F34.SI - Wilmar International Limited
| Previous close | 4.1900 |
| Open | 4.2300 |
| Bid | 4.2400 x 0 |
| Ask | 4.2500 x 0 |
| Day's range | 4.2000 - 4.2600 |
| 52-week range | 2.8300 - 4.3800 |
| Volume | 4,514,000 |
| Avg. volume | 7,208,786 |
| Market cap | 27.013B |
| Beta (5Y monthly) | 0.95 |
| PE ratio (TTM) | 20.83 |
| EPS (TTM) | 0.2040 |
| Earnings date | 11 Aug 2020 |
| Forward dividend & yield | 0.12 (2.98%) |
| Ex-dividend date | 15 Jun 2020 |
| 1y target est | 2.59 |
- Reuters
Exclusive: Raízen, Wilmar set to end sugar trading venture RAW - sources
Brazil's Raízen, the world's largest sugar-making company, and Asian commodities trader Wilmar International are set to end their partnership in the global sugar trading joint venture RAW, four sources familiar with the process said. The joint venture, formed in 2016, was the second-largest trader of Brazilian sugar, with volumes around 4 million tonnes annually, and its dissolution will make the market more fragmented. Officials at Raízen wanted Wilmar to move RAW into shared investment opportunities, including expansion plans in Brazil, but Wilmar disagreed, so Raízen decided to dissolve the unit, according to one of the sources familiar with the matter.
- Reuters SG
EMERGING MARKETS-Asian stocks on course for weekly losses as virus fears weigh
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * Indonesian rupiah declines most * Philippine stocks reverse course to end higher By Shriya Ramakrishnan June 26 (Reuters) - Asian stock markets steadied on Friday but were still on course to end the week lower as a growing number of coronavirus cases across the region and in other major economies dented hopes for a swift economic rebound. The Indonesian rupiah was the worst hit after the country reported another surge in domestic infections, while most other Asian currencies moved in a tight range as investors sought the relative security of the dollar. Several U.S. states have reported a record rise in infections this week, while China, Indonesia, India and the Philippines have also seen cases growing at an alarming rate, keeping investors on edge.
- Reuters SG
China's Hopu teams up to take Singapore's Perennial Real Estate private
Chinese buyout firm Hopu is partnering with key shareholders of Perennial Real Estate Holdings, including Wilmar International and its CEO, to take Perennial private in a deal that values it at S$1.58 billion ($1.13 billion). The consortium, which includes firms owned by entrepreneur Ron Sim and Perennial's CEO, said late on Friday that the offer comes at a time when the COVID-19 pandemic has roiled the global economy. Perennial is a Singapore-listed real estate and healthcare firm.
- Reuters
SE Asia Stocks-Most drop on concerns over economic recovery
* Singapore shares drop to the lowest level since April-end * Sime Darby Plantations top loser in Malaysian index By Pranav A K May 14 (Reuters) - Most Southeast Asian stock markets fell on Thursday as fears of a delay in economic recovery due to rising coronavirus cases in countries easing lockdowns were exacerbated by dour outlook from the U.S. Federal Reserve chairman. All three major U.S. stock indexes ended lower overnight after Fed Chair Jerome Powell warned of an "extended period" of weak economic growth, pointing to uncertainty over how well future outbreaks of the virus can be controlled. "Warnings of prolonged economic weakness by Fed chair Jerome Powell further dampened sentiment this week, weighing on Wall Street and likewise to drag Asia markets lower into the end of week," said Jingyi Pan, market strategist at IG.
- Reuters SG
ICE May raw sugar delivery seen at 44,449 lots, largest on record - traders
The deliveries against the expiration of the ICE May raw sugar contract reached 44,449 lots, the equivalent to around 2.26 million tonnes, the largest on record for any contract month, two traders told Reuters on Thursday. Chinese commodities trader COFCO was seen as the largest deliver with a total of 28,456 lots, or around 1.44 million tonnes, with the whole volume likely coming from Brazil. Louis Dreyfus was said to be the top receiver of the sugar with 31,000 lots, or some 1.57 million tonnes.
