0131 GMT - Bumitama Agri is increasingly being seen as a dividend yield play, says OCBC Investment Research analyst Ada Lim in a note. The palm oil producer has revised its dividend policy from a maximum payout ratio of 40% to 40-60% currently. The company's superior productivity, high quality plantations and continued focus on maximizing current plantations places it in a good position to deliver on above-industry average yields and capitalize on supportive long-term industry fundamentals. The stock has also been trading at a forward 12-month dividend yield of 5% recently, Lim notes. OCBC has a hold rating on the stock and a fair value estimate of S$1.45. Shares are up 2.9% at S$1.41. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
November 16, 2025 20:32 ET (01:32 GMT)
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