Wilmar eyes China soy expansion as fever kills hogs

(June 12): Wilmar International, one of the world’s largest food producers, is planning to boost its soybean crushing capacity in China even as a deadly pig-killing virus cuts demand for animal feed.

Singapore-based Wilmar will build new plants as part of a project to construct integrated manufacturing complexes in the country, the company said in an emailed statement, without giving a schedule. The group is bullish on the long-term prospects for China and is confident that animal meal demand will eventually recover, it said.

CPO prices dragged down by US-China trade spat but don’t get over-bearish: UOB KayHian

SINGAPORE (June 21): Despite the US and China having agreed to back down from imposing tariffs in May, the Trump administration has gone ahead to slap a 25% tariff on up to US$50 billion ($68 billion) of Chinese products.

In retaliation, China last Friday to respond with a 25% tariff on US$34 billion of US goods which includes soybean.

Will the US-China trade war crush these SGX-listed soybean crushers?

SINGAPORE (Apr 6): CIMB Research believes China’s plan to slap a 25% import tariff on soybean imports from the US amid an escalating tit-for-tat trade spat could be potentially negative for China-based soybean crushers Wilmar International and Golden Agri-Resources.

See: Trade tensions escalate as Trump proposes US$100 bil in new China Tariffs

This plantation stock is going down a golden path

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SINGAPORE (Jan 9): RHB is maintaining its “buy” call on Golden Agri at a target price of 46 cents while declaring the stock as its top pick within the plantation sector.

(See also: Will 2017 be a bumper crop year for plantation stocks?)

Will 2017 be a bumper crop year for plantation stocks?

SINGAPORE (Jan 4): RHB is maintaining its “neutral” stance on the plantation sector with its top pick as Golden Agri for its diversified land bank, crude palm oil (CPO) price sensitivity and stock liquidity.

The stock has been given a target price of 46 cents.

In the research house’s Singapore Strategy report on Tuesday, RHB believes CPO prices could remain at high levels up to 1Q17 on the back of the strong US dollar as well as a still-weak CPO output due to the 24-month lagged impact of El Nino.

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