- Reuters SG
ADM CEO says no 'significant' coronavirus business impact for now
The coronavirus that is quickly spreading across China and beyond is not expected to have a significant business impact on global grain trader Archer Daniels Midland at this point, Chief Executive Officer Juan Luciano said on Thursday. The company, which operates in China, however, could be impacted if the coronavirus outbreak impacts the global gross domestic product, Luciano said during a post-earnings conference call with analysts.
- Reuters
RPT-India's January palm oil imports from Malaysia could hit 9-yr low - trade
India's monthly palm oil imports from Malaysia could fall to the lowest level in nearly nine years in January as traders stopped buying the tropical oil from Kuala Lumpur following informal instructions from New Delhi, traders and refiners told Reuters. Lower imports by India, the world's biggest palm oil importer, could weigh on Malaysian prices that have corrected nearly a tenth after hitting a three-year peak earlier this month. In the second week of January New Delhi privately urged palm oil importers to boycott Malaysian products after the country's Prime Minister criticised India's actions in Kashmir and its new citizenship law.
- Reuters
India's January palm oil imports from Malaysia could hit 9-yr low - trade
India's monthly palm oil imports from Malaysia could fall to the lowest level in nearly nine years in January as traders stopped buying the tropical oil from Kuala Lumpur following informal instructions from New Delhi, traders and refiners told Reuters. Lower imports by India, the world's biggest palm oil importer, could weigh on Malaysian prices that have corrected nearly a tenth after hitting a three-year peak earlier this month. In the second week of January New Delhi privately urged palm oil importers to boycott Malaysian products after the country's Prime Minister criticised India's actions in Kashmir and its new citizenship law.
- Reuters SG
SE Asia Stocks-Drop as U.S. to keep tariffs on China; Philippines falls most
* U.S.-China Phase 1 trade deal to be signed later on Wednesday * Indonesia trade deficit in Dec likely narrowed - Reuters poll * Malaysia extends losses into fourth session By Sameer Manekar Jan 15 (Reuters) - Southeast Asian stock markets dropped on Wednesday as broader confidence was dented ahead of the signing of an initial Sino-U.S. trade deal following comments from Washington that tariffs on Chinese goods would remain in place for now. U.S. Treasury Secretary Steven Mnuchin said on Tuesday that the United States would maintain tariffs on Chinese goods until the completion of a second phase of a U.S.-China trade agreement.
- Reuters SG
SE Asia Stocks-Most rise on U.S-China trade deal hopes, Vietnam leads gains
* Vietnam's FY GDP betters govt target * Singapore shares close at 5-week high * Philippine ends lower on last-minute selling By Anushka Trivedi Dec 27 (Reuters) - Most Southeast Asian stock markets ended higher on Friday, with Vietnam hitting a two-week closing high, buoyed by optimism that the United States and China were inching closer to signing a Phase 1 trade deal. China on Wednesday said that it was in close contact with Washington about an initial trade agreement, shortly after U.S. President Donald Trump said a signing ceremony would be held for the recently struck deal. Leading gains in the region, Vietnam's main index tacked on 0.5%, recouping most of the losses it suffered earlier in the session, after data showed that its economy expanded at a better pace than targeted by the government in 2019.
- Reuters
SE Asia Stocks-Most markets tepid ahead of looming tariff deadline
* Washington and Beijing may delay Dec. 15 tariffs - WSJ * Thai index set to fall for 10th straight session * Singapore up on blue chips By Arundhati Dutta Dec 11 (Reuters) - Most Southeast Asian stock markets were subdued on Wednesday, ahead of a looming tariff deadline, despite a report that cited trade negotiators are laying the groundwork to delay fresh U.S. tariffs on Chinese imports. Officials in Beijing and Washington have signalled that Dec. 15 is not the final date for reaching a so-called "phase-one" deal, according to a Wall Street Journal report, even though that is the date U.S. President Donald Trump has set for tariffs to increase on $165 billion of Chinese goods.
