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First Resources Limited (EB5.SI)
SGD3.43
+0.05 (+1.48%)
SG SES Consumer Defensive Agricultural Farm Products
Address
No. 36-02, Suntec Tower Three 38988
Singapore, SG
Singapore, SG
CEO
Ciliandra Fangiono
Website
first-resources.com
IPO
2007-12-10
ISIN SG1W35938974
Also trades on
Other OTC · FSRCY (USD)
Other OTC · FTROF (USD)
Stock Exchange of Singapore · EB5.SI (SGD)
Description
First Resources Limited, founded in Singapore in 1992, operates as an investment holding company primarily focused on palm oil production. Its extensive operations span Singapore, Indonesia, Europe, China, and other international regions. The company's business is organized into two main divisions: Plantations and Palm Oil Mills, and Refinery and Processing. In its Plantations and Palm Oil Mills segment, First Resources is responsible for cultivating and maintaining oil palms, as well as harvesting and milling fresh fruit bunches to produce crude palm oil (CPO) and palm kernels (PK). The Refinery and Processing division subsequently transforms these CPO and PK products into a variety of value-added derivatives, such as biodiesel, palm kernel oil, palm kernel expeller, and refined, bleached, and deodorized (RBD) olein and stearin. Beyond its core palm oil activities, the company also engages in rubber cultivation. First Resources oversees a substantial agricultural portfolio, managing 212,208 hectares of oil palm plantations and an additional 6,321 hectares dedicated to rubber. The company is a subsidiary of Eight Capital Inc.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
SGD3.43
+0.05 (+1.48%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
0.00
Float Shares
407.17M
Free Float %
26.3%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.75% | -7.02% | -24.07% | +11.81% | +28.02% | +26.79% | +86.62% | +73.20% | +97.76% | +64.60% | +117.21% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
3.43
DCF (Unlevered)
3.10
-9.7%
DCF (Levered)
2.59
-24.6%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
75% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 5 | -1 |
| Hold | 2 | +2 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
3.40
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
★ Strong MOAT
-
Revenue growth Agricultural Farm Products: +8.2%+62.4% ★ Q2'25: +47.4% (vs Q2'24)
-
EPS growth Agricultural Farm Products: +20.0%+43.8% ★ Q2'25: +44.7% (vs Q2'24)
-
FCF margin FCF growth · Agricultural Farm Products: +43.8%+7.3% Q2'25: -12.7% (vs Q2'24)
-
EBIT margin Agricultural Farm Products: +8.1%+30.6% ★ Q2'25: +31.0% (vs Q2'24)
-
ROIC Agricultural Farm Products: +6.0%+17.1% ★ Q2'25: +13.8% (vs Q2'24)
-
Share dilution Agricultural Farm Products: +0.0%-0.6% ★ Q2'25: -0.6% (vs Q2'24)
-
Debt / EBITDA Net debt/EBITDA · Agricultural Farm Products: 0.61×1.51× Q2'25: 1.84× (vs Q2'24)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 6 Rev. Ana. 5 EPS Ana. |
Dec 2027 6 Rev. Ana. 5 EPS Ana. |
Dec 2028 5 Rev. Ana. 4 EPS Ana. |
Dec 2029 2 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
453.67M
est: 501.82M (-9.6%)
|
575.23M
est: 543.98M (+5.7%)
|
646.99M
est: 630.80M (+2.6%)
|
633.49M
est: 661.26M (-4.2%)
|
614.89M
est: 601.13M (+2.3%)
|
660.43M
est: 940.85M (-29.8%)
|
660.43M
est: 710.74M (-7.1%)
|
1.03B
est: 1.19B (-13.5%)
|
1.03B
est: 882.06M (+17.0%)
|
1.23B
est: 1.63B (-24.9%)
|
1.23B
est: 1.21B (+1.1%)
|
980.59M
est: 729.94M (+34.3%)
|
1.04B
est: 988.87M (+5.0%)
|
1.69B
est: 1.36B (+24.3%)
|
1.72B
1.42B – 1.95B
+26.9% YoY
|
1.80B
1.47B – 1.96B
+4.7% YoY
|
1.75B
1.43B – 1.94B
-2.8% YoY
|
1.39B
1.13B – 1.54B
-20.8% YoY
|
| EBITDA |
196.11M
est: 180.06M (+8.9%)
|
241.72M
est: 195.19M (+23.8%)
|
274.61M
est: 226.34M (+21.3%)
|
255.57M
est: 237.26M (+7.7%)
|
225.44M
est: 215.69M (+4.5%)
|
261.88M
est: 341.72M (-23.4%)
|
261.88M
est: 255.02M (+2.7%)
|
330.04M
est: 433.26M (-23.8%)
|
330.04M
est: 316.49M (+4.3%)
|
494.23M
est: 592.41M (-16.6%)
|
494.23M
est: 434.75M (+13.7%)
|
278.50M
est: 261.91M (+6.3%)
|
428.44M
est: 354.82M (+20.8%)
|
631.77M
est: 487.09M (+29.7%)
|
618.30M
507.77M – 698.38M
+26.9% YoY
|
647.58M
525.95M – 704.01M
+4.7% YoY
|
629.36M
513.94M – 697.23M
-2.8% YoY
|
498.51M
407.09M – 552.27M
-20.8% YoY
|
| EBIT |
146.13M
est: 142.27M (+2.7%)
|
207.71M
est: 154.22M (+34.7%)
|
226.92M
est: 178.83M (+26.9%)
|
187.15M
est: 187.47M (-0.2%)
|
154.58M
est: 170.42M (-9.3%)
|
190.01M
est: 263.39M (-27.9%)
|
190.01M
est: 201.50M (-5.7%)
|
244.99M
est: 333.94M (-26.6%)
|
244.99M
est: 250.07M (-2.0%)
|
417.88M
est: 456.60M (-8.5%)
|
417.88M
est: 343.51M (+21.7%)
|
198.06M
est: 206.94M (-4.3%)
|
343.64M
est: 280.35M (+22.6%)
|
515.34M
est: 384.86M (+33.9%)
|
488.54M
