Agricultural Products and Services

First Resources

First Resources Releases Q1 2026 Report: Revenue Up 70.4%, Net Profit Up 53.1%

First Resources to release FY2026 Q1 earnings on May 15, 2026 (SGT), forecast EPS SGD 0.0437

First Resources released FY2025 9 Months Earnings on February 26, 2026 (SGT) with actual revenue of SGD 882.1 M and EPS of SGD 0.126

First Resources released FY2025 Q3 earnings on February 26, 2026 (SGT), with actual revenue of SGD 0 and actual EPS of SGD 0 (forecast EPS was SGD 0.0604)

First Resources released FY2025 Annual Earnings on February 26 After-Market (SGT), actual revenue SGD 2.154 B (forecast SGD 1.688 B), actual EPS SGD 0

First Resources released FY2025 Q4 earnings on February 26 After-Market (SGT), actual revenue SGD 0, actual EPS SGD 0 (forecast EPS SGD 0.0579)

First Resources to Release FY2025 Q4 Earnings on February 27, 2026 After-Market (SGT), Forecast EPS SGD 0.0579

First Resources to Release FY2025 Q3 Earnings on November 14, 2025 (SGT), Forecast EPS SGD 0.0604

First Resources released FY2025 Semi-Annual Earnings on August 13, 2025 (SGT) with actual revenue of SGD 882.1 M and EPS of SGD 0.126

First Resources released FY2025 Q2 earnings on August 13 (SGT), actual revenue SGD 430.07 M, actual EPS SGD 0.0614 (forecast EPS SGD 0.0501)

First Resources released FY2025 Q1 earnings on August 13 (SGT), actual revenue SGD 452.03 M, actual EPS SGD 0.0645 (forecast EPS SGD 0.0481)

First Resources to Release FY2025 Q2 Earnings on August 14, 2025 (SGT), Forecast EPS SGD 0.0501

Yi Ziyuan Completes Acquisition of 91.17% of Indonesian ANJT Palm Oil Company

First Resources to release FY2025 Q1 earnings on May 15, 2025 (SGT), forecast EPS SGD 0.0492

First Resources Raises 2025 Earnings Forecast by 21% and Maintains Buy Rating

First Resources released FY2024 Q4 earnings on February 27 (SGT), actual revenue 395.61 M SGD, actual EPS 0.0622 SGD (forecast EPS 0.0507 SGD)

First Resources released FY2024 annual earnings on February 27 (SGT), actual revenue 1.389 B SGD (forecast 1.33 B SGD), actual EPS 0.2115 SGD (forecast 0.173 SGD)

First Resources released FY2024 9 Months Earnings on February 27 Pre-Market (SGT), with actual revenue of 990.59 M SGD and EPS of 0.1487 SGD

First Resources released FY2024 Q3 earnings on February 27 Pre-Market (SGT), actual revenue 372.28 M SGD, actual EPS 0.0586 SGD (forecast EPS 0.0534 SGD)

First Resources to Release FY2024 Q4 Earnings on February 28, 2025 (SGT), Forecasted EPS 0.0507 SGD

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First Resources Limited reported a 53.1% YoY increase in Q1 net profit to $123.41m, driven by a 20% rise in FFB and a 34.5% increase in crude palm oil production. EBITDA rose 54.9% to $211.70m, with sales up 70.4% to $609.66m. The company noted higher production volumes due to its acquisition of PT Austindo Nusantara Jaya Tbk. However, geopolitical tensions have raised operating costs, while elevated energy prices have boosted demand for palm oil in biofuels.

Singapore Business Review

First Resources Q1 profit soars 53.1% on higher output and sales

UOB Kay Hian's "Alpha Picks" portfolios for Singapore and Malaysia outperformed their benchmark indices in April 2026. The Singapore portfolio rose 5.2% month-on-month, significantly beating the Straits Times Index's 0.6% increase. Key contributors included Huationg Global and First Resources, while Singtel declined by 7.1%. For May, Beng Kuang Marine and Oiltek were added to the Singapore picks, while First Resources and Singtel were removed. The Malaysia portfolio also excelled, with a 6.5% return, led by Oxford Innotech and Pekat. New additions for May include CIMB and Northeast, while Lagenda Properties was dropped.

Businesstimes News

Oiltek

Huationg Global

UOBKH ‘Alpha Picks’ outperform STI in April; Oiltek in for May, Singtel out

Shares of Singapore-listed palm oil companies have risen this year due to increased commodity prices driven by the war in Iran. This situation presents an opportunity for these companies to enhance their sustainability efforts as deforestation policies and nature reporting become more significant in the future.

Golden Agri-Res

Indofood Agri

Bumitama Agri

Wilmar

Kencana Agri

Issue 193: Singapore-listed palm oil stocks catch biodiesel spark

DBS analyst William Simadiputra has reaffirmed a Buy rating for First Resources (Singapore) (FTROF), setting a price target of S$5.00. The consensus among analysts is a Moderate Buy with an average target of S$3.83. Simadiputra has a notable track record, achieving an average return of 37.1% and a 78% success rate on his stock recommendations.

Tip Ranks

DBS Group

DBS Sticks to Its Buy Rating for First Resources (Singapore) (FTROF)

[SINGAPORE] A crude oil supply shortfall from the prolonged closure of the Strait of Hormuz has accelerated biodiesel mandates in South-east Asia, driving up crude palm oil (CPO) prices and lifting Singapore Exchange-listed plantation stocks. Biodiesel – a substitute for petroleum-based diesel fuel produced by reacting vegetable oil or animal fat with alcohol – is becoming more cost-competitive.Following the US-Iran war, CPO’s premium to gas oil has narrowed to around US$14 a tonne, from an average of around US$271 a tonne over the past year.

Man Oriental USD

Asean’s biodiesel push fuels palm oil rally, but will SGX-listed players gain?

Singapore’s equity market ended on a weak note this Thursday, March 26, as the Straits Times Index (STI) slipped 0.3% to close at 4,887.76. The downward pressure reflected a broader wave of caution across Asia, with significant sell-offs seen in Hong Kong and South Korea as regional investors grappled with heightening geopolitical uncertainty.

- Singapore's stock market closed lower on March 26, with the Straits Times Index (STI) sliding 0.3% to 4,887.76 points.  
- While broad market declines were noted, the iEdge Singapore Next Generation 50 Index rose 1.3%, led by the largest gainer, Yihua Resources, which increased 4.2%.  
- The market's dynamics show a disparity in stock performance amid rising oil prices due to ongoing tensions regarding a ceasefire agreement with Iran, affecting trading decisions.

LB Select

STI ETF

FTSE Straits Times Index

Singapore stocks falter on Thursday, STI falls 0.3%

CRPU

Singapore stocks rose on Monday, with the Straits Times Index (STI) up 0.6% to 4,868.69, as the Middle East conflict continues and investors await the US Federal Reserve's monetary policy meeting. The iEdge Singapore Next 50 Index fell 0.5%. First Resources gained 4.1%, while Sasseur Reit dropped 6.6%. Overall, gainers outnumbered losers 312 to 274. Key regional indices showed mixed results, with Singapore Exchange leading STI gainers at 2.9%. Analysts expect the Fed to maintain interest rates, despite inflation concerns due to the Gulf situation.

Sasseur Reit

Amova Singapore STI ETF

Singapore stocks end higher on Monday as Middle East conflict enters third week; STI up 0.6%

First Resources(EB5.SG)