Post Reply
321-340 of 1114
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
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
CPO currently stood at 3785 and we are almost the end of Q1.
Ballpark estimation tat FR revenue n profitability wl negatively affected in FY23 vis-a-vis comparison with high base last year
Saving grace the impending dividend to support the share price else likely wl slide further down
Not much catalysts to catapult higher .
Let's wait n see when they make their Q1 announcement
Ballpark estimation tat FR revenue n profitability wl negatively affected in FY23 vis-a-vis comparison with high base last year
Saving grace the impending dividend to support the share price else likely wl slide further down
Not much catalysts to catapult higher .
Let's wait n see when they make their Q1 announcement
Oil dropped jialat yesterday.
CPO also dropped this mrng
Opined FR likely wl go below 1.5 in due course ....
Considering:
Opined Q1 result wl not be as good in comparison ....
Q2 wl be even more jialat
Dividend payout likely wl not be as good
Stay away and wait for better price entry
CPO also dropped this mrng
Opined FR likely wl go below 1.5 in due course ....
Considering:
Opined Q1 result wl not be as good in comparison ....
Q2 wl be even more jialat
Dividend payout likely wl not be as good
Stay away and wait for better price entry
CPO tumbled ($3982 -61) in tandem with decline in oil price overnight
Looking at the chart for vis-a-vis comparison, CPO stood ard $4.4K in early Jan22
and surge abv $7k when war broke out btwn Ukraine/Russia.
Undoubtly, FR earnings wl be negatively affected for next few Qtrs and dividend
payout wl likely be lower compared with last year sterling result
Mgmt also guided profitability wl moderate in FY23 due to high base of record high
palm oil prices in 2022
On avg, the ASP for 1Q23 looks much lower compared 1Q22 and wl be even lower
for next Q comparison
Given the weakness in CPO , decline in profitability and possibly a
lower dividend payout, Opined that FR price likely wl fall further
to factor in abv factors
Lets see wl FR retest it' s low of last year
Looking at the chart for vis-a-vis comparison, CPO stood ard $4.4K in early Jan22
and surge abv $7k when war broke out btwn Ukraine/Russia.
Undoubtly, FR earnings wl be negatively affected for next few Qtrs and dividend
payout wl likely be lower compared with last year sterling result
Mgmt also guided profitability wl moderate in FY23 due to high base of record high
palm oil prices in 2022
On avg, the ASP for 1Q23 looks much lower compared 1Q22 and wl be even lower
for next Q comparison
Given the weakness in CPO , decline in profitability and possibly a
lower dividend payout, Opined that FR price likely wl fall further
to factor in abv factors
Lets see wl FR retest it' s low of last year
msksmsks ( Date: 02-Mar-2023 10:16) Posted:
|
Maybe dumping starts after XD?
msksmsks ( Date: 02-Mar-2023 10:36) Posted:
|
UOBKH juz downgraded FR to hold
with TP$ 1.55
At least make some sense....LOL
with TP$ 1.55
At least make some sense....LOL
Still looks resilient......
Maybank had a buy call of target price $1.85
Given the fact that the mgmt already preempt that profitability wl moderate
in FY23 due to high base of record high palm oil prices in 2022.....
Wondering why the broking firm still gave such a high target price not
as if CPO price shot up to abv 5-6K again..
Looking for pullbk and when opportunity present especially once hit
overbought region, wl katek ....LOL
Good luck to those still vested and congrats
Maybank had a buy call of target price $1.85
Given the fact that the mgmt already preempt that profitability wl moderate
in FY23 due to high base of record high palm oil prices in 2022.....
Wondering why the broking firm still gave such a high target price not
as if CPO price shot up to abv 5-6K again..
Looking for pullbk and when opportunity present especially once hit
overbought region, wl katek ....LOL
Good luck to those still vested and congrats
First Resources net profit rises 53.4% in H2 to US$197.2 million S$0.12 dividend proposed
PALM oil producer First Resources&rsquo net profit rose 53.4 per cent to US$197.2 million for the second half year ended Dec 31, 2022, up from US$128.6 million in the same period in 2021, the group said on Wednesday (Mar 1).
Net profit for the full year more than doubled, reaching US$325.2 million in FY2022, from US$161.1 million in FY2021.
Revenue was also 11.4 per cent higher, at US$690.2 million in H2 2022, from US$619.4 million previously. This brought its full-year revenue to US$1.2 billion, which was 18.7 per cent higher than the US$1 billion reported in FY2021.
The higher revenue came from higher average selling prices for palm oil, the tightening of global vegetable oil supplies from the Russia-Ukraine war and Indonesia&rsquo s temporary export ban, said First Resources.
Earnings per share for the second half of the financial year stood at US$0.1254, higher than the US$0.0815 posted in H2 2021.
The group declared a final dividend of S$0.12, more than twice the S$0.051 declared in the same period in 2021. Coupled with the S$0.025 interim dividend declared in H1 this year, the full-year ordinary dividend added up to S$0.145 &ndash which represents half the group&rsquo s underlying net profit.
The dividends will be paid out on May 15, following the May 10 record date.
Ciliandra Fangiono, chief executive of First Resources, noted that while palm oil prices had reached new highs in the first half of 2022, the price of crude palm oil has moderated since Indonesia lifted its export ban in the middle of last year.
