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)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2644774342"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2644774342\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2644774342?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-18 13:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2644774342","market":"sh","top_or_hot":-1,"title":"First Resources Looks Attractive on Dividend Yield, Other Factors -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \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>","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 Looks Attractive on Dividend Yield, Other Factors -- 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 Looks Attractive on Dividend Yield, Other Factors -- 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\">2026-06-18 13:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","SGXZ51708014.SGD":"AMOVA SINGAPORE EQUITY \"A\" (SGD) ACC","LU2380233275.USD":"SCHRODER ISF GLOBAL SUSTAINABLE FOOD AND WATER \"A\" (USD) ACC","BK6095":"农产品","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","BK6509":"食品和饮料股","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","EB5.SI":"益资源","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD"},"translate_title":"第一资源公司在股息收益率和其他因素方面看起来很有吸引力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EB5.SI":1.5},"content_text":"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) \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"}}}