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First Resources
Broker's Calls
RHB upgrades plantation sector to 'neutral' as geopolitical risk of war becomes a reality
RHB analyst Hoe Lee Leng has a “buy” call for Wilmar and “neutral” calls for First Resources, Bumitama Agri and Golden Agri.
February 28, 2022
Broker's Calls
Disconnect between CPO and share prices to remain due to ESG concerns: RHB
The analyst kept a "buy" call for Wilmar International and a “neutral” call for the remaining three SG-listed stocks covered
February 11, 2022
Broker's Calls
First Resources on track for stronger earnings, CGS-CIMB lifts TP to $1.76
Analysts Ivy Ng Lee Fang and Nagulan Ravi have raised their TP for First Resources to $1.76 from $1.67 previously.
November 17, 2021
Results
First Resources reports 3Q21 underlying net profit growth of 44.9% on higher ASP and sales volume
First Resources saw an 89.2% surge in 3Q21 sales driven by higher average selling prices and stronger sales volume.
November 15, 2021
Broker's Calls
RHB downgrades First Resources to 'neutral', sees earnings prospects already reflected in share price
RHB has also raised its target price from $1.50 to $1.70.
October 08, 2021
Broker's Calls
Broker's Digest: Golden Energy and Resources, Genting Singapore, First Resources, Megachem, ARA US Hospitality Trust
See the analysts' recommendations and target prices here.
August 26, 2021
Broker's Calls
UOB Kay Hian downgrades First Resources to 'hold' as analysts look to 2H21 for better results
Analysts expect a stronger 2H21 performance driven by higher CPO prices and a favourable revision in the export tax structure.
August 24, 2021
Results
First Resources 1H21 earnings falls 16.7% y-o-y to US$32.6 mil on higher export taxes
First Resources has declared an interim dividend of 1.25 cents per share.
August 13, 2021
Broker's Calls
RHB favours First Resources despite sector wide ESG concerns
Shares of palm oil companies have “retreated even further” despite CPO prices having breached the RM4,000 level lately, says RHB.
August 02, 2021
Broker's Calls
UOB maintains 'market weight' for plantation sector, First Resources among sector picks
The sector is expected to continue underperforming the market, given weakening CPO prices.
July 19, 2021