Wilmar Intl    Last:3.54    +0.04

Wilmar

Somebody' s accumulating at $3.85 just 2 days ago.
No need do anything else- just follow , you will never lose.!!


The following companies, which Mr Kuok Khoon Hong is deemed interested in,
have acquired a total of 311,000 shares in Wilmar International Limited (" Wilmar" ),
in the name of a bank nominee via market transactions:
(a) Longhlin Asia Limited - 155,500 shares at S$3.850 per share and
(b) Jaygar Holdings Limited - 155,500 shares at S$3.850 per share.

 

And you believe this crap article? Usually when such article is shown, the opposite happens. Just my observation :rolleyes:

Joelton      ( Date: 04-May-2023 13:37) Posted: Analysts trim their target prices on Wilmar following 1QFY2023 earnings RHB Bank Singapore has maintained its " buy" call on Wilmar International as it believes the stock remains " undervalued" .   However, along with a slightly reduced earnings assumption, the target price has been trimmed from $4.65 to $4.40.   The agri-food giant' s recent 1QFY2023 earnings were " slightly below" RHB' s expectations, at just 20% of its earnings projected for the current FY2023, because of lower palm oil prices and processing margins.   A slower-than-expected pickup in demand in China, despite the lockdowns having ended, contributed to the missed expectations too.   &ldquo In addition, with commodity prices continuing to trend southwards, customers are adopting a wait-and-see attitude before restocking while expecting average selling prices to come off. We have reduced our medium pack and bulk volume assumptions accordingly,&rdquo says RHB.   RHB expects the current 2QFY2023 to be better in terms of sales volumes for food products and crushing, while margins could strengthen in the second half of the year once Wilmar runs down its high-priced inventory.   RHB points out that the combined value of Wilmar&rsquo s China-listed subsidiary Yihai-Kerry, plus India-based joint venture, Adani Wilmar, is almost double that of Wilmar&rsquo s own market cap.   Wilmar trades at just 10.5x FY2023 earnings, versus the 20-40x that its China-listed peers can fetch.   CGS-CIMB analysts, in their May 3 note, have similarly cut their target price from $4.82 to $4.63.   CGS-CIMB' s Tay Wee Kuang and Lim Siew Khee have cut their earnings estimate for the current and coming FY2023 and FY2024 by 9.7% and 5.1% respectively, citing margin pressure on plantations and the feed and industrial segment.   In addition, they have also taken into account the slower-than-expected recovery in China&rsquo s economy following reopening as reflected in the lower share price of its subsidiary Yihai Kerry   Their revised target price implies FY2024 earnings estimate of 11.7x slightly lower than its 10-year historical average of 12.2x.   A re-rating catalyst is a recovery in key commodity prices downside risks include an economic downturn and persistently weak refining and crushing margins, note Tay and Lim.   UOB Kay Hian offers a somewhat take from the other brokerages.   It has maintained its &ldquo buy&rdquo call and $5.50 target price on the stock, after leaving the 1QFY2023 result briefing with a few &ldquo positive surprises&rdquo with the management &ldquo more upbeat than our expectation&rdquo .   Citing the guidance provided by Wilmar&rsquo s management, UOB Kay Hian believes that the current 2QFY2023 may turn out to be another &ldquo exceptional quarter&rdquo where core earnings will at least match the US$382 million reported for the preceding 1QFY2023.   UOB Kay Hian, in its May 3 note, has kept its earnings forecast for the current FY2023 to FY2025 at US$1.9 billion, US$2.2 billion and US$2.4 billion respectively.   The $5.50 target price is derived from a sum of the parts valuation methodology that is pegged to 17x FY2023 earnings for Wilmar&rsquo s China operations, and a blended 11x multiple for the non-China businesses.   &ldquo Despite lower yoy earnings expectations for 2023, we still recommend &lsquo buy&rsquo for Wilmar as the strong recovery of its China operations will compensate the weakness in tropical oils,&rdquo says UOB Kay Hian.

 

 

 

 

Billionaire will likely appear at Stock Market...hahaha..have a good Friday everyone!

