Friday, July 7, 2017

SGX STOCKS UPDATE FIRST RESOURCES.

FIRST RESOURCES (EB5)                                                                                                                                                                Date:07/07/2017


COMPANY DESCRIPTION
First Resources Limited, an investment holding company, engages in the cultivation and maintenance of oil palm plantations primarily in Singapore and Indonesia.
The company operates through two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is also involved in harvesting and milling the fresh fruit bunches into crude palm oil (CPO) and palm kernel products; and processes CPO and palm kernel into value palm-based products, such as biodiesel, palm kernel oil, and palm kernel expeller, as well as refined, bleached and deodorised (RBD) olein, and RBD stearin.
In addition, the company engages in oil palm seed breeding and rubber plantation activities; marketing and selling processed palm based products; and provision of aircraft ownership and management.
It manages approximately 208,691 hectares of oil palm plantations; and operates 14 palm oil mills in Indonesia. The company was founded in 1992 and is based in Singapore.
First Resources Limited is a subsidiary of Eight Capital Inc.


OVERVIEW







Previous Open Price
    S$ 1.895
Previous Day High/Low
S$ 1.895 - $ 1.87
Previous Day Volume
        1.949
Previous Close
     S$ 1.88
Previous Close Date
    06/Jul/2017
Ordinary Shares (‘000)
  1584.05 mm

Beta
      0.504
Total Market Cap
S$ 2985.98 mm
52 Week High/Low
S$ 2.01-S$ 1.51
Flot
     34.97 %




VALUATION





Price/Book Value
2.264
P/E Ratio
12.793
Dividend Yield
1.54 %
EV/EBITDA
7.82



FINANCIAL 






Debt/EBITDA
1.417
Cap Ex

S$ (126.22)mm
Total Debt
S$ 634.35mm
EBIT
S$367.82 mm
Enterprise Value
S$ 3446.2 mm
Total Revenue
S$ 916.68 mm
Total Assets
S$2483.87 mm
Net Income
S$ 235.38 mm
Cash & ST Investments
S$221.97 mm
EBITDA
S$ 447.68 mm




TECHNICAL CHART 


Rationale Behind Signal
First Resources (EB5)
Stock is now bouncing from bottom on chart and may bounce if it break the level of 1.89. if we analyze daily chart of stock it has consolidation, immediate resistance was placed at 1.89 if it manages to sustain above this level we can expect further targets of 1.96 Suggest midterm investors to pick stock above 1.89 . Stock has a major support of 1.89 .Overlays: Bollinger Band: Stock has crossed the mid band on 1.88 & now trading @ 1.885. Indicator & Oscillator MACD- MACD momentum above Signal line which is indicating bullish signal. RSI –Relative strength Index broken 50 and sustaining above the level giving confirmation to positive trend. Stochastic: K% Crossed D% which indicates bounce from bottom.
BUY FIRST RESOURCES ABOVE 1.89 WITH SL OF 1.85 TP 1.96
WWW.777TRADES.COM

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