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Why scared? Once invested. Wait for the CEO there to do their jobs. You will be suprised if have Daily Share Buy Back activity soon. Who knows?!
CEO' s chair there not easily be seated. If not, kena Share Holders kick their ass...
Bcos BBs had already Sold in advance of this " news" ?
Brokers' take: RHB downgrades Bumitama Agri to ' sell' on lower-priced forward sales
TUE, FEB 23, 2021 - 1:21 PM
RHB on Tuesday downgraded Bumitama Agri to " sell" from " buy" , with a lowered target price of S$0.45 from S$0.60. Maybank Kim Eng also cut its target price to S$0.65 from S$0.78 and maintained its " buy" call on the stock.
This came after the Indonesian palm oil producer' s management said during an analyst briefing that H1 2021 forward sales contracts were locked in at prices 20-25 per cent lower than current prices, excluding taxes and levies.
" This is negative, especially given our view that crude palm oil (CPO) prices will only remain elevated in H1 2021 before moderating in H2 2021," RHB' s research team said.
Bumitama Agri had entered into the sales contract in the later part of 2020 before the announcement of Indonesia' s new export tax structure. The contract specified that the group is to bear the difference between ultimate statutory export taxes and the agreed-upon export tax of US$55 per tonne.
" This contract clause is negative on Bumitama Agri' s earnings as long as CPO spot prices are high," Maybank KE said.
Bumitama Agri' s FY2020 earnings and earnings per share (EPS) exceeded expectations for the research teams at RHB and Maybank KE respectively.
RHB has lowered its FY2021 earnings forecast by 24 per cent but raised its forecast for FY2022 net profit by 10 per cent, after adjustments for higher palm oil fresh fruit bunches output and lower CPO prices.
Meanwhile, Maybank KE cut its estimates for FY2021 EPS by 10 per cent, but raised its estimates for FY2022 EPS by 12 per cent on higher CPO average selling prices.
des_khor ( Date: 23-Feb-2021 09:15) Posted:
| Why share price keep going down despite good profit ? |
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If the results good is not enough , BB Must be good to push
des_khor ( Date: 23-Feb-2021 09:15) Posted:
| Why share price keep going down despite good profit ? |
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Very obvious, internal bad news not yet announced to SGX.
Why share price keep going down despite good profit ?
Bumitama Agri posts 51.9% rise in H2 net profit on higher palm oil prices
INDONESIAN palm oil producer Bumitama Agri on Monday posted a 51.9 per cent rise in net profit for H2 of fiscal 2020, on the back of higher palm oil prices.
Net profit for the six months ended Dec 31, 2020, stood at 685.14 billion rupiah (S$64.4 million), compared with a net profit of 451.07 billion posted the same period a year ago.
The results translate to earnings per share (EPS) of 392 rupiah, against EPS of 258 rupiah a year ago.
Revenue for the second half was up 20.4 per cent to 5.1 trillion rupiah from 4.24 trillion rupiah a year ago, as the average selling prices of crude palm oil (CPO) and palm kernel rose by 22.6 per cent and 43.4 per cent respectively.
CPO revenue was up 18.6 per cent to 4.58 trillion rupiah, while palm kernel revenue rose by 39.3 per cent to 515.11 billion rupiah. Sales volume, however, was down 3.3 per cent and 2.9 per cent for CPO and palm kernel respectively.
For the full year ended Dec 31, 2020, net profit rose 64.1 per cent to 1.13 trillion rupiah, translating to EPS of 645 rupiah. Revenue, meanwhile, was up 18.3 per cent to 9.1 trillion rupiah.
The board has proposed for Bumitama Agri to pay a final dividend for the full year ended Dec 31, 2020, subject to shareholder approval at an annual general meeting to be convened in April 2021.
For the same period a year ago, the company declared a final dividend of 0.5 Singapore cent per share.
looking forward to 60-70. plenty of upside ahead.
