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First Resources
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 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
Indonesia's B35 mandate may not effectively lower stocks in the near term: CGS-CIMB
The B35 policy, effective on July 20, is aimed at reducing palm oil inventories in Indonesia.
July 12, 2022
Broker's Calls
Higher biodiesel mandate in Indonesia medium-term positive for Indonesian biodiesel producers: CGS-CIMB
The plan would allow the producers such as Wilmar, Golden Agri and First Resources to expand their revenues and earnings base.
July 04, 2022
Broker's Calls
Uncertainties abound in the plantation sector amid tightening supply and demand of vegetable oils
A trading strategy is best for the sector in light of the volatility in CPO prices, says RHB Group Research analyst Hoe Lee Leng.
April 12, 2022
Broker's Calls
Broker's Digest: Mapletree Commercial Trust, Wilmar International, ESR-REIT, First Resources
See what the analysts have to say on these counters.
March 24, 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
Broker's Calls
Wilmar will still be an outperformer in 2022, UOB KH and RHB maintains 'buy'
Wilmar’s 2022 performance will be driven by palm and sugar operations.
March 14, 2022
Broker's Calls
Analysts raise First Resources TPs on higher CPO price assumptions
Analysts at RHB, CGS-CIMB and Maybank have raised their target prices for First Resources to $2, $2.12 and $1.88 respectively.
March 01, 2022