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Indeed...
I' m opined not much contra players already. ...
Tmr onwards, all in the $$$....
So any moment they can push once the flood gate is open.....meanwhile, ABN seems to the gate keeper blocking 1.65
I' m opined not much contra players already. ...
Tmr onwards, all in the $$$....
So any moment they can push once the flood gate is open.....meanwhile, ABN seems to the gate keeper blocking 1.65
yamseng ( Date: 24-Nov-2022 10:10) Posted:
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come come,,,
waiting for BB to flush the last batch of contra players !!!
waiting for BB to flush the last batch of contra players !!!
msksmsks ( Date: 24-Nov-2022 09:06) Posted:
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Lai lai lai
Rested enough liao......
CPO abv 4000 and flushing out weak holders shld be done.
Look fwd to abv 1.7
Cheers
Rested enough liao......
CPO abv 4000 and flushing out weak holders shld be done.
Look fwd to abv 1.7
Cheers
Resilient
Signs of bullish signals and chart formation abt to breakout
Looking gd
Signs of bullish signals and chart formation abt to breakout
Looking gd
Signs of weakness
Next to look for 1.57 and below...
Be patient
Next to look for 1.57 and below...
Be patient
Waiting for FR to go below 1.6.
World cup sucks in the liquidity and CPO also drop alot
World cup sucks in the liquidity and CPO also drop alot
UOBKH downgrades First Resources to &lsquo hold&rsquo , says positives priced in
UOB Kay Hian (UOBKH) has downgraded First Resources to &ldquo hold&rdquo from &ldquo buy&rdquo , after the palm oil producer raised its dividend payout ratio to 50 per cent from 30 per cent amid strong Q3 results.
In light of the revised dividend payout, the research house recommends holding on to the stock to reap &ldquo good&rdquo dividend yields of 6 per cent to 8 per cent between FY2022 and FY2024.
On Tuesday (Nov 15), UOBKH said that its &ldquo hold&rdquo call is also based on First Resources : EB5 -1.79%&rsquo current share price level, which has risen by 16 per cent in the last month to surpass the research house&rsquo s previous target price of S$1.70. Its analysts believe that the current price factors in &ldquo the surprise from the strong set of (Q3) results&rdquo .
The palm oil producer&rsquo s core net profit for the first nine months of FY2022 exceeded UOBKH&rsquo s expectations to come in at 99 per cent of its full-year estimates.
It has therefore raised the target price to S$1.85 after lifting its earnings forecasts for FY2022 by 39 per cent. It lifted estimates for FY2023 to FY2024 by 5 per cent to 10 per cent as well.
The research house also predicts that First Resources will achieve a record-high net profit of US$343 million for FY2022.
Nonetheless, UOBKH downgraded the stock to &ldquo hold&rdquo on the higher share price, which may continue to climb with First Resources&rsquo Q3 results priced in.
RHB Research has likewise raised its target price for the palm oil producer while reiterating a &ldquo neutral&rdquo outlook on the stock.
Its higher target price of S$1.75 &ndash S$1.50 previously &ndash is the result of lifting its earnings forecasts for FY2022 to FY2024 by 8 per cent to 23 per cent. The research house adjusted its forecasts in response to First Resources&rsquo 9M FY2022 earnings coming in at 92 per cent to 94 per cent of its full-year expectations.
RHB said on Tuesday that it expects a 9 per cent dividend yield for FY2022.
CPO down more than 4%. currently stood ard 3852
lai lai lai
FR go lower and i wl scoup again.....
lai lai lai
FR go lower and i wl scoup again.....
Seems weak to me, though
If 1.63 can' t hold , tendency of slipping downwards highly probable......
Angmoh wl take the opportunity to depress the price and collect cheaper again
If 1.63 can' t hold , tendency of slipping downwards highly probable......
Angmoh wl take the opportunity to depress the price and collect cheaper again
CPO down 3% stand current ard 3900
Wl this affect FR and the rest palm stocks ?
Stay sideline and wait for clearer direction
Wl this affect FR and the rest palm stocks ?
Stay sideline and wait for clearer direction
saw UOBKH rpt this morning.
gave a Hold rating but revised TP $1.86
waiting for those weak holders whom got in at higher prices to sell out
gave a Hold rating but revised TP $1.86
waiting for those weak holders whom got in at higher prices to sell out
s100125 ( Date: 14-Nov-2022 16:40) Posted:
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Directionless
If can' t go up, then i wait for u to come down first
If can' t go up, then i wait for u to come down first
The same grp angmoh whom selling yesterday now buying bk.
CIMB analyst - 1.86
RHB analyst - 1.75
RHB analyst - 1.75
Artificial depress
Buy some and wait for reversal
Buy some and wait for reversal
Yesterday performance was strong buoyed by Angmoh buying..
Today slipped downwards with Angmoh selling at higher prices and then buying bk lower.
到 底 在 耍 啥 把 戏
Today slipped downwards with Angmoh selling at higher prices and then buying bk lower.
到 底 在 耍 啥 把 戏
First Resources posts 206% increase in 9MFY2022 underlying net profit to US$235.8 mil
First Resources recorded a 23.4% increase in sales to US$897.1 million ($1.2 billion) for the 9MFY2022 ended September on the back of stronger palm oil prices, with Ebitda and underlying net profit surging by 91.2% and 206.0% to US$390.7 million and US$253.8 million respectively.
For the 3QFY2022 period, the group managed to achieve an improvement in average selling prices amidst the challenging market conditions to record a 15.2% uptick in sales. Further aided by Indonesia&rsquo s export levy suspension from July 15, the group&rsquo s Ebitda and underlying net profit increased by 47.5% and 120.1% respectively, as compared to the same period last year.
With the resumption in palm oil exports following the government&rsquo s continued suspension of the export levy and relaxation of the Domestic Market Obligation (DMO) policy post the lifting of the export ban on May 23, inventory levels in Indonesia have started normalising to less burdensome levels.
However, with the CPO reference price having increased to above the US$800 per tonne threshold, export levy is expected to be reimposed from the second half of November this year.
Having said that, with palm oil&rsquo s attractive relative pricing against other competing edible oils encouraging replenishment of inventories by importing countries, the group believes that palm oil consumption demand should continue to remain supportive.
On the production front, the group&rsquo s output for 4QYFY2022 is expected to taper off q-o-q from its peak production quarter in 3QFY2022, albeit overall output growth is still expected to be achieved for the full year ending December.
Equity attributable to owners of the company increased by 8.0% from US$1.2 billion in FY2021 to US$1.3 billion as at 9MFY2022, mainly contributed by the profits generated during 9MFY2022, partially offset by the dividends paid and foreign currency translation losses arising from the depreciation of Indonesian rupiah against US dollar during the period.
The group&rsquo s financial position remains healthy with gross gearing ratio at 0.23x and cash and bank balances of US$378.4 million as at end September. The group also has undrawn committed unsecured credit facilities available of US$50.0 million, which may be utilised for its general corporate purposes.
That was released before results out on 07 Nov 2022.
Likely a new upgrade coming, just hold tight and enjoy the ride.
Likely a new upgrade coming, just hold tight and enjoy the ride.
msksmsks ( Date: 14-Nov-2022 15:25) Posted:
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UOBKH upgrade FR to buy but TP remained unchanged @1.70.
LOL
LOL
Tested to see who' s buying
Angmoh coming in liao
Angmoh coming in liao
msksmsks ( Date: 14-Nov-2022 10:03) Posted:
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