First Resources stock sits 39.68 percent below DBS target of SGD 6.30

Published on 10/17/2026 at 20:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results come on November 13, 2026. First Resources stock was last at SGD 3.80 on October 16, 2026, down 6.86 percent on SGX versus the prior close.

Valuation and calendar

DBS set its First Resources target at SGD 6.30 on September 24, 2026.
First Resources is scheduled to report third-quarter results on November 13, 2026.
First Resources stock was last at SGD 3.80 on October 16, 2026 at 5:08 p.m. SGT, down 6.86 percent on SGX versus the prior close.
The stock had a market capitalization of SGD 5.9 billion and a P/E ratio of 14.85 on October 16, 2026.

First Res, SG1W35938974, Illustration mit AI erstellt.

First Resources stock sits 39.68 percent below DBS's SGD 6.30 target, based on the firm's September 24, 2026 research note. The stock was last at SGD 3.80 on October 16, 2026 at 5:08 p.m. SGT, down 6.86 percent on the Singapore Exchange versus the prior close.

Target distance is 39.68 percent

DBS raised its target to SGD 6.30 and maintained a Buy recommendation on September 24, 2026. The target stands 65.79 percent above the October 16 stock price, while the stock sits 39.68 percent below the target. DBS based its view on a projected fiscal 2027 price-to-earnings ratio of 14.00 and cited weaker crude palm oil prices as a downside risk.

Results date is November 13

First Resources's investor calendar lists November 13, 2026 for the third-quarter results announcement. The date gives investors the next formal checkpoint for production, selling prices and margins after the company's first-half performance.

Price position in Singapore

First Resources closed the October 16 session at SGD 3.80 on the Singapore Exchange. Its 52-week range was SGD 1.70 to SGD 5.24 on October 16, putting the stock 27.48 percent below the high and 123.53 percent above the low. Trading volume was 2,759,700 shares against an average volume of 2,724,143 shares.

Valuation and reporting date

The market capitalization stood at SGD 5.9 billion and the P/E ratio at 14.85 on October 16, 2026. The trailing dividend yield was 0.05 percent on the same date. First Resources lists November 13, 2026 as the next results date.

Comparison with peers

First Resources (SGX, SGD): minus 6.86 percent, P/E 14.85, market capitalization SGD 5.9 billion
Wilmar International (SGX, SGD): minus 1.15 percent, P/E 11.78, market capitalization SGD 21.5 billion
Golden Agri-Resources (SGX, SGD): minus 3.45 percent, P/E 4.53, market capitalization SGD 3.6 billion

Market levels frame the report

First Resources combines a 39.68 percent discount to the DBS target with a 27.48 percent gap below its 52-week high. The November 13 results date is the next fixed point for reassessing the earnings and valuation picture.

First Resources market data

Company: First Resources Limited
ISIN: SG1W35938974
Ticker: EB5
Primary exchange: Singapore Exchange
Last price Singapore Exchange (as of October 16, 2026, 5:08 p.m. SGT): SGD 3.80
Change versus prior close: minus 6.86 percent
Market capitalization: SGD 5.9 billion (as of October 16, 2026)
52-week range: SGD 1.70-5.24 (as of October 16, 2026)
Sector / Industry: Consumer Defensive / Agricultural Farm Products
Next earnings date: November 13, 2026