Bumitama Agri Likely to Post Stronger Earnings in Coming Quarters -- Market Talk

Dow Jones11-13

0344 GMT - Bumitama Agri is expected to post stronger earnings in the coming quarters, supported by Indonesia's domestic crude palm-oil prices, DBS Group Research analysts say. In October to November, CPO prices rose to IDR14,000/kg from IDR12,700/kg in 3Q, the analysts write in a note. The Indonesian palm-oil producer's 4Q profitability and earnings could also be driven by lower fertilizer applications, they say. The analysts see an upside risk to the 2025 earnings forecast if CPO prices remain high. DBS maintains the stock's buy rating and target price of S$0.90. Shares are last 0.6% lower at S$0.84.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

November 12, 2024 22:45 ET (03:45 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483142010?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-13 11:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483142010","market":"other","top_or_hot":-1,"title":"Bumitama Agri Likely to Post Stronger Earnings in Coming Quarters -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0344 GMT - Bumitama Agri is expected to post stronger earnings in the coming quarters, supported by Indonesia's domestic crude palm-oil prices, DBS Group Research analysts say. In October to November, CPO prices rose to IDR14,000/kg from IDR12,700/kg in 3Q, the analysts write in a note. The Indonesian palm-oil producer's 4Q profitability and earnings could also be driven by lower fertilizer applications, they say. The analysts see an upside risk to the 2025 earnings forecast if CPO prices remain high. DBS maintains the stock's buy rating and target price of S$0.90. Shares are last 0.6% lower at S$0.84.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2024 22:45 ET (03:45 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bumitama Agri Likely to Post Stronger Earnings in Coming Quarters -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBumitama Agri Likely to Post Stronger Earnings in Coming Quarters -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 11:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0344 GMT - Bumitama Agri is expected to post stronger earnings in the coming quarters, supported by Indonesia's domestic crude palm-oil prices, DBS Group Research analysts say. In October to November,...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POST","symbol_name":"Post Holdings","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483142010","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483142010","pubTimestamp":1731469500,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0344 GMT - Bumitama Agri is expected to post stronger earnings in the coming quarters, supported by Indonesia's domestic crude palm-oil prices, DBS Group Research analysts say. In October to November, CPO prices rose to IDR14,000/kg from IDR12,700/kg in 3Q, the analysts write in a note. The Indonesian palm-oil producer's 4Q profitability and earnings could also be driven by lower fertilizer applications, they say. The analysts see an upside risk to the 2025 earnings forecast if CPO prices remain high. DBS maintains the stock's buy rating and target price of S$0.90. Shares are last 0.6% lower at S$0.84.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"POST":"Post Holdings","P8Z.SI":"布米达马农业"},"translate_title":"Bumitama Agri可能在未来几个季度公布更强劲的盈利——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POST":1,"P8Z.SI":0.9},"content_text":"0344 GMT - Bumitama Agri is expected to post stronger earnings in the coming quarters, supported by Indonesia's domestic crude palm-oil prices, DBS Group Research analysts say. In October to November, CPO prices rose to IDR14,000/kg from IDR12,700/kg in 3Q, the analysts write in a note. The Indonesian palm-oil producer's 4Q profitability and earnings could also be driven by lower fertilizer applications, they say. The analysts see an upside risk to the 2025 earnings forecast if CPO prices remain high. DBS maintains the stock's buy rating and target price of S$0.90. Shares are last 0.6% lower at S$0.84.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 12, 2024 22:45 ET (03:45 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483142010"}