Latest Forum Topics / First Resources Last:1.49 -- |
![]() |
First Resources
|
|||||
joe1991
Member |
15-May-2023 18:45
|
||||
x 0
x 0 Alert Admin |
M boss, can trust RHB? look like shorties shorted and grill by SBB? | ||||
Useful To Me Not Useful To Me | |||||
msksmsks
Elite |
15-May-2023 16:43
|
||||
x 0
x 0 Alert Admin |
Downgradesd but buck the trend and go higher. LOL | ||||
Useful To Me Not Useful To Me | |||||
|
|||||
msksmsks
Elite |
15-May-2023 15:36
|
||||
x 0
x 0 Alert Admin |
FR being downgraded by RHB to $1.2
|
||||
Useful To Me Not Useful To Me | |||||
joe1991
Member |
14-May-2023 18:14
|
||||
x 0
x 0 Alert Admin |
Price don drop cld be due to SBB support like msk said. also cash balance strong,, gearing low.. y they don privatise. |
||||
Useful To Me Not Useful To Me | |||||
Joelton
Supreme |
14-May-2023 01:34
|
||||
x 0
x 0 Alert Admin |
First Resources Q1 net profit falls 73.8% to US$19.3 million
 
FIRST : EB5 +0.72%Resources : EB5 +0.72% reported a 73.8 per cent fall in net profit to US$19.3 million for the first quarter ended Mar 31, from US$73.6 million the year before.
 
The palm oil producer&rsquo s sales decreased 34.7 per cent to US$198.2 million, from US$303.5 million. 
 
Against record-high palm oil prices in 2022, First Resources&rsquo average selling prices and profitability for Q1 moderated due to a high-base effect, it said on Friday (May 12). 
 
It added that overall sales volumes were impacted by a net inventory build-up of 19,000 tonnes and lower production volumes. 
 
In the quarter, the company harvested 731,672 tonnes of fresh fruit bunches, down 2.8 per cent from 752,927 tonnes the previous year. 
 
Crude palm oil production declined 3.8 per cent to 185,263 tonnes, from 192,667 tonnes. 
 
The group&rsquo s earnings before interest, taxes, depreciation and amortisation for Q1 was US$55.1 million, down 55.3 per cent from US$123.3 million. 
 
&ldquo Palm oil prices had moderated since mid-last year and have been restrained by weakening prices of competing vegetable oils amid ample world supplies and the extension of the Black Sea Grain Initiative in March this year,&rdquo said First Resources. 
 
However, the group added that the fundamentals of the palm oil industry were still supported by tight inventories from producing countries and continued domestic consumption demand from Indonesia, due to a policy restricting the country&rsquo s palm oil export volumes.
 
As at Mar 31, the group said its &ldquo financial position remains strong&rdquo with a gross gearing ratio of 0.19 times, as well as cash and bank balances of US$486 million.
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
msksmsks
Elite |
13-May-2023 20:13
|
||||
x 0
x 0 Alert Admin |
Co supported by doing SBB, no wonder 
|
||||
Useful To Me Not Useful To Me | |||||
rledchg11
Member |
12-May-2023 19:52
|
||||
x 0
x 0 Alert Admin |
and El Nino ... is coming ? headache... (
|
||||
Useful To Me Not Useful To Me | |||||
msksmsks
Elite |
12-May-2023 14:39
|
||||
x 0
x 0 Alert Admin |
Impressive
Despite decline in revenue and profitability, after knee jerk reaction initially and turned up .. Steady poon bibi |
||||
Useful To Me Not Useful To Me | |||||
|
|||||
msksmsks
Elite |
12-May-2023 09:52
|
||||
x 0
x 0 Alert Admin |
Numbers don lie..... Mkt had spoken.. Q2 for FR wl not be good too..... Waiting for price to drift lower as lacking of  any catalysts ... Co may do SBB to support and that' s the saving grace and stock is oversold...   |
||||
Useful To Me Not Useful To Me | |||||
msksmsks
Elite |
12-May-2023 07:26
|
||||
x 0
x 0 Alert Admin |
Q1 update out liao
Revenue down 34.7% Net profit down 73.8% What a drastic decline both top and bottom line. Next , the 2Q wl be more severe in comparison as CPO was sky rocketing high last year. As mentioned b4, both revenue/profit wl be affected . Let's wait and see how mkt perceive |
||||
Useful To Me Not Useful To Me | |||||
msksmsks
Elite |
10-May-2023 14:36
|
||||
x 0
x 0 Alert Admin |
I thinked it's prudent to wait for their Q1 earnings to be released next wk then ascertain whether to accumulate this level or even lower
Mkt hvnt priced in the decline in CPO which wl affect FR revenue ... Stay cautious and don get caught on the wrong side. Cheers
|
||||
Useful To Me Not Useful To Me | |||||
Tracer63
Master |
10-May-2023 13:37
|
||||
x 0
x 0 Alert Admin |
Accumulate First Resource 1.36 | ||||
Useful To Me Not Useful To Me | |||||
|
|||||
msksmsks
Elite |
08-May-2023 16:15
|
||||
x 0
x 0 Alert Admin |
Hv la.
When they announce full year result and the final dividend, share price was abv 1.7+..
|
||||
Useful To Me Not Useful To Me | |||||
JAD_Trader
Senior |
08-May-2023 14:23
|
||||
x 0
x 0 Alert Admin |
Dont see price jumped during CD, maybe alreadt priced in at that time.
|
||||
Useful To Me Not Useful To Me | |||||
msksmsks
Elite |
08-May-2023 14:18
|
||||
x 0
x 0 Alert Admin |
Gap down becz of XD (12 cts)
What's material is their forthcoming Q1 earning
|
||||
Useful To Me Not Useful To Me | |||||
JAD_Trader
Senior |
08-May-2023 14:08
|
||||
x 0
x 0 Alert Admin |
Gap down quite alot today. Market sentiment on this stock seems not so good at the moment.   |
||||
Useful To Me Not Useful To Me | |||||
msksmsks
Elite |
08-May-2023 11:41
|
||||
x 0
x 0 Alert Admin |
CPO lasty Fri rally wl not change the fact that it had declined  quite significantly fm record high when war broke out last year in Feb In comparison, the ASP for CPO wl likely lower in vis-a-vis (Q/Q) and that likely wl affect FR' s revenue too Mgmt also guided weaker revenue this year  due to higher base of CPO last year Looking for opportunity to collect cheap    |
||||
Useful To Me Not Useful To Me | |||||
sfw2124
Member |
08-May-2023 11:16
|
||||
x 0
x 0 Alert Admin |
Just for sharing : CPO price surge last Fri 5/May significantly ? Check this out :  Daily Palm Oil Prices &ndash MPOC |
||||
Useful To Me Not Useful To Me | |||||
msksmsks
Elite |
08-May-2023 09:14
|
||||
x 0
x 0 Alert Admin |
After XD, next wl be their result ... Lets see whether wl fall below $1.3 |
||||
Useful To Me Not Useful To Me | |||||
msksmsks
Elite |
03-May-2023 15:38
|
||||
x 0
x 0 Alert Admin |
Taking a cue fm Wilmar, wl FR be the next to fall
When they announce their result Numbers don lie.... Wl know soon |
||||
Useful To Me Not Useful To Me |