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First Resources
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First Resources
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Singpost
Master |
19-Sep-2023 08:07
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Chart shown acculation almost done .. BB ready to have the counter up soon .... target 170 |
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Everyday
Master |
11-Aug-2023 08:01
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Dividend 2.5c Net profit down fr 128m(1H2022) to 71.5m (1H2023) First Resources continues to be in a net cash position of US$28.2 million as at 30 June 2023, with gross gearing ratio at 0.18 times and cash and bank balances of US$286.4 million https://links.sgx.com/1.0.0/corporate-announcements/TOI4KBRYUFP6AQ6Y/4afcea6ce4bec2b5002e9b2e82710d9093f5df8eb2eefcd3364f040b7d4ab5f5 https://links.sgx.com/1.0.0/corporate-announcements/I7E5V8KLKKPTHB7C/57d798e21720f8a192ac721487643296dfa81148f1d6a100df8ee4e66e0b8907 |
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joe1991
Member |
26-Jul-2023 13:40
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谢 谢 ,我 会 慢 慢 学 ,慢 慢 赚 回 钱 .😄 | ||||
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msksmsks
Elite |
26-Jul-2023 12:43
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明 白 。
你 去 朱 古 力 那 看 看 。 先 布 局 有 啥 不 懂 , PM me
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joe1991
Member |
26-Jul-2023 12:27
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我 没 钱 買 .分 析 師 讲 到 这 么 惨 ,有 钱 也 不 敢 買 .😄 | ||||
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msksmsks
Elite |
26-Jul-2023 10:03
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恭 喜 , 恭 喜
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joe1991
Member |
26-Jul-2023 09:36
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和 rex 一 样 ,相 信 分 析 師 的 下 场 .
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msksmsks
Elite |
05-Jul-2023 15:43
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Delfi
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joe1991
Member |
05-Jul-2023 15:38
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simi co.. nvr jiao... | ||||
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msksmsks
Elite |
05-Jul-2023 15:33
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Congrats.
Now I'm into Chocolate Happily collecting
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joe1991
Member |
05-Jul-2023 15:12
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Lai le...cheong argh
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msksmsks
Elite |
23-Jun-2023 09:52
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Under seige Let' s see how low it can go |
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123Sang
Senior |
25-May-2023 20:31
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jia bah, eng eng look at this counter chart.....swee swee | ||||
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123Sang
Senior |
18-May-2023 23:24
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bring it private at $2.50.... | ||||
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CheeryVGoh
Supreme |
16-May-2023 14:26
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UOB KH  " hold" TP : 1.55 MayBank KE  " Buy" TP : 1.85 1 said sell, 1 said Hold, 1 said Buy, 1 Neutral. 
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msksmsks
Elite |
16-May-2023 12:22
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Downgraded but still keep gg up. LOL | ||||
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Joelton
Supreme |
16-May-2023 10:41
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RHB downgrades First Resources to &lsquo sell&rsquo after results disappoint
 
RHB downgraded First Resources : EB5 +2.88% to &ldquo sell&rdquo from &ldquo neutral&rdquo , and lowered its target price to S$1.20 from S$1.60 on Monday (May 15).
 
The downgrade implies a potential downside of 12.4 per cent from the counter&rsquo s last trading price of S$1.37 as at 11.44 am. At the time, the palm oil producer&rsquo s shares were down 1.4 per cent or S$0.02.
 
RHB&rsquo s new target price is nine times its FY2023 price-to-earnings estimate. The research house noted that the palm oil producer is trading at a &ldquo steep&rdquo price-to-earnings ratio of 9.5 times, higher than its peers, who are trading between six to nine times.
 
On Friday, First Resources reported a disappointing 73.8 per cent fall in net profit to US$19.3 million for the first quarter ended Mar 31, 2023, on lower sales and a moderation in average selling prices.
 
Q1 net profit only made up 8 to 9 per cent of RHB&rsquo s and consensus FY2023 earnings forecast, RHB said.
 
RHB slashed its earnings estimates for First Resources by 20 per cent to 26 per cent for FY2023 to FY2025. The decline comes as it expects lower output of fresh fruit bunches, lower downstream margins and higher unit costs. The research team also took into account its latest in-house foreign exchange assumptions.
 
It also trimmed its growth forecast for fresh fruit bunches in FY2023 to 1.2 per cent year on year, and maintained its FY2024 to FY2025 growth forecast at 2 per cent to 4 per cent year on year.
 
This comes as First Resources&rsquo nucleus fresh fruit bunches production fell by 3.3 per cent on year, below RHB&rsquo s 2.2 per cent projection and the management&rsquo s 0 per cent to 5 per cent guidance for FY2023.
 
Remaining conservative, the research house also trimmed its estimates for the group&rsquo s downstream margins for FY2023 to FY2025 to reflect a gradual recovery. However, it expects First Resources&rsquo downstream margins to remain positive for the next few quarters, given Indonesia&rsquo s competitive edge over Malaysia.
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msksmsks
Elite |
16-May-2023 08:39
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Citi remained neutural and lower TP $1.43
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123Sang
Senior |
15-May-2023 20:45
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don' t mind management to take it private at $2.50.... | ||||
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msksmsks
Elite |
15-May-2023 18:53
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Analysts hv their respective views , so we need to read objectively whether does it make sense ..
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