UOB Kay Hian analyst Leow Huey Chuen maintained a Hold rating on First Resources (Singapore) (FTROF – Research Report) yesterday and set a price target of S$1.55. The company’s shares closed last Tuesday at $1.28.
According to TipRanks, Huey Chuen is a 2-star analyst with an average return of 0.9% and a 33.33% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Resources (Singapore) with a $1.28 average price target.
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FTROF market cap is currently $1.86B and has a P/E ratio of 5.71.
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First Resources Ltd. (Singapore) is an investment holding company, which engages in the general trading and provision of technical assistance. It operates through the Plantation and Palm Oil Mills; and Refinery and Processing segments. The Plantations and Palm Oil Mills segment focuses on the cultivation and maintenance of oil palm plantations and operation of palm oil mills. The Refinery and Processing segment deals with the marketing and sale of processed palm based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities. The company was founded in 1992 and is headquartered in Singapore.
