| Latest Forum Topics / Wilmar Intl Last:3.48 -- |
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Wilmar - Watch for a Strong Rally to Come!
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geographic
Senior |
13-Aug-2024 13:20
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Wilmar result announcement is today after trading hours. The share price is falling. Hopefully, the result will be good.  | ||||
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actan99
Master |
30-Jul-2024 14:07
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UP Again | ||||
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actan99
Master |
25-Jul-2024 09:20
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From now,  UP and UP away ?  |
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halleluyah
Supreme |
24-Jul-2024 09:09
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add some babe...... | ||||
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Tob231
Elite |
16-Jul-2024 08:26
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https://asia.nikkei.com/Business/Markets/Commodities/Coffee-prices-soar-as-Vietnam-farmers-switch-to-durian   Coffee prices soar as Vietnam farmers switch to duriandurian is a lucrative business .... the price for rice to palm oil will go into scarcity and price going up ....   |
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Joelton
Supreme |
16-Jul-2024 08:15
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CGSI expects Wilmar&rsquo s 2QFY2024 earnings to be &lsquo flat&rsquo sees 2HFY2024 to be &lsquo better&rsquo
 
CGS International (CGSI) analyst Tay Wee Kuang has maintained his &ldquo add&rdquo call on Wilmar International F34 -0.63% amid expectations of flat 2QFY2024 earnings for the group due to stable commodity prices throughout the quarter.
 
&ldquo Wheat, a key ingredient for Wilmar&rsquo s branded rice and noodle under its food products segment, saw prices increase 5.4% q-o-q in 2Q2024,&rdquo notes the analyst in his July 12 note. 
 
Despite this, Tay believes that the continued recovery of consumption in China and India will result in better sales volume which could offset cost pressures. 
 
For Wilmar&rsquo s feed and industrial products, while soybean crush margins in China turned negative since the middle of June, the average margin of RMB139.8 ($25.83) per metric tonne in 2Q2024 was an improvement from negative RMB287.4 per metric tonne in 1Q2024, writes the analyst. 
 
&ldquo Furthermore, the mend in pork prices could support better demand for soybean meal, a key product of soybean crushing and feed ingredient for animal feed, going into 2HFY2024,&rdquo he adds. 
 
In the case of Wilmar&rsquo s sugar milling operations, Tay notes that crude palm oil (CPO) prices have remained relatively stable, while easing sugar prices, which decreased by 13.3% q-o-q, reflect some weakness in the segment for 2QFY2024. 
 
That said, Wilmar&rsquo s share price is likely to be weighed down in the near term due to the recent spate of negative news and coupled with the lack of catalysts.
 
On July 10, several media outlets, including Bloomberg, alleged that several major Chinese companies had compromised food safety standards by transporting cooking oil with fuel tankers without prior washing and disinfecting. The scandal was exposed by China&rsquo s state-run newspaper, Beijing News. 
 
Following the news, Wilmar&rsquo s 89.99%-owned Chinese subsidiary, Yihai Kerry Arawana, saw its share price dip by as much as 8.2%, on July 10. Yihai Kerry Arawana owns Arawana, the largest cooking oil brand by the volume of sales in China. The dip in share price was likely by association, notes Tay.
 
Yihai Kerry Arawana has since asserted to a Shanghai-based media outlet, The Paper, that it was not involved in the incident. The incident comes on the back of an alleged fraud by one of Yihai Kerry Arawana&rsquo s China units in January this year. Wilmar also faced concerns over strikes in its Australian sugar mills in June.
 
To this end, Tay has kept his target price unchanged at $3.94, pegged to 11 times FY2025 P/E, at Wilmar&rsquo s five-year mean. The analyst sees a potential re-rating in Wilmar&rsquo s share price as he sees a better outlook for the 2HFY2024.
 
&ldquo Wilmar is currently trading at 8.7 times FY2025 P/E after [a] 12.2% share price decline year-to-date (ytd), representing a 33% discount to peers. Its dividend payout of 17 cents for FY2024, based on our estimates, translates into an attractive yield of 5.5%,&rdquo says Tay.
 
