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First Resources
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First Resources
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halleluyah
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21-Dec-2020 09:05
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fri palm oil px shot up a lot...fy results gonna be great....every q results profit go higher high.....vaccine out liao...fed pump $$ boosting econ...low int....mkt continue rally into 2021....AM ACCUMULATING..... | ||||
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kennyzeng21
Member |
11-Dec-2020 00:35
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No worries. They got their downstream product too. And they also produce biodiesel!  " We have a wide range of product offerings, from crude palm oil (CPO) to refined palm products which include biodiesel. The CPO produced by our plantations and palm oil mills are channelled to our processing plants for refining. From our processing plants, we produce refined, bleached and deodorized palm oil (RBDPO). The RBDPO goes through the fractionation process where RBD palm olein (cooking oil) and RBD palm stearin are subsequently produced. With our biodiesel plant, we can also channel the RBDPO to produce palm based methyl ester also known as biodiesel."   http://www.first-resources.com/ourbusiness.php?pc=products  
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kennyzeng21
Member |
10-Dec-2020 23:31
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" Risks to global CPO demand will abate if the new levy structure is sustained and Indonesia' s biodiesel consumption grows. In that case, we see a likelihood of the average benchmark price in 2021 being higher at around USD650/t, despite a decline in price over the course of the year as output picks up. The increase in Indonesia' s export levies and the resultant boost to benchmark CPO prices should benefit Malaysian producers such as Sime Darby Plantation Berhad (BBB/Negative) more than Indonesian palm oil companies in general, as higher levies will trim the benefit from better prices. However, the impact of levies should be largely negated for companies such as PT Tunas Baru Lampung Tbk (B+/Negative) and Golden Agri-Resources Ltd. which also produce biodiesel, due to an improved sales outlook." https://www.fitchratings.com/research/corporate-finance/indonesia-export-levy-revision-to-support-crude-palm-oil-prices-stability-key-08-12-2020
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halleluyah
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10-Dec-2020 08:51
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START TDY INDONESIA IMPOSING HIGHER LEVIES ON CRUDE PALM OIL WHICH COULD IMPACT DEMAND NEXT YR.... | ||||
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rainbowman
Senior |
09-Dec-2020 16:24
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waking up again, nice and steady | ||||
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kennyzeng21
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07-Dec-2020 19:03
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I didnt say it will.......somebody mentioned so i was asking.......
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actan99
Master |
01-Dec-2020 13:33
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Sorry but why you say will delist ?  Any news on this ? 
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kennyzeng21
Member |
27-Nov-2020 15:07
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now the same pattern at 1.38-1.39.
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rainbowman
Senior |
24-Nov-2020 14:07
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Finally waking up, nice and steady...
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kennyzeng21
Member |
24-Nov-2020 10:52
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rebounded already
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halleluyah
Supreme |
24-Nov-2020 09:14
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accumulate............. undervalue | ||||
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halleluyah
Supreme |
24-Nov-2020 09:04
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lets go......... | ||||
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kennyzeng21
Member |
23-Nov-2020 20:22
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dunno ...lol but good price point to enter now IMO. DYODD
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halleluyah
Supreme |
23-Nov-2020 15:19
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use cash to long....expect coming q results will be the best fr fy...most counter went up to almost pre covid liao except tis babe yet is performing vry gd....
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rainbowman
Senior |
23-Nov-2020 15:12
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Agree, price is undervalued. Recent selling quite strange. Looking to add
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halleluyah
Supreme |
23-Nov-2020 14:54
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looking to add since tis haven move up yet.....
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NT1825
Master |
23-Nov-2020 14:48
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Last 3 Bid Queue adds to 1M++ indicating buying pressure. Olam and Wilmar have started to move upwards, FR expected to just follow the upward trend =dyod== |
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halleluyah
Supreme |
23-Nov-2020 11:05
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makan 1.26....cross 1.30 then will fly vry fast up.... | ||||
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halleluyah
Supreme |
23-Nov-2020 09:20
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can be esily run up to 1.45 .............b4 covid it was in 1.7x lvl which palm oil px was much lower tat time.....
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halleluyah
Supreme |
23-Nov-2020 09:01
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in top volumme which is vry rare...........hope gd news to come.........shlb be running up wth gd profit fr 3 consecutive 3q....damn rock bottom px....... | ||||
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