Welcome!
First Resources
Broker's Calls
Broker's Digest: Golden Energy and Resources, Genting Singapore, First Resources, Megachem, ARA US Hospitality Trust
See the analysts' recommendations and target prices here.
August 26, 2021
Broker's Calls
UOB Kay Hian downgrades First Resources to 'hold' as analysts look to 2H21 for better results
Analysts expect a stronger 2H21 performance driven by higher CPO prices and a favourable revision in the export tax structure.
August 24, 2021
Results
First Resources 1H21 earnings falls 16.7% y-o-y to US$32.6 mil on higher export taxes
First Resources has declared an interim dividend of 1.25 cents per share.
August 13, 2021
Broker's Calls
RHB favours First Resources despite sector wide ESG concerns
Shares of palm oil companies have “retreated even further” despite CPO prices having breached the RM4,000 level lately, says RHB.
August 02, 2021
Broker's Calls
UOB maintains 'market weight' for plantation sector, First Resources among sector picks
The sector is expected to continue underperforming the market, given weakening CPO prices.
July 19, 2021
Broker's Calls
UOB KH maintains 'market weight' on plantation sector, cites three 'B-factors' supporting soybean oil
UOB Kay Hian is optimistic on soybean oil prices, but warn of some risks in crude palm oil prices.
June 17, 2021
Broker's Calls
Despite 1Q21 underperformance, First Resources can still catch-up in 2H21: analysts
Analysts from UOB Kay Hian and CGS-CIMB anticipate First Resources will still meet full-year earnings forecasts.
May 18, 2021
Results
First Resources posts 61% drop in 1Q21 net profit on higher export taxes
The higher export taxes follow the implementation of a new levy structure in Indonesia since December 2020.
May 17, 2021
Broker's Calls
Analysts mixed on First Resources following FY20 results, RHB downgrades rating to 'neutral'
The company's forward sales transactions have analysts divided on its FY21 outlook.
March 04, 2021
Broker's Calls
First Resources to see higher earnings via Indonesia's new export levy structure: RHB
RHB has maintained its “buy” rating for the stock with a higher target price of $1.90 from $1.45 previously.
January 15, 2021