|Bid||4.0500 x 0|
|Ask||4.0600 x 0|
|Day's range||4.0000 - 4.0900|
|52-week range||3.1500 - 4.3800|
|Beta (5Y monthly)||0.86|
|PE ratio (TTM)||24.46|
|Forward dividend & yield||0.10 (2.49%)|
|Ex-dividend date||21 Aug 2019|
|1y target est||N/A|
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.
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.
* 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.
* 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.
* 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.
* 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.
* 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.
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.
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).
* 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.
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.
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.
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, […]