Adani Wilmar, the 50:50 joint venture company (JVC) of Wilmar International and India’s Adani Group, has filed a prospectus with India's Registrar of Companies on Jan 19, in relation to its proposed initial public offering (IPO) on the BSE Limited and the National Stock Exchange of India. Under it...

THE following companies saw new developments that may affect trading of their securities on Friday (Jan 21):

MAINBOARD-LISTED agri-business Wilmar International has moved forward with the planned listing of its Adani Wilmar joint venture, with the red herring prospectus filed in India this week.

MAINBOARD-LISTED agri-business Wilmar International has moved forward with the planned listing of its Adani Wilmar joint venture, with the red herring prospectus filed in India this week.

On Jan 11, the FTSE STI Index took out the thrice-shy 3,240 points attempted last year. At the end of last week — against the odds and market belief (unless you were long on this column’s calls) — the index held above that level, with a gain of 4.7% year to date to 3,282 points on Jan 14. Inde...

UOB Kay Hian analysts Leow Huey Chuen and Jacquelyn Yow have kept “buy” on Wilmar International ahead of the agri-giant’s results for the 2HFY2021 and FY2021 ended Dec 31, 2021. For the 4QFY2021, Leow and Yow say they estimate Wilmar to report a core net profit of US$380 million to US$400 mill...

Citi Research analyst Arthur Pineda says Grab Holdings’ recent listing allows it potential to be included in key market indices. The tech group’s listing places it amongst the top 10 largest Singapore-headquartered stocks based on market capitalisation, at US$23 billion ($31.03 billion) as at th...

With Singapore actively planning and moving towards and endemic Maybank sees multiple catalysts for Singapore’s re-rating. Lead analyst Thilan Wickramasinghe says, “We think Singapore is in a sweet spot in a Covid-endemic 2022 as its ‘old world’, value-oriented sectors benefit from rising ra...

Despite expecting the year’s fundamentals of supply to improve with moderation in crude palm oil (CPO) prices in 2H22, RHB Group Research analyst Hoe Lee Leng says valuations will remain dampened by ESG risks. She maintains “underweight” on the plantation sector, with a "buy" call for Wilmar I...

Q: What can we look forward to in 2022? A: The theme song of the movie Rocky III by rock band Survivor may be a good guide. For my previous column titled “All I want for Christmas” (The Edge Singapore, Issue 1016), I received quite a bit of feedback that while the general maxim of staying inve...