The Business Times

first resources

Companies & Markets

‘Double-edged sword’: Wilmar, Golden Agri may face margin squeeze from Iran war, but upstream players could gain

With surging crude oil shortage and rising prices, biodiesel demand expected to rise

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.
Companies & Markets

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.
Companies & Markets

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.
Companies & Markets
HOT STOCK

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.
Companies & Markets

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.
Companies & Markets

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.
Companies & Markets

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.
Companies & Markets

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

The growth was attributed to higher average selling prices and stronger sales volumes, says the Indonesian oil producer.
Companies & Markets

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

The lack of clarity from the major palm oil players on SGX highlights potential financial and operational risks, given their Indonesian exposures.
Asean Business

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

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