Re-rating catalysts identified by Tay include inventory restocking in China supporting sales of its food products, potential interest rate cuts in 2HFY24 translating into lower finance costs and a spike in crude palm oil prices which supports merchandising profitability. 
 
However, adverse weather conditions affecting harvest across its palm and sugar plantations in 2HFY2024, and down-trading of consumption in China and India resulting in margin compression are downside risks. 
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Luckygal
Member |
12-Jul-2024 12:03
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From May to now, companies related to Mr Kuok has bought more than 11million Wilmar shares, bringing his direct and deemed interest from 14.01% to 14.16%.  Wilmar reporting results on 13 Aug.  Looking forward to it.  DYODD |
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Boatman
Master |
12-Jul-2024 10:07
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everyone rising liao haha | ||||
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Boatman
Master |
12-Jul-2024 09:59
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market want up! chiong la | ||||
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FATABA
Supreme |
12-Jul-2024 09:46
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LOL this news is from BB ......they can load low .  Today it is up .    DYODD
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Boatman
Master |
12-Jul-2024 09:42
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strong rally coming! | ||||
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Secret_Squirrel
Elite |
11-Jul-2024 22:12
Yells: "Stay curious but skeptical" |
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罐 車 混 裝 不 清 洗 , 源 自 於 「 毒 大 米 心 理 」 【 遠 見 快 評 】 2024.7.9 精 華 選 段 (youtube.com) 罐 車 混 裝 食 用 油 「 投 毒 」 長 達 20年 ! 追 蹤 GPS挖 出 猛 料 : 陝 西 特 供 企 業 中 招 ! 美 國 如 何 運 送 食 用 油 ? 一 比 嚇 一 跳 | 遠 見 快 評 唐 靖 遠 | 2024.07.09 (youtube.com) |
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katak88
Master |
11-Jul-2024 16:24
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金 龙 鱼 回 应 罐 车 运 输 风 波 : 装 运 前 进 行 了 清 罐 验 罐2024年 7月 10日 09:04 AM
  卷 入 &ldquo 罐 车 运 输 乱 象 &rdquo 事 件 的 金 龙 鱼 食 品 公 司 星 期 三 ( 7月 10日 ) 就 交 叉 运 输 罐 车 到 过 旗 下 工 厂 的 货 车 轨 迹 作 出 回 应 : 到 武 汉 工 厂 系 该 车 注 册 后 首 次 运 输 , 陕 西 工 厂 进 行 了 清 罐 验 罐 。 根 据 澎 湃 新 闻 报 道 , 金 龙 鱼 回 应 说 , 涉 武 汉 工 厂 行 程 为 该 车 注 册 后 第 一 次 运 输 , 即 装 运 时 为 新 车 状 态 ; 涉 陕 西 工 厂 行 程 , 装 运 前 , 装 载 工 厂 按 照 相 关 制 度 要 求 , 核 验 了 其 罐 身 的 食 用 油 标 识 及 前 载 的 书 面 盖 章 证 明 件 , 并 进 行 了 清 罐 、 验 罐 , 检 验 合 格 后 方 进 行 了 油 料 装 载 , 施 铅 封 后 发 运 ; 油 品 到 厂 后 , 收 货 工 厂 验 证 铅 封 , 并 进 行 了 国 家 标 准 规 定 的 食 品 安 全 、 质 量 各 指 标 检 测 , 产 品 品 质 检 测 结 果 均 符 合 国 家 有 关 要 求 。 从 装 车 到 卸 车 , 形 成 了 完 整 闭 环 , 产 品 指 标 完 全 符 合 国 家 标 准 , 企 业 充 分 履 行 了 监 管 责 任 。 金 龙 鱼 称 , 就 近 期 出 现 的 散 装 食 用 油 运 输 安 全 问 题 的 报 道 , 集 团 内 组 织 了 全 面 自 查 , 自 查 结 果 显 示 : 集 团 下 属 各 企 业 在 散 装 食 用 油 安 全 运 输 中 均 履 行 了 监 管 责 任 , 对 运 输 车 辆 的 专 用 资 质 、 前 续 装 载 、 油 罐 清 洗 、 油 罐 检 查 等 要 求 均 进 行 了 严 格 落 实 。 有 博 主 星 期 二 ( 9日 ) 发 布 视 频 称 , 根 据 行 车 轨 迹 , 核 查 涉 事 车 辆 曾 送 过 货 的 食 用 油 企 业 , 发 现 涉 事 车 辆 &ldquo 6月 4日 在 陕 西 咸 阳 咸 兴 路 的 金 龙 鱼 工 厂 卸 货 &rdquo , 金 龙 鱼 因 此 卷 入 &ldquo 罐 车 运 输 乱 象 &rdquo 事 件 , 并 登 上 微 博 热 搜 。 上 述 视 频 博 主 称 , 根 据 此 前 记 者 抓 拍 到 的 罐 车 过 秤 的 电 子 显 示 屏 显 示 的 车 牌 号 , 追 踪 这 辆 曝 光 车 牌 号 的 罐 车 的 行 车 轨 迹 发 现 , 6月 1日 , 涉 事 车 辆 在 中 纺 粮 油 (东 莞 )有 限 公 司 装 车 , 之 后 一 路 向 北 , 6月 4日 在 陕 西 咸 阳 咸 兴 路 的 金 龙 鱼 工 厂 卸 货 。
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katak88
Master |
11-Jul-2024 16:16
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Yihai Kerry Arawana Holdings responds to truck trajectory: the vehicle was in a new state when it was loaded at the Wuhan factory.Jul 10 07:54
