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Re: Wilmar 04 (Feb 15 - Dec 17)

PostPosted: Tue Sep 05, 2017 8:28 am
by winston
not vested

Is Wilmar turning into a Willie Wonka with it's latest acquisition?

Source: The Edge

https://www.theedgesingapore.com/wilmar ... 8-87358173

Re: Wilmar 04 (Feb 15 - Dec 17)

PostPosted: Thu Sep 07, 2017 9:24 am
by winston
not vested

Wilmar: Making acquisitions

Wilmar recently announced two acquisitions including a 50% stake in local chocolate and compounds manufacturer, Aalst Chocolate Pte Ltd.

Wilmar’s specialty fats division offers a range of products from chocolate fats to culinary fats.

With this acquisition, Wilmar is able to expand their offerings to bakery products and confectionery manufacturers and the JV will work on expanding the business portfolio of chocolate ingredients in Asia.

No financial details were shared and we do not expect material changes to our estimates for now.

The other acquisition was for a 50% stake in Three-A Qinhuandao Food Industries but no material impact on the group’s financial position is expected.

We anticipate further developments to be made in line with the group’s focus on key markets such as China.

Since the group’s results release, Wilmar’s share price had declined as much as 9% before recovering.

We also note that on 21 Aug, substantial shareholder Archer Daniels Midland increased their stake slightly from 24.3% to 24.9%.

We currently have a HOLD and FV estimate of S$3.68 on the stock.

Source: OCBC

Re: Wilmar 04 (Feb 15 - Dec 17)

PostPosted: Tue Nov 14, 2017 9:02 am
by winston
not vested

3Q17: Robust Results, Thanks To Oilseeds & Grains Division

3Q17 earnings came in within expectations, supported by strong oilseeds & grains performance.

The qoq jump in earnings was mainly due to strong oilseeds & grains sales volume and significant improvement in margins.

However, yoy performance was dragged down by the tropical oils division.

We remain positive on Wilmar’s long-term outlook on the expectation of a strong performance from the oilseeds & grains division.

Maintain BUY. Target price: S$4.10.

Source: UOBKH

https://research.uobkayhian.com/content ... 106d77bcca

Re: Wilmar 04 (Feb 15 - Dec 17)

PostPosted: Tue Nov 14, 2017 9:15 am
by winston
not vested

Wilmar: Steady performance

Wilmar reported a 0.4% YoY rise in revenue to US$11.1b in 3Q17, supported by increased sales from Oilseeds & Grains.

Net profit fell 5.7% YoY to US$370.0m while core net profit decreased 15.9% to US$323.7m in 3Q17.

Results were within expectations; 9M17 revenue and net profit accounted for 74% and 70% of our full year estimates, respectively.

The good performance in Oilseeds & Grains and strong contributions from associates were offset by weaker results in the Tropical Oils and Sugar businesses.

Looking ahead, management expects the good performance in the Oilseeds & Grains segment to continue into 4Q17, with crush margins and volume likely to remain positive.

Performance of the other major business segments is expected to be “satisfactory”.

We tweak our estimates and roll over our valuations to FY18 earnings, and our FV estimate eases from S$3.66 to S$3.51.

Source: OCBC

Re: Wilmar 04 (Feb 15 - Dec 17)

PostPosted: Tue Nov 14, 2017 4:33 pm
by winston
not vested

Kuok's Wilmar pushes China listing to 2019

KUALA LUMPUR: Robert Kuok controlled Wilmar International is now looking to list its China unit on the Shanghai Stock Exchange in the second half of 2019.


Source: The Star

http://www.thestar.com.my/business/busi ... 64lHIvs.99

Re: Wilmar 04 (Feb 15 - Dec 17)

PostPosted: Wed Nov 15, 2017 11:15 am
by winston
not vested

Buy On Weakness; Better Outlook

Wilmar’s share price fell 3.9% after the announcement of its 3Q17 results, in line with our expectation.

This weakness is not justified and the unlocking of its China business through an A-share listing by 2H19 will be a share price catalyst.

The tropical oils and oilseed and grains divisions should see better performances in 4Q17, while the sugar segment’s performance remains weak.

We expect 4Q17 net profit to be better qoq, on track to meet our expectation.

Maintain BUY. Target price: S$4.10.

Source: UOBKH

https://research.uobkayhian.com/content ... ab05737391

Re: Wilmar 04 (Feb 15 - Dec 17)

PostPosted: Thu Nov 16, 2017 8:19 am
by winston
not vested

Steady Performance

Source: The Edge

https://www.theedgesingapore.com/steady ... 2-87358173

Re: Wilmar 04 (Feb 15 - Dec 17)

PostPosted: Mon Dec 04, 2017 9:24 pm
by behappyalways
wilmars-3q-earnings-down-57-us370-mil
https://www.theedgesingapore.com/wilmar ... -us370-mil

Re: Wilmar 04 (Feb 15 - Dec 17)

PostPosted: Tue Jan 16, 2018 10:43 am
by winston
not vested

4Q17 Results Preview: Marginally Better Performance Qoq


We expect Wilmar to report a 4Q17 core profit of US$360m-380m (3Q17: US$323.7m,
4Q16: US$589.5m) and a better qoq performance on higher contribution from the tropical
oils and sugar divisions.

However, we expect weaker yoy results on 4Q16’s high base which was due to an unusually strong contribution from the sugar division and the oilseeds & grains segment’s strong performance (on front-loading due to early-17 Chinese New Year demand).

Maintain BUY. Target price: S$4.10.

Source: UOBKH

https://research.uobkayhian.com/content ... 1d644ed43b

Re: Wilmar 04 (Feb 15 - Dec 18)

PostPosted: Fri Feb 23, 2018 9:59 am
by winston
not vested

Wilmar International:

Earnings for FY17 rose 25.4% YoY to US$1.22bn from US$972.2mn in FY16 while 4Q17 revenue slipped 3.3% YoY to US$ 11.55bn, in line with lower sales volume and lower average selling prices during the quarter.

The board proposed a final dividend of 7 cents per share, bringing total dividend for FY17 to 10 cents per share.

EPS came in at 0.19, beating consensus estimates of 0.17 and the stock currently trades at 11.9x 2018F EPS vs 5-year historical average EPS of 13.0x.

Source: KGI