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everyday also share buy back kaw kaw!!!
technically, wilmar formed a dragonfly with long tail. see how tomolo
edwinjup ( Date: 11-Aug-2015 14:00) Posted:
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Its book value is 3.32 and PE aro 11 PE. Wilmar is paying relatively good dividend.
Commodity has really drop much ...and if you see CHINA as bottoming then comodity should be recovering slowly .
Wilmar too has a strong sugar sector and has get into the Africa story.
Happy investing.
pnuklis ( Date: 15-Aug-2015 10:59) Posted:
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might be a good buy below 3
This yuan depre caught many off-guard.
svthrock ( Date: 11-Aug-2015 13:57) Posted:
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Will go below 3 due to lower agriculture commodities price and lack of demand due to china economy not doing well.
Touching the magic number 3.
Wilmar kept at &lsquo overweight&rsquo by Barclays with price target of $3.60
By Benjamin Tan / theedgemarkets.com | August 6, 2015 : 11:43 AM MYT
SINGAPORE (Aug 6): Barclays Capital says Wilmar International&rsquo s 2Q earnings exceeded its expectations, but it expressed disappointment with the sugar merchandising and processing segment, where despite a 37% jump y-o-y in sales volume, revenue growth was only 9.5%.
Barclays cites higher crude palm oil (CPO) prices as a major driver for earnings upside, saying &ldquo this together with better margins in the downstream business and accelerated normalisation of the oilseed business, could increase our base case valuation.&rdquo On the flip side, lower CPO prices and the continued depressed profitability of the oilseed business are key downsides.
The research house also notes that operating cash flow turned positive in 1H15 compared with the previous year, and gearing stayed at a healthy level of 0.77x.
It concludes, &ldquo Wilmar is our best idea in the soft commodity sector given its resilient balance sheet, scale in the midstream and downstream oilseeds business, and well diversified palm oil business.&rdquo
Barclays has an &ldquo overweight&rdquo rating on the stock, with a price target of $3.60.
Wilmar posts 18% rise in 2Q net profit to $279.4 mil
By PC Lee / theedgemarkets.com | August 5, 2015 : 6:11 PM MYT
SINGAPORE (Aug 5): Wilmar International, the agribusiness group, posted an 18% increase in net profit to US$201.8 million ($279.4) for the 2Q ended June.
Wilmar says the higher net profit in the quarter reflected a strong performance from Oilseeds & Grains compared to a year ago. However, Tropical Oils turned in a lower profit due to lower crude palm oil (CPO) prices while Sugar saw weaker performances amidst tougher operating conditions.
Oilseeds & Grains saw pretax profit surge to US$115.9 million from US$41.5 million. The strong growth was driven by improved crushing margins, higher volume crushed and continued robust performance in Consumer Products.
Tropical Oils posted a 15% drop in pretax profit to US$176.0 million in 2Q2015 mainly due to lower CPO prices. Sales volume from Tropical Oils Manufacturing also declined 6% to 5.6 million metric tonnes in 2Q2015.
Revenue for the quarter declined 12% to US$9.28 billion, mainly due to lower commodity prices.
For 1H, net profit came in 33.2% higher at US$443.0 million or 6.9 US cents per share.
The board has proposed an interim dividend 0.25 cents per share, payable on Aug 26, 2015.
&ldquo The Group expects crushing margins in China to remain positive for the rest of the year and for Consumer Products to continue its strong performance. For the second half of 2015, refining margins are expected to be maintained for the Tropical Oils business with increased palm production and demand arising from lower CPO prices, though Plantation and Palm Oil Mill performances will continue to be affected by the softer CPO prices,&rdquo says CEO and Chairman Kuok Khoon Hong in its outlook.
Wilmar rose 0.6% to close at $3.17.
walao..sian. this elephant is not moving again...pui
Wilmar' s Q2 profit up 18.8% on strong demand for oilseeds, grains
AUG 5, 2015 7:39 PM
AGRIBUSINESS group Wilmar International' s net profit for the second quarter ended June 30, 2015, rose 18.8 per cent to US$193.6 million, from US$163.1 million in the year-ago period, on strong demand for oilseeds and grains.
This was despite an 11.7 per cent year-on-year decrease in total revenue from US$105.8 million to US$928.4 million as a result of lower commodity prices.
Oilseeds and grains, including manufacturing and consumer products such as vegetable oil, were the highest performer out of four categories with a year-on-year increase of profit before tax of 179.4 per cent, or US$115.9 million from US$41.4 million. Improved China crushing margins, higher volume crushed and demand for consumer products contributed to the improved margins, the group said.
Chairman and CEO Kuok Khoon Hong expects crushing margins in China to remain positive for the rest of the year and consumer products to maintain their solid performance.
That is neck long. me wait to play range also neck long. Now is the time to do it.
Since 2 moths but I average down a few times
KiLrOy ( Date: 05-Aug-2015 21:53) Posted:
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your wait is alr how many days?
i wait until neck long long liao...if tomolo no rally, i think my neck (not my heart) will break
Octavia ( Date: 05-Aug-2015 17:28) Posted:
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FATABA ( Date: 04-Aug-2015 10:33) Posted:
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Octavia ( Date: 05-Aug-2015 17:28) Posted:
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Dividend XD on 14 Aug 15.
Payable on 26 Aug 15.