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Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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leongyan
Master |
14-Mar-2017 11:54
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consolidating
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leongyan
Master |
13-Mar-2017 13:25
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lookng at technical charts 3.45 is a good level.. in the absence of bad news, I think let the correction settle down before entering in again. Good for those who took earlier profits
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pnuklis
Master |
13-Mar-2017 12:38
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I am also waiting for Kuok rally to come. THe sweet Sugar rally seemed not good enough. |
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sun233
Elite |
13-Mar-2017 11:59
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Yup im waiting. Not a buyer yet.
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leongyan
Master |
13-Mar-2017 09:48
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CPO remaning range bound.. anymore downside can start to collect
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sun233
Elite |
13-Mar-2017 07:12
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This weeks headache..........will interest rate hike affect all commodity counters. It already did last week..........will it continue on to this week? |
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earlybird14
Supreme |
12-Mar-2017 22:02
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For Noble thread, who don't know EB? 😁 😁 😁 . Talking down noble from 1 dollars till 11 cents with nonsense(only losers who lose money till siao said so)😂 😂 😂
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earlybird14
Supreme |
12-Mar-2017 22:00
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At first you don't need to reply me at all after saying a normal reply or comment as debate.
Everyone shall feel free to share what in their mind rather than saying other who is right or wrong or trying to treat any comment as debate and below those useless and non constructive post😂 😂 😂
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FATABA
Supreme |
12-Mar-2017 21:25
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This is why u ( sorry YOU ) hv no got so much of noise in Noble forum Constructive input please....talk about wha is real ..." Will Wilmar record such profit in report? " ....then u are talking about what... nothing can be discus if its to your OWN STORY> Pls be a gentlemen and talk what is truely reported Are u ( pls put in writing ) saying ? " Wilmar 2016 financial are not true ?? ( Do u hv evident of buy below 13/ Sell at 20+///// or your personal numbers. Sorry ...EB....with immediate effect I stop to reply to you . Pls be very careful when u read his input....( never justify his input ...his own belief and story ) Good luck
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earlybird14
Supreme |
12-Mar-2017 18:51
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6million ton worth 2.3billion dollar sugar at below 13 dollars, sold at 20plus. How much they earn? 1bil.
Will Wilmar record such profit in report? I don't think so since they buy back 512mio at around 18-19. This is just part of their trading, they will just hide and keep it on their balance sheet to sustain future potential loss on other trading. But from here we can know, Wilmar has a group of good Traders. This is not the first time Wilmar Traders prove their timely buying right price at right strategy. Many years ago, their Traders also assist the company went through a tough soy oil market which the soybean crush margin were very below the profit level margin which mean every Tons they crush they would lose money. However again, Wilmar traders timely buying soybean at right price make them not making huge loss when competitors in China did. So just believe Wilmar management and their team, they are experienced Traders and know clearly how soft commodity market work.
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junction
Master |
12-Mar-2017 18:16
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Not very good margin, agreed. Outlook for commodities better in 2017?
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FATABA
Supreme |
12-Mar-2017 17:14
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" " In 2016, Wilmar&rsquo s sugar division posted a 33% year-over-year increase in revenue to $5.9 billion, &ldquo an outstanding set of results,&rdquo according to the company, partly because of higher sugar prices. It earned $125 million from the sugar business last year, for a profit margin of 2.1%. Wilmar entered the sugar market through a $1.5 billion takeover of Australia&rsquo s largest sugar producer. It then hired Mr. Bohbot, who has a long career in sugar trading, from a rival and tasked him with expanding the sugar business internationally." " " " " " " Spending 1.5B for a 2.1% margin ( and taking very large risk for huge sugar trade......just hope all his orders are calculated and well....100% OK ? Anyway, dyodd. NOTE the nature of sugar future delivery ....... " " Physical settlements of futures trades, however, are rare. Exchange operator Intercontinental Exchange Inc. estimates that fewer than 0.5% of trades result in the actual delivery of commodities. The vast majority of futures contracts are unwound by traders before they expire because most firms want to avoid the hassle of transporting commodities to or from inconvenient locations. With sugar futures, buyers don&rsquo t know where in the world they will have to pick up the sweetener until after the contracts expire. That hasn&rsquo t deterred Wilmar. Mr. Bohbot said the company has found it economical to purchase sugar in bulk using futures contracts, because the exchange&rsquo s rules require sellers to deliver the sugar on board buyers&rsquo ships, which facilitates international trading. In other commodity markets, such as grains or metals, the handover usually happens inside warehouses in locations that often might not be easily accessible." " " " |
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famouspinky
Supreme |
11-Mar-2017 21:25
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Well written.
