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First Resources
Broker's Calls
RHB raises CPO price assumptions, upgrades Bumitama to ‘buy’
Overall, the analysts expect prices to stay higher in 1H2025, trading at RM4,400 to RM4,800 per tonne before moderating in 2H2025.
16 days ago
Broker's Calls
RHB maintains 'neutral' on plantation sector, updates ESG scores
While RHB has kept the target prices for most of the planters unchanged, the analysts have trimmed Wilmar’s target price to $3.30.
August 12, 2024
Broker's Calls
Analysts mixed on First Resources as strong earnings pick-up pulled down by downstream unit
FR's refining margins will only turn positive if prices move up and demand improves, the analyst highlights.
May 16, 2024
Results
First Resources’ 1QFY2024 net profit soars 86.6% y-o-y to US$36.1 mil
Ebitda rose 26% to US$69.4 million on the back of a 6.2% increase in sales to US$210.5 million.
May 15, 2024
Results
First Resources’ FY2023 net profit declines 55.3% y-o-y to US$145.4 mil on softer CPO prices
The effects of softer CPO prices were partially mitigated by an improvement in the overall sales volume.
February 29, 2024
Company in the news
First Resources acquires Riau plantation assets for IDR1.9 tril
First Resources says the addition of these plantation assets marks a significant step in its expansion strategy.
January 17, 2024
Broker's Calls
First Resources’ bidding price for assets in Riau reasonable: analysts
The analysts do not expect to see any earnings contribution from the acquired assets in the next three years.
January 09, 2024
M&A
First Resources acquires plantation for $162.9 mil
First Resources wins $162.9 million bid to acquire a 17,600 hectares plantation in Indonesia.
January 05, 2024
Broker's Calls
RHB upgrades Bumitama to 'buy', maintains 'neutral' on First Resources with lower TP
The analysts have raised Bumitama's FY2023 earnings estimate by 30%.
November 20, 2023
Broker's Calls
UOBKH upgrades plantation sector to 'overweight' on share price strengthening expectations
The upgrade also factors in operating margin expansion in 2H2023 and 2024.
July 26, 2023