F34.SI - Wilmar International Limited
| Previous close | 3.9500 |
| Open | 3.9500 |
| Bid | 3.9100 x 0 |
| Ask | 3.9200 x 0 |
| Day's range | 3.9100 - 3.9700 |
| 52-week range | 3.4600 - 4.3200 |
| Volume | |
| Avg. volume | 6,005,704 |
| Market cap | 24.472B |
| Beta (5Y monthly) | 0.54 |
| PE ratio (TTM) | 7.54 |
| EPS (TTM) | 0.5200 |
| Earnings date | 02 Aug 2023 - 07 Aug 2023 |
| Forward dividend & yield | 0.17 (4.27%) |
| Ex-dividend date | 27 Apr 2023 |
| 1y target est | 4.98 |
- Reuters SG
UPDATE 1-Indonesia's anti-trust body fines cooking oil firms for restricting supply
Indonesia's anti-monopoly agency (KPPU) ordered seven cooking oil companies on Friday to pay fines of up to $2.8 million for restricting sales amid scarce supplies last year. KPPU launched an investigation into the conduct of cooking oil companies last year after the Indonesian government placed a temporary cap on surging retail prices of the essential product and later a three-week export ban on palm oil. Indonesia is the world's biggest producer of palm oil, commonly used as cooking oil.
- Reuters SG
Wilmar wins Taiwan tender for raw sugar
Singapore-based commodities trader Wilmar International presented the best offer and won a tender from Taiwan to supply up to 38,000 tonnes of raw sugar, a trader familiar with the process said on Wednesday. Wilmar's bid was for a premium over New York raw sugar futures of between $78 and $80 per tonne CFR (cost and freight included), with arrival of the sugar in Taiwan for mid-October.
The Edge SingaporeAnalysts trim their target prices on Wilmar following 1QFY2023 earnings
The combined value of Yihai-Kerry and Adani Wilmar is almost double Wilmar's own market cap
- Reuters SG
UPDATE 1-Chinese trader COFCO delivers 900,000 tns of sugar to ICE exchange
Chinese commodities trader COFCO International has delivered 900,000 tonnes of raw sugar to the International Exchange (ICE) on the expiry of the May contract, a very large amount of the product from a single company, traders said on Friday. The sugar being delivered by COFCO is all of Brazilian origin and will be made available to the companies taking delivery of the product at ports in the country, most likely the Santos port, the traders added. COFCO has a large sugar operation in Brazil, with four mills, and also buys sugar from other producers in the country for its trading operations.
The Edge SingaporeUOB Kay Hian keeps 'buy' on Wilmar ahead of 1QFY2023 results
The brokerage has kept its “buy” call with an unchanged target price of $5.50.
- Reuters SG
ICE March raw sugar delivery seen at 11,519 lots, say traders
Deliveries of raw sugar on the expiry of the March contract on ICE exchange were seen at 11,519 lots, or around 585,000 tonnes, a relatively small amount, according to preliminary information from traders on Tuesday. Trader Viterra was said to be the largest deliverer of the sugar with more than 8,000 lots, or around 400,000 tonnes. Asian commodities trader Wilmar was said to be the largest receiver of the sugar, with more than 5,800 lots.
The Edge SingaporeAnalysts keep ‘buy’ calls on Wilmar after ‘strong’ FY2022 results
The analysts' target prices range from $4.82 to $6.67.
The Edge SingaporeWilmar posts record earnings of US$2.4 bil in FY2022, declares record dividends of 17 cents
FY2022 was an exceptional year for Wilmar, as evident from its record financials. But the group expects FY2023 to be challenging.
- Reuters
India's Adani Wilmar profit rises 16%, shrugs off Hindenburg report impact
Fortune brand-owner Adani Wilmar on Wednesday reported a 16% increase in quarterly profit on higher demand for its cooking oil and packaged foods and said U.S. short-seller Hindenburg Research's report had no bearing on its operations. "A research report dated Jan. 24, 2023, has been issued by a short-seller based in the United States, wherein allegations have been made on certain governance and transactions matters involving some of the Adani group entities and its shareholders," the consumer goods maker said in a statement. "The management of the group is confident that the research report has no bearing on the group's operations and its financial results," it added.
The Edge SingaporeDBS keeps Wilmar at 'buy', shrugs off potential balance sheet and earnings impact from Adani joint venture
"Wilmar will be able to maintain its earnings performance amid commodity price volatility"
The Edge SingaporeStandard Chartered and Wilmar close US$200 mil sustainability-linked trade finance facility
Shares in Wilmar closed 1 cent higher or 0.24% up at $4.15 on Jan 13.
- Reuters SG
London December white sugar delivery seen at 7,190 lots - traders
Deliveries of refined sugar against the expiry of the December contract at ICE London exchange were seen at 7,190 lots, or 359,500 tonnes, according to preliminary information from sugar traders on Tuesday. Commodities traders Louis Dreyfus and Wilmar International were said to be the main deliverers of the sugar with more than 3,000 lots each, while British trader ED&F Man was said to be the largest receiver with more than 4,000 lots.
