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Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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smltimer
Senior |
29-Nov-2018 09:39
Yells: "So what does the crystal ball say ......." |
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x 0
x 0 Alert Admin |
Creeping down .... see if can reach 3 | ||||
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ipolaris
Senior |
29-Nov-2018 09:15
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x 0
x 0 Alert Admin |
I am no analyst but take a look at these 2 sentences: " Wilmar International may inject capital that could reach up to $1.38b (US$732m) in the soybean production and processing as well as the transhipment of soybean concentrates in Russia& rsquo s Far East, a Russian regional ministry revealed. " as reported by reuters and posted by octavia on 18 nov and " Currently, palm oil and soybean are facing excess supply. This follows the imposition of tariffs on US soybean imports by China as part of the trade war ..... " as reported by exotix. It seems like US soybean is the one facing excess supply, not worldwide. The argument by exotix is rather vague.
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investshare
Supreme |
29-Nov-2018 08:56
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Anyone has any comment on Exotix?s analysis itself? Rather than who they are, where they from, what?s their motive,.. | ||||
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HendriJB
Supreme |
29-Nov-2018 08:41
Yells: "Breathe, Step Back - Think " |
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x 0
x 0 Alert Admin |
Good morning all ... Read the page Singapore Business Times WILMAR Exotic Capital initiates coverage on the Company with SELL call read page 6 in companies and market section |
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ipolaris
Senior |
28-Nov-2018 19:17
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x 0
x 0 Alert Admin |
The countries they mainly serve may have very different business climate and hence their analysis. Just take it with a pinch of salt, IMHO. | ||||
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Starship
Supreme |
28-Nov-2018 16:21
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x 0
x 0 Alert Admin |
Probably no one has ever heard of this Exotix. A search on the internet provided scant information but its description sounds like the American Wild West era. Lol. It specializes in illiquid bonds and loans, equities, structured finance, and capital raising. The firm sells and distributes fixed income products, as well as engages in sourcing loans in distressed and emerging markets across the GCC, the Caribbean, Latin America, Eastern Europe, the Balkans, sub-Saharan Africa, and other key frontier markets. It also sells and trades equities covering various stock markets in the Americas, Europe, Asia, Botswana, BRVM, Ghana, Kenya, Malawi, Mauritius, Namibia, Nigeria, Rwanda, Tanzania, Uganda, Zambia, Zimbabwe, Sri Lanka, Pakistan, Bangladesh, and Tunisia. The firm deals with debt-with-equity transactions and private equity placement of frontier market stocks.
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FATABA
Supreme |
28-Nov-2018 16:14
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x 0
x 0 Alert Admin |
Wow timing n objective of this report ?? Result release was good or at least OK .......HMM....wld SGS question the aim of this report n the buyers over the time when it was released ? Some time , I really wonder how fair is this so call special report or anlayst done.
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ipolaris
Senior |
28-Nov-2018 16:10
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x 0
x 0 Alert Admin |
Sure or not? Then all our local wilmar analysts better pack and go home. JKJK. Could the TP of $2.29 be in USD? Haha....
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HendriJB
Supreme |
28-Nov-2018 13:20
Yells: "Breathe, Step Back - Think " |
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x 0
x 0 Alert Admin |
Wilmar in cashflow stress test 'danger zone', says Exotix's Tiruchelvam
By: Samantha Chiew 28/11/18, 12:40 pm SINGAPORE (Nov 28): Wilmar, the largest palm oil processor in the world, has appeared in the ?danger zone? of Exotix Capital?s cashflow stress test. This comes agter the research house stress tested the cashflows of 42 consumer companies on their vulnerability to an interest rate hike and depreciation. Currently, palm oil and soybean are facing excess supply. This follows the imposition of tariffs on US soybean imports by China as part of the trade war while palm oil is facing a glut. Crude palm oil (CPO) prices have dropped almost 20% in 2018 to its lowest in three years. The last time palm oil fell by this magnitude over a six-month period was in 2008 where Wilmar saw a 23% drop in its 4Q08 pre-tax earnings. In its report Is there a Debt Bomb Ticking?, Exotix's analyst Nirgunan Tiruchelvam says the spectre of inventory writedowns is once again looming over the horizon. In addition, the group reported net interest expenses of US$187 million on net debt of US$20.5 billion for FY17. Tiruchelvam believes that the potential unwinding of the USD-RMB carry trade could reduce the group?s FY19 net income by about 20%. A narrowing of net income by 1% could shave off a third of its earnings. Meanwhile, the mainstay of Wilmar?s FY12-17 capex of US$6.5 billion was the tropical oils segment, which includes palm oil and soybean processing. But in terms of capex per tonne for processing assets, this has been in excess of the industry average of US$160 per tonne and has exceeded ROIC for the past three years. This may cause ROIC to falter in FY18-19 due to the excess processing supply. Moreover, intense expansion in palm oil and soybean oil refining capacity have weakened refining margins in the industry. Wilmar saw pre-tax processing margins in the palm & laurics business fall to US$10.75/MT in FY16 from US$33.4/MT in FY12. Other players such as Mewah, Indofood Agri and China Agri have also reported similar poor margins due to glut. In a Tuesday report, Exotix has initiated a ?sell? recommendation on Wilmar with a target price of $2.29. ?At about 14x EV/EBITDA 2018F, Wilmar is trading at a 36% premium to the sector average, which we think is unwarranted in light of its faltering returns and poor earnings growth,? says Tiruchelvam. As at 12.53pm, shares in Wilmar are trading at $3.16 or 10 times 2018F earnings. |
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HendriJB
Supreme |
28-Nov-2018 13:16
Yells: "Breathe, Step Back - Think " |
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x 0
x 0 Alert Admin |
Wilmar news out at 12:40 pm Target Price reduced to $2.29 Read the news https://www.theedgesingapore.com/wilmar-cashflow-stress-test-danger-zone-says-exotixs-tiruchelvam |
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smltimer
Senior |
27-Nov-2018 17:06
Yells: "So what does the crystal ball say ......." |
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x 0
x 0 Alert Admin |
Short | ||||
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Maxgrow68
Elite |
19-Nov-2018 07:44
Yells: "Right and Kind. Choose Kind then you are always Right !" |
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x 0
x 0 Alert Admin |
BT Fri 17/11/18 Brokers' take maintain ' buy' call for Wilmar at TP 3.68 as top pick for exposure to the plantation sector. Raised FY2018 earnings estimate by 5 pc on back of strong Q3 result, while Q4 outlook remains optimistic. Lets see today px movement. Huat Ah !!
