First Resources

SINGAPORE (Dec 14): RHB is maintaining its “neutral” recommendation on First Resources with a target price of $1.86.

SINGAPORE (Nov 15): RHB is maintaining its “neutral” call on First Resources with a target price of $2.13, based on an unchanged FY18F P/E multiple of 13 times, in line with its five-year historical average. This implies an equity value per hectare (E

SINGAPORE (Nov 14): First Resources on Monday reported 3Q17 earnings decreased 11% y-o-y to US$31.9 million ($43.4 million), while dropping 57% q-o-q from 2Q17.

SINGAPORE (Nov 13): First Resources reported 3Q17 earnings dropped 11% to US$31.9 million ($43.4 million) from US$35.9 million in 3Q16.

SINGAPORE (Oct 26): UOB KayHian expects First Resources to report core net profit of US$33 million-US$37 million ($44.9 million-$50.4 million) for 3Q17 ended Sept on the back of higher production and higher contribution from biodiesel sales.

SINGAPORE (Sept 4): Singapore is well-positioned to serve integrated networks in the F&B manufacturing and processing industry, in addition to enabling capital formation through its stock market, according to Singapore Exchange (SGX) market strategist Geo

SINGAPORE (Aug 21): UOB KayHian is maintaining its “market weight” for Singapore plantation stocks with a “buy” call on Bumitama Agri given its young tree age profile.

SINGAPORE (May 23): Palm oil counters have been among the standout performers in this quarter’s earnings season. All but one have reported stronger revenue and earnings growth in the quarter ended March, based on a list of six companies compiled by The

SINGAPORE (May 12): Maybank Kim Eng Research is maintaining its “hold” recommendation on First Resources with an unchanged target price of $1.97 after the palm oil producer on Thursday reported a nine-fold increase in 1Q earnings US$48.5 million ($68.

SINGAPORE (May 11): First Resources saw earnings in the first quarter ended March surge by 807.0% to US$48.5 million ($68.4 million), from US$5.3 million a year ago.