SGX:EB5Food
Is First Resources (SGX:EB5) Still Undervalued As Volumes And Margins Improve?
First Resources (SGX:EB5) has drawn fresh attention after reporting higher production volumes and improved processing margins, supported by firm crude palm oil prices and Indonesia’s initiative to increase the palm-based biodiesel content in diesel.
First Resources’ share price has gathered strong momentum, with a 30-day share price return of 34.81% and a year-to-date share price return of 119.71% at a latest price of SGD4.57. The 1-year total shareholder return of 184.84% and 5-year total...