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CPO surged bk to 4500
Awaits FR to reverse upwards
Awaits FR to reverse upwards
On target $1.5 soon.
FY25 wl be a great yr for FR
Looking fwd to it' s 4Q/2H24 result with expectation
of higher profitability and higher dividend payout.
GG fwd , higher CPO at elevated lvl agurs well for FR for
subsequent qtrs.
Cheers
FY25 wl be a great yr for FR
Looking fwd to it' s 4Q/2H24 result with expectation
of higher profitability and higher dividend payout.
GG fwd , higher CPO at elevated lvl agurs well for FR for
subsequent qtrs.
Cheers
msksmsks ( Date: 26-Dec-2024 09:22) Posted:
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Mrng folks
Looking fwd 2025 for a better year
for FR
Happy new year to all and stay safe
Cheers
Looking fwd 2025 for a better year
for FR
Happy new year to all and stay safe
Cheers
Looking fwd 1.43, 1.45, 147 and then 1.5 and beyond
when the reversal comes
when the reversal comes
msksmsks ( Date: 23-Dec-2024 10:04) Posted:
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CPO rebounded strongly yesterday
and awaits FR to move up in tandem
Merry Christmas to all
and awaits FR to move up in tandem
Merry Christmas to all
4Q coming to an end soon...
FR shld be reporting a good set of result and likely
ushering a higher dividend payout for 4Q or 2H24
Chart is bottomish and oversold and more room
for it to reverse upwards
Looking fwd 1.43, 1.45, 147 and then 1.5 and beyond
when the reversal comes
PDYODD as usual
FR shld be reporting a good set of result and likely
ushering a higher dividend payout for 4Q or 2H24
Chart is bottomish and oversold and more room
for it to reverse upwards
Looking fwd 1.43, 1.45, 147 and then 1.5 and beyond
when the reversal comes
PDYODD as usual
Better still
i see u at 1.63
Yum Seng
i see u at 1.63
Yum Seng
yamseng ( Date: 18-Dec-2024 16:12) Posted:
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ok, listen to you.
see u at $1.36 !!
see u at $1.36 !!
msksmsks ( Date: 18-Dec-2024 10:07) Posted:
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After a wk of decline, CPO seems to stabilise and
start trending up.
Opined FR wl resume it' s uptrend in tandem with
rising CPO
Chart is bottomish and indicators showing
signs of cutting up soon
start trending up.
Opined FR wl resume it' s uptrend in tandem with
rising CPO
Chart is bottomish and indicators showing
signs of cutting up soon
If one had traded FR long enough, u wl know
the modus operandi of the concerted effort by the angmoh
They are the one that push up and down
including the high of 1.53-1.56
Collectively, CPO had retraced below 5000 but still
stay elevated and that wl agurs well for palm growers
Looking fwd to their 4Q/2H24 as wuld expect their result
wl be good and higher dividend payout
Moving fwd, 1H25 wl still be good for FR too
Know what u are investing and what' s forthcoming
PDYODD as usual
the modus operandi of the concerted effort by the angmoh
They are the one that push up and down
including the high of 1.53-1.56
Collectively, CPO had retraced below 5000 but still
stay elevated and that wl agurs well for palm growers
Looking fwd to their 4Q/2H24 as wuld expect their result
wl be good and higher dividend payout
Moving fwd, 1H25 wl still be good for FR too
Know what u are investing and what' s forthcoming
PDYODD as usual
Buy call target $2, end of the day, ang moh is selling
Joelton ( Date: 16-Dec-2024 10:53) Posted:
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DBS keeps ' buy' on First Resources on firmer prices and better margins
William Simadiputra of DBS Group Research has kept his " buy" call on First Resources EB5 , along with a target price of $2. In his Dec 10 note, the analyst believes the Indonesia-based palm oil player is enjoying a " positive" earnings momentum outlook, thanks to higher crude palm oil prices and also refining margins.
Favourable Indonesia expert tax structures and growing downstream demand, especially from key market China, are positive attributes too, says Simadiputra, who figures crude palm oil prices to average US$95- per metric tonne in 2025, up 3% y-o-y.
