Wilmar

Are things finally looking up for the CPO sector?
SINGAPORE (Apr 9): OCBC Investment Research continues to rate the soft commodities sector “neutral” despite the renewal of interest in the sector and higher forecast of the year’s price to close. So far, crude palm oil price have increased by about 6% this year, after a 35% plunge from early 2017 to end 2018. Crude palm oil (CPO) stocks have also gathered more interest and better price ...
Market valuations may be inexpensive but stay defensive: RHB
SINGAPORE (Jan 2): RHB Research prefers to stay selective and defensive amid growth uncertainties in 2019. The Straits Times Index (STI), down 12% in USD terms, could remain under pressure this year amid slowing GDP growth and an uncertain trade outlook due to China-US tensions. In a Wednesday report, analyst Shekhar Jaiswal says, “While 12.6x forward P/E and 4.2% dividend yield make the ...
Ongoing market uncertainty makes it all the more opportune to 'buy' this stock
SINGAPORE (July 4): RHB Research is reiterating its “buy” call on Wilmar International with an unchanged target price of $3.59, while highlighting ongoing market uncertainties and the recent retracement in share price as a good opportunity to accumulate the stock. The research house has left its forecasts largely unchanged despite recent concerns of a trade war emerging between US and ...
DBS, RHB and OCBC are upgrading this palm plantation stock
SINGAPORE (Feb 26): DBS, RHB and OCBC are upgrading Wilmar International to “buy” from “neutral” with target prices of $3.65, $3.45 and $3.51 respectively. See: Wilmar reports 23.8% decline in 4Q earnings to US$427.5 mil DBS says Wilmar’s share price is trading at a bargain, having corrected by 25% in 2017. It is currently trading at 12.1 times FY18 earnings, lower than its ...
Latest China expansion plans make Perennial an even better 'buy': DBS
SINGAPORE (Jan 4): DBS Vickers Securities is reiterating its “buy” on Perennial Real Estate Holdings with a $1.05 price target given the research house is positive on its medium- to long-term development plans. This comes after the announcement last night of a Perennial-led consortium closing its first capital commitment to develop US$1.2 billion ($1.61 billion) worth of integrated ...
Limited downside risks for Wilmar, but no catalysts for share price recovery either: RHB
SINGAPORE (Dec 13): RHB Research is maintaining its “neutral” call on Wilmar International with a lower target price of $3.31 compared to $3.33 previously, after applying a lower target 12 times FY18F P/E for the plantation segment to factor in the shrinkage of sector peer valuations. In a Wednesday report, analyst Juliana Cai highlights a lack of catalysts for any significant share price ...
Disposal gains could lead to higher-than-expected 4Q earnings for SATS
SINGAPORE (May 17): UOB Kay Hian is estimating SATS will post a 25% y-o-y increase in headline net profit when the airline gateway services and food solutions provider reports its FY17 earnings this Friday, versus the street’s implied estimate of 4.3% growth. This is because the research house believes the street may not have factored in a combined $12 million of gains from the group’s ...
ST Engineering, Wilmar, ThaiBev, CityDev, Haw Par, Wing Tai
SINGAPORE (May 12): Here are some stocks to watch this Friday morning: ST Engineering announced 1Q17 earnings of $103.4 mil, 6% lower from $110.2 million reported in the previous year. Group revenue for the quarter was $1.5 billion, 5% down from $1.6 billion. See: ST Engineering posts 6% decline in 1Q earnings to $103 mil Agribusiness Wilmar International reported a 51% rise in 1Q ...
STI closes 0.3% higher at 2,962.63
SINGAPORE (Jan 9): The Straits Times Index rose again amid further regional advances, climbing 0.3% to 2,962.63 after spending much of the day at 14-month highs. The Friday session saw 2.2 billion units of shares traded with a value of $1.1 billion. Gainers outnumbered users 250 to 179. Global Logistic Properties gained another 2.5% or 6 cents to $2.46 after confirming media reports about a ...
Plantation stocks are counting on these 3 things for a bountiful year
SINGAPORE (Dec 20): DBS Vickers Securities has upgraded its view on the plantation sector to “neutral” on improving fundamentals, as well as expectations of yield recovery and steady prices to boost the earnings of plantation companies in FY17F. In the research house’s 2017 Outlook report, DBS analyst Ben Santoso says the plantations sector will be shaped by three key issues over the ...