First Resources

SINGAPORE (Nov 10): Analysts are staying positive on First Resources following strong performance from the Indonesia-based oil palm plantation in 3Q.

SINGAPORE (Nov 4): The sector is a hodgepodge of companies involved in vastly different businesses, the result of combining three Singapore Exchange industry classifications with too few billion-dollar companies to stand on their own. A comparison of thei

SINGAPORE (Oct 31): UOB Kay Hian is maintaining its “buy” on First Resources with a target price of $2 after the palm grower posted healthy quarter-on-quarter increases in Fresh Fruit Bunches (FFB) production in 3Q.

SINGAPORE (Sept 15): UOB Kay Hian is maintaining its “buy” call on First Resources and its target price of $2, even as with the palm oil grower’s share price rising 19% from recent lows.

SINGAPORE (July 28): “Stocks that disappointed have been punished,” says UOB Kay Hian analyst Andrew Chow.

SINGAPORE (July 27): Maybank has maintained its “buy” call for Indonesian-based palm oil plantation First Resources, with a target price of $1.71.

SINGAPORE (July 18): The STI has rebounded since news of the UK voting in a referendum on June 24 to leave the European Union, suggesting the market has brushed off fears over Brexit.

SINGAPORE (July 13): Maybank Kim Eng is maintaining its “neutral” call on the plantations sector, given weak demand for crude palm oil (CPO) from major importing companies have placed a dampener on prices.