First Resources is trading 5.09% up at SGD 4.54 after rising from its September 11 close of SGD 4.32, with the move apparently linked to supportive palm-oil sector conditions rather than a new company announcement.
- Palm-oil prices remain elevated amid biofuel demand and supply risks linked to El Niño.
- September CPO forecasts retain an upside bias.
- Strong H1 results are supportive but were announced on August 14.