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First Resources
Results
First Resources posts 206% increase in 9MFY2022 underlying net profit to US$235.8 mil
First Resources posts better 3QFY2022.
November 14, 2022
Broker's Calls
Broker's Digest: Venture Corp, Civmec, OCBC, The Hour Glass, First Resources
Stocks to watch this week: OCBC, First Resources, The Hour Glass, and more.
November 10, 2022
Broker's Calls
UOBKH adds Singtel, First Resources, Keppel to Alpha Picks, replaces Nanofilm with Venture
UOBKH's Alpha Picks outperformed the Straits Times Index (STI) in October, declining 1% against the STI’s 1.2% fall.
November 10, 2022
Broker's Calls
UOBKH upgrades First Resources to 'buy' amid rebound in CPO prices
The analysts expect First Resources to report stronger sales volume for its 3QFY2022.
November 07, 2022
Insider moves
Oxley Holdings and First Resources in active share buybacks
Oxley plans to distribute its shares in Aspen to shareholders
September 15, 2022
Broker's Calls
First Resources to clear inventory build-up in 2HFY2022, RHB maintains 'neutral'
RHB believes First Resources is fairly valued, trading at 7x 2023 P/E — in line with its peer range of 6x-11x.
August 18, 2022
Broker's Calls
RHB revises down CPO price assumptions, lowers target prices of planters under coverage
Given expectations of volatile CPO prices, RHB is favouring Wilmar due to its integrated and diversified business model.
August 12, 2022
Broker's Calls
Indonesia's temporary export levy suspension to immediately increase domestic CPO and FFB prices: UOB KH
Indonesia had announced the temporary levy suspension from July 15 to August 31 to boost exports and increase domestic prices.
July 19, 2022
Broker's Calls
Indonesia's B35 mandate may not effectively lower stocks in the near term: CGS-CIMB
The B35 policy, effective on July 20, is aimed at reducing palm oil inventories in Indonesia.
July 12, 2022
Broker's Calls
Higher biodiesel mandate in Indonesia medium-term positive for Indonesian biodiesel producers: CGS-CIMB
The plan would allow the producers such as Wilmar, Golden Agri and First Resources to expand their revenues and earnings base.
July 04, 2022