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SHORT on following news ahh!! :P
| Latest News - Wilmar says HK IPO plans off |
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SINGAPORE - Wilmar International, the world's largest listed palm oil firm, said it has no current plans to list on the Hong Kong stock exchange after a current listing application lapsed. Wilmar had planned to raise as much as US$3.5 billion in a Hong Kong listing of its China unit last year, sources said, which was delayed due to its concern over valuations. 'The company has no current intention to submit a fresh listing application to the HKEX for the listing of Wilmar China,' it said in a statement. -- REUTERS |
Singapore Traders Spectrum
Wired Daily
DBS Group Research . Equity 11 November 2009
Wired Daily
DBS Group Research . Equity 11 November 2009
Our analyst is reviewing his forecast and TP for
the stock. Our plantation analyst believes that CPO price,
currently at RM2224/MT, may firm in December. His current
forecast is an average of RM2300/MT in 2009. However,
technically, we caution that CPO stocks have in the first
place, ignored the correction in CPO price since May this
year. CPO price reached a peak of nearly RM2900/MT in May
and has been in a correction trend since while CPO stocks
ignored this and continued to trend higher. Thus, from a
technical perspective, we do not feel excited about CPO
plays, especially the purer CPO plays, even if CPO price is to
firm a little. (refer to Weekly Comments dated 2 November)
In other word. Those BBs interest depend on their ego to make money or not. If not prices may slip a little downward. as commodities price slided by 50%.
wangweii1122 ( Date: 11-Oct-2009 20:45) Posted:
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sodoes it mean 6.40 is a good time to enter?
Thank to the BBs for playing this stock toward, almost hitting $7/-, purely based on expectation of her going public, this price is subtainable if only other BBs is willing to foot those bill, beside this calling off, that make me think of Gent SP placement of Right issue share (1 for 5 at 0.80ct). teeth53 tot: $6.40 cent is good to be place out, just another alternative side view.
fighting hard to cross 6.4?
Wilmar International to buy 16.7% stake in Three-A Resources Wilmar International
to buy 16.7% stake in Three-A Resources
Wilmar International, the world’s biggest palm oil trader, will invest 46.2 million
ringgit ($18.3 million) for a 16.7% stake in Three-A Resources Bhd., a Malaysian
food manufacturer.
Wilmar plans to subscribe to part of a private placement by Three-A, which is
seeking to sell as much as 20% in new stock at 75 sen each, the Malaysian company
said in a statement late yesterday.
The share placement will be completed in the fourth quarter, it said.
Shares of Three-A jumped 16% to close at 96 sen yesterday, the biggest increase
since Jan. 5, 2006.
Bloomberg
06 Oct 2009
Wilmar will be cosco the 2nd.
Wilmar IPO in Hong Kong appears to be the Cashing OUT of 20% holding by major shareholders.
WHY do major shareholders want to CASH OUT!?
BEWARE !
AWARE #
CAVEAT EMPTOR !@#$%^&*()_+~
OPEN EYES!
MAKE SURE EYES are NOT STAMPED ####
Projects for Wilmar has yet to double or even triple. The current gains over the past 3 months is purely due to sentiments and bullish sense. Question is will this sentiments keep the price from decreasing or returning to norm? Seems like buying Wilmar is a bad gamble.
There's a time to buy and sell. there's also time to fish. Its time to rest now. no trade on wilmar pls.
‘Double top’ shows further drop for Wilmar: Technical analysis
(Bloomberg) 01 Oct 2009
Shares of Wilmar International, the world’s biggest palm-oil trader, may fall below $6 after twice failing
to rise above the $7 level in the past two months, according AmFraser Securities Pte.
The brokerage cited a “double top” trading pattern, which occurs when share prices indicate two distinct
peaks on a chart. The pattern is completed when prices decline below the lowest point of the first peak,
signaling the end of an uptrend.
Wilmar reached its first peak when it rose to an intra-day high of $6.96 on Aug 13. After retreating to a low
of $5.98 on Aug. 21, the stock advanced to $7 on Sept 24, establishing a second peak. Wilmar fell 2.9%
yesterday to $6.32.
“Fears of a double top formation could bring down the trading range to around $6 to $6.50,” Najeeb Jarhom,
an AmFraser Securities analyst, wrote in a note. “Volatility should continue in the coming days.” The stock
may find “strong support” between $5.96 and $5.99, he added.
