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Broker's Calls
First Resources' 9MFY2022 earnings 'strongly above expectations', RHB raises TP to $1.75
The analysts raised their earnings forecasts by 8%-23% for FY2022-FY2024.
November 16, 2022
Broker's Calls
RHB upgrades Golden Agri-Resources to 'buy' with higher TP of 33 cents
Golden Agri’s 9MFY2022 core net profit of US$683 million exceeded expectations at 103% of the analysts’ full-year forecasts
November 15, 2022
Broker's Calls
UOBKH upgrades First Resources to 'buy' amid rebound in CPO prices
The analysts expect First Resources to report stronger sales volume for its 3QFY2022.
November 07, 2022
Broker's Calls
First Resources to clear inventory build-up in 2HFY2022, RHB maintains 'neutral'
RHB believes First Resources is fairly valued, trading at 7x 2023 P/E — in line with its peer range of 6x-11x.
August 18, 2022
Broker's Calls
RHB raises Golden Agri earnings estimates on lower unit costs and higher downstream contributions
RHB have kept their “neutral” call on Golden Agri with a slightly higher target price of 30 cents from 29 cents previously.
August 17, 2022
Broker's Calls
RHB lifts Bumitama Agri's TP to 80 cent following strong results despite export ban impact
RHB raises its estimates for FY2022 earnings by 45% and FY2023-FY2024 earnings by 10%-12%.
August 16, 2022
Broker's Calls
RHB revises down CPO price assumptions, lowers target prices of planters under coverage
Given expectations of volatile CPO prices, RHB is favouring Wilmar due to its integrated and diversified business model.
August 12, 2022
Broker's Calls
Indonesia's temporary export levy suspension to immediately increase domestic CPO and FFB prices: UOB KH
Indonesia had announced the temporary levy suspension from July 15 to August 31 to boost exports and increase domestic prices.
July 19, 2022
Broker's Calls
'Buy' winners of the change in Indonesia palm oil export tax structure: RHB
The Indonesian government will be imposing a new US$200 per tonne special export tax for the DMO exemption.
June 09, 2022
Broker's Calls
DBS lifts First Resources TP to $2.50 on strong CPO price and earnings prospect
DBS Group Research analyst William Simadiputra says the stock should trade in line with its 5-year average P/E multiple of 15x.
March 23, 2022