DBS raises target to SGD 6.30 for First Resources stock

Published on 10/15/2026 at 19:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DBS forecasts USD 500.00 million earnings for 2027. First Res stock costs EUR 2.85 on October 15, 2026; SGX fell 3.32 percent against its previous close.

Analyst target and reporting date

On September 24, 2026, DBS raised its First Resources target to SGD 6.30.
DBS forecast USD 500.00 million in fiscal 2027 earnings, up 13.00 percent.
First Resources stock costs EUR 2.85 at Lang & Schwarz on October 15, 2026 at 7:35 p.m. CEST; SGX fell 3.32 percent against its previous close.
First Resources is scheduled to announce third-quarter results on November 13, 2026, with a P/E of 15.91.

First Res, SG1W35938974, Illustration mit AI erstellt.

DBS raised its target for First Resources to SGD 6.30 on September 24, 2026, and maintained a Buy rating, according to DBS. Against the SGX quote of SGD 4.08 on October 15, 2026, the target stands 54.41 percent above the price. First Resources stock was trading at EUR 2.85 at Lang & Schwarz on October 15, 2026 at 7:35 p.m. CEST.

DBS target and earnings view

DBS forecast fiscal 2027 earnings of USD 500.00 million, up 13.00 percent from its fiscal 2026 estimate of USD 444.00 million. The bank also lifted its fiscal 2027 earnings forecast by 5.00 percent, citing higher crude palm oil price assumptions and productivity gains from the ANJ Plantation assets.

The report placed the fiscal 2027 forecast at a P/E of 12.60, compared with 14.20 for fiscal 2026 and 17.80 for fiscal 2025. Its dividend-yield estimates were 3.70 percent for fiscal 2027, 3.10 percent for fiscal 2026 and 2.30 percent for fiscal 2025.

Trading range remains wide

First Resources last traded at SGD 4.08 on the Singapore Exchange on October 15, 2026 at 5:04 p.m. SGT, down 3.32 percent from SGD 4.22. The session range was SGD 4.00 to SGD 4.19, while volume reached 4,597,700 shares against an average of 2,700,098.

The 52-week range was SGD 1.70 to SGD 5.24. The latest price was 22.14 percent below the high and 140.00 percent above the low. The market capitalization was SGD 6.3 billion.

Valuation and next date

First Resources had a trailing P/E of 15.91 and a dividend yield of 0.04 percent on October 15, 2026. The company is scheduled to announce third-quarter results on November 13, 2026, according to its investor-relations calendar.

On October 15, 2026, First Resources had responded to reports about fires in West Kalimantan and described its monitoring and firefighting measures, as TipRanks reported.

Comparison with peers

First Resources (SGX, SGD): minus 3.32 percent, P/E 15.91, market capitalization SGD 6.3 billion

Wilmar International (SGX, SGD): minus 0.85 percent, P/E 11.89, market capitalization SGD 21.7 billion

Olam Group (SGX, SGD): minus 1.08 percent, P/E 1.36, market capitalization SGD 3.5 billion

First Resources stock after hours

First Resources stock was trading at EUR 2.85 at Lang & Schwarz on October 15, 2026 at 7:35 p.m. CEST. Its Singapore listing last stood at SGD 4.08 on October 15, 2026 at 5:04 p.m. SGT, after the Singapore session had ended.

The further course of trading is shown by the continuously updated real-time quote of First Res stock.