WEAKER palm oil prices took a toll on First Resources' second-quarter earnings, as the palm oil producer on Wednesday posted a 52.8 per cent drop in net profit to US$17 million for the three months ended June 30, down from US$35.9 million for the year-ago period. 

PALM oil producer First Resources on Friday said it is raising its investment in subsidiary PT Borneo Ketapang Permai (PT BKP) via a 393.57 billion rupiah (S$37.7 million) subscription for another 393.6 million shares.

PALM oil producer First Resources on Friday said it is raising its investment in subsidiary PT Borneo Ketapang Permai (PT BKP) via a 393.57 billion rupiah (S$37.7 million) subscription for another 393.6 million shares.

SINGAPORE (May 29): UOB Kay Hian says 1Q19 was another weak quarter of earnings for plantation companies largely due to subdued palm and palm kernel oil prices. Although companies with older palm trees reported weaker y-o-y production, most companies are guiding for higher FBB production for the re...

SINGAPORE (Apr 22): UOB KayHian expects interest in palm oil planters such as Golden Agri-Resources, First Resources and Bumitama Agri to rebound, driven largely by a more positive view on CPO prices. Year to date, share prices in Singapore-listed plantation companies have outperformed regional pee...

SINGAPORE (Apr 10): OCBC Investment Research is maintaining Golden-Agri Resources (GAR) at “hold” given the stock has traded close to the +1 s.d. level over the past five years, while crude palm oil (CPO) prices are at the -1 s.d. level. After a 40% fall from early 2017 to end 2018, the share p...

SINGAPORE (Apr 9): OCBC Investment Research continues to rate the soft commodities sector “neutral” despite the renewal of interest in the sector and higher forecast of the year’s price to close. So far, crude palm oil price have increased by about 6% this year, after a 35% plunge from early ...

PALM oil producer First Resources said its net profit fell 49.2 per cent to US$17.3 million for the fourth quarter ended Dec 31, 2018.

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

PALM oil producer First Resources said net profit fell 49.2 per cent to US$17.3 million for the fourth quarter ended Dec 31, 2018, from US$34.2 million a year ago.