SGX:P8ZFood
Bumitama Agri (SGX:P8Z) Valuation Check As Q1 Profit Growth And Higher Dividends Shift Focus To Shareholders
First quarter earnings shift focus to shareholder returns
Bumitama Agri (SGX:P8Z) reported stronger first quarter profits, supported by firm palm oil prices and resilient yields during a seasonal lull, while also raising its dividend payout range to 60% to 75% of net profit.
See our latest analysis for Bumitama Agri.
Against this backdrop, Bumitama Agri’s 1 day share price return of 1.05% and 7 day return of 4.35% feed into a strong 90 day share price return of 30.61%. The 1 year total...