FY26E FFB growth guidance unchanged at +5%-10%
-
1Q26 headline PATMI of US$97m (+53% y-o-y) met 30% /28% of our/consensus FY26E estimates. 1Q results were boosted by strong sales revenue (+70% y-o-y) underpinned by
- better FFB nucleus production (+20% y-o-y, benefiting from the acquisition of PT ANJ in May 2025) and
- - Read this at SGinvestors.io -
1Q FFB nucleus production met 21% of our full-year estimate, within historical ranges. First Resources maintains its 5-10% nucleus growth guidance for 2026 (MIBG estimate: +5%).
Raising its unit cash cost guidance by +7% for FY26E
- Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
Ong Chee Ting CA Maybank Research | https://www.maybanktrade.com.sg/ 2026-05-17
Read also Maybank's most recent report:
2026-06-17 First Resources - Upgrade To BUY For Its Attractive Dividend Yield and Integrated Model.
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