Analysts at RHB, CGS-CIMB and Maybank have raised their target prices for First Resources to $2, $2.12 and $1.88 respectively.
RHB analyst Hoe Lee Leng has a “buy” call for Wilmar and “neutral” calls for First Resources, Bumitama Agri and Golden Agri.
The final dividend of 5.10 cents per share is the highest since the group’s listing.