First Res stock fell 3.50 percent on October 2

Published on 10/04/2026 at 23:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First Res stock was last at SGD 4.13 on October 2, 2026, while first-half revenue reached USD 973.6 million. DBS lifted its target to SGD 6.30.

First Res, SG1W35938974, Illustration mit AI erstellt.

First Res (ISIN SG1W35938974) was last at SGD 4.13 on the SGX on October 2, 2026, at 5:14 p.m. SGT, down 3.50 percent from the previous close. The latest company figures show a stronger operating base, with first-half revenue of USD 973.6 million and net profit attributable to owners of USD 234.9 million.

Revenue reaches USD 973.6 million

According to Yahoo Finance Singapore on September 7, 2026, First Resources generated USD 973.6 million in revenue during 1H2026, up 44.5 percent from the prior-year period. Underlying net profit, which excludes biological asset fair value movements, rose 42.2 percent to USD 216.2 million.

The reported net profit attributable to owners increased 57.4 percent to USD 234.9 million in 1H2026, according to Yahoo Finance Singapore on September 8, 2026. Operating cash flow reached USD 210.7 million, compared with USD 13.8 million a year earlier, while free cash flow turned positive at USD 100.6 million from negative USD 84.7 million.

DBS raises target to SGD 6.30

According to TradingView on September 24, 2026, DBS raised its First Resources target price to SGD 6.30 from SGD 5.00 and retained its Buy rating. The new target lies 52.5 percent above the SGD 4.13 price on October 2, 2026, while the analyst lifted 2027 earnings estimates by 5 percent to USD 500 million.

The dividend is another measurable part of the earnings story. First Resources increased its interim dividend to SGD 0.08 per share from SGD 0.045 a year earlier, a 77.8 percent increase, while its stated payout policy allows distributions of up to 60 percent of underlying profit.

First Res stock remains below its yearly high

At SGD 4.13, First Res stock stood 21.2 percent below its 52-week high of SGD 5.24 and above its 52-week low of SGD 1.67 on October 2, 2026. Trading volume was 3,481,100 shares and market capitalization was SGD 6.4 billion on the same date.

The next scheduled company event is the publication of third-quarter 2026 results on November 13, 2026, listed by MarketScreener in its financial calendar.