Bumitama stock reports 44.3 percent first half profit growth

Published on 10/07/2026 at 06:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bumitama stock's 1H2026 revenue rose 24.0 percent to IDR 12.08 trillion on August 14, 2026. The latest SGX quote was SGD 1.94 on October 6, while seven analysts set an average target of SGD 2.242.

Bumitama, SG2E67980267, Illustration mit AI erstellt.

Bumitama stock was last at SGD 1.94 on SGX on October 6, 2026 at 7:25 p.m. SGT, unchanged from the prior close. The company enters the next reporting cycle with 1H2026 attributable profit up 44.3 percent to IDR 1.83 trillion, according to uSMART Research on September 25, 2026.

First half recovery strengthens

Bumitama reported 1H2026 revenue of IDR 12.08 trillion, a 24.0 percent increase from IDR 9.74 trillion in 1H2025. Company-reported EBITDA increased 37.1 percent to IDR 3.50 trillion, while internal fresh fruit bunch production grew 12.7 percent.

The operating mix matters because sales growth outpaced production growth. CPO sales increased 21.2 percent in the first half, compared with 10.5 percent growth in production, a gap that uSMART Research linked partly to inventory release. That makes crop delivery and recurring production the next test for the earnings recovery.

Analysts see limited upside

According to Investing.com, seven analysts carried a consensus rating of Strong Buy, with six Buy ratings and one Hold rating. The average 12-month target was SGD 2.242, with targets ranging from SGD 1.9143249 to SGD 2.49834522.

Against the SGD 1.94 quote, the consensus average target lies 15.6 percent above the price. The latest individual view in the research record is more cautious: uSMART Research initiated coverage on September 25, 2026, with a HOLD rating and a SGD 2.10 target, implying 8.2 percent upside to the October 6 price.

Valuation meets execution risk

uSMART Research puts Bumitama's market capitalization at SGD 3.642 billion and its 52-week range at SGD 1.10 to SGD 2.50, using data from September 23, 2026. The report also identifies weaker palm-product prices, crop underperformance, procurement margins and P/E compression as risks to its valuation view.

For investors, the central question is whether higher profit can persist after the inventory contribution fades. Bumitama's 1H2026 figures show a stronger earnings base, but the next operating update must confirm that production and cash generation are keeping pace with revenue.

SGD 1.94 remains the reference level

Bumitama stock was last at SGD 1.94 on SGX on October 6, 2026 at 7:25 p.m. SGT, with a 0.00 percent change for the session. The current debate is therefore centered on whether the 44.3 percent profit increase can support the analyst targets.