Bumitama Agri posts 51.9% higher earnings for 2H20 of $64.3 mil on higher revenue, fair value changes
https://www.theedgesingapore.com/capital/results/bumitama-agri-posts-519-higher-earnings-2h20-643-mil-higher-revenue-fair-value
reckon another good profit for bumitama! another record for cpo price.
just out on latest earnings for KLK.
https://www.thestar.com.my/business/business-news/2021/02/17/rising-cpo-prices-propel-kl-kepong-quarterly-net-profit-higher
CPO price increasing. palm oil counters fly liao. This one lagging. Hope can break out soon
Wilmar has flown... and so is Golden Agri... Now finally your turn. Today breakout? HUAT ah!!!
Bumi playing catch up with First
Bumitama 9M net profit jumps 48.8% on higher palm oil prices
BUMITAMA Agri Ltd has announced higher revenue and net profit for the first nine months of its 2020 fiscal year from a year ago, on higher prices of palm oil.
In a business update on Tuesday, the Indonesian palm oil producer said net profit attributable to owners of the company rose 48.8 per cent to 632.14 billion rupiah (S$59.6 million) for the nine-month period ended Sept 30, from 424.86 billion rupiah for the same period in 2019.
Revenue rose 12.6 per cent to 6.08 trillion rupiah for the first nine months, from 5.40 trillion rupiah in the year-ago period.
Bumitama said the group' s financial performance for the first nine months of 2020 strengthened due to increased palm oil prices compared to the previous corresponding period.
Sales revenue in both crude palm oil and palm kernel had increased during the year, despite lower sales volume. Revenue for its crude palm oil business grew 13.3 per cent to 5.48 trillion rupiah, even as sales volume fell 9.8 per cent year on year to 670,000 metric tonnes.
Average sales price of crude palm oil rose 25.6 per cent year on year to 8,184 rupiah per kilogramme.
Bumitama said its overall operational performance for the first nine months of 2020 was impacted by the lagged effects of El Nino in 2019. Fresh fruit bunches yield decreased 7.7 per cent year on year due to the negative impact of extreme weather on palm trees.
The group added that Kalimantan experienced La Nina starting August this year, which brought about heavy rainfall and flooding in parts of Kalimantan. It said its operations had not been affected by the floods.
Bumitama also said all its estates and mills have remained in full operation since the start of the large-scale social restrictions in Indonesia in March this year.
FCPO trading starts.
Price up again. Double the usual climb.
FCPO Oct, Nov, Dec now all above MYR 3,000
Most active contract FCPO Dec 2020 - MYR 3,000 (up 3%)
Really nice start for the CY 4Q, where usually CPO price up up up a lot.
Hopefully this year same.
superstartup ( Date: 09-Oct-2020 12:35) Posted:
FCPO prices keep going up last few days.
FCPO Oct 2020 - MYR 3,008
FCPO Nov 2020 - MYR 2,970
FCPO Dec 2020 - MYR 2,918
Bumitama recent results (extracted from company announcements via SGX)
For reference only, and please do your own DD
IDR Million: 1H2020 Net profit attributable to owners of the company 441,251 versus 1H2019 235,245 (Up 87.6%)
Average Sales Price (IDR/KG) - Crude Palm Oil 1H2020 8,328 (equivalent to MYR 2.35) versus 1H2019 6,569 (equivalent to MYR 1.86)
Average Sales Price (IDR/KG) - Crude Palm Oil 3Q2019 6,421 (equivelent to MYR 1.81)
Average Sales Price (IDR/KG) - Crude Palm Oil 4Q2019 7,156 (equivalent to MYR 2.02)
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FCPO prices keep going up last few days.
