Wilmar International Limited

Wilmar International is an investment holding company. Co.'s segments include: merchandising and processing, which include palm and laurics, engaged in merchandising and processing of palm oil and laurics related products and oilseeds and grains, engaged in merchandising and processing of a range of edible oils, oilseeds and grains; consumer products engaged in packaging and sales of consumer pack edible oils, rice, flour and grains; plantation and palm oil mills, engaged in oil palm cultivation and milling; sugar, which includes milling engaged in milling of sugarcane; and others engaged in manufacturing and distribution of fertilizer products and ship-chartering services.
  • TickerF34
  • ISINSG1T56930848
  • ExchangeSingapore Exchange
  • SectorFood Producers
  • CountrySingapore

Analysts

Nirgunan Tiruchelvam

Wilmar International: China IPO does not detract from severe debt risks

Wilmar International (WIL SP), Asia's largest agribusiness player, plans to raise US$2bn by listing its China unit. The preliminary prospectus was filed this week with the Shenzhen Stock Exchange. This may be the largest Chinese IPO in 2019.

UOB
Singapore Research Team

Strategy - Alpha Picks: Meaningful changes to our portfolio

Our portfolio rose 6.8% mom as June clawed back most of May’s 7.5% mom decline. We have made some meaningful changes to our portfolio by adding CDL Hospitality Trust as a long idea, and Venture and SATS as short ideas. We also removed CCT, OCBC and SPH from the portfolio.

UOB
Singapore Research Team

Singapore Daily - Friday, July 5, 2019

KEY HIGHLIGHTS Strategy Alpha Picks: Meaningful Changes To Our Portfolio: Our portfolio rises 6.8% mom in June, outperforming the FSSTI. We add CDL Hospitality Trust as a long idea, and Venture and SATS as short ideas. TRADERS’ CORNER Singapore Post (SPOST SP): Trading BUY Venture Corp (VMS SP): Trading SELL

Chokwai Lee

Morningstar | Dropping Coverage of Wilmar

We are dropping analyst coverage of Wilmar. We provide broad coverage of more than 1,500 companies across more than 90 industry groups and adjust our coverage as necessary based on client demand and investor interest.

Chokwai Lee

Dropping Coverage of Wilmar

We are dropping analyst coverage of Wilmar. We provide broad coverage of more than 1,500 companies across more than 90 industry groups and adjust our coverage as necessary based on client demand and investor interest....

Nirgunan Tiruchelvam

Wilmar International: China IPO does not detract from severe debt risks

Wilmar International (WIL SP), Asia's largest agribusiness player, plans to raise US$2bn by listing its China unit. The preliminary prospectus was filed this week with the Shenzhen Stock Exchange. This may be the largest Chinese IPO in 2019.

UOB
Singapore Research Team

Strategy - Alpha Picks: Meaningful changes to our portfolio

Our portfolio rose 6.8% mom as June clawed back most of May’s 7.5% mom decline. We have made some meaningful changes to our portfolio by adding CDL Hospitality Trust as a long idea, and Venture and SATS as short ideas. We also removed CCT, OCBC and SPH from the portfolio.

UOB
Singapore Research Team

Singapore Daily - Friday, July 5, 2019

KEY HIGHLIGHTS Strategy Alpha Picks: Meaningful Changes To Our Portfolio: Our portfolio rises 6.8% mom in June, outperforming the FSSTI. We add CDL Hospitality Trust as a long idea, and Venture and SATS as short ideas. TRADERS’ CORNER Singapore Post (SPOST SP): Trading BUY Venture Corp (VMS SP): Trading SELL

Chokwai Lee

Morningstar | Dropping Coverage of Wilmar

We are dropping analyst coverage of Wilmar. We provide broad coverage of more than 1,500 companies across more than 90 industry groups and adjust our coverage as necessary based on client demand and investor interest.

Chokwai Lee

Dropping Coverage of Wilmar

We are dropping analyst coverage of Wilmar. We provide broad coverage of more than 1,500 companies across more than 90 industry groups and adjust our coverage as necessary based on client demand and investor interest....

1 director bought

A director at Wilmar International Limited bought 1,000,000 shares at 3.048SGD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

Despite a double requalification, WILMAR INTL.LTD. is only slightly penalized by reducing to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of WILMAR INTL.LTD. (SG), active in the Food Products industry. Indeed, the title just lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk has also increased and the title is now qualified as moderately risky. Despite this double requalification, theScreener only slightly downgrades the general evaluation to Slightly Positive on account of the openly favourable environment. As of the analysis date May 24, 2019, the closing price was SGD 3.40 and its potenti...

Rudziah Siti

Wilmar International

Rudziah Siti

Wilmar International

Rudziah Siti

Wilmar International

Rudziah Siti

Wilmar International

UOB
Jacquelyn Yow Hui Li ...
  • Leow Huey Chuen

Plantation - The future of B30 biodiesel in Indonesia

Biodiesel production in Indonesia increased 6% mom and 38% yoy in May 19 amid the current B20 biodiesel blending mandate. Domestic consumption is expected to increase to 9m KL in 2020 (2019E: 6.2m KL) if the B30 blending mandate kick-starts in Jan 20. Singapore companies with biodiesel plants will benefit from the higher biodiesel mandate, which will lead to higher utilisation of their biodiesel plants and higher earnings contributions. Maintain MARKET WEIGHT.

UOB
Leow Huey Chuen

Plantation - 1Q19 results review: Earnings likely to have bottomed for this cycle

1Q19 saw another weak quarter of earnings for plantation companies largely due to subdued palm and palm kernel oil prices. Production patterns of companies vary depending on estate location and age profile. Companies with older palm trees reported weaker yoy production, but most companies are guiding for higher FBB production for the rest of 2019, especially 2H19. Thus, 1Q19 earnings would likely have been the bottom for this year. We expect stronger earnings in 2H19, driven by better production and higher ASP. Maintain MARKET WEIGHT.

UOB
Leow Huey Chuen

Plantation - Still positive on CPO prices

Both speakers remain positive on CPO prices which are likely to trade at US$530-550/tonne, and are highly dependent on government policies. B30 biodiesel implementation in Indonesia is unlikely to come before Jan 20. India would have higher palm oil demand in 2019. Palm oil imports for China might also increase with the severe African swine flu and the on-going US-China trade war. Maintain MARKET WEIGHT

UOB
Leow Huey Chuen ...
  • Singapore Research Team

Plantation - Catching up on valuation

Interest in the palm oil sector has improved with the recovery in prices and potentially lower production with the mild El Nino and lack of fertiliser applications in 2018. Finally, Singapore-listed companies are catching up after two years of underperformance vs regional peers. Interest in GGR, FR and BAL will be driven largely by a more positive view on CPO prices. Wilmar has outperformed as it is getting closer to the listing of its China operations. Maintain MARKET WEIGHT.

MarketLine Department

Golden Agri-Resources Ltd - Strategy, SWOT and Corporate Finance Report

Summary Golden Agri-Resources Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Golden Agri-Resources Ltd (GAR) is an integrated global agribusiness and palm oil plantation company. The company cultivates and harvests oil palm trees and processes fresh fruit bunches to produce crude palm oil (CPO) and palm kernel (PK) oil. It refines crude palm oil (CPO) and p...

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