Wilmar International Limited

Wilmar International is an investment holding company. Co.'s segments include: merchandising and processing, which include palm and laurics, engaged in merchandising and processing of palm oil and laurics related products and oilseeds and grains, engaged in merchandising and processing of a range of edible oils, oilseeds and grains; consumer products engaged in packaging and sales of consumer pack edible oils, rice, flour and grains; plantation and palm oil mills, engaged in oil palm cultivation and milling; sugar, which includes milling engaged in milling of sugarcane; and others engaged in manufacturing and distribution of fertilizer products and ship-chartering services.
  • TickerF34
  • ISINSG1T56930848
  • ExchangeSingapore Exchange
  • SectorFood Producers
  • CountrySingapore

Analysts

UOB
Jacquelyn Yow Hui Li ...
  • Leow Huey Chuen

Plantation - Downside risk if Indonesia restricts movements

FFB production and domestic biodiesel demand would be impacted if Indonesia imposes movement controls. In our earnings sensitivity test, we found that companies will remain profitable at CPO ASP of RM2,400/tonne with 5% lower FFB production and 15% higher cost of production. If ASP goes lower, GGR may be loss-making, while FR is relatively more resilient to CPO price downside risk. Maintain MARKET WEIGHT.

UOB
Carol Dou Xiao Qin ...
  • Eric Wang Zhen
  • Jacquelyn Yow Hui Li
  • Jayson Kong
  • K Ajith
  • Keith Wee Teck Keong
  • Kwanchai Atiphophai
  • Lee Yuk Kei
  • Leow Huey Chuen
  • Malaysia Research Team
  • Michael Cheung Ho Bun
  • Neo Chen Wentao
  • Nick Liu Sunliang
  • Sandra Huang Jieqiong
  • Shaun Tan
  • Stevanus Juanda
  • Tanadech Rungsrithananon
  • Vanness Wong Wan
  • Vincent Khoo Boo Aik
  • Zhifeng Shen
  • Ziv Ang Sze Champ

Regional Morning Notes - Monday, March 30, 2020

GREATER CHINA Results China Resources Cement (1313 HK/BUY/HK$8.79/Target: HK$10.39): 2019: Rock-solid fundamentals; upgrade to BUY. China Shenhua Energy (1088 HK/BUY/HK$14.36/Target: HK$19.02): 2019: Higher dividends for 2019-21; upgrade to BUY. CIFI Holdings (884 HK/BUY/HK$5.40/Target: HK$7.13): 2019: Steady sales growth. CMGE Technology Group (302 HK/BUY/HK$2.74/Target: HK$4.54): 2019: Earnings above estimates; rich gaming pipeline and rosy outlook in 2020. CR Gas (1193 HK/HOLD/HK$41.80/Target: HK$38.50): 2019: Robust results; improving gas sales in March. Industrial and Commercial Bank of ...

UOB
Jacquelyn Yow Hui Li ...
  • Leow Huey Chuen

Wilmar International (WIL SP) - Not spared from COVID-19 outbreak, But business is relatively more stable

Being in the consumer staple industry, Wilmar’s business operation is relatively more stable despite some negative impact on sales and operating costs. We adjust earnings down further to incorporate weaker demand for tropical oil segment in view of the drop in crude oil prices and demand disruption at major consuming markets such as India and Europe. No change to the listing of its China operations, which is expected to receive approval by mid-20. Maintain BUY. Target price: S$4.00.

UOB
Jacquelyn Yow Hui Li ...
  • K Ajith
  • Leow Huey Chuen

Singapore Daily - Monday, March 30, 2020

KEY HIGHLIGHTS Update Singapore Airlines (SIA SP/HOLD/S$6.08/Target: S$5.80): Lender of last resort to the rescue. Wilmar International (WIL SP/BUY/S$3.22/Target: S$4.00): Being in the consumer staple industry, Wilmar’s business operation is relatively more stable despite slower sales and higher operating costs. TRADERS’ CORNER Keppel Corp (KEP SP): Trading Sell Thai Beverage PCL (THBEV SP): Trading Sell

Wilmar International Limited: 1 director bought

A director at Wilmar International Limited bought 686,500 shares at 2.962SGD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. Th...

