First Resources Limited
EB5.SI : Singapore Exchange
1.460
+1.39%
Share Price in SGD. As of 26 Jul 17:06:00 SGT
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Key stats
- 52-Week HighSGD 1.610
- 52-Week LowSGD 1.320
- Market CapSGD 2.3B
- Avg Volume616K
- P/E Ratio (TTM)12.17
- Forward Dividend Yield4.3%
Share Price Performance
EB5.SI | Market
| |
---|---|---|
1 Day | 1.39% | 0.24% |
5 Day | -0.68% | -0.31% |
1 Month | 5.04% | 2.49% |
6 Month | -0.68% | 9.02% |
YTD | 1.39% | 6.08% |
1 Year | -4.58% | 6.50% |
5 Year | -8.75% | 9.82% |
Market Analysis
Consensus Share Price Target
Price Target: $1.606
Source: SGX as of 27 Jul 2024
Analyst Ratings
Maybank Research
01 Mar 2024
Hold
(prev Buy)
1.450
(prev 1.850)
RHB Invest
08 Jan 2024
Neutral
1.450
(prev 1.500)
UOB Kay Hian
15 Jan 2024
Hold
1.650
Analyst Reports
Valuation
Price to earnings (P/E) ratio
9.2
12.7
First Resources Limited's current P/E ratio of 9.2x is lower than its historical average P/E ratio of 12.7x.
Price to book (P/B) ratio
1.8
1.7
First Resources Limited's current P/B ratio of 1.8x is higher than its historical average P/B ratio of 1.7x.
Earnings
Earnings Highlights
1Q 2024 Results Summary
Revenue: SGD 210.50M
Increased 6% Year-on-Year
The better financial performance in 1Q2024 was driven by an improvement in the overall sales volume achieved by the Group and a reduction in export taxes, despite lower average selling prices.
Net Profit: SGD 36M
Increased 87% Year-on-Year
The better financial performance in 1Q2024 was driven by an improvement in the overall sales volume achieved by the Group and a reduction in export taxes, despite lower average selling prices.
Debt to Equity Ratio: 23%
Increased 6% Year-on-Year
Outlook
As the seasonally lower production period unfolded in the first quarter of 2024, falling stocks in producing countries, coupled with increased festive demand leading up to Ramadan, resulted in higher palm oil prices. With expectations of a seasonal uptick in production, palm oil prices have since moderated and improved its competitiveness against other vegetable oils. On the demand front, the ongoing push towards higher biodiesel blends by countries is expected to lend support to global vegetable oil consumption demand and prices.
Sources: First Resources Limited Financial Report
Earnings per share (EPS)
The latest earnings per share is $0.12, which is lower than the earnings per share of $0.28 in 2022.
Financials
Financial Statements
29 Feb 2024 | For period ending 31 Dec 2023 |
11 Aug 2023 | For period ending 30 Jun 2023 |
Annual Reports
04 Apr 2024 | For period ending 31 Dec 2023 |
04 Apr 2024 | For period ending 31 Dec 2023 |