It adds that the company 4Q20 earnings may also be lifted by higher downstream margins.
Analysts have continued to be positive on the prospects of First Resources following the plantation company’s improved performance in 3Q20 and 9M20.
Maybank Kim Eng believes First Resources will likely report stronger q-o-q earnings in 4Q20 given the recent spike in crude palm oil (CPO) price to above RM3,000 per metric tonne.
