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First Resources
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msksmsks
Supreme |
29-Nov-2024 13:24
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CPO getting higher again. now at 5039 FR can' t be oblivion to the surging price of the CPO It wl move up strongly
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msksmsks
Supreme |
29-Nov-2024 12:40
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CPO broke 5000 and now standing at 5019 FR wl start moving strongly upwards PDYODD
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msksmsks
Supreme |
29-Nov-2024 11:29
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CPO stands at 4978, up again Pretty soon, we may see 5000 One can' t ignore the rising prices without lifting a lid on the share price . Opined FR wl be gg up in no time.. Numbers don lie and those shorts wl need to cover with scripts being returned or replenished in custodian acct PDYODD
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msksmsks
Supreme |
29-Nov-2024 09:50
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Artificial depression by the concerted effort fm Angmoh hses wl not be indefinitely. With escalating CPO prices and staying elevated, the flood gate wl need to be opened for FR to rise Technically, FR is bottomish and poised for reversal once 1.51 is breached PDYODD as usual |
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msksmsks
Supreme |
29-Nov-2024 08:54
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CPO stands at 4903 Wtih escalating prices and staying elevated , it wl agurs well for palm stocks including FR Opined 4Q result wl be good and looking fwd to higher dividend payout for 2H24 . The subsequent qtrs wl be better in vis-a-vis comparison for FY25 Know what u are investing and what' s forthcoming PDYODD |
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msksmsks
Supreme |
28-Nov-2024 09:03
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After recent retracement fm CPO high of ard 5200 to 46XX level, now the price is back abv 48xx level. Bodes well for palm stocks. and wl agurs well for FR gg fwd. Looking fwd share price to move ahead soon PDYODD |
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msksmsks
Supreme |
27-Nov-2024 15:07
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As usual, selling by the angmoh
(HSBC, ML, MS) in concerted effort again . Nothing new and hv seen and experienced b4. It's been a lacklustre year for FR due to falling CPO prices. But recent strong CPO wl agurs well for FR gg fwd . Opined FR wl do well 4Q24 and subsequent qtrs too. PDYODD |
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msksmsks
Supreme |
27-Nov-2024 10:32
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Abt to turn up .. Bottomish and reversal in the making CPO trending up after recent retracement 4Q result shld be good due to recent high CPO and possibly higher dividend and also forthcoming qtrs wl be better Cheers
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msksmsks
Supreme |
25-Nov-2024 09:18
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Reversal in the making after forming the base 1.48 | ||||
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Joelton
Supreme |
15-Nov-2024 11:18
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First Resources Q3 profit up 19.3% to US$61 million
This comes amid higher average selling prices and improved processing margins
FIRST Resources : EB5 +1.29%&rsquo net profit for the third quarter ended September rose 19.3 per cent to US$61 million, from US$51.1 million in the previous corresponding period.
Sales were up 2.3 per cent at US$253.9 million for the quarter, while earnings before interest, taxes, depreciation and amortisation increased 27.8 per cent on the year to US$105.9 million.
This brings the nine-month net profit to US$151.6 million, up 27.6 per cent from US$118.8 million in the same period last year.
Sales for the nine-month period were up 2 per cent on the year to US$711.1 million.
On Thursday (Nov 14), the group said that the better financial performance came amid higher average selling prices, as well as improved processing margins.
&ldquo Lower-than-expected palm oil production and increasing domestic consumption from Indonesia have tightened global supply-demand dynamics, pushing palm oil prices higher,&rdquo noted First Resources.
For Q3, its crude palm oil production inched up 0.2 per cent to 287,004 tonnes and palm kernel production grew 0.8 per cent to 62,567 tonnes.
First Resources also harvested 2.4 per cent more fresh fruit bunches in Q3 &ndash 1.1 million tonnes.
For the nine-month period, crude palm oil production improved 3.5 per cent to 717,250 tonnes, and palm kernel production rose 3.9 per cent to 156,169 tonnes.
Fresh fruit bunches harvested were up 4.5 per cent at 2.7 million tonnes.
