---
title: "DBS Sticks to Its Buy Rating for First Resources (Singapore) (FTROF)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285197195.md"
description: "DBS analyst William Simadiputra has reaffirmed a Buy rating for First Resources (Singapore) (FTROF), setting a price target of S$5.00. The consensus among analysts is a Moderate Buy with an average target of S$3.83. Simadiputra has a notable track record, achieving an average return of 37.1% and a 78% success rate on his stock recommendations."
datetime: "2026-05-05T11:26:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285197195.md)
  - [en](https://longbridge.com/en/news/285197195.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285197195.md)
---

# DBS Sticks to Its Buy Rating for First Resources (Singapore) (FTROF)

In a report released today, William Simadiputra from DBS maintained a Buy rating on First Resources (Singapore), with a price target of S$5.00.

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Simadiputra covers the Consumer Defensive sector, focusing on stocks such as First Resources (Singapore), Bumitama Agri Ltd., and Wilmar International. According to TipRanks, Simadiputra has an average return of 37.1% and a 78.00% success rate on recommended stocks.

Currently, the analyst consensus on First Resources (Singapore) is a Moderate Buy with an average price target of S$3.83.

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