 

yup...I saw Kuok...at the wet market :)

Joelton      ( Date: 16-Mar-2023 09:15) Posted: Kuok of Wilmar and Lim of CSE Global raise respective stakes   Kuok in the market again   Kuok Khoon Hong, Wilmar International&rsquo s CEO, continued increasing his stake in the company. On March 10, via an entity called HPRY Holdings, Kuok acquired one million shares at $3.93 each on the open market. This brings his total interest in Wilmar to over 823.1 million shares, equivalent to 13.19%, up from 13.17% previously.   A day earlier, on March 9, Kuok had also acquired one million shares at $3.94 each.   Earlier, Kuok had also made acquisitions on several days in late February, after Wilmar reported its most recent earnings.   In FY2022 ended Dec 31, 2022, Wilmar reported record earnings of US$2.4 billion, 27.1% higher than FY2021. Revenue in the same period was US$73.4 billion, up 11.6% from FY2021. The company plans to pay a final dividend of 11 cents, which will bring its total FY2022 payout to an all-time high of 17 cents.   In his earnings commentary, Kuok calls FY2022 an &ldquo exceptional&rdquo year where the company enjoyed higher prices of the commodities it sells. While he warns that the current FY2023 will be &ldquo challenging&rdquo as both plantation profits and processing margins will come under pressure, the company expects its business in China to &ldquo perform better&rdquo after the country ended its pandemic-related curbs.   CSE Global   Lim Boon Kheng, group managing director cum CEO of CSE Global, saw his stake in the company rise. On March 9, Lim, via his nominee accounts, acquired 171,600 shares at $59,202 or 34.5 cents each on the open market. The following day, he acquired another 693,000 shares for $239,085, also at 34.5 cents each. Lim has a deemed interest of 14.27 million shares or 2.321% and a direct interest of 2.41 million shares. This brings his total interest to 16.7 million shares or 2.713% after the transactions.   Before the acquisitions, the most recent buying by a CSE Global director was on Dec 22, when non-executive chairman Lim Ming Seong acquired 320,000 shares on the open market for $108,800, or 34 cents each, bringing his total interest, consisting of his own shares and some held by his wife to 4.79 million shares or 0.778%, up from 0.726% previously.   On Feb 27, CSE Global reported that revenue in FY2022 ended Dec 31, 2022 increased by 19% over FY2021 to $557.7 million, thanks to growth in infrastructure project revenues in Australia and the Americas.   However, earnings for FY2022 fell 68.2% to $4.8 million from FY2021 as the company suffered from lower margins from higher project execution costs and cost overruns due to supply chain disruptions. In addition, CSE Global restructured a business division in the US, booking one-off costs of $1.3 million.   The company plans to pay a final dividend of 1.5 cents.   To seek out new growth, CSE Global recently announced the acquisition of Radio One, a US-based radio communication group for US$11 million ($14.4 million). This is the second such acquisition in two months following the group&rsquo s acquisition of a group of wireless communications businesses for NZ$25 million ($21.3 million).   The deal was given the thumbs up by UOB Kay Hian&rsquo s analysts John Cheong and Heidi Mo, who described the acquisitions as &ldquo highly accretive&rdquo , raising their target price by 22% to 45 cents from 37 cents previously. The target price is pegged to 14 times earnings estimated for the current FY2023.   &ldquo Looking ahead, we will be laser-focused on integrating our latest acquisitions and executing backlog orders while closely monitoring our costs,&rdquo says Lim in the earnings commentary.   As at Dec 2022, CSE Global&rsquo s order book was $480.1 million.

 

Must breaak 4.12 resistance to have chance to fight, otherwise its not feasible...

 

 

yah..that' s ai lai leow...have not lai leow...but sometimes bo lai leow..

actan99      ( Date: 15-Mar-2023 10:04) Posted: Got up abit    lol  tongphlp      ( Date: 13-Mar-2023 08:50) Posted: si mi lai leow..

