ShareJunction - Stock Forum Messages %%%:

Back

First < Newer 61-80 of 423 Older> Last

Latest Forum Topics / First Resources Last:1.48

-0.01

Post Reply

First Resources

integra
Member

09-Jan-2010 12:34

integra About Contact Quote this Post!

x 0
x 0

Alert Admin

Hi All,

Does any 1 have any comments on this stock?invested at $1.10.....

Useful To Me Not Useful To Me

eddie84
Member

04-Jan-2010 16:14

eddie84 About Contact Quote this Post! Style: Combined Mood:

x 0
x 0

Alert Admin

This counter had broken the $1 mark. Potential upside. Waiting for BB to come in to push up the volume...

Useful To Me Not Useful To Me

rodney301
Member

03-Dec-2009 20:08

rodney301 About Contact Quote this Post!

x 0
x 0

Alert Admin

just found out that DBS has given it a BUY rating with a target value of $1.15. This is a potential 22% UPSIDE based on the closing price of $0.94. Smiley

The link to the research report is below:

https://www.dbsvresearch.com/research/dbs/research.nsf/(vwAllDocs)/99319EB7270F921248257672000A0B95/$FILE/singdaily161109.pdf

Useful To Me Not Useful To Me

rodney301
Member

03-Dec-2009 15:57

rodney301 About Contact Quote this Post!

x 0
x 0

Alert Admin

relatively huge volume today. someone might be accumulating !!! Smiley

Useful To Me Not Useful To Me

rodney301
Member

25-Nov-2009 15:16

rodney301 About Contact Quote this Post!

x 0
x 0

Alert Admin

looks like some BBs are accumulating this counter... :D

Cheers :D

Useful To Me Not Useful To Me

rodney301
Member

25-Nov-2009 14:07

rodney301 About Contact Quote this Post!

x 0
x 0

Alert Admin

just accumulated more at $0.945 :D

Useful To Me Not Useful To Me

rodney301
Member

24-Nov-2009 16:09

rodney301 About Contact Quote this Post!

x 0
x 0

Alert Admin

well, i believe that palm oil counters are still the ones which will outperform the market with a stabilisation of CPO price. :D hopfully, it will reach my target price in 2 weeks time :D

Useful To Me Not Useful To Me

rodney301
Member

24-Nov-2009 14:57

rodney301 About Contact Quote this Post!

x 0
x 0

Alert Admin

anybody has something to share??? :D

Useful To Me Not Useful To Me

rodney301
Member

24-Nov-2009 14:22

rodney301 About Contact Quote this Post!

x 0
x 1

Alert Admin

DMG gave a target price of $1.19 for First Resource

Here is the link:

http://www.remisiers.org/research//201109-DMGMorningInsight.pdf

Useful To Me Not Useful To Me

rodney301
Member

23-Nov-2009 20:24

rodney301 About Contact Quote this Post!

x 0
x 0

Alert Admin

another point to take note:

From the presentation slides for the Q3 of the 3 counters, i found a surprising thing that First Resource is the only counter among the 3 which has practically NO OLD palm oil trees!!!

From the presentation slides which can be obtained from SGX,

The percentage of OLD palm oil trees only make up a mere 0.4% of the total planted area. This implies that the plantation is comprised mainly of trees which are in the prime stages. This is important in ensuring that the palm fruit production will be optimal.

As for Golden Agri, from the presentation slides, the OLD trees make up 12% of the total planted area. This is much more when compared with First Resource which has a relatively young plantation in the prime stage.

When looking at Indo Agri, the percentage of trees( for plantations of palm oil, rubber, sugar and cocoa) of age 7 to 20 years old make up only 39% of planted area. What's more alarming is that the percentage of trees of age above 20 years old is 21%!!! So the plantations are made up of quite a substantial portion of OLD trees which might not produce much palm fruits.

Comparing these 3 counters data of their plantations profile, First Resource is likely to see much better improvement in its palm oil production as there is almost no OLD tree at all. Most of the trees (50.7% of planted area) are in the prime stage. As the years go by, production will most likely go up annually.

Useful To Me Not Useful To Me

rodney301
Member

23-Nov-2009 19:59

rodney301 About Contact Quote this Post!

x 0
x 0

Alert Admin

i think this is the best bet among 3 palm oil counters. went through the reports of this counter, indoagri, golden agri.

