UOB Kay Hian analysts Leow Huey Chuen and Jacquelyn Yow are keeping “buy” on Wilmar International with an unchanged target price of $6.40. “Our target price is based on FY2021 earnings per share (EPS) and reflects a blended 26 times FY2021 price-to-earnings (P/E) for China operations and blend...

AGRICULTURE giant Cargill has entered into an agreement to acquire Singapore-based chocolate manufacturer Aalst Chocolate for an undisclosed amount.

Many new companies are getting listed via an RTO deal instead of an IPO. What are its pros and cons of a backdoor listing? There appears to be a dearth of new listings on the Singapore Exchange (SGX). However, IPO numbers alone do not tell the whole story. A constant stream of new companies are tryi...

CGS-CIMB Research analysts Ivy Ng Lee Fang and Nagulan Ravi have kept their “add” call for Wilmar International and target price of $6.15 unchanged in a research note dated August 23. The rating and target price reiteration comes after the company announced that market regulator Securities and E...

AGRICULTURE giant Cargill has entered into an agreement to acquire Singapore-based chocolate manufacturer Aalst Chocolate for an undisclosed amount.

India’s securities regulator has put a proposed initial public offering from food company Adani Wilmar on hold. The joint venture of India’s Adani Group and Singapore-based Wilmar International had filed a draft prospectus on Aug. 2 for an IPO of 45 billion rupees (US$605 million). The Securitie...

Last year, when the Covid-19 pandemic hit Singapore, many businesses suffered. They were forced to halt their businesses for months, especially during the “circuit breaker”. But a few have emerged as beneficiaries amid the havoc, such as supermarket operators. Deemed as an essential service, sup...

The Odd Couple, a 1970s TV show, may see a revival. It is about two divorced journalists who are forced to live together. Felix Unger, a photographer, was tidy. His neatness bordered on neurosis. He even ironed his socks three times a day. His roommate James Madison, a sportswriter, was a drunken sl...

Analysts from CGS-CIMB Research, Maybank Kim Eng and RHB Group Research have kept their “buy” calls on Wilmar International. CGS-CIMB analysts Ivy Ng and Nagulan Ravi have kept their target price of $6.15 on Wilmar as they see three emerging catalysts for the group. The potential listing of it...

RHB Group Research and UOB Kay Hian have maintained “buy” on Wilmar following the agriculture group’s results for the 1HFY2021 ended June. The Singapore research team at RHB has, however, lowered its target price estimate on Wilmar to $5.45 from $5.75 despite its expectations of a stronger 2HF...