First Resources (technical)

First Resources: UOB Kay Hian has Technical Buy Call with $2.35 TP and potential 14.1% return. House note that gr[ has a balanced age profile which enables it to concurrently post strong production growth and good earnings. The stock is trading above its key support level at $1.90. Immediate support could be at S$2.00 while the stock may have an ultimate resistance at $2.35.