Latest Forum Topics /
Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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simpleguy123
Elite |
31-Oct-2020 06:42
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So would there be a real possibility of a gap down below 4.00 on Monday? I see the charts. 4.03 looks supported. Unless i missed out on something
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PerfectHarmony
Senior |
31-Oct-2020 00:58
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What I' m looking at is the trend. So far Wilmar is doing not bad on operation, however, the growth speed is declining, which concerns me.  The market performance always tells the truth in advance. Q3 results compared to 1H:       Revenue: 1H 2020 VS 1H 2019 increases 12%,   9m 2020 VS 9m 2019 increases 14.6%.       Core net profit: 1H 2020 VS 1H 2019 increases 48.9%,   9m 2020 VS 9m 2019 increases 34.4%.          Cash flows from operating activities: 1H 2020 VS 1H 2019 declines 13.4%,   9m 2020 VS 9m 2019 declines 38.2%. My view on Wilmar remains the same: the window for a real rebounce will be from mid Nov to Mid Dec, given price is supported above $3.76. Once the gap at $4.14 is filled, the rebunce trend will begin. 
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AttasBoss
Elite |
31-Oct-2020 00:09
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Wilmar holds 89.99 in Yihai Kerry Arawana Holdings post IPO, so group consolidation method will apply. Wilmar holdings will consolidate $89.99 for Every $100 Yihai earns.
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nqing87
Supreme |
30-Oct-2020 23:59
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ok, thanks all for the input!
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Bongbong
Master |
30-Oct-2020 23:48
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need to consider EPS and your outlook on 2021 earnings
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Justice888
Supreme |
30-Oct-2020 23:33
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Which co ? I think must also look at market cap le
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OngBak
Veteran |
30-Oct-2020 23:07
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3 quarter profits USD 501m
Hard fact that this golden hen can keep on laying golden 🥚
But share price at $4.04
Another company 3rd quarter profits $6m share price $3.8
Which 1 should I keep on adding??
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CheeryVGoh
Supreme |
30-Oct-2020 22:47
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Q4 result is expected to be good as well.  Hopefully final dividend is higher than 2019 accordingly.
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ghetto
Master |
30-Oct-2020 22:47
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Manipulators at it till the last min...they collect every bit you sold...Its time to buy on news this time! All brave ones sit tight and wait for the move up...Wake the dragon! | ||||
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Bongbong
Master |
30-Oct-2020 22:46
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from what i researched online, should be based on consolidation method which will combine to parent' s balance sheet based on book value. so in line with what PerfectHarmony mentioned, market value of YKA has no impact.
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Bongbong
Master |
30-Oct-2020 22:42
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i think analyst reports were expecting 30% payout, so this is quite off the mark sadly
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PerfectHarmony
Senior |
30-Oct-2020 22:37
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Wilmar holds almost 90% of YKA. If my memory is right, the cost method of accounting for long-term investments in stock should be employed, which means the market value of YKA has no impact on Wilmar NAV.
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CheeryVGoh
Supreme |
30-Oct-2020 22:27
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Actually the special dividend is a bit of let down, they could give S$0.10. The Q3 result is a very good set of results.
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AttasBoss
Elite |
30-Oct-2020 22:25
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Rsi30 over sold | ||||
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simpleguy123
Elite |
30-Oct-2020 22:23
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Congrats Sis Cheery, I think Monday should have some bump.
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CheeryVGoh
Supreme |
30-Oct-2020 21:50
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Wilmar reports record 3Q core net profit of US$501.4 milFelicia Tan    Published on Fri, Oct 30, 2020 / 5:56 PM GMT+8 / Updated 3 hours ago
Wilmar International, Asia' s leading agribusiness group reported net profit of US$536.6 million ($732.5 million) for the 3QFY2020 ended September, up 20% from the net profit of US$447.1 million the year before. Core net profit for the quarter stood at US$501.4 million up 19.6% y-o-y, making this the highest third quarter core results since the group& rsquo s listing. 3QFY2020 revenue climbed 19.3% y-o-y to US$13.32 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 19.8% y-o-y to US$1.09 billion. In a statement via SGX, the group says its strong results were attributable to better-performing core segments from the previous year in terms of both revenue and profit. The strong results also came on the back of strong demand for the group' s food products and higher crushing activities amid the easing African swine fever situation in China.  
