Bumitama Agri Unit Costs Set to Rise -- Market Talk

Dow Jones

05/14

0355 GMT - Bumitama Agri's unit costs are likely to rise due to higher prices of fertilizer and diesel, RHB Research analysts say in a note. The palm oil producer now expects unit costs to increase around 10% this year versus 5%-10% projected previously. RHB maintains its target price of S$1.70. However, it upgrades the stock to neutral from sell, citing a fair valuation after a 15% share-price decline over the past two weeks. Shares are last up 1.6% at S$1.90. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

May 13, 2026 23:55 ET (03:55 GMT)

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