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First Resources (FR)
Results
First Resources reports 3QFY2023 underlying net profit of US$51.1 mil, 56.0% lower y-o-y
The dip in figures were due to the lower palm oil prices compared to the record prices in the year before.
November 10, 2023
Broker's Calls
Despite a lacklustre 1HFY2023, analysts are upbeat on the outlook for First Resources
Despite lacklustre results, analysts have somewhat differing views on agriculture company First Resources.
August 17, 2023
Broker's Calls
RHB downgrades First Resources to 'sell' following disappointing 1QFY2023 results
The RHB analysts have also slashed their FY2023 to FY2025 earnings forecast by 20%-26%.
May 15, 2023
Results
First Resources reports 73.8% lower net profit of US$19.3 mil in 1QFY2023 on moderation of record high palm oil prices
In the 1QFY2023, sales revenue fell by 34.7% y-o-y to US$198.2 million while ebitda fell by 55.3% y-o-y to US$55.1 million.
May 12, 2023
Results
First Resources reports 53.4% growth in 2HFY2022 earnings of US$197.2 mil, declares final dividend of 12 cents per share
The group’s FY2022 earnings came up to US$325.2 million, 101.8% higher y-o-y.
March 01, 2023
Broker's Calls
UOB Kay Hian upgrades First Resources to 'buy' as it expects to see its highest-ever yearly profit in 4QFY2022
The analysts forecast a net profit of US$343 million for FY2022.
February 07, 2023
Results
First Resources' 1HFY2022 earnings surge nearly four times to US$128.0 mil due to stronger average selling prices
The group has declared an interim dividend of 2.50 cents per share for the 1HFY2022.
August 12, 2022
Results
First Resources reports 1QFY2022 earnings of US$73.6 mil, 8.4 times higher y-o-y
The higher figures were attributable to the stronger average selling prices (ASPs) despite lower sales volumes.
May 13, 2022
Results
First Resources sees 2HFY2021 double to $174.0 mil; proposes final dividend of 5.1 cents
The final dividend of 5.10 cents per share is the highest since the group’s listing.
February 25, 2022
Broker's Calls
DBS downgrades First Resources to 'hold' citing limited further upside potential
First Resources' share price climbed 32% year-to-date, outperforming its plantation peers.
November 05, 2021