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<ul><li>Bumitama Agri is a Singapore-listed palm-oil producer with plantation and milling operations in Indonesia.</li><li>Its earnings combine returns from nucleus estates with processing margins on fruit purchased from plasma smallholders and external suppliers.</li><li>With limited acreage growth, productivity, extraction efficiency and procurement discipline are the principal operating drivers.</li></ul>

Bumitama Agri is a Singapore-listed palm-oil producer with plantation and milling operations in Indonesia.Its earnings combine returns from nucleus estates with processing margins on fruit purchased from plasma smallholders and external suppliers.With limited acreage growth, productivity, extraction efficiency and procurement discipline are the principal operating drivers.

Bumitama Agri Ltd: Initiation Coverage (25 September 2026)

External broker reports(aggregated public sources), RHB Invest

RHB Invest

External broker reports(aggregated public sources)

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<ul><li>We consider Bumitama Agri (SGX:P8Z)’s 1Q23 results to be in line with estimates. Earnings should improve in 2H as productivity recovers and costs moderate.</li><li>Valuation is fair at 6x CY23F P/E, in line with peers of 6-9x. Bumitama Agri's share price should be supported by decent FY23F dividend yield of 6.7%.</li><li>Maintain NEUTRAL, with new S$0.60 target price from S$0.66, 1% upside.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We consider Bumitama Agri (SGX:P8Z)’s 1Q23 results to be in line with estimates. Earnings should improve in 2H as productivity recovers and costs moderate.Valuation is fair at 6x CY23F P/E, in line with peers of 6-9x. Bumitama Agri's share price should be supported by decent FY23F dividend yield of 6.7%.Maintain NEUTRAL, with new S$0.60 target price from S$0.66, 1% upside.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bumitama Agri - 1Q23 Earnings Helped By Inventory Sales

Indonesia

Bumitama Agri is a Singapore-based holding company primarily engaged in oil palm cultivation and the production of crude palm oil (CPO) and palm kernel (PK) in Indonesia. The company manages extensive oil palm plantations and operates multiple mills, selling its products to refineries within the country. Bumitama Agri Ltd. was founded in 1996 and is headquartered in Singapore.

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Bumitama Agri (BAL SP)

Bumitama Agri Ltd: Initiation Coverage (25 September 2026)

Bumitama Agri is a Singapore-listed palm-oil producer with plantation and milling operations in Indonesia. Its earnings combine returns from...

uSMART Securities

Bumitama Agri - 1Q23 Earnings Helped By Inventory Sales

We consider Bumitama Agri (SGX:P8Z)’s 1Q23 results to be in line with estimates. Earnings should improve in 2H as productivity recovers and costs...

RHB Invest

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