As a result of Indonesia’s new export levy structure, which is in favour of First Resources, RHB Securities reckons the palm oil producer will rake in higher earnings. The brokerage has raised its FY2020-FY2022 earnings by 6.5%-9.2% on the back of higher downstream margins, including foreign excha...

Finding attractive stock picks in a volatile market can be difficult as the world continues to grapple with the Covid-19 pandemic. But for UOB Kay Hian Research (UOB KH), some of its top picks are palm oil producer First Resources, power generation company Sunpower Group and food manufacturer Food E...

The upcoming rollout of Covid-19 vaccines here will accelerate the rebound of small- and mid -cap stocks (SMC) and they are expected to catch up with larger caps on attractive valuations, says DBS Group Research analyst Ling Lee Keng in a Jan 5 note.  The hospitality and retail sectors, in part...

With a viable Covid-19 vaccine seemingly just around the corner, global investors are increasingly switching out of growth plays towards value stocks. Despite signs of optimism in market laggards, UOB KayHian analyst Adrian Loh urges investors to buy into blue chips with strong financials and divide...

Analysts have continued to be positive on the prospects of First Resources following the plantation company’s improved performance in 3Q20 and 9M20. Maybank Kim Eng believes First Resources will likely report stronger q-o-q earnings in 4Q20 given the recent spike in crude palm oil (CPO) price to a...

First Resources has reported net profit of US$37.1 million ($50.1 million) for the 3QFY2020 ended Sept 30, some 33.0% higher than the US$27.9 million reported a year ago. 3QFY2020 earnings before interest taxes depreciation and amortization (EBITDA) was up 15.5% y-o-y to US$71.4 million, while sales...

Agribusiness players are generally positive on crude palm oil (CPO) prices for the remainder of the year with the current rally set to ease with improved supply in 1H21F, note CGS-CIMB analysts Ivy Ng and Nagulan Ravi in an Oct 29 note.  Ng and Ravi are maintaining their ‘neutral’ call on t...

FOR the five local trading sessions that spanned Oct 16 to 22, the Straits Times Index (STI) gained 0.2 per cent, with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging a 0.6 per cent gain.

Could the worst be behind the Singapore market? Despite the worst of regional lockdowns in 2Q2020, only 28% of combined STI and MKE (Maybank Kim Eng) coverage stocks missed Street expectations, with an equal number beating expectations, note Maybank analysts Thilan Wickramasinghe, Gene Lih Lai and K...

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. UOB Kay Hian analysts Leow Huey Chuen and Jacquelyn Yeow noted the reason behind most companies’ better 1H20 earnings was d...