 

Got up abit    lol 

tongphlp      ( Date: 13-Mar-2023 08:50) Posted: si mi lai leow... actan99      ( Date: 01-Mar-2023 12:40) Posted: Lai liao

 

 

Don' t listen to those crap analysts. It' s always that they call a BUY and the insider unload the position 

tongphlp      ( Date: 13-Mar-2023 13:13) Posted: funny .....analysts call for buy but price remains depressed..... something not right.. CheeryVGoh      ( Date: 13-Mar-2023 13:11) Posted: ' Buy' Wilmar and Golden Agri on better performance in lower CPO price environment: RHB Khairani Afifi NoordinMon, Mar 13, 2023      RHB expects a q-o-q decline in sector earnings in 1QFY2023 due to lower CPO ASPs and lower production in the off-peak season. Photo: Bloomberg   RHB Group Research analysts Hoe Lee Leng and Syahril Hanafiah have maintained & ldquo neutral& rdquo on the plantation sector, continuing to advocate integrated players such as Wilmar International    F34  0.51%      and Golden Agri-Resources    E5H  -3.51%      as they perform better in a lower crude palm oil (CPO) environment. Hoe and Syahril note that Malaysia& rsquo s palm oil inventory dropped 6.6% m-o-m in February due to the low output season coupled with floods experienced in key states. They expect palm oil stock levels to continue declining in March as a result of low production as well as rising festive demand. " As for sector earnings, we expect a q-o-q decline in 1QFY2023, on the back of lower CPO average selling prices (ASPs) and lower production in the off-peak season," they add. The analysts highlight that they are making no changes to their CPO price assumptions of RM3,900 and RM3,500 for 2023 and 2024. In an earlier report, RHB notes that most speakers at the 2023 annual Palm & Laurics Outlook Conference & Exhibition declined to give average price forecasts for the year. Of those who did give price forecasts, the analysts saw a trend of either relatively neutral or more bullish price projects and nothing in between. Three speakers gave neutral to slightly bearish price projections ranging from RM3,760 to RM4,200 per tonne, while three others gave more bullish price projections of between RM4,000 to RM5,300 per tonne. RHB saw mixed earnings for the 4QFY2022 reporting season, with six planters in its coverage within the region booking above-expectations earnings, while give were in line and two came in below. The pure Indonesian planters saw earnings which were mostly above expectations, due to the benefit of the tax-free levy period which distorted ASPs during the period.   Hoe and Syahril saw an average 4.1% output growth for planters in Malaysia in 4QFY2022. Most planters expect a recovery in output this year, ranging from mid-single digit to low double digits on the back of an improved labour workforce. The labour shortages are expected to be fully-resolved by 1HFY2023. Meanwhile, in Indonesia, the analysts saw an average 12% y-o-y output growth. They note that The Association of Indonesian Palm Oil Producers' official 4QFY2022 numbers differed slightly with an 11.4% y-o-y increase, bringing FY2022 CPO growth to -0.1% YoY. For 2023, Indonesian planters are expecting a small single-digit recovery in production output, the analysts add. RHB continues to see decently high margins for players in Malaysia in 4QFY2022, albeit lower q-o-q due to the tax advantage during the Indonesian tax levy holiday. That said, margin for Indonesia& rsquo s downstream players remained weak in 4QFY2022. With the reinstatement of the tax levy mid-November 2022, there should be a reverse happening in 1QFY2023, the analysts note. RHB has " buy" calls on Wilmar and Golden Agri with target prices of $4.65 and 34 cents respectively. As at 11.01am, shares in Wilmar and Golden Agri are trading at $3.96 and 27.5 cents respectively.

 

down due to banks being shot down...

Ftyeng      ( Date: 13-Mar-2023 14:07) Posted: There is something known as market sentiment (STI has been down). Also I believe high interest rates (guaranteed rates) offered by banks has something to do with it too.   tongphlp      ( Date: 13-Mar-2023 13:13) Posted: funny .....analysts call for buy but price remains depressed..... something not right.

 

There is something known as market sentiment (STI has been down).

Also I believe high interest rates (guaranteed rates) offered by banks has something to do with it too.
 