&ldquo While remaining cautiously optimistic that our performance for FY2023 will remain strong vis-a-vis historical levels, the group expects its average selling prices and profitability to moderate in the near-term due to the high base effect from the record high palm oil prices in 2022,&rdquo Fangiono said.
The palm oil maker will continue to monitor developments in the regulatory and macro space, paying close attention to the geopolitical situation in the Black Sea and the reopening of China &ndash which it thinks will exert an influence on the direction of palm oil prices.
I' m using this opportunity to sell my holdings
as guided by mgmt that FY23 earnings wl
moderate..
as guided by mgmt that FY23 earnings wl
moderate..
msksmsks ( Date: 01-Mar-2023 08:41) Posted:
|
As expected, result is solid and giving higher dividend as compared to last year.
Net cash position
However, on the flip side.....Quote:
" The group expects its avg selling prices and profitability to moderate in the near
term due to the high base effect fm the record high palm oil prievs seen in 2022"
Unquote:
Seems like a weaker Fy23 ahead though ..
Wl it sell on news....juz like others......when Fy23 seems weaker than Fy22
Net cash position
However, on the flip side.....Quote:
" The group expects its avg selling prices and profitability to moderate in the near
term due to the high base effect fm the record high palm oil prievs seen in 2022"
Unquote:
Seems like a weaker Fy23 ahead though ..
Wl it sell on news....juz like others......when Fy23 seems weaker than Fy22
msksmsks ( Date: 20-Feb-2023 13:41) Posted:
|
FOR IMMEDIATE RELEASE
First Resources delivers best performance since
listing FY2022 revenue reaches all-time high of
US$1.2 billion
- Record financial performance driven by higher average selling prices
- Proposes a final ordinary dividend of 12.0 Singapore cents per share, more than
doubling from last year
Singapore, 1 March 2023 ? First Resources Limited (?First Resources? or the
?Group?) has delivered its best performance since listing on the SGX Mainboard in
December 2007.
Driven by higher average selling prices, First Resources achieved revenue of US$1.2
billion for the 12 months ended 31 December 2022 (?FY2022?), soaring past the
US$1.0 billion achieved in the previous year ended 31 December 2021 (?FY2021?)
when its revenue hit the billion-dollar mark for the first time.
The record sales propelled the Group?s EBITDA by 62.6% year-on-year (?YoY?) to
US$508.8 million, with underlying net profit more than doubling to US$334.2 million.....
https://links.sgx.com/1.0.0/corporate-announcements/EMQGXKV9EOIA5AH9/748513_First_Resources_FY2022_Press_Release.pdf
First Resources delivers best performance since
listing FY2022 revenue reaches all-time high of
US$1.2 billion
- Record financial performance driven by higher average selling prices
- Proposes a final ordinary dividend of 12.0 Singapore cents per share, more than
doubling from last year
Singapore, 1 March 2023 ? First Resources Limited (?First Resources? or the
?Group?) has delivered its best performance since listing on the SGX Mainboard in
December 2007.
Driven by higher average selling prices, First Resources achieved revenue of US$1.2
billion for the 12 months ended 31 December 2022 (?FY2022?), soaring past the
US$1.0 billion achieved in the previous year ended 31 December 2021 (?FY2021?)
when its revenue hit the billion-dollar mark for the first time.
The record sales propelled the Group?s EBITDA by 62.6% year-on-year (?YoY?) to
US$508.8 million, with underlying net profit more than doubling to US$334.2 million.....
https://links.sgx.com/1.0.0/corporate-announcements/EMQGXKV9EOIA5AH9/748513_First_Resources_FY2022_Press_Release.pdf
Ya, long term prices may not be good. I'm hoping for surprise dividends this round, they have been very stingy on dividends so far. Results out soon.
msksmsks ( Date: 20-Feb-2023 13:41) Posted:
|
Hv no doubt that FR result wl be good for FY22 and perhaps higher dividend payout compared FY21
But mkt is fwd looking....
Looking at current CPO , though vested, I hv reservations whether can FR continue to hv a better FY23 earnings ....yet to see
Wl monitor
But mkt is fwd looking....
Looking at current CPO , though vested, I hv reservations whether can FR continue to hv a better FY23 earnings ....yet to see
Wl monitor
Am still vested small small.
Cheers !
Cheers !
yuhanooi ( Date: 20-Feb-2023 13:13) Posted:
|
Wow...that's fast, money in pocket. I'll keep my fingers crossed for 1.60+...
CheeryVGoh ( Date: 20-Feb-2023 11:58) Posted:
|
I sold at 1.58 & 1.59.
Will buy back if have chance, i.e. if drop back.
Will buy back if have chance, i.e. if drop back.
yuhanooi ( Date: 16-Feb-2023 15:41) Posted:
|
Palm oil price again up to MYR 4,131 per ton, companies like Golden Agri, Bumitama Agri, First Resources & Wilmar Intl. Looking forwards to good result n higher dividend .
Ai lai leow
Tracer63 ( Date: 16-Feb-2023 14:08) Posted:
|
If nothing else, can wait for higher dividends. Results should be out by end February, I reckon.
CheeryVGoh ( Date: 16-Feb-2023 14:15) Posted:
|
Awaiting stronger rebound, so far only rebounded marginally.
Tracer63 ( Date: 16-Feb-2023 14:08) Posted:
|