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First Resources kept at 'hold' on expectations of better 4Q

Stanislaus Jude Chan
Stanislaus Jude Chan11/16/2017 12:5 PM GMT+08  • 2 min read
First Resources kept at 'hold' on expectations of better 4Q
SINGAPORE (Nov 16): Maybank Kim Eng Research is keeping its “hold” call on oil palm plantation First Resources with an unchanged target price of $2.04.
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SINGAPORE (Nov 16): Maybank Kim Eng Research is keeping its “hold” call on oil palm plantation First Resources with an unchanged target price of $2.04.

This comes after FR saw its earnings fall 11% to US$31.9 million ($43.4 million) in 3Q17, on the back of a 9.3% decline in revenue to US$137.4 million.


See: First Resources' 3Q earnings down 11% to $43.4 mil on lower revenue

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