0242 GMT - First Resources' earnings are likely to continue growing sequentially in 4Q, RHB Research's Singapore team says in a note. The palm oil producer expects 4Q to bring the highest quarterly output for the year, and continues to guide for 20%-25% growth in fresh fruit bunches for 2025. Its unit costs are also expected to moderate thanks to reduced fertilization activities. RHB lifts its earnings forecasts for First Resources by 10% for 2025, 21% for 2026, and 14% for 2027 to partly reflect new crude palm oil per ton assumptions. It raises the stock's target price to S$2.55 from S$2.10, with an unchanged buy rating. Shares are 8.3% higher at S$2.22. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 16, 2025 21:42 ET (02:42 GMT)
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