Bumitama Agri has reported 1QFY2025 results that were largely in line with expectations but analysts have trimmed their target prices on expectations of higher cost of production and export levies.

The palm oil company reported core 1QFY2025 patmi that is 42% higher y-o-y, thanks to higher selling prices even though volume dropped.

"Had it not been for an inventory build-up in 1QFY25, revenue and profits would have been better," says Ong Chee Ting of Maybank Securities, who has kept his "buy" call.