, 79 per cent of the previous record high output in 2018.
Bumitama' s management is also bullish on CPO prices remaining high. " Several industry experts have voiced that the price at current level should sustain, as tightness in global inventory is anticipated to persist due to ongoing supply disruptions as well as post-pandemic demand recovery," the company said in its update.
Singapore, 12 November 2021 &ndash Mainboard-listed Bumitama Agri Ltd. (&ldquo Bumitama&rdquo or &ldquo The Group&rdquo ) is one of the leading producers of crude palm oil (&ldquo CPO&rdquo ) and palm kernel (&ldquo PK&rdquo ) with holdings of oil palm plantations in Indonesia.
The spike in quarterly profitability was primarily attributable to pent-up increase in average selling price of our CPO as the previous price-related constraint is mostly out of the way. Bumitama recorded all time high figures in EBITDA and net profit in the third quarter 2021 (&ldquo 3Q21&rdquo ), which amounted to IDR 1,028.7 billion and IDR 588.7 billion, respectively.
During 3Q21, Bumitama sold its CPO at an average price of IDR 10,000 per kg, or 27% higher than the same period of 2020 (&ldquo 3Q20&rdquo ). Sales volume between the two periods also climbed 13%. As a result, revenue from the key product spiked to IDR 2,679.8 billion in 3Q21, or 43% higher YoY.
The Group&rsquo s revenue for the first nine months of 2021 (&ldquo 9M21&rdquo ) reached IDR 8,496.8 billion, or 40% increase versus the same period of last year. The rise was primarily attributable to higher contribution from CPO as both price and volume climbed. Fertilizer application slowed down due to rainfall during the last two months of the reported quarter. Net profit recorded in 9M21 rose higher, or 70% year on-year to reach IDR 1,072.8 billion.
The Group remains upbeat to attain this year&rsquo s internal fresh fruit bunches (&ldquo FFB&rdquo ) growth guidance, on track for record breaking output for the year as FFB harvest from both nucleus and plasma estates reached 2.7 million tons in 9M21 period, accounting for 79% of the previous record high output of 3.3 million tons in 2018.
Several industry experts have voiced that the price at current level should sustain, as tightness in global inventory is anticipated to persist due to ongoing supply disruptions as well as post-pandemic demand recovery. Bumitama management is confident that CPO price would remain at elevated levels compared to last year&rsquo s average till year end.
Could this be the start of a commodity boom cycle? Lower palm oil supplies in Malaysia and lower than expected crop production in other major vegetable oils growing regions have coincided with demand recovery as economies around the globe begin to normalize. The prices of vegetable oils have increased across the board, with palm oil and canola oil reaching all time high while soy oil hit 13-year
peak in May.
The spike in quarterly profitability was primarily attributable to pent-up increase in average selling price of our CPO as the previous price-related constraint is mostly out of the way. Bumitama recorded all time high figures in EBITDA and net profit in the third quarter 2021 (&ldquo 3Q21&rdquo ), which amounted to IDR 1,028.7 billion and IDR 588.7 billion, respectively.
During 3Q21, Bumitama sold its CPO at an average price of IDR 10,000 per kg, or 27% higher than the same period of 2020 (&ldquo 3Q20&rdquo ). Sales volume between the two periods also climbed 13%. As a result, revenue from the key product spiked to IDR 2,679.8 billion in 3Q21, or 43% higher YoY.
The Group&rsquo s revenue for the first nine months of 2021 (&ldquo 9M21&rdquo ) reached IDR 8,496.8 billion, or 40% increase versus the same period of last year. The rise was primarily attributable to higher contribution from CPO as both price and volume climbed. Fertilizer application slowed down due to rainfall during the last two months of the reported quarter. Net profit recorded in 9M21 rose higher, or 70% year on-year to reach IDR 1,072.8 billion.
The Group remains upbeat to attain this year&rsquo s internal fresh fruit bunches (&ldquo FFB&rdquo ) growth guidance, on track for record breaking output for the year as FFB harvest from both nucleus and plasma estates reached 2.7 million tons in 9M21 period, accounting for 79% of the previous record high output of 3.3 million tons in 2018.
Several industry experts have voiced that the price at current level should sustain, as tightness in global inventory is anticipated to persist due to ongoing supply disruptions as well as post-pandemic demand recovery. Bumitama management is confident that CPO price would remain at elevated levels compared to last year&rsquo s average till year end.
Could this be the start of a commodity boom cycle? Lower palm oil supplies in Malaysia and lower than expected crop production in other major vegetable oils growing regions have coincided with demand recovery as economies around the globe begin to normalize. The prices of vegetable oils have increased across the board, with palm oil and canola oil reaching all time high while soy oil hit 13-year
peak in May.
all time high share price was $1.25...(back then CPO was much lower at 2400RM.)
Now CPO price is at historical all time high.(4900 to 5000RM)...But share price is only $0.575 now...
Now CPO price is at historical all time high.(4900 to 5000RM)...But share price is only $0.575 now...
AttasBoss ( Date: 06-Nov-2021 14:51) Posted:
|
Sky is the limit
how high can the rally go?