Wilmar International

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trading halt
https://links.sgx.com/1.0.0/corporate-an...ff97f1a3d8

Stay home and stay safe, everyone.

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Q3 result to be announce on 30 Oct 2020 after trading hour.
https://links.sgx.com/1.0.0/corporate-an...59faf042f5

Stay home and stay safe, everyone.

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Wilmar is pleased to announce that the 542,159,154 new YKA shares, comprising 10% of YKA’s issued share capital on an enlarged basis, have been allotted to investors pursuant to the Listing (the “IPO Shares”). Accordingly, YKA has become an 89.99%-owned subsidiary of Wilmar.
https://links.sgx.com/FileOpen/Wilmar_an...eID=635126

Stay home and stay safe, everyone.

[edragon]

Arawana to List on SZSE
Date: 2020-10-15
Arawana (Stock Code: 300999) will land on ChiNext Board on October 15, 2020.

Arawana is publicly offering 542.159154 million shares, including 542.159154 million IPO shares offered at 25.7 yuan per share and raising funds of 13,933 million yuan. The post-public-offering share capital of Arawana is 5,421.591536 million in total. Yihai Kerry Arawana Holdings Co., Ltd. principally engages in research and development, production and sale of kitchen food, feed ingredients and oil technology products. In 2019, its operating income reached 170,743 million yuan with the net profit of 5,408.025 million yuan.

http://www.szse.cn/English/about/news/li...82107.html

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Wilmar - 9M2020 ended 30 Sept 2020
Rev USD35b (vs 31b)
NP  USD1.1b (vs 0.8b)
The Board is pleased to announce that a special dividend, of approximately 15% of the total IPO proceeds, will be declared in 2021 to commemorate the successful listing of YKA. Details of the special dividend will be disclosed in February 2021.
https://links.sgx.com/FileOpen/Wilmar_3Q...eID=637248

Stay home and stay safe, everyone.

[Raks]

https://www.theedgesingapore.com/news/su...lity-index

Congratulations to Wilmar/ STI index for getting into DJSI.
Those who are interested can look for DJSI ETF. And think about what this means to Wilmar pricing.

I'm glad that Wilmar didn't entertain the short term activists too much and focus on overall sustainability. One can pick bones from raw materials companies at any time of the day. Palm oil will always get some scrutiny but I like Wilmar for doing things holistically.

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Wilmar 1Q2021 as at 31 Mar 2021
Rev USD14b  (vs 10b)
NP  USD0.4b (vs 0.2b)
https://links.sgx.com/FileOpen/WIL_1Q202...eID=663840

Outlook 
We achieved good results to start the year in a challenging market environment. We will continue to strengthen our existing operations and build new complementary businesses which will help in our longterm growth. The sustained high palm oil price is expected to benefit our Oil Palm Plantation business in the coming months although it will have an impact on our manufacturing margins. Earnings in the Feed & Industrial Products segment will likely be lower due to lower crush margins. However, higher sugar price will benefit our sugar milling business. With regard to recent developments in India and Myanmar, as we are a provider of essential food products, our operations in those markets have not experienced significant disruptions. We will continue to monitor these situations closely, especially the health and safety of our employees. Whilst the pace of economic recovery around the world from the pandemic is uneven, we are cautiously optimistic that we will perform satisfactorily for the rest of the year.

<vested>

Gratitude!

[karlmarx]

Prices of soft and hard commodities are going up, and it looks like prices could remain elevated if the global recovery is maintained. We will probably be seeing a return of the 2007 commodities super cycle if the virus is eliminated right now.

Nevertheless, soft commodities are still going strong. Local retail food prices may see some inflation by the end of the year or early next year.

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wilmar@449
1H2021 result with 5 cents dividend
https://links.sgx.com/FileOpen/Wilmar_1H...eID=678170

https://drive.google.com/open?id=1QNUall...2oJNIFNvyw
Gratitude!

[Choon]

It seems to me that Wilmar has some resemblance to Amazon and Alibaba, in that it had over many years, built a sprawling network of inter-supporting businesses and assets, which would be difficult to replicate. 

Even though Wilmar's network would not have the kind of powerful virtuous cycle effect that Amazon and Alibaba enjoy, nonetheless a large, well-oiled, vertically-integrated business, complemented with a trading operation, should be valuable.  

While ROE is not exciting (just below 10%), there could be substantial value hiding within. How can or what would lead to this value manifesting -- that is something I have to study further.

What baffles me is Wilmar's current focus on building central kitchens in China - described as Wilmar's most important project. How big can the market for ready-to-eat / ready-to-cook meals be when hot food is easily available at lower prices? From what I see in SG, supermarkets and 7-11s are not selling huge volumes of RTE/RTC meals.

At PE of 12X, Wilmar looks attractive.