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First Resources
Broker's Calls
Uncertainties abound in the plantation sector amid tightening supply and demand of vegetable oils
A trading strategy is best for the sector in light of the volatility in CPO prices, says RHB Group Research analyst Hoe Lee Leng.
April 12, 2022
Broker's Calls
Broker's Digest: Mapletree Commercial Trust, Wilmar International, ESR-REIT, First Resources
See what the analysts have to say on these counters.
March 24, 2022
Broker's Calls
DBS lifts First Resources TP to $2.50 on strong CPO price and earnings prospect
DBS Group Research analyst William Simadiputra says the stock should trade in line with its 5-year average P/E multiple of 15x.
March 23, 2022
Broker's Calls
Wilmar will still be an outperformer in 2022, UOB KH and RHB maintains 'buy'
Wilmar’s 2022 performance will be driven by palm and sugar operations.
March 14, 2022
Broker's Calls
Analysts raise First Resources TPs on higher CPO price assumptions
Analysts at RHB, CGS-CIMB and Maybank have raised their target prices for First Resources to $2, $2.12 and $1.88 respectively.
March 01, 2022
Broker's Calls
RHB upgrades plantation sector to 'neutral' as geopolitical risk of war becomes a reality
RHB analyst Hoe Lee Leng has a “buy” call for Wilmar and “neutral” calls for First Resources, Bumitama Agri and Golden Agri.
February 28, 2022
Broker's Calls
Disconnect between CPO and share prices to remain due to ESG concerns: RHB
The analyst kept a "buy" call for Wilmar International and a “neutral” call for the remaining three SG-listed stocks covered
February 11, 2022
Broker's Calls
First Resources on track for stronger earnings, CGS-CIMB lifts TP to $1.76
Analysts Ivy Ng Lee Fang and Nagulan Ravi have raised their TP for First Resources to $1.76 from $1.67 previously.
November 17, 2021
Results
First Resources reports 3Q21 underlying net profit growth of 44.9% on higher ASP and sales volume
First Resources saw an 89.2% surge in 3Q21 sales driven by higher average selling prices and stronger sales volume.
November 15, 2021
Broker's Calls
RHB downgrades First Resources to 'neutral', sees earnings prospects already reflected in share price
RHB has also raised its target price from $1.50 to $1.70.
October 08, 2021