Bumitama Agri - UOB Kay Hian 2016-05-06: Bunches Ready For Upcoming Harvest
BUMITAMA AGRI LTD P8Z.SI Bumitama Agri (BAL SP) - Bunches Ready For Upcoming Harvest
- After our visit to BAL’s estate in central Kalimantan, we are confident that FFB production will pick up in 2H16 and deliver positive growth in 2016.
- In 1Q16, BAL’s FFB production was low due to the drought. However, the impact from the 2015 drought was partly mitigated as management had prepared for this event by undertaking measures to mitigate the impact.
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