Wilmar Intl    Last:3.09    +0.03

Wilmar - Watch for a Strong Rally to Come!

that's becos Indo start to rise in Nov12 from around 1.2 and Wilmar in Dec12 from around 3.15 and GoldenAgri has been sleeping all there while....

wendel      ( Date: 26-Feb-2013 18:17) Posted: Both wilmar n indoagri suffered while GoldenAgri stayed afloat.

 

Both wilmar n indoagri suffered while GoldenAgri stayed afloat.

 

not sure will 2.90 come ?

vw2796      ( Date: 26-Feb-2013 09:38) Posted: Wilmar possible Head and Shoulder Formation spotted.

 

gone case liao....

 

 

 

... Wilmar now at day high so far $3.57... day low was $3.46 ...

 

Shorted... huat ah!

 

Wilmar possible Head and Shoulder Formation spotted.

 

Married deals

500K @ 3.549

630K  @ 3.559

 

 

 

  The venture comes at a time of growing environmentalist criticism of the industry over the burning peat forests to expand plantations, which releases massive amounts of carbon dioxide into the atmosphere and which threatens the habitats of wild animals, particularly orangutans, in Borneo and Sumatra.  " Habitat conversion from natural forests to oil palm plantations has been shown to have a devastating impact on tropical forests, along with plants and animals that depend on them," according to a statement on the impact of palm plantations on orangutans by the World Wide Fund for Nature, or WWF. The undated statement is posted on WWF's website. 

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I think they can simply train and deploy the orangutans to harvest the crop for them. Then, give the orangutans some food in exchange.

This will solve the growing labor cost problem & preserve the orangutans. 

hahaha..... 

Octavia      ( Date: 22-Feb-2013 17:30) Posted: Wilmar Buys Majority Stake in Noble's Indonesia Palm Oil Venture Wilmar International Ltd. (F34.SG) has taken a majority stake in a palm plantation venture in Indonesia's Papua owned by Noble Group Ltd. (N21.SG), giving the world's biggest palm oil supplier by volume a toehold in the province where it also hopes to grow sugarcane. Wilmar bought a 53.74% stake in a Noble unit that has a majority stake in a company owning 22,953 hectares of land. Wilmar and Noble will form a joint venture to develop palm plantations there, the Singapore-listed commodity suppliers said in a statement Friday. Noble will hold the rest of the equity. Wilmar and Noble didn't share financial details of the deal, but based on industry estimates, developing the land into palm oil plantations would cost between US$125 million to US$150 million spread over a four to five year period. The deal will allow Noble to split the cost of developing the plantation and benefit from Wilmar's palm oil know-how, as it has about 256,000 hectares of plantations in Indonesia, Malaysia and Africa. Wilmar's Indonesian plantations are mainly concentrated in Sumatra and Kalimantan. " Papua is not an easy region, if they can do this they can move on with their plans to develop sugarcane plantations in Papua," said a Singapore-based analyst with a global bank who didn't wish to be named. In 2010, Wilmar said it plans to develop sugarcane plantations and set up mills in Papua in Indonesia's Merauke food estate. The deal will allow Noble to " benefit from that expertise and to jointly build upon the initial platform that we have been developing over the last few years," Yusuf Alireza, a former Goldman Sachs banker who joined Noble as chief executive last year, said in the joint press statement, referring to Noble's palm oil plantation foray. Noble may also be looking to get Wilmar on board as a way to hedge its plantation investment as volatile palm oil prices are being driven by rising inventories and weaker demand. The benchmark Malaysia Derivatives crude palm oil contract has fallen 22% so far this year, with the May contract for delivery at Bursa ending at 2,536 ringgit a metric ton on Thursday. The venture comes at a time of growing environmentalist criticism of the industry over the burning peat forests to expand plantations, which releases massive amounts of carbon dioxide into the atmosphere and which threatens the habitats of wild animals, particularly orangutans, in Borneo and Sumatra. " Habitat conversion from natural forests to oil palm plantations has been shown to have a devastating impact on tropical forests, along with plants and animals that depend on them," according to a statement on the impact of palm plantations on orangutans by the World Wide Fund for Nature, or WWF. The undated statement is posted on WWF's website. Indonesia, which accounts for around 60% of global crude palm oil output, produced about 28 million metric tons last year. Malaysia is the second biggest producer with 18.8 million tons, according to industry estimates. Separately, Wilmar said its net profit in the fourth quarter fell 4.7%, weighed by lower palm oil prices, to 476.8 million Singapore dollars (US$384 million), down from S$500 million recorded in the same period in 2011. The firm's plantations segment profits were down 23% compared to the previous year. Profits in most other segments grew, including an 8% rise in its sugar business. Despite the figures, the company struck an optimistic tone for the years ahead, citing demand for commodities from emerging markets. " Whilst uncertainties in the global economy remain, we are cautiously optimistic of our long term prospects due to good economic growth in our main markets of China, India and Indonesia and the robust business model we have built up over the years," said Wilmar Chairman and CEO Kuok Khoon Hong in the statement.

