Singapore Stock Market News
First Resources - No surprises to 2Q18 results
StockFanatic
Publish date: Tue, 14 Aug 2018, 11:37 AM
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2Q18 core PATMI met 26%/25% of our/consensus full-year estimates - inline. We are keeping our forecasts, anticipating better 2H18 earnings. Maintain BUY and unchanged TP of SGD2.00 on 17x FY18 PER, pegged at its 5-year historical mean. We continue to like FR for its medium-term growth prospect and cost efficiency, being one of the lowest cost producers in the region. FR declared an interim DPS of 1.25sen. Read More
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