tongphlp      ( Date: 13-Mar-2023 13:13) Posted: funny .....analysts call for buy but price remains depressed..... something not right.. CheeryVGoh      ( Date: 13-Mar-2023 13:11) Posted: ' Buy' Wilmar and Golden Agri on better performance in lower CPO price environment: RHB Khairani Afifi NoordinMon, Mar 13, 2023      RHB expects a q-o-q decline in sector earnings in 1QFY2023 due to lower CPO ASPs and lower production in the off-peak season. Photo: Bloomberg   RHB Group Research analysts Hoe Lee Leng and Syahril Hanafiah have maintained & ldquo neutral& rdquo on the plantation sector, continuing to advocate integrated players such as Wilmar International    F34  0.51%      and Golden Agri-Resources    E5H  -3.51%      as they perform better in a lower crude palm oil (CPO) environment. Hoe and Syahril note that Malaysia& rsquo s palm oil inventory dropped 6.6% m-o-m in February due to the low output season coupled with floods experienced in key states. They expect palm oil stock levels to continue declining in March as a result of low production as well as rising festive demand. " As for sector earnings, we expect a q-o-q decline in 1QFY2023, on the back of lower CPO average selling prices (ASPs) and lower production in the off-peak season," they add. The analysts highlight that they are making no changes to their CPO price assumptions of RM3,900 and RM3,500 for 2023 and 2024. In an earlier report, RHB notes that most speakers at the 2023 annual Palm & Laurics Outlook Conference & Exhibition declined to give average price forecasts for the year. Of those who did give price forecasts, the analysts saw a trend of either relatively neutral or more bullish price projects and nothing in between. Three speakers gave neutral to slightly bearish price projections ranging from RM3,760 to RM4,200 per tonne, while three others gave more bullish price projections of between RM4,000 to RM5,300 per tonne. RHB saw mixed earnings for the 4QFY2022 reporting season, with six planters in its coverage within the region booking above-expectations earnings, while give were in line and two came in below. The pure Indonesian planters saw earnings which were mostly above expectations, due to the benefit of the tax-free levy period which distorted ASPs during the period.   Hoe and Syahril saw an average 4.1% output growth for planters in Malaysia in 4QFY2022. Most planters expect a recovery in output this year, ranging from mid-single digit to low double digits on the back of an improved labour workforce. The labour shortages are expected to be fully-resolved by 1HFY2023. Meanwhile, in Indonesia, the analysts saw an average 12% y-o-y output growth. They note that The Association of Indonesian Palm Oil Producers' official 4QFY2022 numbers differed slightly with an 11.4% y-o-y increase, bringing FY2022 CPO growth to -0.1% YoY. For 2023, Indonesian planters are expecting a small single-digit recovery in production output, the analysts add. RHB continues to see decently high margins for players in Malaysia in 4QFY2022, albeit lower q-o-q due to the tax advantage during the Indonesian tax levy holiday. That said, margin for Indonesia& rsquo s downstream players remained weak in 4QFY2022. With the reinstatement of the tax levy mid-November 2022, there should be a reverse happening in 1QFY2023, the analysts note. RHB has " buy" calls on Wilmar and Golden Agri with target prices of $4.65 and 34 cents respectively. As at 11.01am, shares in Wilmar and Golden Agri are trading at $3.96 and 27.5 cents respectively.

 

haha..yah...but still a long way to go to hit 4.65...

CheeryVGoh      ( Date: 13-Mar-2023 13:39) Posted: At least up a bit. tongphlp      ( Date: 13-Mar-2023 13:13) Posted: funny .....analysts call for buy but price remains depressed..... something not right.

 

At least up a bit.