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Starship
Supreme |
18-Nov-2018 22:24
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x 0
x 0 Alert Admin |
Very promising company with very clear expansionary plans. Just need to hold and ride the next commodity boom. |
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Octavia
Supreme |
18-Nov-2018 21:05
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Wilmar may invest up to $1.38b in Russian soybean production Wilmar International may inject capital that could reach up to $1.38b (US$732m) in the soybean production and processing as well as the transhipment of soybean concentrates in Russia&rsquo s Far East, a Russian regional ministry revealed. Wilmar&rsquo s long-term investment programme in the Far East has been developed with Russian support, the ministry for the development of the Far East said in a statement, summing up meetings between officials and potential investors on the sidelines of a regional conference in Singapore, which President Vladimir Putin attended this week. The ministry said the potential long-term investment as part of the programme could reach $732 million, but so far the investor was ready for the first stage of the project, which requires only $13.75m (US$10m) to start soybean production on 10,000 ha. &ldquo If the project is successful and we are given more land, the investment will grow to involve building processing plants, storage and port facilities,&rdquo Wilmar told Reuters. |
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HendriJB
Supreme |
12-Nov-2018 17:56
Yells: "Breathe, Step Back - Think " |
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x 1
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Wilmar reports 10.7% rise in 3Q earnings to $564 mil on better Tropical Oils and Oilseeds & Grains results
By: PC Lee 12/11/18, 05:30 pm SINGAPORE (Nov 12): Wilmar International, the agribusiness group, reported an 10.7% increase in 3Q earnings to US$407.4 million ($564 million) from a year ago The stronger performance was driven by better results in Tropical Oils and Oilseeds & Grains and supported by higher share of results of affiliates but offset by losses recorded by the group?s discontinued operations in Brazil as part of the newly acquired subsidiary in India, Shree Renuka Sugars Revenue for the quarter increased 4% to US$11.61 billion (3Q2017: US$ 11.13 billion), supported by higher sales volumes across all of the group?s businesses ?? ADVERTISEMENT ?? Tropical Oils reported a 93% increase in pretax profit to US$155.5 million in 3Q18, boosted by stronger performance from the manufacturing and merchandising business. The higher palm oil production volume also led to improvements in downstream margins Oilseeds & Grains saw pretax profit increase 17% to US$296.9 million due to strong crush margins with higher volume and good performance from Consumer Products Sugar reported a 2% increase in pretax profit to US$76.4 million, driven by stronger performance in the merchandising business, partially offset by losses incurred by the discontinued Brazilian operations Joint Ventures & Associates saw pretax profit increase 30% to US$66.4 million, mainly from the group?s investments in Africa, China, Europe and Vietnam Kuok Khoon Hong, Chairman and CEO, says, (We expect most of our operations to continue to do well in the coming quarter, due to generally better processing margins. Overall, we are cautiously optimistic that performance for the rest of the year will be satisfactory). Year to date, shares in Wilmar are trading 4 cents higher at $3.18 |
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Octavia
Supreme |
05-Nov-2018 10:48
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x 0
x 0 Alert Admin |
3Q18 fin result tba after trading hrs on 12 Nov18 | ||||
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FATABA
Supreme |
25-Oct-2018 10:48
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x 0
x 0 Alert Admin |
Wilmar is one counter which remains relatively strong during these days of crisis China listing shld be up soon. Result is expect to be fine. Wilmar cld be making a come back ? Dyodd |
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alexchew
Master |
19-Oct-2018 10:53
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x 1
x 0 Alert Admin |
good strategy, if can be repeated few times a year.
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halleluyah
Supreme |
19-Oct-2018 10:22
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x 0
x 0 Alert Admin |
palm oil price has been climbing up fr the past few days............. | ||||
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Starship
Supreme |
18-Oct-2018 20:34
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x 0
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3Q likely to be another solid quarter for Wilmar: UOB 18/10/18, 04:34 pm SINGAPORE (Oct 18): UOB KayHian expects another solid quarter for Wilmar International, supported by the oilseeds & grains and palm & lauric oils divisions. Scheduled to release its 3Q18 results on Nov 12, UOB expects the Oilseed & grains division to post a higher profit before tax (PBT) as soybean crushing margins recovered in 3Q18 and festive demand remains high. Better downstream margins from palm & laurics are also expected from higher utilisation rate. Key drivers were higher sales volumes on the back of higher biodiesel sales volumes in Indonesia, increase in exports and better refining margins on a higher utilisation rate. &ldquo We expect 3Q18 core net profit to come in at US$390-430 million, says analyst Leow Huey Chuen, &ldquo If Wilmar does meet our estimate, our 2018 core net profit forecast might be upgraded by 10-15%&rdquo . UOB is maintaining a &ldquo buy&rdquo on Wilmar with a target price of $3.90. https://www.theedgesingapore.com/3q-likely-be-another-solid-quarter-wilmar-uob |
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