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First Resources (FR)
Results
First Resources reports 1QFY2022 earnings of US$73.6 mil, 8.4 times higher y-o-y
The higher figures were attributable to the stronger average selling prices (ASPs) despite lower sales volumes.
May 13, 2022
Results
First Resources sees 2HFY2021 double to $174.0 mil; proposes final dividend of 5.1 cents
The final dividend of 5.10 cents per share is the highest since the group’s listing.
February 25, 2022
Broker's Calls
DBS downgrades First Resources to 'hold' citing limited further upside potential
First Resources' share price climbed 32% year-to-date, outperforming its plantation peers.
November 05, 2021
Broker's Calls
India's cut in duties on CPO is slightly positive for counters such as First Resources and Wilmar: CGS-CIMB
The CGS-CIMB analysts have kept “add” on both First Resources and Wilmar with target price estimates of $1.69 and $6.15.
July 06, 2021
Broker's Calls
Wilmar, First Resources, Bumitama Agri among analysts' top plantation picks
RHB has maintained 'neutral' on the plantation sector and 'buy' on Wilmar while DBS has kept 'buy' on Wilmar, FR and BAL.
March 15, 2021
Stocks To Watch
First Resources: Seeking prosperity in palm oil
There is consensus among analysts that First Resources will be a top pick going into the Year of the Ox.
February 10, 2021
Broker's Calls
Bright spots in palm oil industry despite higher Indian CPO duties
The rising costs of refining palm oil in India could see refiners in Indonesia could becoming more competitive.
February 09, 2021
Agriculture / Hotels / Restaurants
Green shoots emerging from the ashes of Covid-19 in palm oil sector
While plantation stocks are typically strongly correlated with CPO, only Wilmar International’s share price has a meaningful gain.
December 18, 2020
Broker's Calls
Plantation stocks good value amid crude palm oil rally, says RHB Research
Earnings are likely to be stronger y-o-y in 2020 and 2021 assuming a higher CPO price of MYR2500/tonne.
July 28, 2020
Broker's Calls
Malaysia’s zero export duty tax bodes well for First Resources, Golden Agri; but not Bumitama: RHB
The reduction of Malaysia’s export duty on crude palm oil (CPO) to zero in June from 4.5% in May has a contrasting impact on several Singapore-listed and Indonesia-based palm oil companies.
June 26, 2020