Monday, May 24, 2010

First Resources Limited : Exponential Earnings Growth At Inexpensive Valuations - 24/05/2010

Small but growing fast. First Resources (FR) is a small (by Indonesian standards) but efficient pure plantation company listed in Singapore. FR has 113,010ha of landbank in Indonesia. It currently operates 8 palm oil mills with total capacity of 435t/hr, while it has also ventured downstream, via a 250,000 tonne capacity refinery and a 250,000 tonne capacity biodiesel plant. It is currently in the midst of constructing a 300,000 tonne fractionation plant within the same downstream manufacturing complex, which will be completed by 1HFY12/011.

First Resources Limited :Exponential Earnings Growth At Inexpensive Valuations -24/05/2010

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