tongphlp      ( Date: 13-Mar-2023 13:13) Posted: funny .....analysts call for buy but price remains depressed..... something not right.. CheeryVGoh      ( Date: 13-Mar-2023 13:11) Posted: ' Buy' Wilmar and Golden Agri on better performance in lower CPO price environment: RHB Khairani Afifi NoordinMon, Mar 13, 2023      RHB expects a q-o-q decline in sector earnings in 1QFY2023 due to lower CPO ASPs and lower production in the off-peak season. Photo: Bloomberg   RHB Group Research analysts Hoe Lee Leng and Syahril Hanafiah have maintained & ldquo neutral& rdquo on the plantation sector, continuing to advocate integrated players such as Wilmar International    F34  0.51%      and Golden Agri-Resources    E5H  -3.51%      as they perform better in a lower crude palm oil (CPO) environment. Hoe and Syahril note that Malaysia& rsquo s palm oil inventory dropped 6.6% m-o-m in February due to the low output season coupled with floods experienced in key states. They expect palm oil stock levels to continue declining in March as a result of low production as well as rising festive demand. " As for sector earnings, we expect a q-o-q decline in 1QFY2023, on the back of lower CPO average selling prices (ASPs) and lower production in the off-peak season," they add. The analysts highlight that they are making no changes to their CPO price assumptions of RM3,900 and RM3,500 for 2023 and 2024. In an earlier report, RHB notes that most speakers at the 2023 annual Palm & Laurics Outlook Conference & Exhibition declined to give average price forecasts for the year. Of those who did give price forecasts, the analysts saw a trend of either relatively neutral or more bullish price projects and nothing in between. Three speakers gave neutral to slightly bearish price projections ranging from RM3,760 to RM4,200 per tonne, while three others gave more bullish price projections of between RM4,000 to RM5,300 per tonne. RHB saw mixed earnings for the 4QFY2022 reporting season, with six planters in its coverage within the region booking above-expectations earnings, while give were in line and two came in below. The pure Indonesian planters saw earnings which were mostly above expectations, due to the benefit of the tax-free levy period which distorted ASPs during the period.   Hoe and Syahril saw an average 4.1% output growth for planters in Malaysia in 4QFY2022. Most planters expect a recovery in output this year, ranging from mid-single digit to low double digits on the back of an improved labour workforce. The labour shortages are expected to be fully-resolved by 1HFY2023. Meanwhile, in Indonesia, the analysts saw an average 12% y-o-y output growth. They note that The Association of Indonesian Palm Oil Producers' official 4QFY2022 numbers differed slightly with an 11.4% y-o-y increase, bringing FY2022 CPO growth to -0.1% YoY. For 2023, Indonesian planters are expecting a small single-digit recovery in production output, the analysts add. RHB continues to see decently high margins for players in Malaysia in 4QFY2022, albeit lower q-o-q due to the tax advantage during the Indonesian tax levy holiday. That said, margin for Indonesia& rsquo s downstream players remained weak in 4QFY2022. With the reinstatement of the tax levy mid-November 2022, there should be a reverse happening in 1QFY2023, the analysts note. RHB has " buy" calls on Wilmar and Golden Agri with target prices of $4.65 and 34 cents respectively. As at 11.01am, shares in Wilmar and Golden Agri are trading at $3.96 and 27.5 cents respectively.

 

funny .....analysts call for buy but price remains depressed.....
something not right..

CheeryVGoh      ( Date: 13-Mar-2023 13:11) Posted: ' Buy' Wilmar and Golden Agri on better performance in lower CPO price environment: RHB Khairani Afifi NoordinMon, Mar 13, 2023      RHB expects a q-o-q decline in sector earnings in 1QFY2023 due to lower CPO ASPs and lower production in the off-peak season. Photo: Bloomberg   RHB Group Research analysts Hoe Lee Leng and Syahril Hanafiah have maintained & ldquo neutral& rdquo on the plantation sector, continuing to advocate integrated players such as Wilmar International    F34  0.51%      and Golden Agri-Resources    E5H  -3.51%      as they perform better in a lower crude palm oil (CPO) environment. Hoe and Syahril note that Malaysia& rsquo s palm oil inventory dropped 6.6% m-o-m in February due to the low output season coupled with floods experienced in key states. They expect palm oil stock levels to continue declining in March as a result of low production as well as rising festive demand. " As for sector earnings, we expect a q-o-q decline in 1QFY2023, on the back of lower CPO average selling prices (ASPs) and lower production in the off-peak season," they add. The analysts highlight that they are making no changes to their CPO price assumptions of RM3,900 and RM3,500 for 2023 and 2024. In an earlier report, RHB notes that most speakers at the 2023 annual Palm & Laurics Outlook Conference & Exhibition declined to give average price forecasts for the year. Of those who did give price forecasts, the analysts saw a trend of either relatively neutral or more bullish price projects and nothing in between. Three speakers gave neutral to slightly bearish price projections ranging from RM3,760 to RM4,200 per tonne, while three others gave more bullish price projections of between RM4,000 to RM5,300 per tonne. RHB saw mixed earnings for the 4QFY2022 reporting season, with six planters in its coverage within the region booking above-expectations earnings, while give were in line and two came in below. The pure Indonesian planters saw earnings which were mostly above expectations, due to the benefit of the tax-free levy period which distorted ASPs during the period.   Hoe and Syahril saw an average 4.1% output growth for planters in Malaysia in 4QFY2022. Most planters expect a recovery in output this year, ranging from mid-single digit to low double digits on the back of an improved labour workforce. The labour shortages are expected to be fully-resolved by 1HFY2023. Meanwhile, in Indonesia, the analysts saw an average 12% y-o-y output growth. They note that The Association of Indonesian Palm Oil Producers' official 4QFY2022 numbers differed slightly with an 11.4% y-o-y increase, bringing FY2022 CPO growth to -0.1% YoY. For 2023, Indonesian planters are expecting a small single-digit recovery in production output, the analysts add. RHB continues to see decently high margins for players in Malaysia in 4QFY2022, albeit lower q-o-q due to the tax advantage during the Indonesian tax levy holiday. That said, margin for Indonesia& rsquo s downstream players remained weak in 4QFY2022. With the reinstatement of the tax levy mid-November 2022, there should be a reverse happening in 1QFY2023, the analysts note. RHB has " buy" calls on Wilmar and Golden Agri with target prices of $4.65 and 34 cents respectively. As at 11.01am, shares in Wilmar and Golden Agri are trading at $3.96 and 27.5 cents respectively.

