Broker Name: OCBC Investment Research
Date of Report: 14 November 2025
Excerpt from OCBC Investment Research report.
Report Summary
- Bumitama Agri Ltd (BAL), a leading Indonesian palm oil producer, posted a 2.8% year-on-year decline in 3Q25 revenue due to weather-related delivery disruptions, but achieved a 27% increase in core profit thanks to margin expansion.
- The company expects a strong 4Q25 from peak crop cycles, maintains stable production, and has raised its dividend payout policy to 40–60%, positioning itself as a dividend yield play. The fair value estimate was increased to SGD 1.45 with a HOLD rating, reflecting positive industry fundamentals and ongoing shareholder engagement.
Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Investment Research can be the first to access the full report from the OCBC Investment Research website: https://www.ocbc.com/group/investments/research.html
