Bumitama Agri – RHB Invest 2022-05-13: 1Q22 Earnings Skyrocket 400% Y-o-y; Reiterate BUY

May 13, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

BUMITAMA AGRI LTD. (SGX:P8Z)

Bumitama Agri – 1Q22 Earnings Skyrocket 400% Y-o-y; Reiterate BUY

Bumitama Agri’s 1Q22 results are above our and Street estimates. While the current export ban will be negative for all Indonesian players, we do not expect this to be in place for the long term. We expect earnings to remain robust in FY22, while its market valuation of 5.3x CY23F P/E is unwarranted.
Assuming it pays out 40% of earnings, Bumitama Agri‘s dividend yield is also attractive at ~10% in FY22F.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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Bumitama Agri – RHB Invest 2022-05-13: 1Q22 Earnings Skyrocket 400% Y-o-y; Reiterate BUY

Bumitama Agri – 1Q22 Earnings Skyrocket 400% Y-o-y; Reiterate BUY

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