FCPO Oct 2020 - MYR 3,008
FCPO Nov 2020 - MYR 2,970
FCPO Dec 2020 - MYR 2,918
Bumitama recent results (extracted from company announcements via SGX)
For reference only, and please do your own DD
IDR Million: 1H2020 Net profit attributable to owners of the company 441,251 versus 1H2019 235,245 (Up 87.6%)
Average Sales Price (IDR/KG) - Crude Palm Oil 1H2020 8,328 (equivalent to MYR 2.35) versus 1H2019 6,569 (equivalent to MYR 1.86)
Average Sales Price (IDR/KG) - Crude Palm Oil 3Q2019 6,421 (equivelent to MYR 1.81)
Average Sales Price (IDR/KG) - Crude Palm Oil 4Q2019 7,156 (equivalent to MYR 2.02)
Bumitama' s stellar 1H20 results keep analysts bullish
Jeffrey Tan Published on Tue, Aug 18, 2020 / 3:02 PM GMT+8 / Updated 15 hours ago
Bumitama Agri&rsquo s stellar results for 1H20 ended June 30 have led analysts to remain bullish on the oil palm player.
https://www.theedgesingapore.com/capital/brokers-calls/bumitamas-stellar-1h20-results-keep-analysts-bullish
Note: Palm oil prices is now higher than 1H20.
Palm oil counters receiving attention.
Maybe due to the below news.
Bumitama Agri over here low liquidity. But once move, can move fast (but then can be both direction).
Trade with care.
Watch Golden Agro and First Resources too.
superstartup ( Date: 02-Oct-2020 08:34) Posted:
Not sure if this is also positive for Bumitama Agri' s revenue since the company is Indonesia-based.
One key competitor in trouble.
U.S. Blocks Palm Oil Imports From One of the Top Producers
By
September 30, 2020, 11:53 PM GMT+8 Updated on October 1, 2020, 10:21 AM GMT+8
The U.S. has blocked imports of palm oil and palm oil products from Malaysia& rsquo s FGV Holdings Bhd., one of the world& rsquo s largest producers.
........
https://www.bloomberg.com/news/articles/2020-09-30/u-s-blocks-palm-oil-imports-from-one-of-world-s-top-producers
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Palm oil counters all heading north liao.
Not sure if this is also positive for Bumitama Agri' s revenue since the company is Indonesia-based.
One key competitor in trouble.
U.S. Blocks Palm Oil Imports From One of the Top Producers
By
September 30, 2020, 11:53 PM GMT+8
Updated on October 1, 2020, 10:21 AM GMT+8
The U.S. has blocked imports of palm oil and palm oil products from Malaysia& rsquo s
FGV Holdings Bhd., one of the world& rsquo s largest producers.
........
https://www.bloomberg.com/news/articles/2020-09-30/u-s-blocks-palm-oil-imports-from-one-of-world-s-top-producers
For easy reference on palm oil price:
https://tradingeconomics.com/commodity/palm-oil
superstartup ( Date: 23-Sep-2020 14:07) Posted:
Can start to slowly accumulate la.
(ok. Do your own DD)
Last q of the Calendar Year usually see a spike up in Palm Oil price and further re-rating by analysts.
Can confirm from past year trends and analyst upward re-rating reports during the last calendar year q.
We have already seen the SSH of Golden Agri buying shares from open market recently.
Likewise, First Resources keep buying back shares from open market too.
Bumitama, thinly trade. But once move, will move fair bit.
Keep look out for the palm oil price.
TestOfFate ( Date: 23-Sep-2020 11:47) Posted:
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Can start to slowly accumulate la.
(ok. Do your own DD)
Last q of the Calendar Year usually see a spike up in Palm Oil price and further re-rating by analysts.
Can confirm from past year trends and analyst upward re-rating reports during the last calendar year q.
We have already seen the SSH of Golden Agri buying shares from open market recently.
Likewise, First Resources keep buying back shares from open market too.
Bumitama, thinly trade. But once move, will move fair bit.
Keep look out for the palm oil price.
TestOfFate ( Date: 23-Sep-2020 11:47) Posted:
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