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Kencana Agri Limited (BNE) Share Price & Analysis
BNE Stock Chart & Stats
- Day’s Range
- SGD 0.48 - SGD 0.48
- 52-Week Range
- SGD 0.21 - SGD 0.68
- Previous Close
- SGD 0.48
- Volume
- 0
- Average Volume (3M)
- 32.26K
- Market Cap
- SGD 137.77M
- Enterprise Value
- SGD 270.39M
- Total Cash (Recent Filing)
- SGD 29.09M
- Total Debt (Recent Filing)
- SGD 142.72M
- Price to Earnings (P/E)
- 5.3
- Beta
- -0.19
- Next Earnings
- N/A
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- May 05, 2026
- Dividend Yield
- 3.13%
Bulls Say, Bears Say
Bulls Say
Integrated Palm Oil Operations
Kencana Agri operates across the upstream palm oil value chain, linking plantation production with milling and commodity sales. This integrated model gives the company direct control over cultivation, harvesting, processing, and output mix, supporting operational continuity over the next several quarters.
Sustained Profitability
Healthy TTM gross and operating profitability, alongside a net margin near 9%, indicates that the business has restored earnings quality after the 2023 loss. Continued positive profits provide internal capacity to support operations and manage the commodity cycle.
Positive Free Cash Flow
Meaningfully positive operating and free cash flow shows that reported profits are being converted into usable funds. Free cash flow covering roughly three-quarters of earnings supports debt service, plantation upkeep, and reinvestment without relying entirely on external financing.
Bears Say
High Leverage
Debt remains high relative to equity despite material improvement from 2021–2024. This capital structure leaves less room for error if palm oil prices or production volumes weaken, while interest and repayment obligations can constrain investment and financial flexibility.
Cooled Revenue Momentum
Revenue momentum has cooled following the strong 2024–2025 rebound, with TTM sales essentially flat to slightly negative. A weaker top line can limit operating leverage and suggests that near-term earnings remain exposed to commodity prices and production conditions.
Volatile Cash Conversion
Although cash generation is currently positive, sharply negative TTM free cash flow growth and only moderate operating cash flow coverage indicate an inconsistent conversion profile. This volatility may reduce the reliability of internally generated funds for debt reduction and expansion.
Kencana Agri Limited News
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Company Description
Kencana Agri Limited
Kencana Agri Limited, encompassing its various subsidiaries, operates as an integrated plantation enterprise with activities spanning Indonesia, Malaysia, and other international markets. Its core business involves cultivating oil palms and processing fresh fruit bunches into a range of products, including crude palm oil (CPO), crude palm kernel oil, palm kernel cake, and palm kernel. The company also provides specialized bulking services. Significant oil palm estates are situated across Indonesia's Sumatra, Kalimantan, and Sulawesi regions. Furthermore, the company engages in the wholesale trade of commodities related to plantations and manages a transportation segment. It supplies its processed goods and other products to a broad customer base, which includes trading companies, refineries, and oleochemical manufacturers. Founded in 1996, Kencana Agri Limited's head office is located in Jakarta Barat, Indonesia, and it operates as a subsidiary of Kencana Holdings Pte. Ltd.
- Sector
- Consumerdefensive
- Industry
- Agricultural Farm Products
- CEO
- Albert Maknawi
- Employees
- 7,556
- Website
- www.kencanaagri.com
- Address
- 36 Armenian Street, Suite 03-02, Singapore, CE, 179934, SG
Kencana Agri Limited (BNE) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 9 | 0 | 13 |
| Technical Analysis | 7 | 0 | 3 |
| Moving Averages | 2 | 0 | 10 |