- Reuters SG
SE Asia Stocks-Most rise on Sino-U.S. trade deal optimism; Philippines falls
* Singapore snaps six sessions of declines * Rise in Nov. inflation hurts Philippines * Resource, banking stocks help Indonesia By Soumyajit Saha Dec 5 (Reuters) - Most Southeast Asian stock markets ended higher on Thursday, with Indonesia leading the gains, buoyed by hopes of a preliminary Sino-U.S. trade deal before further tariffs kick in on Dec. 15. U.S. President Donald Trump on Wednesday raised expectations of a breakthrough after he said negotiations with China were "going very well," relieving some pressure in a week that has seen the U.S. announce tariffs on multiple other countries. Separately, media reports suggested the world's top two economies were closer to agreeing on the amount of tariffs to be rolled back in a phase-one trade deal.
- Reuters SG
SE Asia Stocks-Most gain on Sino-U.S. trade deal hopes; Philippines slips
* Singapore snaps six sessions of declines * Indonesia hits highest in over 2 weeks * Industrial, real estate hurt Philippines By Soumyajit Saha Dec 5 (Reuters) - Most Southeast Asian stock markets traded higher on Thursday, lifted by signals that Washington and Beijing were on course to reach a preliminary trade deal. Trade negotiations with China were going "very well", U.S. President Donald Trump said on Wednesday, a day after suggesting that a deal may not come until after the 2020 U.S. presidential election. The comments had triggered declines in global markets on Wednesday.
- Reuters SG
SE Asia Stocks-Most markets fall as Trump hardens trade war rhetoric
* Trump says he could delay signing deal with China until end-2020 * Malaysia stocks fall to their lowest in 8 weeks * Vietnam bucks trend to gain slightly By Soumyajit Saha Dec 4 (Reuters) - Most Southeast Asian stock markets tracked a global downturn on Wednesday as the Trump administration dashed hopes of a quick preliminary deal to halt impending U.S. tariffs on China. U.S. President Donald Trump on Tuesday said he had "no deadline" for a trade deal with China, and could wait until after the U.S. presidential election in November 2020 to sign an agreement. "There is justifiable cause to correlate Trump's bluster to Beijing's insistence that tariff rollback is a pre-condition to any deal," Mizuho Bank said in a note to clients.
- Reuters SG
Singapore's Wilmar eyes regulators' approval for China IPO in early 2020
Singapore agribusiness Wilmar International hopes to receive regulatory approval early next year for the initial public offering of its China business, Yihai Kerry Arawana Holdings (YKA), it said on Thursday. Wilmar, which is valued at more than $19 billion, had announced its intention to list the business in 2017, after having shelved plans for a roughly $3-billion listing of its Chinese unit in Hong Kong in 2009. "Regarding YKA IPO, we are waiting for approval from the Chinese regulators and we hope to receive it by early 2020," Wilmar said in an emailed response to a Reuters query on the IPO status.
- The Edge Singapore
Wilmar reports 10% rise in 3Q earnings to US$447 mil on better performance across all core segments
SINGAPORE (Nov 12): Wilmar International, Asia’s leading agribusiness group, reported a 10% y-o-y increase in 3Q19 earnings ended Sept to US$447.1 million ($608 million).
- Reuters SG
SE Asia Stocks-Most markets rise on trade deal hopes
* China says agreed with U.S. to cancel tariffs in phases * Philippines Q3 GDP growth better than forecast * Thailand leads gains with a 1% rise By Sameer Manekar Nov 7 (Reuters) - Most Southeast Asian stock markets climbed on Thursday, with Thailand leading the pack with a 1% gain, after China said it agreed with the United States to cancel in phases the tariffs imposed on each others' goods. China's commerce ministry said Washington and Beijing must simultaneously cancel some duties on each others' goods for the two sides to reach a "phase one" trade deal. "The trade war started with tariffs, and should end with the cancellation of tariffs," Gao Feng, a commerce ministry spokesman, told reporters without specifying a timetable.
