Wilmar downgraded by Maybank KE on African swine flu disruption
Maybank KimEng downgraded Wilmar to Hold from Buy, pointing to the disruption from an outbreak of African swine flu in China.
Palm oil
Golden Agri reports 2Q19 net loss widens as palm oil prices fall
Golden Agri reported Wednesday its 2Q19 net loss widened to US$64.70M, from a net loss of US$39.02M in the year-ago quarter as palm oil prices dropped.
Wilmar reports 2Q19 net profit dropped 52 percent, missing forecast from UOB KayHian
Wilmar reported Tuesday its 2Q19 net profit dropped 52.3% on-year, partly on lower soybean crush margins and on weaker performance from the sugar division.
Wilmar plans to list 10 percent of YKA on ChiNext
Wilmar said Tuesday it planned to list a 10 % stake in its China operations, Yihai Kerry Arawana, on the ChiNext board of the Shenzhen Stock Exchange.
Kencana Agri warns it expects to report 2Q19 net loss
Kencana Agri warned Friday it expects to report a second quarter net loss, mainly on low crude palm oil prices.
Global Palm Resources warns it expects 2Q19 net loss
Global Palm Resources warned Wednesday it expects to report a net loss for 2Q19, mainly on a drop in the sales volume and prices of crude palm oil.
Indofood Agri reports 2Q19 net loss widened as palm oil prices fell
Indofood Agri reported Wednesday its 2Q19 net loss widened to IDR216.54B from IDR68.60B in the year-ago period on lower selling prices for palm products.
UPDATE: Singapore stocks to watch Friday: ST Engineering, Suntec REIT, Wilmar, MCT, Sunpower
These are Singapore companies which may be in focus on Friday, 26 July 2019: ST Engineering, Wilmar, Mapletree Commercial Trust and Sunpower.
Bumitama Agri issues 700 million ringgit Islamic medium term notes
Bumitama Agri has issued 700 million ringgit of Islamic medium-term notes (IMTN) in two tranches, the palm oil producer said in a filing to SGX Monday.
Singapore share buybacks Friday: Venture, Olam, Straits Trading, Global Palm
These are Singapore companies which announced share buybacks on Friday, 12 July 2019: Venture, Olam, Straits Trading and Global Palm Resources.
Wilmar: China’s securities regulators accept subsidiary YKA’s application for IPO
China securities regulators accepted an application from Wilmar’s 99.99%-owned subsidiary YKA for a proposed Shenzhen IPO, the commodity trader said Friday.
Singapore share buybacks Friday: Olam, Global Palm, KSH, Singapore Shipping
These are Singapore companies which announced share buybacks on Friday, 5 July 2019: Olam International, Global Palm Resources and KSH Holdings.
Wilmar started at Buy by Maybank KE as a shelter against US trade war
“Fighting won’t stop you from eating,” the brokerage said in a note Friday.
UPDATE: Singapore stocks to watch Monday: Banks, CapitaLand, Temasek, Keppel, SIA, Suntec REIT
These are Singapore companies that may be in focus on Monday, 1 July 2019: Banks, Temasek, Singapore Airlines and Hyflux.
UDPATE: Singapore share buybacks Thursday: OCBC, Olam, Stamford Land, KSH, Global Palm, Jardine Strategic
These are Singapore companies which announced share buybacks on Thursday, 27 June 2019: OCBC, Olam, Stamford Land, KSH and Global Palm Resources.
Singapore share buybacks Wednesday: OCBC, Olam, Japfa, Stamford Land, Global Palm
These are Singapore companies which announced share buybacks Wednesday, 26 June 2019: OCBC, Olam, Japfa, Stamford Land and Global Palm Resources.
Takeover bid for Indofood Agri lapses
Indofood Sukses Makmur’s takeover bid for Indofood Agri lapsed Tuesday after failing to get enough shareholder acceptances, the Indonesia-listed company said.
Singapore stocks to watch Tuesday: City Developments, Wilmar, CRCT, Sim Leisure
These are Singapore companies which may be in focus on Tuesday, 25 June 2019: City Developments, Wilmar, CRCT and Sim Leisure.
Singapore share buybacks Monday: OCBC, Olam, Stamford Land, Koufu, Global Palm
These are Singapore companies which announced share buybacks on Monday, 24 June 2019: OCBC, Olam, Stamford Land, Koufu and Global Palm Resources.
Singapore share buybacks Wednesday: OCBC, Olam, Keppel REIT, Global Palm, Stamford Land
These are Singapore companies which announced share buybacks Wednesday, 19 June 2019: OCBC, Olam, Keppel REIT, Stamford Land and Global Palm Resources.
Singapore stocks to watch Wednesday: Fund manager survey, Sembcorp, SGX, CapitaLand, Hyflux
These are Singapore companies which may be in focus Wednesday, 19 June 2019: BofA-ML fund manager survey, Sembcorp Industries, SGX, CapitaLand and Hyflux.
Financial Adviser: Indofood Agri takeover bid ‘not fair but reasonable’
The S$0.3275 a share takeover bid for Indofood Agri is “not fair but reasonable,” the independent financial adviser for recommending directors has said.
UPDATE: Singapore stocks to watch Wednesday: Temasek, Sembcorp, Gallant, OCBC, UOB, OUE
These are Singapore companies which may be in focus on Wednesday, 11 June 2019: Temasek, Sembcorp, Gallant, OUE, China Jinjiang Environment, OCBC and UOB.
Singapore share buybacks Friday: Olam, Raffles Medical, Global Palm Resources
These are Singapore companies which announced share buybacks on Friday, 7 June 2019: Olam International, Raffles Medical and Global Palm Resources.
Wilmar unit enters joint venture deal with Associated British Foods
Wilmar said Monday it entered a deal to form a 50:50 joint venture in China with Associated British Foods for yeast and bakery ingredients.
UPDATE: Singapore stocks to watch Monday: Keppel, CapitaLand, CMT, Genting Singapore, ST Engineering
These are Singapore stocks which may be in focus on Monday, 3 June 2019: Genting Singapore, ST Engineering, OUE, SPH and Perennial.
Wilmar acquires 6 percent effective stake in Pakistan’s Unity Foods
Wilmar has acquired a 5.73 percent economic interest in Pakistan-listed Unity Foods, the agri-business company said in an SGX filing Friday.
UPDATE: Singapore stocks to watch Friday: F&N, ThaiBev, CapitaLand, KIT, ESR, Sabana REIT
These are Singapore companies which may be in focus on Friday, 24 May 2019: Fraser and Neave, Thai Beverage, Keppel Infrastructure Trust and ESR.
