first resources
First Resources shares rise 6.3% on Q3 profit surge
Analysts are positive on the palm oil producer, and have set higher target prices
First Resources Q3 profit surges 43.5% to US$87.5 million
Higher average selling prices and sales volumes are credited for the performance
First Resources sells Indonesia units, exits oil palm plantation business in West Papua
The units are former subsidiaries of an Indonesia-listed company under First Resources
SGX-listed plantation firms ride output gains, lure with dividends
While analysts expect the strong streak to continue, downside risks to crude palm oil prices in H2 remain
First Resources to buy remaining shares of Indonesia-listed Austindo Nusantara Jaya
It will purchase around 6.2 per cent of the company’s issued and paid-up share capital, having acquired a 91.2 per cent stake earlier
First Resources posts 43.6% higher H1 net profit of US$149.2 million
Sales jump 47.4% to US$673.9 million, prompting a 56.3% rise in Ebitda
Jakarta’s land crackdown clouds outlook for Singapore-listed plantation firms
Companies tight-lipped on impact after Indonesian authorities confiscate 2 million out of a targeted 3 million hectares of reportedly illegally run plantations
First Resources posts 74.9% higher Q1 net profit of US$63.1 million
Sales are up 33% to US$280 million, prompting a 54% rise in Ebitda to US$107 million
SGX listcos with Indonesia exposure stay resilient amid market meltdown
But analysts raise caution over equities with emerging market exposure
Crude palm oil prices to stay robust on inventory crunch, but may not lift all SGX agri counters
Higher CPO prices are set to persist; analysts expect Bumitama Agri, First Resources to get a boost