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hapygolucke
Master |
11-Mar-2017 21:14
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Key word is manipulation..... with big financial strength 1 can ctr anything....retailers r always losers...so always follow the flow n don't b greedy...
Charts are created by bbs...bbs uses 20% to do the opposite...winnings most of the time
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hapygolucke
Master |
11-Mar-2017 20:38
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similar cases of shares trading n shares investment...shortists vs longists... |
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hapygolucke
Master |
11-Mar-2017 20:31
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gamble or skills...for Wilmar and Noble and other large commodities traders to scoop at lowest n store them to sell at much higher prices...
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hapygolucke
Master |
11-Mar-2017 20:20
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STORING OIL FOR PROFIT Noble has benefited from its access to massive oil tanks. Traders able to stockpile supplies can turn a quick profit due to a prevailing oil market condition known as contango, when oil for delivery in the future is priced higher than spot barrels. Noble leases or owns 13 million barrels of tank capacity in the Americas region, Frase said. It has additional space in Asia and Europe. A major global refined fuel marketer, Noble has become one of the top U.S. Gulf Coast gasoline blenders, Frase said. From the premiere U.S. refining region, it moves fuels along pipelines including Colonial - which runs from Texas to New Jersey - to distributors along the Eastern Seaboard, where gasoline commands higher prices. It has also shipped growing volumes of fuel into Latin American markets, where Frase says Noble has been gaining market share. Some of the region' s largest crude exporters - Venezuela, Ecuador and Mexico among them - have grown increasingly reliant on refined fuel imports to meet local demand. The scenario can be a cash cow for merchant traders. Last year, Noble struck a billion dollar loan deal with PetroEcuador and said it would supply as much as 50 percent of Ecuador' s gasoline and diesel imports for five years. Volumes grew as Ecuador' s largest refinery Esmeraldas underwent a major revamp. Noble also sells fuel to Venezuela' s cash-strapped state oil company PDVSA, whose refineries have been in decline. Recently, many trading companies have required advance payment from PDVSA before delivering fuel cargoes to Venezuela, prompting tankers to idle offshore.
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earlybird14
Supreme |
11-Mar-2017 18:19
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debate it exchange view subjected to individual opinion.
Wilmar bought sugar at 10-12 dollars in 2015 commodity low, peak few weeks ago at 20+. Now is at about 18. Wilmar as a Australia biggest sugar producer and one of the world leader in sugar producer market, they can't tolerate sugar price at low level. At the same time, they have strong distribution network in China and India. But the sugar price is always decided by sugar trading market in U.S. And UK. To punish those Traders who don't know how hard earn money coming from farmers by pressing price just due to their speculation of oversupply, the best way is to buy from them at low, stock it or distribute it through your own channel, when contract is expired month to month, the Traders have to find sugar for what they have sold in past few months, otherwise why those traders bought 22 plus from Wilmar? Does it really make a lot of different in our sugar price on super market shelf price at 12 or 20plus? In fact no a lot of difference since the major cost is not the sugar material is the packaging, processing, distribution and middle business man and rental fee which price 80% of sugar price, less than 20% cost is for the farmers. Why bully the farmers leh? In fact their money all are hard earned through day to day work, compare to those traders who decide price by pressing it. So Wilmar who are producers, distributors now also no happy about sugar price volatile which affect their upstream to downstream business, so just buy at low sell at high to Traders and maintain sugar at average middle range to benefit their downstream and upstream business .(price sugar 11 is 11-34 in past 10 years)
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FATABA
Supreme |
11-Mar-2017 17:57
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Are u sure ? Or recall they make one bad qtr of lost then ....which really didnt spell out the reason. anyway....to each his own opinion. I dont plan to debate further.
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earlybird14
Supreme |
11-Mar-2017 17:36
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"The tactic consists of buying sugar when prices are at multiyear lows, as in 2015, mopping up that year&rsquo s global oversupply.
In the rally that followed, sugar prices more than doubled and Wilmar sold its sugar it owned to other traders when the prices peaked. " This tell why Wilmar do so again Now sugar price fall back to low, they buy again what they sell at high and package it and sell to public with their supply chain. This is the advantage they have to have another way of digesting the sugar as compared to other Traders who just gambling on price.
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