Bumitama Agri's earnings momentum is likely to continue in 2Q after the Singapore-listed palm oil company largely outperformed Indonesia-listed peers in the first three months of 2026, says DBS Group Research's Zheng Feng Chee in a note. The company, which manages oil palm plantations in Indonesia, seems well-positioned to tackle rising fertilizer costs as it is stockpiling at relatively-cheaper prices for 1H, benefiting from local sources, he says.Strong crude palm oil price gains could also be sustained, thanks to its wide discount to rival soybean oil, the analyst adds. DBS maintains a buy rating and S$2.30 target price. Shares rise 2.75% to S$1.87. (megan.cheah@wsj.com)
Bumitama Agri's Earnings Momentum May Continue in 2Q — Market Talk
Earlier from Bumitama Agri
- Bumitama Agri Posts HY Profit Attributable 1,536 Billion Rupiah
- Bumitama Agri Posts Quarterly Revenue Reached 5.15 Trln Rupiah