Singapore Stock Exchange

COMPANY OVERVIEW: FIRST RESOURCES LIMITED

Alex Gray
Publish date: Fri, 11 Sep 2015, 06:28 PM
Alex Gray
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First Resources Limited, is an investment holding company, which engages in the cultivation and maintenance of oil palm plantations primarily in Singapore and Indonesia. It operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is also involved in harvesting and milling the fresh fruit bunches into crude palm oil (CPO) and palm kernel products, and also process CPO and palm kernel into value palm-based products, such as bio-diesel, refined, bleached and deodorized (RBD) olein, RBD stearin, palm kernel oil, and palm kernel expeller. It engages in oil palm seed breeding and rubber plantation activities; and marketing and selling processed palm based products. First Resources manages approximately 190,000 hectares of oil palm plantations, and operates 12palm oil mills in Indonesia. Apart from this, it owns and manages air-crafts. The Company exports its products. It was found in 1992 and is based in Singapore. It is a subsidiary of Eight Capital Inc.
Return on Equity
14.45%
Net Asset Value
SGD 1076.859
Market Cap
SGD 3065.2 MN
FINANCIAL VIEW
  • The ratio of asset and liability is increasing as y-o-y figures are considered.
  • The net income and Gross profit are not that much reliable, however for short term investment it can be ignored.


FY2013
31Dec 13
FY2014
31Dec 14
LTM Ending
30 Jun 15
Revenue
626.429
615.524
533.898
Gross Profit
381.743
323.399
306.68
Net Income
238.242
173.409
156.103
EBITDA
337.126
297.665
283.69
Total Assets
1780.274
1997.855
1957.131
Total Liabilities
740.149
882.105
880.272
GROWTH OVER PRIOR YEAR (%)
TECHNICAL INDICATORS:
Daily Chart: It is a major uptrend counter and has recently taken a lot of correction is downtrend, now it has started showing up the bullish signal by giving a breakout on the trend line and on OBV. Also, RSI is too low now, which means an oversold condition and thus stock is likely to increase now.
SGX Symbol
EB5
Currency
SGD
Last Done
1.555
Volume('000)
1127.3
Day's Range
1.52-1.56
52 Weeks' Range
1.435-2.19
Weekly Chart: Weekly chart will also show the bullish signals if it goes above 1.60 and thus give a clear breakout on the trend line as well as the OBV.
S1
S2
R1
R2
1.515
1.435
1.60
1.725
Our VIEW:
Overall Trend: Overall trend seems to be positive with some minor corrections, if any.
Short term View: BULLISH above 1.60 with support @ 1.515.
Long term View: BULLISH above 1.725 with support @ 1.60.
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