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First Resources (FR)
Broker's Calls
India's cut in duties on CPO is slightly positive for counters such as First Resources and Wilmar: CGS-CIMB
The CGS-CIMB analysts have kept “add” on both First Resources and Wilmar with target price estimates of $1.69 and $6.15.
July 06, 2021
Broker's Calls
Wilmar, First Resources, Bumitama Agri among analysts' top plantation picks
RHB has maintained 'neutral' on the plantation sector and 'buy' on Wilmar while DBS has kept 'buy' on Wilmar, FR and BAL.
March 15, 2021
Stocks To Watch
First Resources: Seeking prosperity in palm oil
There is consensus among analysts that First Resources will be a top pick going into the Year of the Ox.
February 10, 2021
Broker's Calls
Bright spots in palm oil industry despite higher Indian CPO duties
The rising costs of refining palm oil in India could see refiners in Indonesia could becoming more competitive.
February 09, 2021
Agriculture / Hotels / Restaurants
Green shoots emerging from the ashes of Covid-19 in palm oil sector
While plantation stocks are typically strongly correlated with CPO, only Wilmar International’s share price has a meaningful gain.
December 18, 2020
Broker's Calls
Plantation stocks good value amid crude palm oil rally, says RHB Research
Earnings are likely to be stronger y-o-y in 2020 and 2021 assuming a higher CPO price of MYR2500/tonne.
July 28, 2020
Broker's Calls
Malaysia’s zero export duty tax bodes well for First Resources, Golden Agri; but not Bumitama: RHB
The reduction of Malaysia’s export duty on crude palm oil (CPO) to zero in June from 4.5% in May has a contrasting impact on several Singapore-listed and Indonesia-based palm oil companies.
June 26, 2020
Broker's Calls
Analysts mixed on First Resources growth output for FY20
All brokerages agree that the palm oil producer’s net profit for 1Q20 came up to a fraction of their full-year estimates.
May 27, 2020
Results
First Resources posts 80.9% surge in earnings to $31.4 mil for 1Q20
First Resources has reported an 80.9% surge y-o-y in its 1Q20 earnings (or net profit) to US$22.2 million (S$31.4 million) from the US$12.3 million in 1Q19.
May 22, 2020
Broker's Calls
3 plantation stocks that will surmount the Covid-19 outbreak: DBS
Although cheap prices might be enough to lure investors in, Simadiputra advises investors to focus on quality stocks with solid fundamentals such as Bumitama Agri, Wilmar or First Resources.
April 13, 2020