First Resources

SINGAPORE (Feb 28): CIMB Research is maintaining its “add” recommendation on First Resources at an unchanged target price of $2.32 following the release of its financial statement 4Q16/FY16, where final core earnings were above the research house’s

SINGAPORE (Feb 22): DBS is picking growth stocks Genting Singapore, Thai Beverage, UOB, SGX, Sheng Siong, Bumitama Agri and First Resources to benefit from the expansionary Budget 2017 and expects them to offer EPS growth of between 11% to 83%.

SINGAPORE (Feb 1): Maybank Eng Kim is maintaining its “hold” call on First Resources with a target price of $1.97.

SINGAPORE (Jan 31): UOB Kay Hian is maintaining its “overweight” call on the planation sector within Singapore and the region, noting that crude palm oil (CPO) prices are likely to stay firm throughout 1H17 as supply is still relatively tight.

SINGAPORE (Jan 11): CIMB Securities remains “neutral” on the agribusiness sector while highlighting First Resources as its top “add” pick in Singapore for its superior output growth prospects, low-cost production.

SINGAPORE (Dec 20): DBS Vickers Securities has upgraded its view on the plantation sector to “neutral” on improving fundamentals, as well as expectations of yield recovery and steady prices to boost the earnings of plantation companies in FY17F.

SINGAPORE (Dec 15): CIMB is keeping its “neutral” rating on the agribusiness sector even as it cut its 2016 palm oil output estimate for Malaysia to 17.3 million tonnes, from its previous forecast of 17.9 million tonnes.

SINGAPORE (Dec 8): Singapore stocks ended about flat, giving up early gains as investors take profit.

SINGAPORE (Dec 7): CIMB says uncertainty is the new name of the game in 2017 on the back of upcoming events.

SINGAPORE (Nov 22): UOB Kay Hian is maintaining its “overweight” on the palm plantation sector and favours Indonesia-based plantation companies over Malaysian ones as the pace of decline in production in Indonesia for 4Q16 is expected to be slower tha