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Wilmar Intl
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Wilmar
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Joelton
Supreme |
12-Dec-2022 09:59
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Wilmar International
Wilmar International : F34 +0.75%&rsquo s chairman and CEO Kuok Khoon Hong has continued to increase his deemed interest. HPRY Holdings, in which he has a deemed interest, acquired 6,421,700 shares between Dec 1 and 8 at an average price of S$4.08 per share.
The consideration of the acquisitions totalled S$26,215,697 and increased Kuok&rsquo s total interest in Wilmar International from 13.01 per cent to 13.11 per cent.
Since Wilmar International reported its Q3 2022 business update on Oct 28, Kuok has increased his total interest in Asia&rsquo s leading agribusiness group from 12.94 per cent.
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Joelton
Supreme |
12-Dec-2022 09:58
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Wilmar, Wee Hur and TCA chairmen add to their stakes
FOR the five trading sessions that spanned Dec 2 to 8, the Straits Times Index (STI) declined 1.7 per cent, with the Hang Seng Index gaining 3.7 per cent and the FTSE Bursa Malaysia KLCI slipping 1.6 per cent.
Overall, institutions were net sellers of Singapore stocks for the five sessions ended Dec 8 with S$359 million of net outflow. This brought the 2022 year to Dec 8 net institutional inflow to S$932 million. DBS : D05 +0.12%, OCBC : O39 +0.41% and Jardine Cycle & Carriage : C07 +0.04% led the net institutional outflow for the five sessions.
Share buybacks
There were 24 primary-listed companies conducting share buybacks over the five sessions ended Dec 8, with a total consideration of S$10.1 million, matching the consideration pace for the preceding two weeks.
For the companies, Sembcorp Industries : U96 -0.93% led the consideration tally, buying back 1.5 million shares at S$3.27 per share. The company has bought back 0.50 per cent of its issued shares (excluding treasury shares) on the current mandate.
Digital Core Reit Management also continued to buy back units of Digital Core Reit : DCRU +1.65% on each of the five sessions, bringing the total amount of units bought back from Dec 1 through to Dec 8 to 2,870,000 units.
Director and substantial shareholder transactions
The five trading sessions saw more than 60 changes to director interests and substantial shareholdings filed for close to 30 primary-listed stocks. This included 16 company director acquisitions with two disposals filed, while substantial shareholders filed seven acquisitions and two disposals.
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pasttime
Supreme |
09-Dec-2022 08:19
Yells: "gold silver are real money. not others iou." |
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palm oil price is falling with oil. the oil price trend is yet to be seen. northern hemisphere entering into winter months till end feb. will it get colder? increased demand for oil for heating? china looks like going into living with 19k mode. the new measures are like release the stronger one for work and play. protect the weaker one. surely the economic activities is starting to recover. what china related stock will benefits? consumer, tourism, transport, energy as they go into winter month. how much more can arowana sell?
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ozone2002
Supreme |
08-Dec-2022 17:06
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4.04  -0.01Stop loss for brokerage hit stop hunting by brokerage so evil 😈
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CheeryVGoh
Supreme |
08-Dec-2022 15:56
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JAKARTA, Dec 6 (Reuters) - Malaysian palm oil futures fell on Tuesday, erasing marginal gains from the previous session to track rival oils lower despite forecast of lower stock and better exports. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange dropped 1.56% to 3,905 ringgit ($892.57) a tonne in early trade, after ending up 0.38% on Monday. FUNDAMENTALS* Dalian' s palm oil contract DCPv1 fell 2.37%, while its most active soyoil contract DBYv1 was trading sideway. Soyoil prices on the Chicago Board of Trade BOc2 gained 0.85%. * Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market. * Malaysia' s palm oil inventories at end-November likely shrank slightly from October as output slowed while imports jumped, a Reuters survey showed on Monday. * The European Union is attempting to clinch a deal on a law to prevent companies from selling into the EU market soy, beef, coffee and other commodities linked to deforestation around the world. * Palm oil is poised to break a trendline and revisit its Nov. 21 low of 3,787 ringgit a tonne, Reuters technical analyst Wang Tao said. TECH/C
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CheeryVGoh
Supreme |
08-Dec-2022 15:38
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Ya in Sweden it has been law to re-forest after harvesting. Wilmar & GAR & some other big palm oil companies have in the past few years adopted policies that promise no deforestation, no peat developmnet and no exploitaion (NDPE). The stardards are called RSPO for certifying sustainable palm oil. But does having the RSPO certification mean palm oil truly sustainable? Smallholder farmers lack the resources to adopt responsible practices such as mechanical land clearing, burning is an easier way to clear the land.
