0647 GMT - Bumitama Agri's stock has scope for further valuation rerating if the palm oil producer is able to deliver consistent earnings growth, says DBS Group Research's William Simadiputra in a note. Crude palm oil prices are likely to remain above US$1,000 a metric ton through 2027, boosted by El Nino-related supply risks and elevated crude oil prices, he says. The analyst expects the company to have a solid performance in 2026, citing its ability to preserve margins despite external fruit purchases and rising fertilizer prices. DBS raises the stock's target price to 3.00 Singapore dollars from S$2.30 after rolling forward its valuation and maintains a buy rating. Shares are down 1.8% at S$2.16.