First Resources

Broker's Calls

UOB maintains ‘market weight’ on plantation sector on hopes of better 2H20

UOB Kay Hian has maintained its “market weight” recommendation on the Singapore plantation sector upon improved y-o-y earnings in 1H20, and expectations of a better 2H20.

Broker's Calls

Analysts: Downstream palm oil operators to benefit from Indonesia’s additional B30 funding

SINGAPORE (May 19): Following the recent announcement of renewed government funding for Indonesia’s B30 Biodiesel programme, CGS-CIMB analysts Ivy Ng and Nagulan Ravi have maintained their “neutral

Broker's Calls

Reasons to cash in on plantation stocks amid an industry turnaround: RHB

SINGAPORE (Dec 23): For those looking to cash in on plantation stocks, it’s now or never.

PLANTATIONS

Sector stocks stage a comeback; brighter days ahead as palm oil prices pick up

SINGAPORE (Dec 20): The palm oil industry this past year endured its fair share of turbulent times on the back of weak commodity prices, bad weather and dry spells in key markets such as Indonesia.

AGRICULTURE/HOTELS/RESTAURANTS

Genting Singapore tops list; plantation companies' ROE remains high

SINGAPORE (Sept 16): Genting Singapore, operator of Resorts World Sentosa (RWS), has emerged the winner of the agriculture, hotels and restaurants sector.

In print this week

As El Niño approaches, plantation stocks rally, but is there any value left for retail investors?

SINGAPORE (Apr 29); Before the welcome relief in the form of thunderstorms towards the end of April this year, the weather was hot and dry.

Broker's Calls

New Indonesian export levies great news for upstream planters, but a threat to processors: CGS-CIMB

SINGAPORE (Dec 6): CGS-CIMB Securities is maintaining “neutral” on the Asean agribusiness sector as Indonesia revises its export levies on palm oil and its derivative products, following a drop in

Broker's Calls

First Resources kept at 'buy' on strong 3Q output numbers and attractive valuations

SINGAPORE (Nov 13): Analysts of three research houses are keeping First Resources at “buy” on robust 3Q18 performance, strong output numbers and attractive valuations.

Commodities

The 6 biggest SGX-listed agriculture stocks are beating global benchmarks

SINGAPORE (Sept 4): Six of the biggest agriculture-focused stocks listed on the Singapore Exchange (SGX) are beating global agriculture benchmarks so far this year, according to data from Bloomberg

Broker's Calls

Analysts positive on First Resources' growth despite weak 1Q results

SINGAPORE (May 16): First Resources reported a 44% fall in 1Q18 earnings to US$27.7 million ($37 million) and a 40% fall in 1Q18 profit from operations to US$43.3 million.

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