SINGAPORE (June 26): The reduction of Malaysia’s export duty on crude palm oil (CPO) to zero in June from 4.5% in May has a contrasting impact on several Singapore-listed and Indonesia-based palm oil companies. While the new export tax structure bodes well for First Resources and Golden Agri-Resou...

SINGAPORE (May 27): While First Resources reported earnings (or net profit) of US$22.2 million (S$31.4 million), an 80.9% surge y-o-y for 1Q20, the results still fell short of expectations, according to CGS-CIMB, DBS Group Research, Maybank Kim Eng, and RHB. See also: First Resources posts 80.9% ...

SINGAPORE (May 22): First Resources has reported an 80.9% surge y-o-y in its 1Q20 earnings (or net profit) to US$22.2 million (S$31.4 million) from the US$12.3 million in 1Q19. The growth was attributed to the higher average selling prices in 1Q20 compared to 1Q19, despite the impact on crude palm o...

SINGAPORE (May 19): Following the recent announcement of renewed government funding for Indonesia’s B30 Biodiesel programme, CGS-CIMB analysts Ivy Ng and Nagulan Ravi have maintained their “neutral” call on upstream planters despite a positive outlook for downstream players due to a widening e...

INDONESIAN palm oil producer First Resources saw an 80.9 per cent surge in net profit to US$22.2 million for its first quarter ended March 31, from US$12.3 million a year ago. 

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

FOR the five trading sessions spanning May 8 to 14, the Straits Times Index (STI) declined 2.7 per cent with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging a 0.2 per cent gain. This has brought the STI's decline in total return for the 2020 year to May 14 ...

SINGAPORE (Apr 13): The plantation sector has not been spared by the Covid-19 pandemic. Like any other industry, counters have become victims of panic-induced selling.  In a Monday report, DBS analysts William Simadiputra notes that Malaysia’s crude palm oil (CPO) stockpile for March came in at ...

THE following companies saw new developments that may affect trading of their securities on Wednesday:

INDONESIAN palm oil producer First Resources saw an 84.6 per cent surge in net profit to US$32 million for its fourth quarter ended Dec 31, 2019, from US$17.3 million a year ago.