UOB
Jacquelyn Yow Hui Li ...
  • Leow Huey Chuen

Plantation - Downside risk if Indonesia restricts movements

FFB production and domestic biodiesel demand would be impacted if Indonesia imposes movement controls. In our earnings sensitivity test, we found that companies will remain profitable at CPO ASP of RM2,400/tonne with 5% lower FFB production and 15% higher cost of production. If ASP goes lower, GGR may be loss-making, while FR is relatively more resilient to CPO price downside risk. Maintain MARKET WEIGHT.

UOB
Carol Dou Xiao Qin ...
  • Eric Wang Zhen
  • Jacquelyn Yow Hui Li
  • Jayson Kong
  • K Ajith
  • Keith Wee Teck Keong
  • Kwanchai Atiphophai
  • Lee Yuk Kei
  • Leow Huey Chuen
  • Malaysia Research Team
  • Michael Cheung Ho Bun
  • Neo Chen Wentao
  • Nick Liu Sunliang
  • Sandra Huang Jieqiong
  • Shaun Tan
  • Stevanus Juanda
  • Tanadech Rungsrithananon
  • Vanness Wong Wan
  • Vincent Khoo Boo Aik
  • Zhifeng Shen
  • Ziv Ang Sze Champ

Regional Morning Notes - Monday, March 30, 2020

GREATER CHINA Results China Resources Cement (1313 HK/BUY/HK$8.79/Target: HK$10.39): 2019: Rock-solid fundamentals; upgrade to BUY. China Shenhua Energy (1088 HK/BUY/HK$14.36/Target: HK$19.02): 2019: Higher dividends for 2019-21; upgrade to BUY. CIFI Holdings (884 HK/BUY/HK$5.40/Target: HK$7.13): 2019: Steady sales growth. CMGE Technology Group (302 HK/BUY/HK$2.74/Target: HK$4.54): 2019: Earnings above estimates; rich gaming pipeline and rosy outlook in 2020. CR Gas (1193 HK/HOLD/HK$41.80/Target: HK$38.50): 2019: Robust results; improving gas sales in March. Industrial and Commercial Bank of ...

UOB
Jacquelyn Yow Hui Li ...
  • Leow Huey Chuen

Wilmar International (WIL SP) - Not spared from COVID-19 outbreak, But business is relatively more stable

Being in the consumer staple industry, Wilmar’s business operation is relatively more stable despite some negative impact on sales and operating costs. We adjust earnings down further to incorporate weaker demand for tropical oil segment in view of the drop in crude oil prices and demand disruption at major consuming markets such as India and Europe. No change to the listing of its China operations, which is expected to receive approval by mid-20. Maintain BUY. Target price: S$4.00.

UOB
Jacquelyn Yow Hui Li ...
  • K Ajith
  • Leow Huey Chuen

Singapore Daily - Monday, March 30, 2020

KEY HIGHLIGHTS Update Singapore Airlines (SIA SP/HOLD/S$6.08/Target: S$5.80): Lender of last resort to the rescue. Wilmar International (WIL SP/BUY/S$3.22/Target: S$4.00): Being in the consumer staple industry, Wilmar’s business operation is relatively more stable despite slower sales and higher operating costs. TRADERS’ CORNER Keppel Corp (KEP SP): Trading Sell Thai Beverage PCL (THBEV SP): Trading Sell

Wilmar International Limited: 1 director bought

A director at Wilmar International Limited bought 686,500 shares at 2.962SGD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. Th...

With a more favourable environment, WILMAR INTL.LTD. improves to Slightly Positive

WILMAR INTL.LTD. (SG), a company active in the Food Products industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date March 10, 2020, the closing price was SGD 3.84 and its potential was estimated at SGD 4.50.

Salikin Siti

Wilmar International Limited

Salikin Siti

Wilmar International Limited

Salikin Siti

Wilmar International Limited

Rudziah Siti

Wilmar International

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