In a report released yesterday, William Simadiputra from DBS maintained a Buy rating on First Resources (Singapore) (FTROF – Research Report), with a price target of S$2.00. The company’s shares closed last Thursday at $1.19.
According to TipRanks, Simadiputra is ranked #5975 out of 8447 analysts.
Currently, the analyst consensus on First Resources (Singapore) is a Hold with an average price target of $1.22.
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The company has a one-year high of $1.32 and a one-year low of $0.87. Currently, First Resources (Singapore) has an average volume of 139.
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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.
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