First Resources stock closed the trading session of 4 Feb 2017 at $1.865. UOB Kay Hian in a report yesterday “First Resources- Expect A Satisfying 1Q17” maintained its Buy call for the stock with a target price of $2.15, implying an approximate 15.3% potential upside for the stock. UOB Kay Hian expected a stronger Crude Palm Oil prices to be one of the reasons for a stronger year-to-year performance for the stock.
Based on the stock closing price yesterday, First Resources stock is currently supported by its 200-Days-Moving-Average. There are quite large bearish stock candlesticks and the candlesticks look volatile. The resistance of $1.98 should be broken past in order for a rally to be sustained and clear.
First Resources is currently trading at 1.6% dividends yield, a Price-to-Earnings ratio of 16.965. Its Price-to-Earnings ratio is higher than its peers: Bumitama Agriculture (12.344) …Read the full article →