The group noted that Indonesia&rsquo s biodiesel mandate, which is set to increase from B35 to B40 next year, is expected to drive domestic demand and consumption.
Additionally, changes to Indonesia&rsquo s export levy structure in September this year will also reduce the export tax burden for exporters, said First Resources.
The group remains cautious about weather conditions, global economic factors and geopolitical dynamics.
As at Sep 30, attributable equity increased 6.7 per cent to US$1.4 billion, from US$1.3 billion as at Dec 31. This was mainly due to profits generated during the nine-month period, partially offset by dividends paid to shareholders during the period.
The group also highlighted a healthy financial position with a gross gearing ratio of 0.19 times, as well as cash and bank balances of US$147.9 million as at Sep 30.
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ozone2002
Supreme |
04-Nov-2024 10:36
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KGI Research First Resources (FR SP): Palm oil prices at a two-year high BUY Entry &ndash 1.48 Target&ndash 1.60 Stop Loss &ndash 1.42 
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superstartup
Supreme |
29-Oct-2024 15:43
Yells: "Enjoy doing Fundamental Research" |
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Palm Oil prices green green green again Multi years high once again Hopefully next month can go even higher due to Malaysia New Tax starting 1 Nov Should be great for Indo Palm companies since they are Indo, and not subjected to this extra tax enjoy the fruits of Malaysia Policy which help to drive price higher
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superstartup
Supreme |
28-Oct-2024 12:29
Yells: "Enjoy doing Fundamental Research" |
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People think Palm Oil price will move in same direction with Crude Oil price Both oil, but different la Palm Oil Futures is now Green |
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superstartup
Supreme |
25-Oct-2024 15:07
Yells: "Enjoy doing Fundamental Research" |
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Really above 150
Bumitama, see later catch up anot and go above 80
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superstartup
Supreme |
25-Oct-2024 13:55
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Malaysia&rsquo s palm oil surge: What&rsquo s driving prices to biggest highs since 2022?By Malay Mail
Friday, 25 Oct 2024 9:40 AM MYT
KUALA LUMPUR, Oct 25 &mdash Palm oil prices in Malaysia surged to their highest levels since July 2022, with Bursa Malaysia&rsquo s third-month crude palm oil futures closing at RM4,486 per tonne on Wednesday (October 23). According to analysis by BMI, this marks a 22.6 per cent increase for the year to date and a 19.5 per cent gain compared to the same period in 2023. |
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superstartup
Supreme |
25-Oct-2024 10:56
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Palm Oil Futures open low But now Back Up Green liao Multi-years high again Hopefully First Resources can break 150, And Bumitama can break 80 soon And stay, consolidate above these levels will be very good |
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superstartup
Supreme |
24-Oct-2024 21:47
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Palm Oil futures hit MYR 4,684 Today closing over at Malaysia Multi-Years High |
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superstartup
Supreme |
08-Oct-2024 09:01
Yells: "Enjoy doing Fundamental Research" |
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Palm Oil increased to a 26-week high of 4408.00 MYR/T. Over the past 4 weeks, Palm Oil gained 11.55%, and in the last 12 months, it increased 20.53%. 11 minutes ago |
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Alignment
Elite |
11-Sep-2024 21:12
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Alamak EU deforesting law ouch for palm oil producers. Europeans bullying Indonesia and Malaysia will probably result in some short term share price pain. But in terms of fundamentals should not make too much difference. Palm oil is fungible, and if Europeans don' t want to buy from Indonesia and Malaysia then they will buy elsewhere, and those non European people who otherwise would have bought elsewhere will now buy from Indonesia and Malaysia. So just a roundabout in the end. | ||||
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msksmsks
Supreme |
02-Jul-2024 10:01
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SBB din stop FR slipping down, sigh If 1.36 can' t hold , then perhaps wl go to 1.33 like last time. But opined it wl resume uptrend for 2Q or half year result .... and possibly ushering higher dividend vis-a-vis comparison CPO is steady risiing abv 4K shld agurs well for FR |
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