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.
DBS lifts First Resources TP to $2.50 on strong CPO price and earnings prospect - THE EDGE SINGAPORE

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.

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.
Analysts raise First Resources TPs on higher CPO price assumptions  - THE EDGE SINGAPORE

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.

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.

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
First Resources on track for stronger earnings, CGS-CIMB lifts TP to $1.76 - THE EDGE SINGAPORE

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.
First Resources reports 3Q21 underlying net profit growth of 44.9% on higher ASP and sales volume - THE EDGE SINGAPORE

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.
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