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FATABA
Supreme |
08-Dec-2022 09:25
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I guess there is a different ....take for example in Indonesia, where burning is still used to clear a land. as such many other trees are burnt. in timber industry in Scan countries ......only mature and special areas are harvest for timber ( young trees in certain areas are protected and illegal to cut down) Whatever, PALM oil continue to be rejected by Eu and some developed countries ....until Msia and Indonesia can use high tech into their palm oil industries ( i guess) " " Household goods such as coffee, chocolate, and some furniture will have to pass strict checks to ensure forests weren' t damaged to create them. Environmental group Greenpeace called it a breakthrough, but some countries said the rules would hurt international tradeThe EU said the rules would cut carbon emissions worldwide." " The objective is clear ......TO CUT CARBON emission globally .
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tongphlp
Supreme |
07-Dec-2022 21:45
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2 a certain extent....more so guided by overnite DJ performance
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pasttime
Supreme |
07-Dec-2022 19:49
Yells: "gold silver are real money. not others iou." |
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the european law on banding import etc has little impact on palm oil prices. indonesia and malaysia now make palm oil as part of petrol mix to form bio petrol. palm oil now more link to oil price. indonesia save money by not having to import as much oil due B30. when china open up more from covid-19 lock down. consumer orientated business like wilmar will benefits. more oil sale for hotels restaurants and chinese new year comming you know. |
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CheeryVGoh
Supreme |
07-Dec-2022 18:01
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LIke that timber trade & many other products also causing deforestation, bans them ??
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CheeryVGoh
Supreme |
07-Dec-2022 17:54
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https://www.bbc.com/news/world-europe-63872393#:~:text=The%20European%20Union%20has%20agreed,t%20damaged%20to%20create%20them. Today' s share price impacted by this news? Affected counters like Golden Agri, First Resources as well.
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tongphlp
Supreme |
05-Dec-2022 11:36
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so? should fall ah?
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ozone2002
Supreme |
05-Dec-2022 11:28
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Wilmar International Limited (F34 SP) - Long &ndash Entry 4.10, Target 4.22, Stop 4.04 Shares formed a cup and handle pattern. The 5dEMA crossed above the 200dEMA. RSI is constructive, and MACD is about to turn positive.  |
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actan99
Master |
15-Nov-2022 11:07
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KI. UP one week liao |
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Joelton
Supreme |
14-Nov-2022 09:06
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Wilmar International
Between Nov 4 and 10, Wilmar International : F34 +1.78%&rsquo s chairman and CEO Kuok Khoon Hong increased his deemed interest in the stock.
HPRY Holdings, in which Kuok has deemed interest, acquired 2,279,200 shares of Wilmar at an average price of S$3.94 per share.
The consideration of the acquisitions totalled S$8,981,504 and increased Kuok&rsquo s total interest in Wilmar from 12.96 per cent to 13 per cent.
The acquisitions followed on from HPRY Holdings acquiring 650,000 shares at S$3.88 on Nov 1 then and 36,700 shares, also at S$3.88 per share on Nov 2.
As Asia&rsquo s leading agribusiness group, Wilmar has a multinational workforce of around 100,000 people with over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries and regions.
As Kuok noted earlier in the year, Wilmar International is developing comprehensive initiatives and targets to identify and reduce negative climate impacts from its value chain.
These include reducing greenhouse gas emissions in its operations and supply chains, addressing deforestation, halting biodiversity loss, and improving livelihoods of farmers and smallholders within these climate-smart production models.
On Nov 7, Wilmar announced that it had signed up to the Science Based Targets initiative in October 2022 with the aim of cementing its emission reduction targets while demonstrating progress that reflects the significance of its commitments.
This means that over the next 24 months, the group will develop timebound plans delineating its strategy and approach to achieve its near-term and net-zero emission reduction targets, with most of its undertakings revolving around Scope 3 emissions, with efforts well underway to identify its Scope 3 footprint and formulate comprehensive plans to address and reduce them.
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Joelton
Supreme |
14-Nov-2022 09:05
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Wilmar chair presses on with open market acquisitions
Overall, institutions were net buyers of Singapore stocks for the five sessions ended Nov 10, with S$277 million of net inflows.
FOR the five trading sessions that spanned Nov 4 to 10, the Straits Times Index (STI) gained 2.3 per cent, with the Hang Seng Index also rising 2.3 per cent and the FTSE Bursa Malaysia KLCI adding 0.5 per cent.
