First Resources' Valuation Now Seems Fair, Prompts Call to Take Profit -- Market Talk

Dow Jones

May 18

0448 GMT - First Resources' valuation now seems fair to analysts at RHB Research, who believe investors should take profit from the stock's strong rally over the last year. Its shares now trade around 12X its projected 2026 price-to-earnings ratio, which is on the high end of its peers' 7X-12X range, the Singapore Research team says in a note. The analysts also cut their 2026-2028 earnings estimates by 1.0%-2.5% after raising their assumptions for the Singapore-listed palm oil producer's unit costs. RHB downgrades its rating on its stock to neutral from buy but raises its target price to S$3.70 from S$3.45. Shares fall 2.8% to S$3.79.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 18, 2026 00:48 ET (04:48 GMT)

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Its shares now trade around 12X its projected 2026 price-to-earnings ratio, which is on the high end of its peers' 7X-12X range, the Singapore Research team says in a note. The analysts also cut their 2026-2028 earnings estimates by 1.0%-2.5% after raising their assumptions for the Singapore-listed palm oil producer's unit costs. RHB downgrades its rating on its stock to neutral from buy but raises its target price to S$3.70 from S$3.45. Shares fall 2.8% to S$3.79.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 18, 2026 00:48 ET (04:48 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>First Resources' Valuation Now Seems Fair, Prompts Call to Take Profit -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFirst Resources' Valuation Now Seems Fair, Prompts Call to Take Profit -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-18 12:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0448 GMT - First Resources' valuation now seems fair to analysts at RHB Research, who believe investors should take profit from the stock's strong rally over the last year. Its shares now trade around 12X its projected 2026 price-to-earnings ratio, which is on the high end of its peers' 7X-12X range, the Singapore Research team says in a note. The analysts also cut their 2026-2028 earnings estimates by 1.0%-2.5% after raising their assumptions for the Singapore-listed palm oil producer's unit costs. RHB downgrades its rating on its stock to neutral from buy but raises its target price to S$3.70 from S$3.45. Shares fall 2.8% to S$3.79.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 18, 2026 00:48 ET (04:48 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2380233275.USD","symbol_name":"SCHRODER ISF GLOBAL SUSTAINABLE FOOD AND WATER \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2636492080","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636492080","pubTimestamp":1779079680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0448 GMT - First Resources' valuation now seems fair to analysts at RHB Research, who believe investors should take profit from the stock's strong rally over the last year. Its shares now trade around 12X its projected 2026 price-to-earnings ratio, which is on the high end of its peers' 7X-12X range, the Singapore Research team says in a note. The analysts also cut their 2026-2028 earnings estimates by 1.0%-2.5% after raising their assumptions for the Singapore-listed palm oil producer's unit costs. RHB downgrades its rating on its stock to neutral from buy but raises its target price to S$3.70 from S$3.45. 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Its shares now trade around 12X its projected 2026 price-to-earnings ratio, which is on the high end of its peers' 7X-12X range, the Singapore Research team says in a note. The analysts also cut their 2026-2028 earnings estimates by 1.0%-2.5% after raising their assumptions for the Singapore-listed palm oil producer's unit costs. RHB downgrades its rating on its stock to neutral from buy but raises its target price to S$3.70 from S$3.45. Shares fall 2.8% to S$3.79.(megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 18, 2026 00:48 ET (04:48 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}