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Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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actan99
Master |
10-May-2023 09:27
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Big buyback  by management  under $4.  Last few months, at this price, they also did alot of sharebuy backs!  Hope they continue to do share buybacks  now !  |
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actan99
Master |
03-May-2023 10:21
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Doh ...    jiak kosong prata liao ...  | ||||
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geographic
Member |
29-Apr-2023 17:59
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Yes, the result for the 1st quarter of last year was good.
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ruanlai
Elite |
29-Apr-2023 14:16
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YKA also posted solid results for Q1, huat lar! https://links.sgx.com/FileOpen/2023%2004%2028%20Wilmar%20announcement%20on%20YKA%20Q12023.ashx?App=Announcement& FileID=757368 |
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ruanlai
Elite |
29-Apr-2023 14:12
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Core Net profit US$381m good or not? Above the market expectation, huan lar! https://links.sgx.com/FileOpen/WIL%201Q2023%20Executive%20Financial%20Summary%2028%20April%202023.ashx?App=Announcement& FileID=756988 |
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tedlim
Veteran |
29-Apr-2023 07:31
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Blackout period before results..no share buybacks and insiders cannot buy as well
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Tigerzbeer
Member |
29-Apr-2023 01:11
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Whenever the local article is posting bullish report, just be careful. Most probably they are selling off their positions...  ![]() |
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FA12345
Member |
28-Apr-2023 13:16
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May be because of result announcement, so that stop share buy back for a while.
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actan99
Master |
28-Apr-2023 11:42
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Hi,  btw recently looks like they stopped share buy back already ? Tot they had still alot of firepower left to do sharebuy backs ?  |
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actan99
Master |
28-Apr-2023 11:40
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Yup thanks. bro 
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Ftyeng
Member |
27-Apr-2023 10:42
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If you dont have to get them at the lowest price, then seems okay especially given the fact that there may be another dividend payout coming a few months later. But remember this, there is a saying that in May prices of stocks would plunge so maybe that time price may be better.
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actan99
Master |
27-Apr-2023 10:00
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Wah after EX date, Now dropped to 3.97,    safe to scoop up some at this price ?  |
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Joelton
Supreme |
20-Apr-2023 10:28
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UOB Kay Hian keeps ' buy' on Wilmar ahead of 1QFY2023 results
 
UOB Kay Hian (UOBKH)&rsquo s analysts Leow Huey Chuen and Jacquelyn Yow Hui Li have kept their &ldquo buy&rdquo call on Wilmar International (Wilmar) F34 0.00% at an unchanged target price of $5.50 ahead of the group&rsquo s results for the 1QFY2023 ended March 31. Wilmar is slated to release its results on April 28.
 
&ldquo Our target price is derived using the sum-of-the-parts (SOTP) valuation by pegging a FY2023 P/E of 17x for the China operations and a blended 11x P/E for the non-China operations. The fair value of $5.50 translates to a blended FY2023 P/E of 15.3x,&rdquo they say.
 
In their report dated April 18, Leow and Yow are expecting the group&rsquo s core net profit to come in at around US$350 million ($467.6 million) to US$380 million, which makes up about 18% to 20% of their full-year forecast.
 
To them, the earnings will largely be coming from a turnaround in Yihai Kerry Arawana (YKA)&rsquo s sales volumes y-o-y. This is mainly driven by consumption spending to drive the sales volume for consumer packs and sales for medium and bulk segments due to festival demand. YKA is Wilmar&rsquo s Chinese subsidiary. The strong recovery from Wilmar&rsquo s China operations is also behind the analysts&rsquo positive outlook for the group.
 
&ldquo YKA&rsquo s feed and oleochemical segments may not see strong contribution but are at least expected to be profitable,&rdquo they write.
 
The analysts' confidence is further amplified by their visit to YKA&rsquo s central kitchen food park in Hangzhou in late March.
 
&ldquo We were impressed by the very young and knowledgeable team driving the operations, wider-than-expected product range, and fast take-up rate on the rental space. This is the smallest CK and was the first in operations with a capex of approximately US$50 million,&rdquo say the analysts.
 
This central kitchen is also the official caterer for the Asian Games in Hangzhou, which will be held from Sept 28 to Oct 8.
 
According to Wilmar&rsquo s recent annual general meeting (AGM) response, the central kitchen food parks generate their revenue from multiple sources, such as their own central kitchens, rental income from tenants, sale of their products to tenants and provision of services.
 
The turnaround in YKA&rsquo s contribution may offset the lower demand from Wilmar&rsquo s tropical oils segment, the analysts suggest.
 
Despite the weak demand, Wilmar&rsquo s tropical oils performance in 1QFY2023 may still outperform its peers despite sharp margin compressions, say the analysts.
 
&ldquo Based on our channel checks, most downstream players were complaining about marginal profit or even losses in 1QFY2023 for their downstream operations due to weak demand while
crude palm oil (CPO) price remains relatively firm in 1QFY2023 due to a shortage of supply,&rdquo they say.
 
Although Wilmar&rsquo s refining margin may not have higher profit margins with the absence of market volatility, the analysts think that the segment may still report a relatively healthy margin in 1QFY2023 with its integrated model, economies of scale and better timing when securing its feedstock.
 
