ENTITY
First Resources

First Resources (FR SP)

51
Analysis
Consumer StaplesSingapore
First Resources Limited produces crude palm oil. The Company is an upstream operator with primary business activities in the cultivation and harvesting of oil palms, and the processing of fresh fruit bunches into crude palm oil for local and export sales. The Company is also constructing a biodiesel plant located in Dumai, Riau province, close to the Dumai port.
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bearishFirst Resources
16 May 2023 08:32Broker

First Resources - Lower ASPs Dampen 1Q23 Numbers; Downgrade To SELL

Downgrade First Resources to SELL from Neutral, target price drops to S$1.20 from S$1.60, 13% downside. First Resources’s 1Q23 results disappointed.

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