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Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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ipolaris
Senior |
01-Dec-2018 14:43
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The healthcare link Kuok has always maintained that Pua was brought in for &ldquo his management skills and ability to work with partners&rdquo and &ldquo not for his property expertise&rdquo . However, his real estate background is an advantage. Perennial &mdash where Pua says he spends half of his time &mdash owns, develops and manages real estate in Penang as well as in China, Singapore and Ghana. It also invests in healthcare and eldercare in China, where more than 220 million people, or 16% of the population, are over the age of 60. The company&rsquo s healthcare portfolio includes a 49.9% stake in Shanghai&rsquo s largest private eldercare service provider Shanghai RST Chinese Medical (Renshoutang) and a 1,077-bed public-private partnership nursing hospital and retirement home project with the Wuhan municipal government. Others include the Perennial International Health and Medical Hub and Chengdu Xiehe International Eldercare and Retirement Home, both located within its signature Chengdu East high-speed rail (HSR) integrated development. In January, Perennial (with a 45% stake), backed by Kuok (4% ) and a Wilmar subsidary (2%), partnered Hong Kong-listed Shun Tak Holdings Ltd (30%) to set up a US$1.2 billion healthcare fund to invest in HSR-integrated healthcare mixed-use developments in tier one, strong tier two cities and provincial capitals in China. The fund &ldquo provides Perennial with an asset-light platform to potentially grow its HSR portfolio from two to eight projects with a total gross floor area of over four million sq m, positioning Perennial as a leading player with the largest HSR portfolio&rdquo , Perennial&rsquo s 2017 annual report read. Others that contributed to the fund&rsquo s initial investment of US$500 million are Bangkok Bank pcl (10%), a unit of BreadTalk Group Ltd (5%) and S1F Pte Ltd (4%). At that time, Pua had said the venture marked Perennial&rsquo s first foray into the hospitality business via a hotel management partnership with Shun Tak, a property and transport company founded by Macau gaming billionaire Stanley Ho, and now headed by his daughter Pansy. Pua is regarded as a pioneer of real estate investment trusts in Singapore. He left CapitaLand Ltd in 2008 and went on to set up Perennial, which snapped up several landmark properties in Singapore. When he was looking at listing Perennial China Retail Trust (PCRT) in 2012, a private banker took him to see Kuok. Perhaps it was then that Kuok &mdash described as someone with &ldquo a special entrepreneurial talent to see an opportunity and turn it into a thriving business&rdquo by his uncle, Sugar King Robert Kuok &mdash saw the opportunity to further expand Wilmar&rsquo s core agribusiness. Wilmar has 20.2% stake in Perennial, which has a S$1.43 billion market capitalisation. Kuok holds a 35.67% stake while Pua has 10.3% of Perennial. In Wilmar&rsquo s latest 2017 annual report, Kuok said Wilmar &ldquo believes in the importance of connectivity between markets&rdquo and had over a span of 26 years, steadily built a presence &mdash be it marketing, manufacturing or distribution &mdash in over 50 countries, allowing its products to reach customers efficiently in over 150 countries. &ldquo The bulk of our global footprint sits along the routes of the Belt Road Initiative (BRI) [connecting Asia, Europe and Africa],&rdquo Kuok said in the report. &ldquo The intrinsic value of such an extensive footprint is the access to market information that is critical for trading and identifying significant business opportunities. This is Wilmar&rsquo s unique competitive advantage and it is not something that can be replicated easily.&rdquo &lsquo I pray every day&rsquo At its recent annual general meeting, a shareholder questioned Wilmar&rsquo s trading activities, asking Kuok if too much of the group&rsquo s earnings rested on the company&rsquo s ability to read the oilseeds and grains market correctly. &ldquo That&rsquo s why I pray every day,&rdquo Kuok replied, eliciting laughter from the floor. Still, trading profits are not from sheer luck. He added that trading profits from oilseeds helped fuel Wilmar&rsquo s growth and remains an area where it has a significant advantage due to its extensive agribusiness network. At the same time, he said Wilmar had diversified its portfolio from oil palm to sugar, flour and rice as well as grown other businesses such as consumer pack staples and basic food products that can provide a more stable income stream and where it enjoys economies of scale. Apart from being the largest raw sugar producer and refiner in Australia, the leading sugar refiner in Indonesia and the top consumer pack sugar manufacturer in Australia and New Zealand, Wilmar is also the world&rsquo s largest sugar trader,Kuok said. Scale