 

Maybank Kim Eng has a buy call for Wilmar.TP $4.60.

Within expectations. We believe FY12 results were broadly within expectations, with recurring net profit coming in at USD1.17b (+5% above consensus estimates). We believe signs of earnings recovery are already evident from 4th quarter numbers and continue to see a positive FY13 for Wilmar as it rides a China recovery.

FY12 down on CPO and soybean crushing. Volume grew 8% during the year, though revenue was mostly level on weaker commodity prices.Performances across its divisions were a mixed bag, though Group recurring earnings were down 23%. Plantations division showed lower profit on declining CPO prices, while oilseeds & grains suffered a big reversal from FY11. Other divisions showed healthy earnings.

Signs of recovery in 4th quarter results. PBT excluding non-op items was up 35% yoy during the quarter. Oilseeds & Grains division showed another quarter of profit, and we expect the recovering Chinese soybean import data to underpin a positive year in 2013. This is  seasonally an important quarter for sugar, and the division showed  some of its earnings potential. In particular, sales volume for merchandising almost doubled. We expect the increasing scale may be a key profit driver in 2013, given Wilmar’s strong network franchise.

Palm and Laurics will be a standout in 2013. We believe this business which now makes up almost 50% of Group PBT will be stronger than expected in 2013. Historically low CPO prices and high  stockpile will improve refining margins and increase Wilmar’s  bargaining power on account of its unrivalled distribution network in China. PBT margins continued to rise into the 4th quarter as expected. While this may moderate in 2H as new industry capacity come on stream, we still expect Wilmar to benefit from its scale this year.

Look forward to earnings recovery from 1QFY13 onwards. Adjusted net-debt/ equity improved slightly to 0.36x. Going forward we expect the lower capex guidance will help bring this down further. Management expects future expansion focus will be on Africa and Myanmar, where there is good long-term potential. We reiterate BUY, with a TP of SGD4.60, pegged to 16x FY13F

 

... now in correction phase ... don't seem to have clear support level ... $3.40...???

 

CIMB has a outperform rating for Wilmar

Target price :$3.90

http://www.remisiers.org/cms_images/research/Feb18-Feb22_2013/Wilmar22022013cimb.pdf

 

XD is on 29 Apr 2013. To be entitled to the dividend, you need to buy before 29 Apr.

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Depositors whose securities accounts with The Central Depository (Pte) Limited are credited with the Company’s ordinary shares as at 5.00 pm on 2 May 2013 will be entitled to the Proposed Final Dividend.

 

As long as you do not buy on the XD day itself, you will be entitled to the dividend.

It is very easy to be sure:

XD means XD, so if you buy on the XD day, it is XD for the buyer.

 

Am I entitled to the dividend if I load before 2 May 5pm?

guoyanyunyan      ( Date: 22-Feb-2013 21:28) Posted: Wilmar: Much stronger-than-expected FY12 earnings Wilmar International has posted a much stronger-than-expected set of FY12 results. Although reported net profit was down 21.6% at US$1255.5m, core earnings at US$1167.0m (down 23.1%) were still 14% ahead of our forecast. We note that the outperformance came mainly from a 32% jump in PBT from its Palm & Laurics division this driven by the revised Indonesian export tax structure. Has declared a final dividend of S$0.03/share (versus S$0.031 last year), bringing its total dividend to S$0.05 for FY12, or 18% lower than last year. Going forward, management remains “cautiously optimistic” about its long-term prospects. We will have more after the mid-day analyst briefing. For now, we place our Buy rating and S$3.52 fair value  UNDER REVIEW. Note that the stock has jumped 18% since we upgraded it on 9 Nov 2011.  (Carey Wong)

