SINGAPORE (Dec 11): Wilmar International last week signed a joint statement with Aidenvironment Asia, a not-for-profit consultancy in the field of sustainable production and trade, to reaffirm its commitment to “break the link between oil palm cultivation and deforestation, peatland development a...

SINGAPORE (Dec 10): RHB Research expects top pick Wilmar to continue to outperform its peers in the plantation sector in FY19F given its diversified portfolio and downstream exposure should enable the group to mitigate the fall in CPO prices. As Wilmar’s processing and merchandising capacity for ...

SINGAPORE (Dec 6): CGS-CIMB Securities is maintaining “neutral” on the Asean agribusiness sector as Indonesia revises its export levies on palm oil and its derivative products, following a drop in crude palm oil (CPO) prices. Under the revised ruling, the country’s government will not collect...

Submitted By:  Luz Wendy Noble Case Study:  No The trade war truce may boost sentiment. The Straits Times Index (STI) ended 8.17 or 0.26% higher at 3,117.61. The to...

EXOTIX Capital has initiated coverage on agribusiness group Wilmar International with a "sell" call, saying the stock is currently trading at an "unwarranted" 36 per cent premium to the sector average "in light of its faltering returns and poor earnings growth"....

SINGAPORE (Nov 28): Wilmar, the largest palm oil processor in the world, has appeared in the “danger zone” of Exotix Capital’s cashflow stress test. This comes agter the research house stress tested the cashflows of 42 consumer companies on their vulnerability to an interest rate hike and dep...

EXOTIX Capital has initiated coverage on agribusiness group Wilmar International with a "sell" call, saying the stock is currently trading at an "unwarranted" 36 per cent premium to the sector average "in light of its faltering returns and poor earnings growth"....

Submitted By:  Danielle Isaac Case Study:  No Buyers have stocked up soymeal as they prepare for a potential shortage. Wilmar International could see most of its pr...

SATS Ltd, the chief ground-handling and in-flight catering service provider at Singapore's Changi Airport, on Monday said that it will build a central kitchen in Hexiwu Town Food Zone as part of an investment agreement between Tianjin Wuqing Hexiwu Town Government and its unit SATS Ch...

SATS Ltd, the chief ground-handling and in-flight catering service provider at Singapore's Changi Airport, on Monday said that it will build a central kitchen in Hexiwu Town Food Zone as part of an investment agreement between Tianjin Wuqing Hexiwu Town Government and its unit SATS Ch...

SINGAPORE (Nov 18): OCBC Investment Research is downgrading Wilmar International to “hold” after warning uncertainty over soybean crushing margins may grow as the trade dispute between the US and China becomes more prolonged. “We update our USD/SGD assumptions and also lower our P/E slightly ...

Submitted By:  Luz Wendy Noble Case Study:  No And Scoot to move its operation to Changi Airport Terminal 1 by 2019. From Reuters: Wilmar International may inject c...

MOSCOW: Singapore-listed commodity trader Wilmar International Ltd may invest in soybean production and processing and transhipment of soybean concentrates in Russia's Far East, a regional ministry said on Thursday (Nov 15). Wilmar's long-term investment programme in the Far East has been ...

Submitted By:  Arianna Danganan Case Study:  No It is poised to be the largest downstream player in palm oil processing. Wilmar International’s margins are ex...

SINGAPORE (Nov 15): RHB Research is maintaining Wilmar International at “buy” with $3.59 target after 3Q18 results came in well ahead of expectations. 3Q18 revenue rose 4% y-o-y to US$11.6 billion ($16 billion) while core net profit rose 35% to US$434.7 million which brings Wilmar’s 9M18 core...

SINGAPORE (Nov 13): Analysts of three research houses are keeping First Resources at “buy” on robust 3Q18 performance, strong output numbers and attractive valuations. First Resources’ 3Q18 earnings rose 22% y-o-y to US$39 million, largely in line with consensus. The robust performance was dr...

SINGAPORE (Nov 13): UOB Kay Hian is keeping its “buy” call on agribusiness group Wilmar International with an unchanged target price of $3.90, but says 2018 earnings forecasts could be upgraded by 8-10% after Wilmar’s 3Q18 results briefing later this week on Nov 15. Wilmar on Monday reported ...

AGRI-giant Wilmar International's net profit for the third quarter jumped 10.7 per cent to US$407.4 million from a restated US$368.1 million a year ago, led by better showing in tropical oils, and oilseeds and grains businesses.

AGRI-GIANT Wilmar International’s net profit for the third quarter jumped 10.7 per cent to US$407.4 million from a restated US$368.1 million a year ago led by better showing in tropical oils and oilseeds and grains businesses.<br/>An added boost to the bottom line came from higher sh...

SINGAPORE (Nov 12): Wilmar International, the agribusiness group, reported an 10.7% increase in 3Q earnings to US$407.4 million ($564 million) from a year ago. The stronger performance was driven by better results in Tropical Oils and Oilseeds & Grains and supported by higher share of results o...

SINGAPORE (Oct 18): UOB KayHian expects another solid quarter for Wilmar International, supported by the oilseeds & grains and palm & lauric oils divisions. Scheduled to release its 3Q18 results on Nov 12, UOB expects the Oilseed & grains division to post a higher profit before tax (PBT)...

Submitted By:  Luz Wendy Noble Case Study:  No Wilmar’s returns hit 6.4%. This chart from the Singapore Exchange (SGX) shows that Bumitama Agri is the best am...

Submitted By:  Luz Wendy Noble Case Study:  No And MOM sues agency that posted maid ads ‘sold’ in Carousell. From Reuters: Authorities are eyeing s...

WILMAR Ventures, a wholly owned subsidiary of agribusiness group Wilmar International, led the first close of an investment round in brain health-focused pharmaceutical firm Accera. The first close comprised both equity investment and non-dilutive grants totalling US$50 million, and was sec...

The round also saw participation from Cerecin's long-term investor, Inventages, the life sciences and healthcare-focused PE fund backed by Nestle Group. The post SG: Accera closes $50m investment led by Wilmar, rebrands as Cerecin appeared first on DealStreetAsia.

SINGAPORE (Sept 24): In 2012, a billboard advertisement in Raffles Place for Bumitama Agri carried an eye-catching slogan: “Mum was wrong. Slow and steady doesn’t win the race.” The oil palm grower was listed on the Singapore Exchange that year, propelling the controlling Lim family of Indones...

SINGAPORE (Sept 4): Six of the biggest agriculture-focused stocks listed on the Singapore Exchange (SGX) are beating global agriculture benchmarks so far this year, according to data from Bloomberg and SGX. Wilmar International, Olam International, Golden Agri-Resources, First Resources, Japfa and B...