On July 10th, according to Yicai, Jinlongyu responded to the issue of truck trajectory in the report released by the self-media. Jinlongyu stated that the vehicle had unloaded at the group' s factories in Wuhan and Shaanxi, and made the following special statement: 1. The journey to the Wuhan factory was the first transportation of the vehicle after registration, and it was in a new car state when shipped 2. On the journey to the Shaanxi factory, before loading, the loading factory verified the edible oil label and front seal certificate of the tank body in accordance with relevant regulations, and conducted tank cleaning and testing before loading the oil, which was sealed with lead and shipped after confirmation 3. After the oil products arrived at the factory, the receiving factory verified the lead seal, and conducted food safety and quality indicators testing according to national standards. The product quality testing results all meet the national requirements. 4. From loading to unloading, a complete closed loop was formed, and the product indicators fully comply with the national standards. The company has fully fulfilled its regulatory responsibilities.  
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katak88
Master |
11-Jul-2024 16:11
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Yihai Kerry Arawana Food hits record low after food safty report on cooking oilJul 10, 2024 at 5:28 am GMT ** Shares of Chinese edible oil and kitchen food producer Yihai Kerry Arawana Food Group  300999.SZ  drop 8.2% to 25 yuan, lowest since debut in October 2020 ** Stock on track for the biggest one-day pct decline since Aug 14, 2023 if trend holds ** In a  response to reports  over food safety issues concerning cooking oil transportation, co said its own inspection showed it had " fully fulfilled" supervisory responsibilities and transport vehicles were subject to strict checking and inspection procedures **  Chinese authority had said  on Tuesday that it had set up a team to investigate the chaos relating to edible oil tankers transportation and will severely punish those who violated rules ** The food and beverage index  .CSI000807  gains 0.1% while the Shanghai Composite Index  .SSEC  eases 0.5% and the blue-chip CSI 300 Index  .CSI300  slips 0.1%% ** Stock down 21.9% YTD
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crazy_fave
Senior |
10-Jul-2024 13:34
Yells: "crazy_fave" |
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If its market price dropped to that level, it would be an extra bonus. | ||||
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halleluyah
Supreme |
10-Jul-2024 09:08
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best is 2.80 to hoot big.....dyodd
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investshare
Supreme |
10-Jul-2024 09:05
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You go search 金 龙 鱼 , which is Wilmar subsidiary.
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vivacious
Supreme |
10-Jul-2024 08:23
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below $3 can consider | ||||
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investshare
Supreme |
09-Jul-2024 20:56
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ALERT
Brewing In China social media now, Beijing has set up a high-level team to investigate food transport standards, after a report in state-backed media said companies were using fuel trucks to carry cooking oil. The Beijing News published a report last week alleging that the same tanker trucks were being used to transport both cooking oil and |
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