Broker Name: OCBC Group
Date of Report: 14 May 2026
Excerpt from OCBC Group report.
Report Summary
- Bumitama Agri Ltd (BAL SP)
Action: BUY
Target Price: SGD 2.20
Key Idea: Strong 1Q26 financial performance with revenue and PATMI up 22.5% and 49.2% YoY. Dividend payout ratio raised to 60-75%, offering attractive forward dividend yield (up to 6.8%). Higher CPO prices and biofuel mandates in Malaysia and Indonesia provide upside. Cost increases manageable. Actionable BUY call with raised fair value estimate. - Genting Singapore (GENS SP)
Action: BUY
Target Price: SGD 0.77
Key Idea: 1Q26 results missed expectations due to elevated costs and weaker VIP gaming volumes. Middle East tensions could weigh on travel demand and new attraction ramp-up. Actionable BUY call, but patience required as earnings recovery may take longer; fair value estimate reduced from SGD 0.87 to SGD 0.77.
above is an excerpt from a report by OCBC Group. Clients of OCBC Group can be the first to access the full report from the OCBC Group website : https://www.ocbc.com/
