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Wilmar Intl
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Wilmar
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YibaoI
Senior |
29-Sep-2025 21:55
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Mr Kuok buy shares again today around 2m shares amounting to 5.6m something happening or he doing defensive buying at his own capacity. dyodd |
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spore1
Supreme |
28-Sep-2025 12:45
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Is about Sgd 913m. Likely in the Red. Dividend likely cut
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Battle123
Elite |
28-Sep-2025 11:21
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hi juz check , they mentioned still be profitable for tis yr ! your believe ?? confused by the company statement ... after given the $700 mil plus , and do note may affect the comapny reputation and sales may keep dropping till ...!! |
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pasttime
Supreme |
27-Sep-2025 15:23
Yells: "gold silver are real money. not others iou." |
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this type of meet the robber incidents will always happen in life. short term impact sure have. time will make it irrelevant as wilmar is big enough to absorb the lost. treat it as bitten by a snake. may die but properly managed just learn the lesson. not to over concentrate in one market . production or sale. think at least a few months in the low level then recover towards next dividend. |
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finjungle
Veteran |
27-Sep-2025 11:40
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Is Mr Kuok putting up a brave front or he knows what investors do not!
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Joelton
Supreme |
27-Sep-2025 11:28
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Wilmar maintains profit expectations CEO scoops up S$2.7 million of shares as stock falls
Company expects a loss in Q3, but full-year results to remain profitable
[SINGAPORE] Despite a verdict from the Indonesian Supreme Court requiring Wilmar International to pay five billion rupiah (S$387,047) worth of fines and a compensation of 11.9 trillion rupiah on corruption charges, the Singapore-based palm oil company has maintained its expectations of a full-year profit.
This comes as Kuok Khoon Hong, chairman and chief executive of the company, scooped up S$2.7 million worth of shares through entities linked to him on Friday (Sep 26).
In an announcement on Friday, Wilmar said that it expects to post a net loss for its third quarter ending Sep 30, following penalties imposed by the court. In addition to the 11.9 trillion rupiah confiscated by Indonesia&rsquo s Attorney-General&rsquo s Office, five Wilmar subsidiaries charged &ndash namely Multimas Nabati Asahan, Multi Nabati Sulawesi, Sinar Alam Permai, Wilmar Bioenergi Indonesia and Wilmar Nabati Indonesia &ndash will be required to pay a fine of one billion rupiah each.
However, the company still expects to turn a profit for the full year ending Dec 31, it noted.
A separate filing by the company on Friday revealed that three entities &ndash HPRY Holdings Ltd, Longhlin Asia Ltd and Hong Lee Holdings &ndash had each acquired shares at S$2.838 apiece, amounting to a total of 945,200 shares worth S$2.7 million.
Kuok is deemed an interested party in these entities. The acquisition thus means that the Singaporean now holds more than 896 million shares, or a 14.4 per cent stake in Wilmar.
After the court&rsquo s announcement on Thursday, Wilmar&rsquo s shares dropped as much as 3.8 per cent to S$2.78 in intra-day trading on Friday &ndash the stock&rsquo s lowest price since January 2016.
Indonesia&rsquo s Supreme Court had overturned the company&rsquo s previous acquittal in a graft case involving cooking oil export permits during the 2021-2022 shortage crisis.
Wilmar, along with two Indonesian palm oil companies Permata Hijau and Musim Mas, had been accused of illegally profiting from the evasion of state-imposed export controls on cooking oil and palm oil.
Wilmar found guilty of corruption as Indonesia&rsquo s Supreme Court overturns previous acquittal
The company noted that it regrets, but respects, the court&rsquo s decision. &ldquo The actions taken by the Wilmar respondents, during the period of a shortage of cooking oil in the Indonesian market, were done in compliance with prevailing regulations and in good faith,&rdquo said Wilmar.
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Joelton
Supreme |
27-Sep-2025 11:27
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Wilmar closes 1.4% down on corruption verdict RHB downgrades stock to &lsquo sell&rsquo
The company&rsquo s earnings will be dented by the forfeiture of a security deposit seized by the authorities in relation to the case
[SINGAPORE] Shares of Wilmar International fell on Friday (Sep 26) after the palm oil group was found guilty of corruption, with RHB downgrading its call on the stock to &ldquo sell&rdquo from &ldquo neutral&rdquo .
The bank also trimmed its target price from S$2.75 to S$2.50 &ndash 13.5 per cent lower than Wilmar&rsquo s Thursday closing price of S$2.89.
The mainboard-listed company on Thursday said that the Indonesian Supreme Court had overturned its acquittal in a graft case involving palm oil export permits. Wilmar was alleged to have illegally profited by obtaining these permits during a nationwide shortage of palm oil that led Indonesia to impose export controls on the commodity.
Shortly after market open, the stock dropped as much as 3.8 per cent to S$2.78 with 3.3 million shares transacted as at 9.03 am. It eventually clawed back its losses to finish Friday at S$2.85, but it was still down by 1.4 per cent or S$0.04, with 20.5 million shares having changed hands.
