Maybank Kim Eng analyst Thilan Wickramasinghe expects more restructuring exercises on the horizon, particularly amongst large-cap companies pursuing asset-light strategies, though their timings will be hard to predict. Wickramasinghe notes a rising pace in restructurings in Singapore due to str...

On the back of lower crude palm oil (CPO) output from Malaysia in February, analysts from DBS Group Research and RHB Group Research are including Singapore plantation stocks Wilmar International, Bumitama Agri (BAL) and First Resources among their top picks. CPO stockpile fell 1.9% y-o-y and 2.0% m-...

DBS Research Group has revised earnings forecasts for stocks under its coverage up 2% for FY2021 and 3% in FY2022 in anticipation of economic recovery as the global vaccination drive unfolds and business activities pick up. It marks the first time earnings forecasts have been revised upwar...

Analysts have shown mixed reactions after First Resources reported 2HFY2020 earnings of US$53 million ($70.5 million), down 7% y-o-y. The decrease in earnings was caused by lower than expected crude palm oil (CPO) prices due to forward sales transactions and higher inventory build-up due to heavy ra...

FOLLOWING the release of First Resources' FY2020 results last Friday, RHB has downgraded its call on the Indonesian palm oil producer from "buy" to "neutral" and lowered its target price to S$1.60 from S$1.90 previously.

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Wilmar was declared fift...

FIRST Resources on Friday reported net profit of US$56.4 million for the half year ended December 2020, down 5.8 per cent from its H2 FY2019 net profit of US$59.9 million despite higher revenue.

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

UOB Kay Hian is adding GHY Culture and Media (GHY), as well as Innotek to its Alpha Picks portfolio, after both companies reported “strong outperformances” in Jan 2021.  In a Feb 9 note, the brokerage said the portfolio rose 5.7% m-o-m in January vs the Straits Times Index’s (STI or FSSTI...

India has raised its effective import duties on crude palm oil (CPO) effective Feb 2 in a negative for the palm oil industry. Though CGS-CIMB’s Ivy Ng and Nagulan Ravi have thus issued a “neutral” call due to the potential backlash on upstream planters, Indonesian firms with exposure to downst...