Kencana Agri (BNE.SI) up 3.85% intraday 03 Jan 2026: watch volume and CPO-linked momentum
Kencana Agri Limited (BNE.SI) is trading at S$0.27 on the SES on 03 Jan 2026, up S$0.01 or 3.85% intraday, with volume at 111000.00 shares. The move makes BNE.SI a top intraday gainer on the Singapore exchange as buyers push the price above the 50-day average S$0.28. We review how valuation, cash flow metrics and sector momentum tie to today’s price action and what traders should watch next in the palm-oil linked Consumer Defensive space.
Intraday price action and drivers
BNE.SI is at S$0.27, up S$0.01 or 3.85% intraday on 03 Jan 2026, trading a volume of 111000.00 versus an average volume of 57996.00, giving a relative volume of 1.91. The higher-than-average turnover suggests renewed buying interest in Kencana Agri on SES, supporting the stock’s top-gainer status for the session.
Fundamentals and valuation
Kencana Agri reports EPS of S$0.09 and a reported PE of 3.00 at the current price of S$0.27, while price/book stands near 1.19 and price/sales is about 0.25. These ratios indicate the stock trades at steep value multiples relative to earnings and sales, with enterprise-value-to-sales at 0.19 in recent metrics, supporting a value-style case within the Consumer Defensive sector.
Technical snapshot
Short-term indicators show RSI at 42.70 and the 50-day moving average at S$0.28 versus the 200-day average at S$0.18, signalling the stock is between short-term support and longer-term strength. Bollinger bands sit at 0.26 to 0.30, ATR is 0.01, and the MACD is neutral, so momentum is modest and volatility remains contained for intraday traders.
Meyka AI grade and model forecast
Meyka AI rates BNE.SI with a score of 62.07 out of 100 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a monthly price of S$0.26 (implied -3.70% versus current S$0.27) and a quarterly price of S$0.11 (implied -59.26%). Forecasts are model-based projections and not guarantees.
Trading outlook, targets and sector context
Near-term price targets to watch: a conservative target near S$0.30 based on the 50-day band, and a short-term upside reference at the year high S$0.35; downside support sits near the 200-day average S$0.18. The Consumer Defensive sector has shown 1-year strength (about 28.91% 1Y), which can boost palm-oil-linked names like Kencana Agri when commodity prices firm.
Risks and catalysts
Key risk factors: palm oil price swings, weather or harvest disruptions in Indonesia, and thin liquidity compared with larger peers. Catalysts that could sustain intraday gains include stronger crude palm oil (CPO) prices, higher bulk sales volumes, or improved export demand. There is no scheduled earnings announcement listed, so price moves will track commodity and sector flows.
Final Thoughts
BNE.SI’s 3.85% intraday gain to S$0.27 on 03 Jan 2026 is backed by above-average volume of 111000.00 and a favourable value profile (PE 3.00, PB 1.19). Our technical read shows the stock sits between the 50-day (S$0.28) and 200-day (S$0.18) averages, creating both a short-term trading range and a longer-term support floor. Meyka AI’s forecast model projects a monthly price of S$0.26, implying downside of about -3.70% from today’s level; that contrasts with a nearer-term upside reference at the year high S$0.35. Investors should weigh palm oil commodity trends and liquidity constraints on the SES. We include clear price references for traders: conservative target S$0.30, base-case near S$0.35, and risk support S$0.18. As an AI-powered market analysis platform, Meyka AI flags BNE.SI as a B-grade HOLD — not investment advice — and recommends monitoring CPO prices and intraday volume for confirmation before adding exposure.
FAQs
BNE.SI is up 3.85% intraday on 03 Jan 2026 with volume at 111000.00, above its 50-day average. The move reflects renewed buying interest and sector momentum in Consumer Defensive names linked to palm-oil prices.
Kencana Agri trades at S$0.27 with EPS S$0.09 and a reported PE of 3.00, price/book about 1.19 and price/sales near 0.25, signalling a value orientation versus peers.
Meyka AI’s forecast model projects a monthly price of S$0.26, implying an expected change of -3.70% from S$0.27. Forecasts are model-based projections and not guarantees.
Watch immediate resistance at S$0.30 and the year high S$0.35, with downside support near the 200-day average at S$0.18. Volume confirmation is key for breakouts.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
