First Resources    Last:2.67    -0.06

First Resources

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

Tracer63      ( Date: 10-May-2023 13:37) Posted: Accumulate First Resource 1.36

 

Accumulate First Resource 1.36

 

Hv la.

When they announce full year result and the final dividend, share price was abv 1.7+..

JAD_Trader      ( Date: 08-May-2023 14:23) Posted: Dont see price jumped during CD, maybe alreadt priced in at that time. msksmsks      ( Date: 08-May-2023 14:18) Posted: Gap down becz of XD (12 cts) What's material is their forthcoming Q1 earnin

 

Dont see price jumped during CD, maybe alreadt priced in at that time.

msksmsks      ( Date: 08-May-2023 14:18) Posted: Gap down becz of XD (12 cts) What's material is their forthcoming Q1 earning JAD_Trader      ( Date: 08-May-2023 14:08) Posted: Gap down quite alot today. Market sentiment on this stock seems not so good at the moment.

 

Gap down becz of XD (12 cts)

What's material is their forthcoming
Q1 earning

JAD_Trader      ( Date: 08-May-2023 14:08) Posted: Gap down quite alot today. Market sentiment on this stock seems not so good at the moment.

 

Gap down quite alot today.
Market sentiment on this stock seems not so good at the moment.
 

 

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 
 

 

Just for sharing : CPO price surge last Fri 5/May significantly ?

Check this out :  Daily Palm Oil Prices &ndash MPOC

 

After XD, next wl be their result ...

Lets see whether wl fall below $1.3

 

Taking a cue fm Wilmar, wl FR be the next to fall
When they announce their result

Numbers don lie....

Wl know soon

 

CPO currently stands ard 3421 and last wk fell
below 3400

Luckily, the share price still trading $1.50 which
Seems being supported by it's forth coming dividend .

However, I still doubtful that their earnings for these two coming QTR wl not be impacted....decline in
Earnings when Q/Q comparison

Let's wait and see...

FR is a good Co but the entry price and timing is important as not to be caught off guard.

 

seems like GAR also got the same symptom...   

msksmsks      ( Date: 17-Apr-2023 09:33) Posted: Will FR drop $1.5 and below soon .... Keen to know what' s their Q1 wl be......

 

Will FR drop $1.5 and below soon ....

Keen to know what' s their Q1 wl be......

 

 

CPO still down .  now at 3512 which seems pretty bad

Yet share price buck the trend..

Lets see the outcome once Q1 result is out

 

CPO still down.

Currently 3531

OMG......

 

CPO still gg down .

Currently 3606

No eye see liao....

大 家 心 里 有 数 。

 

My adv stay away fm FR for the time being.

No catalyst except the generous dividend payable in May. But price wl fall in tandem and forthcoming results wl not be as good vis-a-vis comparison which mgmt expected that too.

Look at OLAM. Maybe a good hedge for more upside

Cheers

rledchg11      ( Date: 23-Mar-2023 12:12) Posted: if Q1 results..... last check, Jan/Feb . price was about 900usd if March also 900.  seems like 23Q1 selling  can be better than Q422. in terms of unit selling price... not sure about the demand... and cost... but, like you mentioned... yeap, Q2... then, versus Q1.... 2023... scary scary.... maybe people sapu the Ex... then... start selling and go somewhere else... ha msksmsks      ( Date: 23-Mar-2023 10:46) Posted: I' m bullish since last early last year but turned  bearish  atm Their Q1 result wl speak for itsel

 

if Q1 results.....
last check, Jan/Feb . price was about 900usd
if March also 900. 
seems like 23Q1 selling  can be better than Q422. in terms of unit selling price... not sure about the demand... and cost...
but, like you mentioned... yeap, Q2... then, versus Q1.... 2023... scary scary....
maybe people sapu the Ex... then... start selling and go somewhere else... ha

msksmsks      ( Date: 23-Mar-2023 10:46) Posted: I' m bullish since last early last year but turned  bearish  atm Their Q1 result wl speak for itself rledchg11      ( Date: 23-Mar-2023 10:27) Posted: wah piang... how? jialak leow... if CPO price....... thingy.. I tot CN now open up .... and shore up the consumption?

 

I' m bullish since last early last year but turned  bearish  atm

Their Q1 result wl speak for itself

rledchg11      ( Date: 23-Mar-2023 10:27) Posted: wah piang... how? jialak leow... if CPO price....... thingy.. I tot CN now open up .... and shore up the consumption?    msksmsks      ( Date: 23-Mar-2023 09:16) Posted: CPO fell further to 3672 Q1 result won' t be good and wl even worse coming to Q2 unless CPO spike up Lets see the upcoming result in due course

 

wah piang... how? jialak leow... if CPO price....... thingy..
I tot CN now open up .... and shore up the consumption? 
 

msksmsks      ( Date: 23-Mar-2023 09:16) Posted: CPO fell further to 3672 Q1 result won' t be good and wl even worse coming to Q2 unless CPO spike up Lets see the upcoming result in due course