Singapore Stock Market News

First Resources - Expect weaker 1Q14 results

StockFanatic
Publish date: Thu, 17 Apr 2014, 10:23 AM
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• 1Q14 CPO output rose 14% y-o-y (-24% q-o-q) to 131,474 MT

• Assuming 1Q14 ASP is US$797/MT, earnings would be US$49m - US$52m for the quarter

• Expect output growth to decelerate in subsequent quarters

• Reiterate HOLD call
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