Finally, the analysts expect some profit contribution from Wilmar&rsquo s sugar milling segment with the harvesting season delayed to January.
 
While sugar milling does not usually contribute to the first half of profits as milling season starts in the second quarter of the year, high rainfall in Queensland has delayed harvesting which caused some of the milling profits to carry over to 1QFY2023.
 
&ldquo This compensated for the weaker contributions from palm oil, while sugar merchandising continues to benefit from a larger white sugar premium,&rdquo say the analysts.
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CheeryVGoh
Supreme |
18-Apr-2023 14:39
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UOB KH  Wilmar International (WIL SP) Contributions From YKA Compensates Weakness From Tropical Oils We estimate Wilmar&rsquo s 1Q23 core net profit at US$350m-380m (1Q22: US$328m). 1Q23 earnings will be largely coming from a YKA turnaround and higher contributions from sugar, well compensating the weakness from tropical oils. Recall that in 1Q22, YKA suffered from severe margin compression and contributed only 6% of Wilmar&rsquo s PBT. YKA should be able to deliver a better 1Q23 performance with slightly better margins and higher sales volume yoy. Maintain BUY. Target price: S$5.50. WHAT&rsquo S NEW &bull 1Q23 results preview. Wilmar International (Wilmar) is scheduled to release its 1Q23 result on 28 Apr 23. We expect 1Q23 profit at US$350m-380m (1Q22: US$328m, 4Q22: US$467.6m), making up about 18-20% of our full-year forecast. The better yoy performance is driven largely by Yihai Kerry Arawana (300999 CN) (YKA), while the qoq weakness is largely due to lower contribution from tropical oils. &bull Tropical oils performance still relatively better than industry.  |
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des_khor
Supreme |
17-Apr-2023 23:36
![]() Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Touched support around 406 and bounced back ! | ||||
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TradeExpert
Veteran |
13-Apr-2023 10:01
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If it' s true that there are fears of global sugar shortages, it is beneficial to WIlmar. Lolxx Prices goes up, more profitability.  https://www.facebook.com/watch/?v=771287680259270
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tedlim
Veteran |
12-Apr-2023 20:08
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Fears of global sugar shortage drive prices to decade highWED, APR 12, 2023 - 07:31 PM
 
SUGAR climbed again in New York, hitting the highest in a decade on persistent worries about tight global supplies.
Raw sugar rose as much as 1.9 per cent, before trimming some of the gain. Futures have surged lately on prospects for limited exports out of India and concerns about production in other key growers, with Wilmar International Ltd. expecting a deficit for this season. The market has also been driven higher by a lack of deliverable sugar ahead of the expiry of the May white-sugar contract on Friday (Apr 14). Large open interest signals that some traders without physical supplies may need to close out short positions, supporting prices. The recent rally &ndash which threatens to add to costs for manufacturers of everything from fizzy drinks to baked goods and maintain pressure on global food inflation &ndash has also pushed futures markets into overbought territory.
China is among countries to lower the supply outlook, with the government this week slightly reducing its production estimate for 2022-23 to 9 million tons. Cuts for key growers means the season will end with a world shortage, according to Wilmar&rsquo s head of analysis, Karim Salamon. &ldquo Next year&rsquo s crop will probably not be better,&rdquo he said. &ldquo The cane and beet acreage is likely to fall in most areas due to the effects of crop competition.&rdquo For example, some Thai farmers are likely to plant more cassava, while French plantings will drop due to concerns over a crop virus following a ban on neonicotinoid pesticides, Salamon said.One of the key drivers of the rally has been expectation that India won&rsquo t allow additional exports in the season that ends in September. With lackluster supplies from Europe and nations including Pakistan and Thailand, that has left traders looking to a bumper crop in top exporter Brazil to ease the global tightness. Still, Brazil&rsquo s stockpiles are very low and a late start to harvesting due to heavy rain has limited sugar production, Salamon said. Even if mills there can speed up cane crushing, transporting sugar to ports and shipping &ldquo will be a very tricky issue,&rdquo he said. Raw sugar was up 0.6 per cent at 23.82 cents a pound in New York, and has advanced 19 per cent this year. Its gains have pushed the 14-day relative-strength index above 70, a signal to some that the market may have risen too fast. White sugar was little changed near the highest since 2011 in London. May white-sugar futures expire at the end of this week, and the number of contracts to be closed &ndash known as the open interest &ndash points to a delivery of more than 500,000 tons. In other soft commodities, arabica coffee fell 0.4 per cent and cocoa steadied in New York. BLOOMBERG |
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tedlim
Veteran |
12-Apr-2023 18:45
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Wilmar another beneficiary as well..https://www.wilmar-international.com/our-businesses/feed-and-industrial-products/sugar
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TradeExpert
Veteran |
12-Apr-2023 10:58
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Looks like today will hover between $4.14 to $4.18. If able to clear $4.22, it will cheong liao.... | ||||
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TradeExpert
Veteran |
10-Apr-2023 14:29
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Strong Support and Resistance today at $4.15.  Looks like some shortists trying their luck at $4.17. Lolx.  |
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