9 months earnings for First Resources: 436 rupiah

Taking currency conversion at 1 sing dollar to 6822 rupiah at this moment and the last trading price at $0.92,

P/E ratio for 9 months for First Resource is around 14.4

9 months earnings for Golden Agri: USD 1.18 cents

Taking currency conversion at 1.4 sing dollar to 1 usd and last trading price at $0.48,

P/E ratio for 9 months for Golden Agri is around 29

9 months earnings for Indo Agri: 861 rupiah

Taking currency conversion at 1 sing dollar to 6822 rupiah at this moment and the last trading price at $1.89,

P/E ratio for 9 months for Indo Agri is around 15

Thus, the P/E ration for 9 months is lowest for First Resource. making it a great bargain :D

Useful To Me Not Useful To Me

chewwl88
Member

16-Nov-2009 01:15

chewwl88 About Contact Quote this Post!

x 0
x 0

Alert Admin

Photos

1 of 1

SINGAPORE : Singapore-listed First Resources on Friday said its third-quarter net profit rose 38.6 per cent on-year to 262 billion Indonesian rupiah, or about S$38.6 million.

This was despite a 1.1 per cent dip in revenue for the three months ended September to 630 billion Indonesian rupiah or about S$92.7 million.

Lower selling and distribution costs as well as mark-to-market gains on currency derivatives contributed to the rise in profit during the quarter.

Looking ahead, First Resources said the fundamentals of the palm oil industry have remained favourable.

Despite seasonal peak-crop production, it said palm oil inventory levels remain at moderate levels due to continued good consumer demand.

First Resources said it has also maintained strong cost management to keep its cash cost of production low.

Barring unforeseen circumstances, it believes it should be able to deliver a strong operational performance for the remainder of this year.

Useful To Me Not Useful To Me

tradersgx
Veteran

14-Nov-2009 00:36

tradersgx About Contact Quote this Post! Style: Combined

x 0
x 0

Alert Admin

FirstRes

_ 3 mths ended Sep 2009 ___ Net Profit (S$M)_

$ 39.36

___ +

39%

Useful To Me Not Useful To Me

star888
Member

10-Nov-2009 21:43

star888 About Contact Quote this Post!

x 0
x 0

Alert Admin

wat bian just start to run only after Today Paper recommendation at S$1.15

Useful To Me Not Useful To Me

star888
Member

25-Oct-2009 21:09

star888 About Contact Quote this Post!

x 1
x 0

Alert Admin

Hope this is the cheong sign.

Useful To Me Not Useful To Me

star-trader
Senior

23-Sep-2009 21:55

star-trader About Contact Quote this Post! Style: Technical

x 1
x 1

Alert Admin

Accumulation is on the way with support price at 0.93. Resistance at 0.97, 2nd Wave uptrend is forming from the chart but it will also depends on oil palm price before the next wave.

Is definitely a lookout for this in short term.

SOBAYOR,

rgds, star-trader

Useful To Me Not Useful To Me

star888
Member

23-Sep-2009 19:32

star888 About Contact Quote this Post!

x 0
x 0

Alert Admin

too many analyst recommendation but, I doubt will cheong soon. although volume is spectacular. maybe BB is accummulating

Useful To Me Not Useful To Me

vostro69
Member

23-Sep-2009 08:27

vostro69 About Contact Quote this Post!

x 0
x 0

Alert Admin

First Resources rebound will be confirmed today.

Broke out of the major resistance at 0.965 with heavy volume. May continue its run today. Supported by 20day MA.

Target 1.10

Useful To Me Not Useful To Me

Sporeguy
Elite

09-Sep-2009 11:15

Sporeguy About Contact Quote this Post!

x 0
x 0

Alert Admin

GoldA (usual top vol), FirstRes, IndoA (quite usual to be in the top 20 vols), and KenA(seldom top vol) --- all top 20 vol today. Why ?

Useful To Me Not Useful To Me

Sporeguy
Elite

08-Sep-2009 23:38

Sporeguy About Contact Quote this Post!

x 0
x 0

Alert Admin

FirstRes went up by more than 8%, a reverse to 21 Aug.

Useful To Me Not Useful To Me

First < Newer 61-80 of 423 Older> Last

ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.