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First Resources
Company in the news
First Resources acquires Riau plantation assets for IDR1.9 tril
First Resources says the addition of these plantation assets marks a significant step in its expansion strategy.
January 17, 2024
Broker's Calls
First Resources’ bidding price for assets in Riau reasonable: analysts
The analysts do not expect to see any earnings contribution from the acquired assets in the next three years.
January 09, 2024
M&A
First Resources acquires plantation for $162.9 mil
First Resources wins $162.9 million bid to acquire a 17,600 hectares plantation in Indonesia.
January 05, 2024
Broker's Calls
RHB upgrades Bumitama to 'buy', maintains 'neutral' on First Resources with lower TP
The analysts have raised Bumitama's FY2023 earnings estimate by 30%.
November 20, 2023
Broker's Calls
UOBKH upgrades plantation sector to 'overweight' on share price strengthening expectations
The upgrade also factors in operating margin expansion in 2H2023 and 2024.
July 26, 2023
Broker's Calls
DBS keeps 'buy' on Bumitama Agri and First Resources amid CPO price recovery
Global palm oil price recovery in 2H2023 and 2024 will be supported by decent soybean oil price outlook.
July 14, 2023
Broker's Calls
Plantation sector earnings to decline further in 2QFY2023, analysts maintain 'neutral'
Earnings should be lifted in 2HFY2023 as productivity improves and costs moderate.
June 13, 2023
Broker's Calls
Cautious on higher unit costs and lower downstream margins, analysts trim First Resources' TPs
UOBKH analysts have downgraded First Resources to “hold”, expecting 2023 earnings to be lower y-o-y.
March 03, 2023
Broker's Calls
Palm oil price has room to recover in 2023; Indonesia’s policies to continue playing a big role
The limited room for output expansion will prevent major price reversal.
January 12, 2023
Broker's Calls
First Resources' 9MFY2022 earnings 'strongly above expectations', RHB raises TP to $1.75
The analysts raised their earnings forecasts by 8%-23% for FY2022-FY2024.
November 16, 2022