Overall, institutions were net buyers of Singapore stocks for the five sessions ended Nov 10, with S$277 million of net inflows, a similar pace to the net inflows for the preceding five sessions.
This brought the 2022 year to Nov 10 net institutional inflows to S$1 billion.
UOB : U11 +0.99%, OCBC : O39 +0.25%, DBS : D05 +0.72%, CapitaLand Investment : 9CI +6.27% and Singtel : Z74 +2.28% led the net institutional inflows for the five sessions.
Meanwhile, Sats : S58 +3.92%, Jardine Matheson Holdings : J36 -0.8%, Keppel Reit : K71U +3.43%, Nanofilm Technologies International : MZH +2.94% and Frasers Logistic & Commercial Trust : BUOU +4.42% led the net institutional outflows for the same period.
Share buybacks
There were 19 primary-listed stocks conducting share buybacks over the five sessions ended Nov 10, with a total consideration of S$15.1 million, a similar pace to the consideration totals for the preceding three weeks.
Sembcorp Industries : U96 +0.66% again led the five-session buyback consideration tally, purchasing 2.2 million shares at an average price of S$3.09 cents per share.
The company has bought back 0.4 per cent of its issued shares (excluding treasury shares) on the current mandate, as of Nov 10.
On Nov 9, Catalist-listed Acesian Partners : 5FW 0% conducted a share buyback of 5,127,700 shares at an average price of 3.8 cents per share, representing 1.03 per cent of its issued shares (excluding treasury shares).
Director and substantial shareholder transactions
The five trading sessions saw close to 50 changes to director interests and substantial shareholdings filed for about 25 primary-listed stocks.
This included nine company director acquisitions with one disposal filed, while substantial shareholders filed five acquisitions and two disposals.
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tongphlp
Supreme |
07-Nov-2022 09:50
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He thinks it should be worth $8.83 :) bargain hunting
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Joelton
Supreme |
07-Nov-2022 09:12
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Wilmar International
Between Nov 1 and 3, Wilmar International : F34 +1.02%&rsquo s chairman and chief executive officer (CEO) Kuok Khoon Hong increased his deemed interest in the stock.
HPRY Holdings, which Kuok is deemed interest in, acquired 650,000 shares of Wilmar on Nov 1, then another 36,700 shares on Nov 2, and 485,300 shares on Nov 3, with all transactions booked at S$3.88 per share.
The total consideration of the three acquisitions was S$4,547,360 and increased Kuok&rsquo s total interest in Wilmar International from 12.94 per cent to 12.96 per cent.
Following the Oct 28 close, Wilmar International provided a financial summary, reporting its third consecutive record quarter result in 2022, with core net profit for the third quarter of 2022 surging 38 per cent from Q3 2021.
Wilmar International&rsquo s record results were driven by good performance across all core segments.
This brought the group&rsquo s core net profit to US$1.95 billion for the first nine months of 2022, up 49 per cent from a year ago.
Wilmar International operates an integrated agribusiness model that encompasses the entire value chain of the agricultural commodity business.
In the face of the commodity market volatility this year, Kuok noted in August that the integrated and diversified business model of Wilmar International, as well as its cautious approach to risk management when agri-commodities were at or near historical highs had enabled the group to deliver record results this year.
Kuok oversees the management of the group with a particular focus on new business development.
He maintains extensive experience in the industry and has been involved in the grains, edible oils, and oilseeds businesses since 1973.
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Joelton
Supreme |
07-Nov-2022 09:11
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Wilmar chairman increases stake at S$3.88 following Q3 update
FOR the five trading sessions that spanned Oct 28 to 3 Nov, the Straits Times Index (STI) gained 2.9 per cent, with the Hang Seng Index gaining 0.4 per cent and the FTSE Bursa Malaysia KLCI declining 2.0 per cent.
Overall, institutions were net buyers of Singapore stocks for the five sessions ending Nov 3, with S$290 million of net inflows. This brought the 2022 year-to-Nov-3 net institutional inflows to just over S$750 million.
UOB : U11 +1.36%, DBS : D05 +0.79%, OCBC Bank : O39 +0.75%, Sembcorp Marine : S51 0% and Singtel : Z74 +0.4% led the net institutional inflows for the five sessions. Meanwhile, CapitaLand Investment : 9CI +5.59%, Suntec Reit : T82U +1.56%, Singapore Exchange : S68 -0.12%, Sats : S58 -0.74% and Jardine Matheson Holdings : J36 -0.27% led the net institutional outflows for the five sessions.