He estimates that First Resources, coming off an already strong FY2024, to grow its earnings by 9.1% y-o-y in the coming FY2025 to US$206 million. " The strong CPO price momentum should provide strong support to 1H25 earnings, thanks to its forward sales scheme."
Furthermore, First Resources enjoys a " favourable" age profile for its trees. According to Simadiputra, 58% of the company' s trees are within the so-called " prime age" cycle, which suggests higher yield versus some of the competition.
" First Resources has room to keep its organic growth strong via replanting and channelling more crude palm oil to its refining facilities if downstream margins improve," the analyst adds.
While he has maintained his upward earnings forecast to FY2026, the analyst, on the other hand, expects lower free cash flow to firm (FCFF) in new terminal year in line with ageing pattern of trees, thereby, maintaining his target price at $2.
" We believe First Resources can deliver steady earnings with its integrated business platform, while its trees productivity is more stable and steadier versus its peers in general," he says.
For him, key risks include lower-than-expected crude palm oil selling prices. Also, if there are any changes in the levy structure or domestic pricing regulations, or if prices drop below forecasts, First Resources may miss his earnings estimates, thus hindering any prospects of a valuation re-rating.
Tks for sharing the info
As such, CPO wl go higher.
Agurs well for FR if Indo not affected
As such, CPO wl go higher.
Agurs well for FR if Indo not affected
| ssw518 ( Date: 13-Dec-2024 17:47) Posted: |
Morning folks
CPO remained strong and elevated despite some pullbk
but uptrend still intact .
Likewise for FR, still on uptrend and as mentioned b4,
any dips is an opportunity to buy or reload
DBS also gave a buy call for FR for price target $2
fm their recent report dtd Dec 10 apart calling Bumitama
a Buy too. But the benefits of higher CPO wl agurs
very well for FR
Stay invested and FR wl outperform with better result
and higher dividend payout
PDYODD as usual
CPO remained strong and elevated despite some pullbk
but uptrend still intact .
Likewise for FR, still on uptrend and as mentioned b4,
any dips is an opportunity to buy or reload
DBS also gave a buy call for FR for price target $2
fm their recent report dtd Dec 10 apart calling Bumitama
a Buy too. But the benefits of higher CPO wl agurs
very well for FR
Stay invested and FR wl outperform with better result
and higher dividend payout
PDYODD as usual
A sudden and quick flush down.
Din expect that
But luckily able to buy some though
not the lowest at 1.45
Din expect that
But luckily able to buy some though
not the lowest at 1.45
msksmsks ( Date: 12-Dec-2024 08:14) Posted:
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CPO pulled bk and slightly below 5k
Will the angmoh in concerted effort
depress FR again ?
Any dips is another opportunity to
buy or reload
PDYODD as usual
Will the angmoh in concerted effort
depress FR again ?
Any dips is another opportunity to
buy or reload
PDYODD as usual
Will FR retest 1.49 again b4 rebounding
The concerted effort and the modus operandi
by those angmoh hses seems in favour of
doing that
Nevertheless, CPO still standing strong
The concerted effort and the modus operandi
by those angmoh hses seems in favour of
doing that
Nevertheless, CPO still standing strong
Profit taking and correction look to be over. It is time to STRONG BUY.
msksmsks ( Date: 09-Dec-2024 11:47) Posted:
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CPO going higher again and now
standing 5146 as of writing
Will it retest the recent high again 52XX
Reiterate that FR wl go higher fm current
lvl and beyond analysts target shld CPO
stays high and elevated for the next few
Qtrs
Know what u are investing and what' s
forthcoming....
PDYODD
standing 5146 as of writing
Will it retest the recent high again 52XX
Reiterate that FR wl go higher fm current
lvl and beyond analysts target shld CPO
stays high and elevated for the next few
Qtrs
Know what u are investing and what' s
forthcoming....
PDYODD
msksmsks ( Date: 09-Dec-2024 08:53) Posted:
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