First Resources Looks Attractive on Dividend Yield, Other Factors -- Market Talk

Dow Jones

Jun 18

0500 GMT - First Resources looks attractive on the stock's dividend yield of around 6% and other factors, Maybank Research's Ong Chee Ting says in a research report. Given the absence of capital-expenditure plans, the palm oil producer has increased its dividend payout ratio to 60% of underlying net profit from 2026 onward, compared with 50% previously, the analyst notes. Also, the company still has a relatively healthy balance sheet with manageable net gearing of 40% as at December 2025. Maybank Research upgrades the stock's rating to buy from hold, partly due to it trading at around 10X P/E, and maintains a target price of 3.84 Singapore dollars. Shares are 4.25% higher at S$3.19. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 18, 2026 01:00 ET (05:00 GMT)

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Given the absence of capital-expenditure plans, the palm oil producer has increased its dividend payout ratio to 60% of underlying net profit from 2026 onward, compared with 50% previously, the analyst notes. Also, the company still has a relatively healthy balance sheet with manageable net gearing of 40% as at December 2025. Maybank Research upgrades the stock's rating to buy from hold, partly due to it trading at around 10X P/E, and maintains a target price of 3.84 Singapore dollars. Shares are 4.25% higher at S$3.19. 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Given the absence of capital-expenditure plans, the palm oil producer has increased its dividend payout ratio to 60% of underlying net profit from 2026 onward, compared with 50% previously, the analyst notes. Also, the company still has a relatively healthy balance sheet with manageable net gearing of 40% as at December 2025. Maybank Research upgrades the stock's rating to buy from hold, partly due to it trading at around 10X P/E, and maintains a target price of 3.84 Singapore dollars. Shares are 4.25% higher at S$3.19. (ronnie.harui@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  June 18, 2026 01:00 ET (05:00 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":"SGXZ24219693.SGD","symbol_name":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2644774342","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2644774342","pubTimestamp":1781758800,"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":"0500 GMT - First Resources looks attractive on the stock's dividend yield of around 6% and other factors, Maybank Research's Ong Chee Ting says in a research report. Given the absence of capital-expenditure plans, the palm oil producer has increased its dividend payout ratio to 60% of underlying net profit from 2026 onward, compared with 50% previously, the analyst notes. Also, the company still has a relatively healthy balance sheet with manageable net gearing of 40% as at December 2025. Maybank Research upgrades the stock's rating to buy from hold, partly due to it trading at around 10X P/E, and maintains a target price of 3.84 Singapore dollars. Shares are 4.25% higher at S$3.19. 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Given the absence of capital-expenditure plans, the palm oil producer has increased its dividend payout ratio to 60% of underlying net profit from 2026 onward, compared with 50% previously, the analyst notes. Also, the company still has a relatively healthy balance sheet with manageable net gearing of 40% as at December 2025. Maybank Research upgrades the stock's rating to buy from hold, partly due to it trading at around 10X P/E, and maintains a target price of 3.84 Singapore dollars. Shares are 4.25% higher at S$3.19. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 18, 2026 01:00 ET (05:00 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":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}