Share buybacks
There were 17 primary-listed stocks conducting share buybacks over the five sessions ending Nov 3, with a total consideration of S$12.7 million, a similar pace to the consideration totals for the past two weeks.
Sembcorp Industries : U96 +3.7% led the five-session buyback consideration tally, buying back 2.2 million shares at an average price of S$2.99 per share.
Sembcorp Industries has bought back 0.27 per cent of its issued shares (excluding treasury shares) on the current mandate, as of Nov 3.
Director and substantial shareholder transactions
The five trading sessions saw close to 70 changes to director interests and substantial shareholdings filed for more than 30 primary-listed stocks. This included 11 company director acquisitions with no disposals filed, while substantial shareholders filed seven acquisitions and two disposals.
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Joelton
Supreme |
02-Nov-2022 09:01
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Wilmar Q3 results draw mixed reactions from brokerages
AGRIBUSINESS giant Wilmar&rsquo s latest set of financial results has drawn mixed reactions from brokerages with RHB Research raising its target price on the stock to S$5.40 from S$4.95, and Maybank Securities lowering its target to S$4.27 from S$4.47.
Their moves were based on opposing views on Wilmar : F34 0%&rsquo s ability to replicate its strong Q3 FY2022 performance.
In a report on Tuesday (Nov 1), RHB analysts noted that Wilmar&rsquo s Q3 results exceeded RHB&rsquo s projections to come in at 102-104 per cent.
The research house has therefore raised its earnings estimates for FY2022 to FY2024 by 8-14 per cent, inclusive of a 2 per cent ESG (environmental, social and governance) premium.
It continues to rate Wilmar at &ldquo buy&rdquo on the belief that the stock &ldquo remains severely undervalued&rdquo , with a forecast price-to-earnings (P/E) multiple of 7.9 for FY2023.
Looking ahead, the team expects Wilmar&rsquo s margins to remain &ldquo relatively robust&rdquo &ndash especially when the company begins reaping the full impact of its average selling price increases amid lower commodity prices.
In particular, RHB likes Wilmar for its combined stake in Yihai Kerry and Adani Wilmar, which is &ldquo almost double the value of (Wilmar&rsquo s) own market capitalisation&rdquo , in their view. Yihai Kerry is the group&rsquo s Chinese edible oil and grain subsidiary, and Adani Wilmar is its Indian food subsidiary.
Meanwhile, Maybank Securities&rsquo research team expressed doubt on Wilmar&rsquo s ability to replicate its strong Q3 results.
The brokerage cut its target price to S$4.27 from S$4.47, but maintained its &ldquo hold&rdquo call on Wilmar in a report issued on Monday.
While the team raised its earnings per share estimate for FY2022 by 14 per cent in light of Wilmar&rsquo s financial performance, it lowered projected earnings for FY2023 to FY2024 by 7-16 per cent.
It also questioned whether Wilmar&rsquo s higher Q3 margins &ndash the highest since two years ago &ndash were &ldquo one-off&rdquo , since profits were driven by better associate contributions and a lower effective tax rate.
Additionally, Maybank&rsquo s analysts foresee slower economic growth as well as prolonged Covid-19 restrictions in China, where a significant portion of Wilmar&rsquo s operations are based.
&ldquo With the potential for further lockdowns and a global recessionary scenario, it is hard to call an inflection point on Chinese demand, in our view,&rdquo they said.
Coupled with global recessionary risks, Maybank believes this will post a threat to Wilmar&rsquo s margin and volume expansion in future.
CGS-CIMB expressed similar sentiments in its Oct 28 report, projecting a lower core net profit of US$400 million for Q4 FY2022.
While it acknowledged that Wilmar&rsquo s latest set of Q3 results were better than expected, the research house attributes this performance to a lower effective tax rate and higher associate contributions.
&ldquo The group&rsquo s nine-month FY2022 net profit is only 3.5 per cent shy of its FY2021&rsquo s core net profit of US$1.84 billion and has exceeded all its past year&rsquo s core net profit before FY2021. Over the past 10 years (excluding 2016), nine-month core net profit had made up 70 per cent of its full-year core net profit on average,&rdquo noted its analysts.
The research house nonetheless maintains &ldquo add&rdquo on the stock with an unchanged target price of S$4.68. It continues to like Wilmar for its &ldquo attractive&rdquo FY2022 P/E valuation multiple of 7.5 times, with a dividend yield of 6 per cent.
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