Noting the corruption verdict, RHB said that Wilmar&rsquo s profits would likely be dented by the forfeiture of a security deposit that the authorities had seized from the company in relation to the probe.
&ldquo While the final amount of the penalty has yet to be released, the forfeiture of the US$729 million deposit would reduce FY2025&rsquo s (forecasted) earnings by 65 per cent,&rdquo the bank said.
In May, the Indonesian authorities seized 11.8 trillion rupiah (S$928 million) from Wilmar as part of the corruption investigations. The company said that the assets were a security deposit that would have been returned if the acquittal was upheld, and forfeited if it was overturned.
RHB said it will not revise its earnings forecast for Wilmar until the full details of the penalty are released.
However, it noted that the company&rsquo s reputation will likely be damaged by the Indonesian Supreme Court&rsquo s judgment. &ldquo While Wilmar maintains its innocence, we believe this outcome will result in a negative perception of the group.&rdquo
Wilmar found guilty of corruption as Indonesia&rsquo s Supreme Court overturns previous acquittal
Wilmar was initially acquitted of the corruption charges by a lower court in March.
However, the case was reopened when the judges behind the acquittal were accused of receiving bribes to clear Wilmar&rsquo s name, and arrested.
Other investigations
RHB believes that the overturning of Wilmar&rsquo s acquittal could be reflective of the Indonesian authorities&rsquo stance towards other probes involving the group.
&ldquo We are also wary that this could signal the way the Indonesian government is leaning with respect to other ongoing rice investigations,&rdquo it added, referring to another corruption case that Wilmar is embroiled in.
That case is centred on the mislabelling of rice and the company&rsquo s alleged sale of a substandard-quality version of the commodity.
Executives of Wilmar&rsquo s wholly owned unit, rice producer Padi Indonesia Maju, were suspected of having mixed lower-grade with premium-grade rice grains and passing it off as a high-quality product.
RHB said the case is part of a wider investigation by the Indonesian police on four major rice producers, including Wilmar&rsquo s subsidiary. It noted that the executives involved were charged under the country&rsquo s consumer protection law, which carries a penalty of up to 20 years&rsquo imprisonment and a fine of up to 10 billion rupiah.
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pasttime
Supreme |
27-Sep-2025 06:33
Yells: "gold silver are real money. not others iou." |
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think indo gov over spend on all their programs without the related income to finance it. so now finding fault and getting their money is one way out. business man need to get out and just leave a shell to work in indo to save their cash. so much cash attracts attention to the man who is out of cash deep in debt. think in a way indo rupiah waiting for a round of big depreciations. dyodd |
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wavesurfer
Member |
26-Sep-2025 22:41
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Indonesian business env is terrible. hope wilmar will rise up again. | ||
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geographic
Senior |
26-Sep-2025 22:30
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Wilmar' s Boss did a buyback today: https://media-wilmar.todayir.com/2025092618120130774060_en.pdf | ||
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spursfan
Supreme |
26-Sep-2025 19:51
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https://links.sgx.com/1.0.0/corporate-announcements/41UKZM1U6B8G7XZA/860263_WIL%20Announcement.Update%20on%20Indonesian%20Supreme%20Court%20decision.pdf |
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vivacious
Supreme |
26-Sep-2025 18:15
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this is minimall a 3.50 stock | ||
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YibaoI
Senior |
26-Sep-2025 12:14
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Price is undervalue, jitters is due to uncertainty and once the award amount is known and dust settle things should be looking good. End of the day if the share price goes down too much then the Management will buyback. Hopefully even delist and offer good price for holders to sell. Combine value of their subsidiary at China and India combine is worth more than wilmar share price now, if u add all three value there is nothing to worry about.. Add that to the recurring dividends long term holders have mitigated risk for holding on. Trader might be more susceptible to the price swing though. Vested and dyodd | ||
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vivacious
Supreme |
26-Sep-2025 10:23
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recovering.. | ||
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Observers
Elite |
26-Sep-2025 09:51
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Heng I sold already. Don't want to deal with this uncertainty. | ||
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halleluyah
Supreme |
26-Sep-2025 09:27
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indonesia is a corruption country even their p.......
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wavesurfer
Member |
26-Sep-2025 09:24
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Yah, Indonesian market is risky | ||
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pasttime
Supreme |
26-Sep-2025 06:39
Yells: "gold silver are real money. not others iou." |
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no need to support first. let shorts have their day. then squeeze them at lower level. | ||
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pasttime
Supreme |
26-Sep-2025 06:37
Yells: "gold silver are real money. not others iou." |
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finally got some results. hopefully the amount to be gone is much smaller. face saving for ago. court face down the drain. time to exit indonesia or at least reduce exposure. increased plantation size in other countries. real impact per share is not that big. neutralised by the india company increased. life go on. share price will take a hit maybe can really hit 2.75. can recover later after the real amount is known. |
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shk363
Elite |
25-Sep-2025 21:47
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usd 729m is how much per share? | ||
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