//
@Fistein:
$First Resources(EB5.SI)$ 4 Target Price, due to ongoing Oil Tanker blockage in Hormuz Strait create alternative energy demand like palm oil. First Resources is a leading palm oil producer managing over 200,000 hectares of oil palm plantations across the Riau, East Kalimantan, and West Kalimantan provinces of Indonesia. The group's core business includes cultivating oil palm, harvesting the fruit, and milling them into crude palm oil (CPO) and palm kernel. First Resources reported a strong set of earnings for 2024 with sales rising nearly 6% year on year to US$1 billion. Gross profit improved by 22.8% year on year to US$445.7 million and underlying net profit climbed 56.1% year on year to US$228.8 million. The business also generated a free cas
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments