BWPT
Contact our analyst Revita
Increasing target price to Rp560
January 3rd, 2018
Prixe Rp187
Target price Rp560
January 3rd, 2018
Prixe Rp187
Target price Rp560
Still on track for higher production
- We are optimistic BWPT’s production will be higher from the increase in mature area and improved weather.
- We also expect a much better price outlook for 2018 and predict that El-Nino will return later this year causing the price to rise again.
- We maintain our belief profitability is coming for BWPT.
- As of 9M17, BWPT managed to reduce net loss by 30% yoy or 10% QoQ, which showed that a return to profitability is coming soon.
- With improvements in production, CPO prices, and the benefits of the planted area entering prime age, based on 9M17 result we adjust our target price higher.
- TP of IDR. 560/share, reflects a valuation of 9.35x EV/EBITDA & significant potential upside.
Previously
| bwpt_6_november_2017.pdf |
| bwpt_14_september_2017.pdf |
| bwpt_30_may_2017.pdf |