The results were further boosted by better performance in the plantation and sugar milling segment due to higher prices achieved during the quarter.Refining margins for Wilmar' s tropical oil and sugar refining operations also remained robust throughout the period. In addition, the group recorded stronger contributions from its associates and joint ventures, particularly from India and Africa. For the 9MFY2020 ended September, Wilmar reported a " strong" core net profit of US$1.14 billion, up 34.4% y-o-y due to three consecutive quarters of stellar performances. Overall volume for food products grew by 15.9% y-o-y to 7.4 million metric tons driven by strong growth in volume for sugar and flour products, as well as contributions from sales of products of Wilmar' s subsidiary, Goodman Fielder. The increase in volume was also attributable to growth in sales for medium pack and bulk food products in 3QFY2020 amid easing lockdown measures. Feed and industrial products saw growth in sales of 16.1% y-o-y to 16.5 million metric tons in 3QFY2020 due to strong sugar merchandising and high soybean crushing activities for the quarter. Wilmar' s tropical oils business also contributed favourably to the segment due to good refining margins despite lower sales for the quarter.   
Figures in the plantation and sugar milling segment improved over last year due to higher commodities prices during the quarter.Equity attributable to owners of the company improved by 2.6% to US$17.20 billion on the back of higher profits during the period. Barring unforeseen circumstances, the group says it expects good results for the rest of 2020, as it foresees volume of food products to pick up in Asian countries who have eased lockdown measures. The group says it also expects palm prices to remain firm into early 2021. On Oct 15, Wilmar' s now 89.99%-owned subsidiary Yihai Kerry Arawana (YKA) commenced IPO trading on the Shenzhen Stock Exchange. The group received net proceeds of some US$2.05 billion from the new YKA shares issued in connection with the IPO. The IPO, says the group, was well-received with tranches from offline investors and online retail investors being oversubscribed by 600.52 and 1,749.61 times respectively. Shares in YKA traded as high as RMB62.65 ($12.74) on its first day of trading and closed 118% above its IPO price of RMB25.70 per share, resulting in a market capitalisation of RMB303.61 billion. YKA has also been added to the MSCI China All Share Index as at Oct 29.   
A special dividend of approximately 15% of the total IPO proceeds will be declared in 2021 to commemorate the successful listing of YKA.Details will be disclosed in February 2021 with the release of Wilmar' s full year results ending Dec 31, 2020. Shares in Wilmar closed 1 cent lower or 0.2% down at $4.04 on Oct 30 prior to this announcement. |
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wonglau7479
Member |
30-Oct-2020 18:50
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I just hope more will have similar negative thinking and let the price dip further...With its current price already so attractive as most analyst price them at $5 or above... Dividend and Special Dividend next quarter... most importantly profitable business even during Covid.I will just continue to accumulate with every dip...   
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Trader5525
Member |
30-Oct-2020 18:37
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Wilmar reports record 3Q core net profit of US$501.4 mil Felicia Tan  Published on Fri, Oct 30, 2020 / 5:56 PM GMT+8 / Updated 35 minutes ago A special dividend of approximately 15% of the total IPO proceeds will be declared in 2021 to commemorate the successful listing of YKA.Details will be disclosed in February 2021 with the release of Wilmar&rsquo s full year results ending Dec 31, 2020. |
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nqing87
Supreme |
30-Oct-2020 18:35
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anyone who is good in accounting can advise if the NAV of wilmar would increase due to the listing of YKA? the market cap of YKA is much higher than wilmar.. im wondering if there will be a reflection inside the balance sheet like say a fair value gain due to the listing of YKA.. Wilmar owned 90% of YKA and it wouldnt makes sense to me if this portion is not going to reflect in balance sheet under say " investment in subsidiary" | ||||
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Alson18
Senior |
30-Oct-2020 18:33
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WAH LAU  eh.... no wonder Spore overtakes thailand to become worst stock mkt in Asia!
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