First Resources

UOB KH rates “buy” for First Resources, Sunpower and Food Empire, with target prices of $1.85, $1.10 and 88 cents, respectively.

Maybank Kim Eng believes First Resources will likely report stronger q-o-q earnings in 4Q20 given the recent spike in CPO price.

CPO price rose to a new year-to-date high of RM3,185 per tonne on Oct 27, on concerns of lower-than-expected palm oil supply.

UOB Kay Hian has maintained its “market weight” recommendation on the Singapore plantation sector upon improved y-o-y earnings in 1H20, and expectations of a better 2H20.

Indonesia reiterates its commitment to a higher biodiesel blend in its diesel oil amid Covid-19 pressures.

SINGAPORE (Dec 23): For those looking to cash into plantation stocks, it’s now or never.Crude palm oil prices are on the upswing – it climbed to a high of RM 2,665 per tonne by end November due to lower palm oil inventory.While the spike is go

SINGAPORE (Dec 20): The palm oil industry this past year endured its fair share of turbulent times on the back of weak commodity prices, bad weather and dry spells in key markets such as Indonesia. The industry also faced headwinds from unfavourable new r

SINGAPORE (Sept 16): Genting Singapore, operator of Resorts World Sentosa (RWS), has emerged the winner of the agriculture, hotels and restaurants sector. Companies in these three industries have been combined into a single sector, as there are not enough

SINGAPORE (Apr 29); Before the welcome relief in the form of thunderstorms towards the end of April this year, the weather was hot and dry. Meteorologists appear to be forecasting more hot and dry weather for parts of the Indonesian archipelago in the com

SINGAPORE (Dec 6): CGS-CIMB Securities is maintaining “neutral” on the Asean agribusiness sector as Indonesia revises its export levies on palm oil and its derivative products, following a drop in crude palm oil (CPO) prices.