has its advantages but agribusiness is such that not every outcome is predicable even with the best information. Weather, for instance, is a wildcard and government intervention is another. In early 2012, for instance, Wilmar&rsquo s profits fell by one third year on year due to weak crush margins and &ldquo poor timing of [soy]bean purchases&rdquo that resulted in a US$52.5 million pre-tax loss at its oilseeds segment. In 2Q2016, Wilmar gave a profit warning before posting its first-ever quarterly losses as the &ldquo untimely&rdquo purchase of soybeans hurt its oilseeds and grains business while its sugar business was hit by bad weather and hedging losses. Soybean prices could stay volatile in the coming quarters due to the prospects of China imposing tariffs on US soybeans but Kuok sees better performance from its other businesses, such as flour and rice, mitigating any short-term impact on its oilseeds crushing business. He does not expect a prolonged standoff between China and the US. Analysts have said pressure from US soybean farmers could aid China&rsquo s hand. In the long run, Kuok is confident of Wilmar getting it right more times than not. (to be continued and the best part...) |
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ipolaris
Senior |
01-Dec-2018 14:41
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http://www.theedgemarkets.com/article/wilmar-looking-prepared-food-business-china (dated today,1 Dec 18) (This article first appeared in The Edge Malaysia Weekly, on May 14, 2018 - May 20, 2018). TWO and a half years after Pua Seck Guan was appointed chief operating officer of Wilmar International Ltd, shareholders are still wondering why the real estate veteran was chosen instead of an agribusiness expert. Pua is also the CEO of Perennial Real Estate Holdings Ltd and some are wondering if Wilmar will eventually absorb Perennial, especially after it raised its shareholding in the latter to 20% last November. However, expanding into real estate has never been the goal of Wilmar, a company built on oil palm trading. While Kuok Khoon Hong, Wilmar&rsquo s co-founder, chairman and CEO, has been putting more of its resources as well as his own money into real estate and is likely to continue doing so, it is not so much the potential appreciation of real estate assets as it is about the business links and partnerships that will aid the downstream expansion of the company&rsquo s sprawling agribusiness. &ldquo We are looking at expanding into prepared food &mdash simple, nutritious food that people can just heat up and enjoy,&rdquo Kuok tells The Edge. More details on the prepared food business will be announced when they are firmed up, says Kuok. Rising affluence, with a growing middle class in China and the rest of Asia, means more people can afford better options. &ldquo Starbucks coffee was expensive 10 years ago but today, many people in China and the rest of Asia are drinking them and many more will be able to afford them and other [simple luxuries] like chocolate and a good meal as the economy develops,&rdquo says Kuok, who has been non-executive chairman of Perennial since October 2014. As a society matures and ages, people also make healthier choices. &ldquo Buckwheat noodles are suitable for people with diabetes and taste good,&rdquo says Kuok, revealing that Wilmar has the largest buckwheat noodle-making factory in China. A quarter of Japan&rsquo s population of 127 million are above 65 and consume significant amounts of buckwheat (soba) noodles. Wilmar also began selling heart-friendly rice-bran oil in Japan recently. Rice-bran oil commands a premium over soybean and rapeseed oil that are popular in China. Japan, which has a population one-tenth the size of China&rsquo s 1.4 billion people, reportedly consumes 80,000 tonnes of quality rice-bran oil every year, China&rsquo s population is also ageing and would demand better health food and related services. Establishing a prepared food business would also position Wilmar as a strong potential supplier to various institutions, from hotels and restaurant chains to hospitals and eldercare homes. While real estate is not Wilmar&rsquo s core business, Kuok says it will put more money into it if the right opportunity comes along, now that it has the financial muscle as well as the expertise. He adds that Wilmar is also more likely to put money into expanding its downstream business rather than buying more oil palm estates as the upside potential is greater. (to be continued) |
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smltimer
Senior |
01-Dec-2018 13:37
Yells: "So what does the crystal ball say ......." |
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Just use CFD to ride the downs. Paper gain is still paper gain. Use gains from the down to increase your long. Cheers
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ipolaris
Senior |
01-Dec-2018 11:41
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Investors with holding power always gain the upper hand . 