 

Yesterday go Shangri La hotel eat peaking duck. $98++ for whole duck + 1 duck meat noodles, okay lah reasonable given that hawker center sell whole duck also $40+. Very traditional tasting peaking duck, 赞 。

 

' Buy' Wilmar and Golden Agri on better performance in lower CPO price environment: RHB

Khairani Afifi NoordinMon, Mar 13, 2023 

   
RHB expects a q-o-q decline in sector earnings in 1QFY2023 due to lower CPO ASPs and lower production in the off-peak season. Photo: Bloomberg
 

RHB Group Research analysts Hoe Lee Leng and Syahril Hanafiah have maintained & ldquo neutral& rdquo on the plantation sector, continuing to advocate integrated players such as Wilmar International    F34  0.51%      and Golden Agri-Resources    E5H  -3.51%      as they perform better in a lower crude palm oil (CPO) environment.


Hoe and Syahril note that Malaysia& rsquo s palm oil inventory dropped 6.6% m-o-m in February due to the low output season coupled with floods experienced in key states. They expect palm oil stock levels to continue declining in March as a result of low production as well as rising festive demand.

" As for sector earnings, we expect a q-o-q decline in 1QFY2023, on the back of lower CPO average selling prices (ASPs) and lower production in the off-peak season," they add.

The analysts highlight that they are making no changes to their CPO price assumptions of RM3,900 and RM3,500 for 2023 and 2024. In an earlier report, RHB notes that most speakers at the 2023 annual Palm & Laurics Outlook Conference & Exhibition declined to give average price forecasts for the year.

Of those who did give price forecasts, the analysts saw a trend of either relatively neutral or more bullish price projects and nothing in between. Three speakers gave neutral to slightly bearish price projections ranging from RM3,760 to RM4,200 per tonne, while three others gave more bullish price projections of between RM4,000 to RM5,300 per tonne.

RHB saw mixed earnings for the 4QFY2022 reporting season, with six planters in its coverage within the region booking above-expectations earnings, while give were in line and two came in below. The pure Indonesian planters saw earnings which were mostly above expectations, due to the benefit of the tax-free levy period which distorted ASPs during the period.
 

Hoe and Syahril saw an average 4.1% output growth for planters in Malaysia in 4QFY2022. Most planters expect a recovery in output this year, ranging from mid-single digit to low double digits on the back of an improved labour workforce. The labour shortages are expected to be fully-resolved by 1HFY2023. Meanwhile, in Indonesia, the analysts saw an average 12% y-o-y output growth. They note that The Association of Indonesian Palm Oil Producers' official 4QFY2022 numbers differed slightly with an 11.4% y-o-y increase, bringing FY2022 CPO growth to -0.1% YoY. For 2023, Indonesian planters are expecting a small single-digit recovery in production output, the analysts add. RHB continues to see decently high margins for players in Malaysia in 4QFY2022, albeit lower q-o-q due to the tax advantage during the Indonesian tax levy holiday. That said, margin for Indonesia& rsquo s downstream players remained weak in 4QFY2022. With the reinstatement of the tax levy mid-November 2022, there should be a reverse happening in 1QFY2023, the analysts note. RHB has " buy" calls on Wilmar and Golden Agri with target prices of $4.65 and 34 cents respectively. As at 11.01am, shares in Wilmar and Golden Agri are trading at $3.96 and 27.5 cents respectively.