- Reuters
SE Asia Stocks-Most trade in narrow range ahead of Fed decision; Singapore gains
Adding to the cautious mood was a Reuters report that an interim trade deal between the United States and China might not be completed in time for signing in Chile next month as expected. Philippine shares fell as consumer and industrial stocks weighed on the benchmark.
- Reuters SG
Wilmar seen sole buyer of small ICE October raw sugar delivery - traders
Wilmar International scooped up about 175,000 tonnes, or 3,439 lots, of raw sugar to be delivered against the ICE Futures U.S. contract that expired on Monday, three traders said. A spokesperson for Wilmar did not respond immediately to request for comment.
- Shares Investment
SI Research: Wilmar International – Accumulate On Dips
Wilmar International’s (Wilmar) latest 2Q19 quarterly results were kind of disappointing. Affected by lower crush margins attributable to the impact of African swine fever on soybean meal demand and recognized losses due to the consolidation of Shree Renuka Sugars, the group’s net profit for the quarter sank 52.3 percent to US$150.9 million. The less-than-satisfactory results, […]
- Reuters SG
SE Asia Stocks-Most end firmer on Trump's trade concession; Indonesia leads
* U.S. President delays some tariffs on Chinese imports * Financial and consumer stocks lift Philippine index * Singapore hurt by losses in consumer sector By Soumyajit Saha Aug 14 (Reuters) - Most Southeast Asian stock markets ended higher on Wednesday, in line with global peers, after Washington delayed some tariffs on Chinese imports in much-needed relief for financial markets gripped in economic turmoil. The decision by U.S. President Donald Trump to selectively delay the tariffs that were set to go into effect on Sept. 1, doused friction between the two countries that has roiled global markets. A partial tariff delay is not going to solve the core issues between the U.S. and China," Margaret Yang, a market analyst at CMC Markets said in a note to clients.
- The Edge Singapore
Wilmar reports 52.3% fall in 2Q19 earnings to US$151 mil on lower crush margin
SINGAPORE (Aug 13): Wilmar International reported a 52.3% decrease in net profit from continuing operations to nearly US$150.9 million ($209.5 million) for 2Q19 ended June from US$316.4 million in 2Q18 a year ago. Earnings per share on a fully diluted fell 52% to 2.4 US cents in 2Q19 from 5.0 US cents in 2Q18. There was a loss from discontinued operations of US$33.8 million recorded in 2Q19 and US$55.5 million in 1H19 was mainly due to operating losses and finance costs incurred by the Brazilian operations under Shree Renuka Sugars.
- Reuters SG
China's soybean crushers in no rush to buy from U.S. despite Beijing tariff offer -sources
Despite the carrot of a potential exemption from import tariffs, Chinese soybean crushers are unlikely to buy in bulk from the United States any time soon as they grapple with poor margins and longer-term doubts about Sino-U.S. trade relations, people familiar with the matter said. China imposed a 25% tariff on U.S. soy imports last year as Washington-Beijing trade disagreements boiled over into tit-for-tat levies on each other's goods.
- The Edge Singapore
Wilmar says listing of China ops accepted by regulator but waiting for approval
SINGAPORE (July 12): Wilmar International says the application for the listing of its operations in China on the Shenzhen Stock Exchange has been accepted. Yihai Kerry Arawana Holdings Co (YKA), a 99.99%-owned subsidiary of Wilmar, is one of the largest agribusiness and food processing companies in China. Should the application for the listing be approved by the China Securities Regulatory Commission (CSRC), Wilmar says an initial public offering of new YKA shares can be expected.