 

Wilmar: Much stronger-than-expected FY12 earnings
Wilmar International has posted a much stronger-than-expected set of FY12 results. Although reported net profit was down 21.6% at US$1255.5m, core earnings at US$1167.0m (down 23.1%) were still 14% ahead of our forecast. We note that the outperformance came mainly from a 32% jump in PBT from its Palm & Laurics division this driven by the revised Indonesian export tax structure. Has declared a final dividend of S$0.03/share (versus S$0.031 last year), bringing its total dividend to S$0.05 for FY12, or 18% lower than last year. Going forward, management remains “cautiously optimistic” about its long-term prospects. We will have more after the mid-day analyst briefing. For now, we place our Buy rating and S$3.52 fair value  UNDER REVIEW. Note that the stock has jumped 18% since we upgraded it on 9 Nov 2011.  (Carey Wong)

 

Wilmar Buys Majority Stake in Noble's Indonesia Palm Oil Venture

Wilmar International Ltd. (F34.SG) has taken a majority stake in a palm plantation venture in Indonesia's Papua owned by Noble Group Ltd. (N21.SG), giving the world's biggest palm oil supplier by volume a toehold in the province where it also hopes to grow sugarcane.

Wilmar bought a 53.74% stake in a Noble unit that has a majority stake in a company owning 22,953 hectares of land. Wilmar and Noble will form a joint venture to develop palm plantations there, the Singapore-listed commodity suppliers said in a statement Friday. Noble will hold the rest of the equity.

Wilmar and Noble didn't share financial details of the deal, but based on industry estimates, developing the land into palm oil plantations would cost between US$125 million to US$150 million spread over a four to five year period.

The deal will allow Noble to split the cost of developing the plantation and benefit from Wilmar's palm oil know-how, as it has about 256,000 hectares of plantations in Indonesia, Malaysia and Africa. Wilmar's Indonesian plantations are mainly concentrated in Sumatra and Kalimantan.

" Papua is not an easy region, if they can do this they can move on with their plans to develop sugarcane plantations in Papua," said a Singapore-based analyst with a global bank who didn't wish to be named.

In 2010, Wilmar said it plans to develop sugarcane plantations and set up mills in Papua in Indonesia's Merauke food estate.

The deal will allow Noble to " benefit from that expertise and to jointly build upon the initial platform that we have been developing over the last few years," Yusuf Alireza, a former Goldman Sachs banker who joined Noble as chief executive last year, said in the joint press statement, referring to Noble's palm oil plantation foray.

Noble may also be looking to get Wilmar on board as a way to hedge its plantation investment as volatile palm oil prices are being driven by rising inventories and weaker demand. The benchmark Malaysia Derivatives crude palm oil contract has fallen 22% so far this year, with the May contract for delivery at Bursa ending at 2,536 ringgit a metric ton on Thursday.

The venture comes at a time of growing environmentalist criticism of the industry over the burning peat forests to expand plantations, which releases massive amounts of carbon dioxide into the atmosphere and which threatens the habitats of wild animals, particularly orangutans, in Borneo and Sumatra.

" Habitat conversion from natural forests to oil palm plantations has been shown to have a devastating impact on tropical forests, along with plants and animals that depend on them," according to a statement on the impact of palm plantations on orangutans by the World Wide Fund for Nature, or WWF. The undated statement is posted on WWF's website.

Indonesia, which accounts for around 60% of global crude palm oil output, produced about 28 million metric tons last year. Malaysia is the second biggest producer with 18.8 million tons, according to industry estimates.

Separately, Wilmar said its net profit in the fourth quarter fell 4.7%, weighed by lower palm oil prices, to 476.8 million Singapore dollars (US$384 million), down from S$500 million recorded in the same period in 2011. The firm's plantations segment profits were down 23% compared to the previous year.

Profits in most other segments grew, including an 8% rise in its sugar business.

Despite the figures, the company struck an optimistic tone for the years ahead, citing demand for commodities from emerging markets.

" Whilst uncertainties in the global economy remain, we are cautiously optimistic of our long term prospects due to good economic growth in our main markets of China, India and Indonesia and the robust business model we have built up over the years," said Wilmar Chairman and CEO Kuok Khoon Hong in the statement.