First Resources' Earnings Seen Benefiting from Higher Palm Oil Prices -- Market Talk

Dow Jones05-15

0319 GMT - First Resources' 2Q earnings could benefit from higher crude palm oil prices, DBS Group Research's William Simadiputra and Zheng Feng Chee say in commentary. The price benchmark for the commodity has climbed since the Middle East conflict broke out in February. Crude palm oil's wide discount to rival soybean oil could continue to support prices this year, they say. The Singapore-listed palm oil producer's Indonesia operations should help it to procure locally-produced fertilizer and avoid expensive urea imports, the analysts add. DBS maintains its buy rating and target price of 5.00 Singapore dollars. Shares are 1.3% lower at S$3.76. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

May 14, 2026 23:19 ET (03:19 GMT)

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