Singapore Stock Market News

Bumitama Agri - Strong FY14 Results

StockFanatic
Publish date: Fri, 27 Feb 2015, 07:29 PM
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FY14 core earnings were in line with our expectations, making it the first in a season littered with disappointments. We make no changes to our earnings forecast and SGD1.48 TP (44% upside), and maintain Bumitama as our sector Top Pick. Production growth was the strongest in our universe and beat our expectations despite drought concerns. Its improving age profile should continue to drive strong earnings delivery.
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