401.21M – 551.81M
+26.9% YoY
|
511.67M
415.57M – 556.26M
+4.7% YoY
|
497.28M
406.08M – 550.90M
-2.8% YoY
|
393.89M
321.65M – 436.36M
-20.8% YoY
|
| Net Income |
95.65M
est: 128.13M (-25.3%)
|
125.37M
est: 103.03M (+21.7%)
|
137.70M
est: 139.85M (-1.5%)
|
120.00M
est: 131.36M (-8.6%)
|
89.13M
est: 90.26M (-1.3%)
|
99.67M
est: 171.36M (-41.8%)
|
99.67M
est: 128.65M (-22.5%)
|
161.11M
est: 188.31M (-14.4%)
|
161.11M
est: 138.39M (+16.4%)
|
325.20M
est: 463.15M (-29.8%)
|
325.20M
est: 315.89M (+2.9%)
|
145.40M
est: 131.28M (+10.8%)
|
245.79M
est: 228.15M (+7.7%)
|
359.41M
est: 323.28M (+11.2%)
|
394.77M
353.67M – 435.88M
+22.1% YoY
|
425.69M
358.29M – 493.10M
+7.8% YoY
|
399.43M
349.89M – 448.97M
-6.2% YoY
|
384.42M
292.78M – 438.31M
-3.8% YoY
|
| SGA |
48.51M
est: 41.11M (+18.0%)
|
50.55M
est: 44.56M (+13.4%)
|
53.23M
est: 51.68M (+3.0%)
|
64.05M
est: 54.17M (+18.2%)
|
79.23M
est: 49.25M (+60.9%)
|
81.48M
est: 78.97M (+3.2%)
|
81.48M
est: 58.23M (+39.9%)
|
86.04M
est: 100.13M (-14.1%)
|
86.04M
est: 72.26M (+19.1%)
|
65.64M
est: 136.91M (-52.1%)
|
65.64M
est: 99.26M (-33.9%)
|
73.38M
est: 59.80M (+22.7%)
|
87.84M
est: 81.01M (+8.4%)
|
191.14M
est: 111.21M (+71.9%)
|
141.17M
115.94M – 159.45M
+26.9% YoY
|
147.86M
120.08M – 160.74M
+4.7% YoY
|
143.70M
117.34M – 159.19M
-2.8% YoY
|
113.82M
92.95M – 126.09M
-20.8% YoY
|
| EPS |
0.06
est: 0.08 (-27.0%)
|
0.08
est: 0.07 (+19.0%)
|
0.09
est: 0.09 (-3.7%)
|
0.08
est: 0.08 (-10.6%)
|
0.06
est: 0.06 (-3.4%)
|
0.06
est: 0.11 (-42.7%)
|
0.06
est: 0.08 (-24.1%)
|
0.10
est: 0.12 (-17.2%)
|
0.10
est: 0.09 (+12.0%)
|
0.21
est: 0.27 (-23.4%)
|
0.21
est: 0.20 (+3.1%)
|
0.09
est: 0.08 (+10.5%)
|
0.16
est: 0.14 (+17.6%)
|
0.23
est: 0.21 (+10.2%)
|
0.26
0.23 – 0.28
+23.5% YoY
|
0.27
0.23 – 0.32
+4.8% YoY
|
0.26
0.23 – 0.29
-4.3% YoY
|
0.25
0.19 – 0.28
-3.9% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-28 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-26 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-25 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-22 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-21 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-20 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-19 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-18 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-15 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-14 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-13 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-12 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-11 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-08 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-07 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-06 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-05 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-05-04 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-30 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-29 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-28 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-27 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
290.10M
OE per share TTM
0.19
Owner's Yield
7.07%
Maintenance CapEx ratio
88.60%
Maint CapEx / Avg PPE
107.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 59 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | VanEck Indonesia Index ETF IDX | 1.06% | 304.9K | 0.57% |
| 2 | Fidelity Pacific ex-Japan Equity Research Enhanced UCITS ETF ACC-USD FPXR.L | 0.49% | 2.44M | 0.20% |
| 3 | Lazard International Dynamic Equity ETF IDEQ | 0.39% | 5.03M | 0.40% |
| 4 | Xtrackers MSCI Singapore UCITS ETF 1C O9A.SI | 0.24% | 282.6K | 0.50% |
| 5 | iShares MSCI Agriculture Producers ETF VEGI | 0.21% | 324.5K | 0.39% |
| 6 | Avantis International Small Cap Value ETF AVDV | 0.20% | 37.05M | 0.36% |
| 7 | iShares International Developed Small Cap Value Factor ETF ISVL | 0.15% | 463.5K | 0.31% |
| 8 | Avantis International Small Cap Equity ETF AVDS | 0.11% | 345.3K | 0.30% |
| 9 | iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L | 0.10% | 71.8K | 0.74% |
| 10 | Avantis Global Small Cap Value UCITS ETF AVGS.L | 0.06% | 678.9K | 0.39% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
63.9K
Shares Outstanding
1.55B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Ciliandra Fangiono | Chief Executive Officer & Executive Director | 2M | male |
| Zhixiang Fang | Deputy Chief Executive Officer & Executive Director | 1M | male |
| Ir. Suhaili | Vice President of Strategic Planning & Technology | — | male |
| Kuan Loong Lai | Company Secretary | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for EB5.SI
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
