First Resources - Good And Getting Better | I3investor

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First Resources - Good And Getting Better

StockFanatic

Publish date: Fri, 06 Mar 2015, 11:34 AM

We recently hosted meetings with FR's CEO, Mr Ciliandra Fangiono, in Malaysia with fund managers. Questions raised focus on CPO price outlook, the biodiesel programme in Indonesia, the slowdown in FR's new plantings, yield improvement and cost of production. FR is always our top pick given its attractive age profile, cost-efficient estates and hands-on management. It will continue to expand its plantation assets and improve productivity to sustain growth.

Maintain BUY. Target price: S$2.80.

First Resources (EB5)

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