- Reuters SG
EMERGING MARKETS-China data, Fed cues in focus for cautious Asia
* Peso, rupiah fall most among Asia FX * Malaysian stocks lag peers * China factory output misses forecast By Navya Mittal Nov 15 (Reuters) - Emerging Asian currencies and stock markets were little changed on Tuesday as investors assessed the impact of a likely economic slowdown in China and expected rate hikes, including by the Federal Reserve. Philippines' peso and Indonesia's rupiah lost about 0.3% each, with dealers also looking ahead to policy meetings due Thursday in which central banks of both countries are expected to further hike rates. Emerging currencies rallied last Friday as the dollar lost ground after softer U.S. inflation data boost expectations the Fed may slow its pace of monetary policy tightening.
- Reuters SG
EMERGING MARKETS-Rupiah, peso on the defensive vs dollar; c.bank meetings loom
* Peso and rupiah fall as investors cash in on last week's gains * Eyes on c.bank meetings in Philippines, Indonesia this week * Malaysian stocks lag peers * China factory output, retail sales miss forecast By Navya Mittal Nov 15 (Reuters) - Emerging Asian currencies were on the defensive as the dollar strengthened after more Federal Reserve officials made the case for even higher U.S. interest rates. The peso and the rupiah lost about 0.3% each, while peers Malaysian ringgit and Singapore dollar eked out meagre gains. Investors in the Philippines and Indonesia also looked towards monetary policy meetings in both countries later this week, where central banks are expected to hike interest rates further.
The Edge SingaporeAnalysts mixed on Wilmar's strong 3QFY2022 results; sees another potential year of record-breaking earnings
Most of the brokerages kept their "buy" calls while Maybank Securities kept their call at "hold".
- Reuters SG
UPDATE 1-Wilmar profit rises about 35% on core business performance
Singapore-listed agribusiness Wilmar International Ltd posted a near 35% jump in quarterly net profit on Friday, helped by improved performance across its core segments and easing raw material costs. Wilmar said it was confident that its diversified business and risk management policies will help it achieve satisfactory performance for the rest of the year. Net profit in the quarter ended Sept. 30 rose to $766.2 million from $568.7 million a year earlier, even as the group made certain non-operating losses from investment securities amid weak equity market conditions.
The Edge SingaporeAnalysts keep 'buy' calls for Wilmar ahead of its 3Q results; CGS-CIMB lowers TP to $4.68
UOB Kay Hian sees another 'potentially good quarter' while CGS-CIMB expects 3Q results to beat expectations.
- Reuters SG
ICE exchange says October raw sugar delivery at 14,652 lots
ICE exchange on Monday said that deliveries of raw sugar at the expiration of the October contract totaled 14,652 lots, or around 745,000 tonnes, confirming numbers from traders released on Friday. The rest will be loaded at the Santos port, Brazil's largest. The traders said on Friday that Louis Dreyfus was the leading deliverer with around 435,000 tonnes, while Asian commodities trader Wilmar International was seen as the largest receiver with 567,000 tonnes.
- Reuters SG
London October white sugar delivery seen at around 224,000 tns -traders
Deliveries of refined sugar against the expiry of the October contract at ICE London exchange were seen at around 4,480 lots, or about 224,000 tonnes, according to preliminary information from sugar traders on Thursday. Commodities trader ED&F Man was said to be the sole receiver of that sugar, while Asian trader Wilmar International and sugar trader Alvean were said to be the two largest deliverers with around 1,470 lots each, or about 73,500 tonnes, the traders said.
- Reuters SG
Brazil's Raizen says direct sugar sales rise to 50% after end of joint venture
Brazil's Raizen SA, the world's largest sugar-making company, has increased direct sales for its sugar to 50% following the end of its joint venture with Asian commodities trader Wilmar International . According to Raizen's Chief Strategy Officer Paula Kovarsky, the company has managed to quickly develop its sugar trading team to reach out directly to clients around the world as it seeks to sell up to 90% of the sugar it produces without intermediaries by 2030. Raizen and Wilmar formed RAW, a joint venture, in 2016 to rival the world's largest sugar trader Alvean, which at that time was also a JV between Brazil's Copersucar and Cargill.
The Edge SingaporeWilmar remains RHB's top plantation picks in 'neutral' sector
RHB has kept its "buy" call on Wilmar with a target price of $4.95.
The Edge SingaporeAnalysts mostly remain positive on Wilmar's business model after 'impressive' 1HFY2022 earnings
Maybank Securities has, however, downgraded its call to ‘hold’ as it sees limited catalysts for the counter.
The Edge SingaporeWilmar reports record earnings of US$1.16 bil for 1HFY2022
The group has proposed an interim dividend of 6 cents, payable on Aug 24.
The Edge SingaporeUOB KH maintains ‘buy’ on Wilmar, highlights ESG practices
UOBKH highlighted that catalysts for the company include a stronger recovery in China operations, among others.
- Reuters SG
ICE July raw sugar delivery at around 503,000 tns, says exchange
Deliveries of raw sugar on the expiry of the July contract on ICE U.S. exchange reached 9,904 lots, or around 503,000 tonnes, according to official data released on Friday by the exchange. The ICE data is only 7 contracts larger than the numbers circulated among traders on Thursday, when they saw the delivery reaching 9,897 contracts, or a little more than 502,000 tonnes. Louis Dreyfus Company was said to be the largest receiver of that sugar with 5,128 lots, or around 260,000 tonnes, according to the traders, while commodities trader Viterra was seen as the largest deliverer with 4,528 lots, or 230,000 tonnes.