Despite expecting the year’s fundamentals of supply to improve with moderation in crude palm oil (CPO) prices in 2H22, RHB Group Research analyst Hoe Lee Leng says valuations will remain dampened by ESG risks. She maintains “underweight” on the plantation sector, with a "buy" call for Wilmar I...

Q: What can we look forward to in 2022? A: The theme song of the movie Rocky III by rock band Survivor may be a good guide. For my previous column titled “All I want for Christmas” (The Edge Singapore, Issue 1016), I received quite a bit of feedback that while the general maxim of staying inve...

DBS Group Research has upgraded First Resources to "buy" from "hold" with an unchanged target price of S$1.83. The recommendation comes after the palm oil producer's share price corrected by 20 per cent in November, presenting a good buying opportunity.

Watch out for Omicron, as the new Covid-19 variant is set to exert short-term pressure on reopening names in travel and hospitality, along with office and retail segments, say DBS Group Research analysts Paul Yong and Yeo Kee Yan. “In the short-term, we can expect news flow on travel restrictions ...

CGS-CIMB analysts Research analysts Ivy Ng Lee Fang and Nagulan Ravi have raised their target price for First Resources to $1.76 from $1.67 previously, as the company is poised for stronger 4Q21F earnings. First Resources reported a 5.6% y-o-y rise in 9M21 underlying net profit — thanks to a stron...

FIRST Resources on Monday (Nov 15) reported an underlying net profit of US$52.8 million (S$71.4 million) for the third quarter ended Sep 30, up 44.9 per cent from US$36.5 million the year before.

First Resources has reported underlying net profit of US$52.8 million ($71.4 million) for the 3QFY2021 ended September, an increase of 44.9% from the previous year. The higher underlying net profit follows an 89.2% surge in sales to US$314.2 million for 3QFY2021, driven by higher average selling pri...

THE following companies saw new developments that may affect trading of their securities on Monday (Nov 15):

FIRST Resources on Monday (Nov 15) reported an underlying net profit of US$52.8 million (S$71.4 million) for the third quarter ended Sep 30, up 44.9 per cent from US$36.5 million the year before.

Although fundamentals still point to moderating prices in 2022, the risk of La Niña in 4Q21 and 1Q22 could keep prices higher for longer, says RHB Group Research analyst Hoe Lee Leng. She maintains “underweight” on the plantation sector, with a “neutral” recommendation on three out of four ...