First Resources - DBS Research 2024-12-10: Productivity Edge Holds Strong

• First Resources (SGX:EB5)’s production had outperformed peers in 3Q24, driven by its estates in Sumatra and Kalimantan, with Kalimantan particularly benefitting from heavy rainfall. First Resources’s operational excellence also played a part, especially fertilising and replanting activities.
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First Resources’s strong production volume should outperform the industry in 2025

• First Resources is set to utilise its new land parcel of 17,600ha. The land parcel is projected to boost output by 8% y-o-y assuming a similar yield to existing estates as its reaches 3-4 years old (2029-2030).
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Steady earnings ahead after performing well in 2024

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Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Previous report by DBS:
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.

Relevant links:
First Resources Share Price History,
First Resources Announcements,
First Resources Dividend Payout Dates & Corporate Actions,
First Resources News