First Resources's share price retreat reflected earnings downtrend on the back of the lower CPO price trend in 2023 being priced in.
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Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
William Simadiputra DBS Group Research | https://www.dbs.com/insightsdirect/ 2023-01-11 SGinvestors.io
Read also DBS's most recent report:
2023-07-11 First Resources - Riding On Palm Oil Price Recovery.
Price targets by 2 other brokers at First Resources Target Prices.
Listing of research reports at First Resources Analyst Reports.