Wilmar tumbled as much as 6.1% yesterday to $6.11 after FinanceAsia reported on its Web site that the
listing of the company’s China unit in Hong Kong may be delayed until the market stabilizes.
No decision has been taken for the exact timing of the share sale, the company said in a statement to the
Singapore stock exchange. The pricing and timing of the initial public offering will depend on market
conditions, it said.
well said! MFT are talking bird!!
pharoah88 ( Date: 30-Sep-2009 15:56) Posted:
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DON'T be a FOOL and DON'T be MAD.
The company is the same one.
The plantations are the same ones.
The plam oil prices have fallen by 50%?
The demand have fallen by 50%?
How can the share price sustain from S$0.700 to S$7.00?
WHO are SELLING at the HIGH END when the small fishes are buying at the analysts' RECOMMENDATION at S$7.50?
HAVE COMMONSENSE.
COMMONSENSE.
DON'T BUY AT HIGH PRICES WHICH WILL FALL SOONER OR LATER....
DON'T DIE....
WOULD THE ANALYSTS' AND THEIR FUNDS BUY AT S$7.50!?@#$%^&*()_+
COMMONSENSE
AGAIN COMMONSENSE
COMMONSENSE AGAIN
wah!! 6.31 now! shortists covering !??!?! :P looks abit overdone :D
javascript:showDocns_7_LO04H2409GP9E0I84586HB2G32_("B47C857CF3FAAF074825763F0040C3D7",%20"IPO%20New%20Listings");
ANNOUNCEMENT
PROPOSED LISTING OF CHINA ASSETS AND OPERATIONS
Further to the announcements made by Wilmar International Limited (the “Company”) in
connection with the proposed listing of the Company’s China assets and operations (the
“Listing”), the Circular to shareholders dated 17 September 2009 (the “Circular”) and recent
media reports on the Listing, the Board of Directors of the Company (the “Board”) confirms that
the application process for the listing of Wilmar China Limited (“Wilmar China”) on the main
board of The Stock Exchange of Hong Kong Limited (“HKEX”) is still in progress and has reached
an advanced stage but no decision has been taken as to the specific timing of the Listing.
As stated in the Circular, the offer price and the number of shares of Wilmar China to be offered
in connection with the Listing (including the extent of the possible disposal, if any, of the
Company’s shares in Wilmar China), the structure and the expected timetable have not been
finalised and are dependent on market conditions. Accordingly, the Company and Wilmar China
are monitoring market conditions with a view to determining the above matters and launching the
offering process at an appropriate time. As at the date of this Announcement, no decision has
been made on the date of such launch.
The extraordinary general meeting of the Company to be held on 2 October 2009 at 10.00 a.m. at
Traders Hotel Singapore to consider the possible material dilution of the Company’s interest in
Wilmar China and the possible disposal of part of the Company’s interest in Wilmar China in
connection with the Listing will proceed as scheduled.
Shareholders should note that the Listing is subject to, inter alia, the formal approval of the HKEX
for Wilmar China’s listing application, and are reminded that the decision on whether or not to
proceed with the Listing and, as stated above, other related matters (including the offer price,
structure and timing of the Listing) will be made by the Company and Wilmar China taking into
account, amongst other things, prevailing market conditions. Accordingly, shareholders and
potential investors are advised to exercise caution when dealing in the securities of the Company.
The Company will make further announcements of any material development relating to the
Listing as and when appropriate.
Issued by
WILMAR INTERNATIONAL LIMITED
30 September 2009
is it? wat's the BUY call price ? :P
buylist ( Date: 30-Sep-2009 11:57) Posted:
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just share with u one joke. Phillips just released a buy call for Wilmar to coincide with the ipo call off....
after u please....wont really dare to short this high beta joker counter ! :D hee....
buylist ( Date: 30-Sep-2009 11:27) Posted:
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Short this burger. The price has already reflected the IPO news and now it puts on hold. Short it all the wayyyyy
hmm...funny..how come i dont read this news in MASNET har? Wilmar China IPO not related to Wilmar Sg meh?? :P
WeiQiQi ( Date: 30-Sep-2009 10:03) Posted:
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gee...i think that perhaps is an opportunity for those that wana get into the bandwagon for this COMMODITY play burger siah !! :D wat are u guys waiting for ?!?! hee :D
WeiQiQi ( Date: 30-Sep-2009 10:03) Posted:
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