Broker: DBS Bank
Date of Report: 07 April 2026
Excerpt from DBS Bank report
Report Summary
- Stock: Bumitama Agri Ltd (BAL)
- Bloomberg code: BAL_SP_Equity
- Action: Maintain BUY
- Target Price: SGD2.30
- Key Highlights:
- Bumitama Agri is expected to benefit from a projected Crude Palm Oil (CPO) price of USD950/MT in 2026.
- Strong earnings momentum supported by higher palm oil prices and improving output trend.
- Dividend yield expected to be sustained at 5–6%.
- Valuation considered attractive with further upside potential.
- Margin upside anticipated from improved efficiency and utilisation.
- Implications:
- Investors are encouraged to accumulate as the stock rides on favourable CPO price trends and maintains strong dividend payouts.
above is an excerpt from a report by DBS Bank. Clients of DBS Bank can be the first to access the full report from the DBS Bank website : https://www.dbs.com
