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Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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noslen
Veteran |
18-Feb-2019 15:38
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Finally living up to the thread subject title.. | ||||
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smltimer
Senior |
03-Jan-2019 22:00
Yells: "So what does the crystal ball say ......." |
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crystal ball says still down trend ... enjoy the roller coaster ride 
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FATABA
Supreme |
03-Jan-2019 16:15
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Commodity down cycle has last far longer then expected ///// will global commodity demand pick up ? Wilmar do see value below 3.10 ...... DYODD Vested ...Happy investing |
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smltimer
Senior |
11-Dec-2018 09:38
Yells: "So what does the crystal ball say ......." |
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if 3.12 cant hold, may visit 3.09 or lower again | ||||
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smltimer
Senior |
10-Dec-2018 16:33
Yells: "So what does the crystal ball say ......." |
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Wah not bad ah .... sea of red and yet can sustain .... LOL | ||||
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notredame
Member |
10-Dec-2018 16:25
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Wilmar in top 10 institution net buy for the week of 3 Dec 18 . | ||||
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HendriJB
Supreme |
10-Dec-2018 12:53
Yells: "Breathe, Step Back - Think " |
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Wilmar kept at 'buy' by RHB on diversified portfolio and downstream exposure
By: PC Lee 10/12/18, 12:28 pm SINGAPORE (Dec 10): RHB Research expects top pick Wilmar to continue to outperform its peers in the plantation sector in FY19F given its diversified portfolio and downstream exposure should enable the group to mitigate the fall in CPO prices. As Wilmar?s processing and merchandising capacity for palm oil is far larger than its plantation output, RHB believes the lower earnings from plantation will be mitigated by positive palm refining margins. In addition, Wilmar is the largest biodiesel producer in Malaysia and Indonesia and rising biodiesel mandates could help to raise demand and bring higher margins to Wilmar?s tropical oil segment. Maintain buy with new target price of $3.58 from $3.69 with 3.3% FY19F yield. This is due to a reduction in our in-house CPO price assumptions to MYR2,200 (US$553) for FY19 and US$632 for FY20,? says analyst Juliana Cai in a Monday report. Meanwhile, the US-China trade war is expected to have limited near-term impact on Wilmar, as the latter is currently using Brazilian soybeans. Soybean crushing is also expected to normalise as the group depletes its low-cost inventories. This should be partially offset by improving margins on the consumer front, as China moves from unbranded to branded rice. With sugar prices having rebounded from the low, this should benefit Wilmar?s sugar plantation business in Australia and Africa. Shree Renuka could also benefit from better milling margins. However, Cai says the contribution from sugar upstream business is small and the bulk of the profits still comes from merchandising. To recap, CPO prices had reached a low of US$564/tonne before recovering slightly. RHB says this is due to the continued rise in CPO stock levels in Malaysia to 2.72 million tonnes in October, and the decline in crude oil prices from a high of US$84/barrel one month ago to US$54/barrel currently. Given these reasons, RHB?s in-house CPO price forecasts are now reduced to tonne US$553/tonne from US$617/tonne for FY19, and to US$632/tonne from US$617/tonne for FY20. As such, RHB?s earnings for Wilmar are reduced by 4.5% for FY19F and higher by 1.1% for FY20F. ?Maintain BUY with lower SOP derived target price of $3.58. We lower our target price from $3.69 as a result of the lower CPO price and (as a result) oil palm plantation earnings,? says Cai. The IPO of its China operations is still on the plate and remains the key catalyst for its share price. As a 12.25pm, shares in Wilmar are trading at $3.16 or 12.2 times FY19F earnings. |
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smltimer
Senior |
07-Dec-2018 15:10
Yells: "So what does the crystal ball say ......." |
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thinking of shorting .... probably send half troops ...... | ||||
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smltimer
Senior |
07-Dec-2018 14:48
Yells: "So what does the crystal ball say ......." |
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Pump and dump ..... | ||||
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smltimer
Senior |
03-Dec-2018 21:12
Yells: "So what does the crystal ball say ......." |
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Rides the roller coaster | ||||
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noslen
Veteran |
03-Dec-2018 18:07
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And Mr Kuok is supporting by increasing his stake in Wilmar...
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FATABA
Supreme |
03-Dec-2018 15:48
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Sorry its Mr Kuok . Another nail to this shortist .....if China listing come abt soon . How much wld WIlmar b worth ?
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FATABA
Supreme |
03-Dec-2018 15:45
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Recent article on Wilmar bio asset has proven the bad objective of that writer ( mos likely trying hard to short it down....to aro 3.04/5) But look like Mr Kwok is certainly not even any concern......beside his solid fundamental , it rebound strongly once a positive signal is out on China/US talk. If this author has not cover it fast, I think he is going to lost big. Anyway , a counter like Wilmar has strong fundamental n certainly Mr Kwok has seen far to many war. Dyodd Happy investing.
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notredame
Member |
03-Dec-2018 15:05
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Yeah, 3.12! | ||||
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Starship
Supreme |
03-Dec-2018 14:57
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Sink all the evil shortists.......  |
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notredame
Member |
02-Dec-2018 13:51
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Then singtel, keppel corp and many other blue chips co also need to give us big discounts since they also ventured abroad? They' ll probably agree if they also give us big discounts on dividends. I suggest you just park your $$ in SG savings bonds.