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halleluyah
Supreme |
01-Dec-2018 11:22
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The heavy dumping might be due to funds r expecting poorer results in the coming q as compare to qoq....dyodd...not vested, afraid of breaking down 3.00.... | ||||
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smltimer
Senior |
01-Dec-2018 10:37
Yells: "So what does the crystal ball say ......." |
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Then let's enjoy the roller coaster ride down then up
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Qanghoo
Supreme |
01-Dec-2018 07:26
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Yep. Grab, grab, grab. Don' t forget to keep a lookout for CDG too n grab < 2.00. Good Luck to all.
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ipolaris
Senior |
01-Dec-2018 07:02
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If really happened, must grab and long! 
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ipolaris
Senior |
01-Dec-2018 06:53
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YEAR/REVENUE/PROFIT 2005/4.65B/0.058B 2006/7.02B/0.226B 2007/16.47B/0.58B 2008/29.15B/1.53B 2009/23.89B/1.88B 2010/30.38B/1.32B 2011/44.71B/1.60B 2012/45.46B/1.32B 2013/44.09B/1.32B 2014/43.09B/1.16B 2015/38.78B/1.06B 2016/41.40B/0.972B 2017/43.85B/1.219B 2018/33.57B(9M)/0.97B(9M) - projected 1.3B to 1.4B in full year That errant analyst stated that there' s a slowdown in growth but we haven' t seen the full year profit for 2018. Profit also increased from 2016 to 2017. If institutions are indeed selling, they will definitely reload at a lower price later. Wilmar was in the top 10 list of institutions buy in the week of 19 Nov. Most counters were also under pressure yesterday as trump-xi talk was near, it was a friday and last trading day of Nov. Let' s see if there' s good progress in the trade talk. |
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greathope
Veteran |
30-Nov-2018 23:43
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Institutions are selling maybe 2.29 also possible. This counter under heavy pressure at the moment stay away
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smltimer
Senior |
30-Nov-2018 22:21
Yells: "So what does the crystal ball say ......." |
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If 3 is broken then may really hit 2.9 or even 2.7 
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notredame
Member |
30-Nov-2018 18:06
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Yes, it' s a good opportunity for investors who haven' t bought any or many lots to buy and long.
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KAMAL0883
Supreme |
30-Nov-2018 17:16
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from historical high $8+++ drop till $3 something no alright ? | ||||
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Qanghoo
Supreme |
30-Nov-2018 17:13
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Hope if Monday kena squeezed further, u won' t be sad, but see as even more opportunity to buy even cheaper. Good Luck.
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smltimer
Senior |
30-Nov-2018 17:07
Yells: "So what does the crystal ball say ......." |
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Yes yes happy indeed .... price to 3 so i can get on to long yah 
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noslen
Veteran |
30-Nov-2018 15:57
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I am sure besides you, there are many happy people this week.
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JF_123123123
Senior |
30-Nov-2018 15:55
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Thanks to him bring down the price and give me a chance to buy and long. Afraid very soon layman awaken and start to buy back
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noslen
Veteran |
30-Nov-2018 15:41
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He has a different view of Wilmar back in 2015 though but of course that's three years ago and many things have changed and people too. https://www.msn.com/en-za/travel/other/should-you-be-worried-about-noble-shares/vi-BBloZmQ | ||||
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iuhne00
Member |
30-Nov-2018 15:28
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The same guy shouted to buy noble. Speak a lot about his credibility.
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noslen
Veteran |
30-Nov-2018 14:51
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Yes you hit the nail on the head.
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