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SWEET !!
I may add if vol pick up steadily...
I may add if vol pick up steadily...
sengsk ( Date: 21-May-2020 16:40) Posted:
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DBS (12/05/2020)
Wilmar International :
Price on 11 May 3.82, Mkt Cap USD17,104, 12mth TP 4.00, Rating BUY
First Resources Price :
Price on 11 May 1.26, Mkt Cap USD1,407, 12mth TP 1.99, Rating BUY
Wilmar International :
Price on 11 May 3.82, Mkt Cap USD17,104, 12mth TP 4.00, Rating BUY
First Resources Price :
Price on 11 May 1.26, Mkt Cap USD1,407, 12mth TP 1.99, Rating BUY
NT1825 ( Date: 21-May-2020 22:59) Posted:
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Today good timing for buy.
Sweet !!
Sweet !!
Very slow and quiet counter. Then - I read this article...thinking if this will do a wilmar?
First Resources Limited (SGX:EB5) Earns Among The Best Returns In Its Industry
https://finance.yahoo.com/news/first-resources-limited-sgx-eb5-224846804.html
palm oil px was heading higher high fr the past number of days....
long some....rock bottom px...
First Resources
On May 6, FMR LLC increased its deemed interest in First Resources above the 6 per cent threshold, from 5.98 per cent to 6.10 per cent. FMR LLC' s interests in the securities of First Resources are currently entirely deemed interests.
FMR LLC is deemed to have interests in the securities of First Resources because such securities are held by funds and/or accounts managed by one or more FMR LLC' s direct and indirect subsidiaries, which are fund managers.
The married deal involved a purchase of 1,997,300 shares of First Resources for a consideration of S$2,436,706 at an average price of S$1.22 per share.
Fidelity Management & Research Company LLC is also deemed interested in the shares of First Resources in its capacity as investment adviser of various funds and accounts.
Fidelity Management & Research Company LLC is a wholly-owned subsidiary of FMR LLC, and the married deal saw its deemed interest in First Resources increase from 5.19 per cent to 5.30 per cent.
Fidelity Management & Research Company LLC' s deemed interest in First Resources crossed the 5 per cent substantial shareholder threshold on April 30, 2020.
Established in 1992, First Resources is one of the leading palm oil producers in the region, managing over 200,000 hectares of oil palm plantations across the Riau, East Kalimantan and West Kalimantan provinces of Indonesia.
The group is also committed to the production of sustainable palm oil, with a sustainability strategy centred on maximising output while minimising adverse environmental and social impact from its operations.
Oil palm price bottoming up at 2130?
Get ready...
https://markets.businessinsider.com/commodities/palm-oil-price
Why broker only pick Wilmar? both Wilmar and FR are in the same business, right
Get ready...
https://markets.businessinsider.com/commodities/palm-oil-price
Why broker only pick Wilmar? both Wilmar and FR are in the same business, right
i long tis babe n bumitama....div 0.01725 tis mth....
Will FR follow suit wilmar?
How to chiong when oil palm price so low
expecting a gd set of results like wilmar...vry lagging compare to wilmar...
rock bottom px...building strong base fr run up...proffitable coy...small mkt float...div 0.0175 tis mth....am vested....
Any idea First Resources gearing for some movement soon?
halleluyah ( Date: 05-May-2020 09:09) Posted:
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still vry laggard behind compare to wilmar...palm oil px rebounding tis couple of days....long some....dyodd....
+6.5%
Singapore-listed palm oil planters kept at ' market weight' by UOB on valuation catch-up
22/04/19, 11:47 am
SINGAPORE (Apr 22): UOB KayHian expects interest in palm oil planters such as Golden Agri-Resources, First Resources and Bumitama Agri to rebound, driven largely by a more positive view on CPO prices.
Year to date, share prices in Singapore-listed plantation companies have outperformed regional peers, after two years of underperformance versus regional peers. Interest in the palm oil sector has improved with the recovery in prices and potentially lower production.
For Wilmar, its recent buying interest can be attributed largely to the potential re-rating from its China IPO.
&ldquo We believe share prices have bottomed and we reckon that there might be more upside,&rdquo says lead analyst Leow Huey Chuen is a recent report, &ldquo We maintain our view that CPO prices in 2019 will be stronger on the back of: a) lower production, b) strong demand for biodiesel, c) lower soybean crushing, and d) lower rapeseed and canola production,&rdquo says Leow.
In addition, Singapore-listed plantation companies are trading at lower PE multiples than Malaysia peers. However, most of the Singapore companies will have better earnings and higher production growth in the coming years.
All the estates of Singapore-listed plantation companies are in Indonesia and these estates have younger age profiles than that of Malaysia peers, contributing to higher production growth.
Average net profit y-o-y contraction in 2018 for Singapore listed plantation companies was only 17% vs Malaysia peers&rsquo average of 47% y-o-y.
&ldquo This trend is likely to continue into 2019-20 and will enable Indonesia plantation companies to report better earnings growth,&rdquo says Leow.
Maintain &ldquo market weight,&rdquo says Leow, &ldquo Our CPO price assumption for 2019 is RM2,350/tonne.&rdquo
We believe there is still upside to Wilmar&rsquo s share price despite the 16% YTD rise as current share price is only factoring in 17x PE for its China operation.
&ldquo Our fair value of $3.90 for Wilmar factors in 20x PE for its China operation. Assuming 23x and 25x PE, our fair value would be at $4.10 and $4.25 respectively.&rdquo
https://www.theedgesingapore.com/singapore-listed-palm-oil-planters-kept-market-weight-uob-valuation-catch
palm oil px has been steady going higher high............
still lagging behind...pailm oil price kept rising recently........holding some loooong...............
long some 1.52, px bottoming...india just cut import tax recently only....