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Jamesbond007
Veteran |
02-Dec-2018 11:28
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$3 is not attractive as we need a big discount due to greater risks associated with its worldwide operations, some in 3rd countries. $2.50 maybe. | ||||
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FATABA
Supreme |
01-Dec-2018 21:04
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Most shld kn there is value in wilmar once below 3.10 w China listing it may not see it below 3. Dyodd or cld miss the boat.
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Starship
Supreme |
01-Dec-2018 16:04
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Wilmar' s future looks like a shining star with it' s capable management possessing expansionist long-term vision. A godsend for long-term income investors. Even our savvy, shrewd, prudent and famous AK71 of ASSI blogged that he couldn' t help buying up more Wilmar shares in 3Q18: Friday, September 28, 2018 Another business I increased exposure to in 3Q 2018 was Wilmar. As its share price went under $3.00, I simply had to buy some. At that price, I believe Wilmar was very undervalued and based simply on NAV per share, it was. If the constant buying by insiders as the share price declined was anything to go by, I am in good company. When the soft commodity cycle turns up again and it is just a matter of time when it does, Wilmar will be a major beneficiary. Apart from this, I am also waiting for the listing of Wilmar' s Chinese business in 2019 which would probably help to unlock some of Wilmar' s true value which has gone unappreciated by Mr. Market. Wilmar has become a more valuable company over the years on a per share basis but its share price has languished. Still growing, it will become even more valuable in future and any further weakness in its share price is an opportunity to accumulate. I believe that patient shareholders will be well rewarded with higher dividends in time to come when CAPEX finally tapers off. Then, capital gains would logically follow. Of course, I don' t know when this is going to happen. However, being paid while I wait makes patience more affordable. http://singaporeanstocksinvestor.blogspot.com/2018/09/3q-2018-passive-income-non-reits-wilmar.html |
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ipolaris
Senior |
01-Dec-2018 14:45
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...cont' d &lsquo Other income&rsquo and dividends Wilmar intends to pay more dividends to shareholders going forward, something that may help cushion concerns over the more volatile part of its business. Wilmar could be in a better position to do so next year if the planned IPO of Wilmar China on the Shanghai Stock Exchange is a success. The plan is to list 10% of Wilmar China on the A-share market, which can only be priced up to 23 times earnings, once regulatory approval is obtained. The cap on pricing does not apply to subsequent share offerings in China. Kuok says Wilmar will sell more shares if demand is good and use the proceeds to pay more dividends. The dividend of 19.3 US cents per share for FY2017 was the highest in four years. Wilmar&rsquo s net profit of US$1.22 billion for FY2017 came in 25.4% above US$972 million in FY2016 and was the highest since US$1.32 billion in FY2013. &ldquo We have more than US$1 billion cash for investments [and capital expenditure] every year, even if we were to raise dividends,&rdquo Kuok says. It would seem that returns from investments could also be another feature to watch out for in Wilmar&rsquo s earnings reports going forward. It is worth noting that it enjoyed a gain of US$21.6 million on the back of higher dividend income received from its investment portfolio in 1Q2018, lower than the US$53.3 million seen in 1Q2017, in the absence of investment gains. It also marked to market some losses from its investment in securities owing to weaker market conditions. In a statement last Thursday, Kuok said he is &ldquo cautiously optimistic&rdquo that Wilmar&rsquo s performance for the rest of 2018 will be &ldquo satisfactory&rdquo even as the group reported a 41% y-o-y decline in profit to US$203.3 million for the first quarter ended March 31 on a &ldquo difficult operating environment for tropical oils and seasonal sugar losses during the quarter&rdquo . It remains to be seen if the prospects of Wilmar China&rsquo s IPO and its potential benefits are enough to boost investor sentiment. Analysts have said a botched listing could hit sentiment. Fielding questions on the sidelines of Wilmar&rsquo s recent AGM, Kuok won brownie points from shareholders who appreciated &ldquo the straight answers&rdquo he gave to those interested in Wilmar&rsquo s growth prospects. While Kuok said he had &ldquo has nothing to hide&rdquo , he understandably could not give a &ldquo yes or no&rdquo answer when one Mrs Tan asked if she should invest her CPF money in Wilmar. Just for her though, Kuok offered to pay the difference if she lost any money within two years from buying 1,000 Wilmar shares at S$3.15 each, which was the stock&rsquo s recent low on April 17. From S$3.22 before the AGM on April 25, Wilmar shares reached as high as S$3.28 on May 2 before closing at S$3.21 on May 10. At the time of writing, there were 10 &ldquo buy&rdquo calls, six &ldquo hold&rdquo and one &ldquo sell&rdquo from 17 analysts who have yet to update their calls post 1Q2018 results. Target prices ranged between S$2.89 and S$4.10. Those considering Kuok&rsquo s offer to Mrs Tan to boost their retirement kitty might want to know that Kuok bought 4.86 million shares for S$15.18 million, or an average cost of S$3.12 each, between Feb 23 &mdash the day after Wilmar announced its 2017 results &mdash and March 19 to raise his holdings to 12.27%. Including an 18.5% block held by PPB Group Bhd, the Kuok Group, which is led by Robert Kuok, owns a 33.78% stake in Wilmar. Wilmar contributed 78% of PPB&rsquo s 2017 profits. Chicago-based food processing company and commodities trader Archer Daniels Midland Co (ADM) has 24.89% shareholding while Wilmar co-founder and former COO Martua Sitorus has 1.82%. Time will tell if Wilmar succeeds in catering for the rising demand of an ageing population in more ways than one. |
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