Stock Analysis: Bumitama Agri | Lianhe Zaobao

Bumitama Agri recommends holding, with a target price of 1.45 yuan and a closing price of 1.31 yuan. The average price of crude palm oil is expected to be 4,300 ringgit per ton this year, slightly falling to 4,200 ringgit next year. Indonesia plans to increase the biodiesel blending ratio to 50% next year, which may stimulate demand. Although the rainy season has affected delivery schedules, it has not severely disrupted supply. On December 4th, the stock price fell by 13.1%, maintaining a "hold" rating