first resources

First Resources Q1 net profit up 53.1% at US$96.6 million on stronger sales, production output

Elevated energy prices linked to Iran war supported palm oil demand, says group

Indonesia's B50 mandate targets a  50-50 mix of palm oil-based fuel with diesel in all sectors from 2028.

Asean’s biodiesel push fuels palm oil rally, but will SGX-listed players gain?

Higher crude palm oil prices support upstream plantation earnings, but could be a double-edged sword for integrated operators: analysts

Looking ahead, the company expects factors such as government policies and geopolitical dynamics  to continue to influence the market prices of palm and other vegetable oils.

First Resources posts 44.3% rise in H2 net profit to US$204.7 million

The board proposes a final dividend of S$0.102 per share payable on May 15

Analysts say agri industry tailwinds should extend the strong momentum from H1, though policy risks and company specific-challenges cloud the outlook.

Firmer palm oil prices lift SGX agri stocks ahead of H2 results, but Indonesia risks cloud outlook

Market watchers expect the strong streak from earlier in FY2025 to continue, but individual companies face potential downside risks

The counter climbed to S$2.23 as at 10.41 am, and then pared back on some gains to be at S$2.22, or 7.3% up, as at the midday trading break.
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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 posted a 82.5% jump in sales in the third quarter.

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 has decided to streamline its plantation footprint by exiting the oil palm plantation business in the West Papua province of Indonesia.

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

The recent price strength of crude palm oil has been underpinned by policy developments, such as the US biofuel blending targets.

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

The offer price under the mandatory tender offer is 1,813 rupiah per share, which is the same as the price for the earlier acquisition.

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