SINGAPORE (Nov 10): Analysts are staying positive on First Resources following strong performance from the Indonesia-based oil palm plantation in 3Q.
First Resources saw 3Q16 core net profit grow 13.7% y-o-y to US$36.0 million ($50.4 million), while revenue surged 40.6% y-o-y to US$151.5 million.
“FR is one of our preferred picks in the plantation sector for its cost efficiency and hands-on management,” says UOB Kay Hian lead analyst Ooi Mong Huey in a Thursday report.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
