Singapore Stock Market News

First Resources - Reaching a plateau

StockFanatic
Publish date: Wed, 24 Jun 2015, 01:12 PM
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A sophisticated planter
First Resources (FR) is known as a lowest-cost palm oil producer relative to Indonesian peers; and for its long-dated forward sales on palm oil and processed products. This had helped to lift the group's ASP higher than spot prices in 2013. While we understand the group had exhausted its forward sales in 2014; we continue to conservatively expect FR to maintain its ASP relatively in line with spot average this year.
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