First Res stock gains 5.54 percent after profit jumps 42.2 percent? no

Published on 10/07/2026 at 04:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First Res stock was trading at SGD 4.57 on October 7, 2026, after first-half revenue rose 44.5 percent to USD 973.6 million. Eight analysts set an average target of SGD 4.828.

First Res, SG1W35938974, Illustration mit AI erstellt.

First Res (ISIN SG1W35938974) was trading at SGD 4.57 on the SGX on October 7, 2026 at 10:38 a.m. SGT, up 5.54 percent from the prior close. The move follows the company's first-half 2026 results, which were listed by First Resources among its August 14, 2026 announcements.

Revenue rises with profit

According to The Smart Investor on September 17, 2026, First Resources reported USD 973.6 million in revenue for 1H 2026, an increase of 44.5 percent from 1H 2025. Underlying net profit rose 42.2 percent to USD 216.2 million, excluding biological asset fair value movements.

The comparison needs context: the acquisition of PT Austindo Nusantara Jaya contributed six months in 1H 2026, compared with two months in the prior-year period. Higher sales volumes and improved processing margins nevertheless supported the reported improvement.

Dividend growth adds income appeal

First Resources raised its interim dividend 77.8 percent to SGD 0.08 per share from SGD 0.045, according to The Smart Investor. Free cash flow reached USD 100.6 million, compared with negative USD 84.7 million a year earlier, while operating cash flow stood at USD 210.7 million.

The key counter-factor is exposure to palm oil prices, weather and Indonesian policy. The same report said prospective El Niño conditions could affect future production, while the B50 biodiesel mandate may support domestic demand.

Analysts see limited upside

The consensus on Investing.com is Strong Buy, based on 8 analysts: 7 Buy ratings, 1 Hold rating and 0 Sell ratings. The average 12-month target is SGD 4.828, with a high of SGD 6.04440475 and a low of SGD 4.01046319. The average target lies 5.6 percent above the October 7 price.

First Res stock trades below yearly high

First Res stock was last at SGD 4.57 on the SGX on October 7, 2026 at 10:38 a.m. SGT. The session range was SGD 4.33 to SGD 4.58, against a 52-week range of SGD 1.67 to SGD 5.24.