First Resources' Sequential Earnings Growth May Continue in 4Q -- Market Talk
Dow Jones
Nov 17, 2025
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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.