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Wilmar Intl
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Wilmar - Watch for a Strong Rally to Come!
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guoyanyunyan
Elite |
22-Aug-2013 16:11
Yells: "uncertainty always exist" |
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...day low $3.02... now turn green ... last: $3.07 +0.01... | ||
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guoyanyunyan
Elite |
21-Aug-2013 08:56
Yells: "uncertainty always exist" |
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...Married Deal: Vol: 778 Value: $2,400,130 ie $3.085/share Prev Close: $3.08... ...6-months low: $3.06... 2-year low: $2.99... |
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rayyeo
Senior |
20-Aug-2013 16:34
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STI dropped 54points. Wilmar can't be bothered. |
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jackson5
Member |
20-Aug-2013 16:29
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Holding so well , buying support is always there.
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rayyeo
Senior |
20-Aug-2013 16:22
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How to short sia....... Wilmar like got hidden hands... |
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dicalp
Member |
15-Aug-2013 16:06
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Short Wilmar to make money! I had made many piles, have you even made one? Follow me and short Wilmar! You will not regret. | ||
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dicalp
Member |
15-Aug-2013 15:41
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Migrated from cna. :)
Shortist for Wilmar. Short! Piles of money to be made! |
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ynnek1267
Master |
12-Aug-2013 21:00
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Seem like 3 commodity stocks are stop moving at current level till window dressing period end of the year. | ||
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ohgin123
Member |
12-Aug-2013 18:06
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Dun know what it is going to take the drive this stock up. The reason why it is being pegged down is because of high gearing as well as low CPO price? | ||
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ynnek1267
Master |
11-Aug-2013 10:41
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Sugar division is going to turn loss to profit in 2H. With 2Q, 216mil net profit as basis, 400mil net profit is achievable in 3Q.
Eye on cpo price, soybean crush margin and commercial product distribution like kellogg, chemical and etc. Wilmar is bottom up in 2H. |
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ynnek1267
Master |
10-Aug-2013 08:02
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http://m.thehindu.com/business/Industry/agricultural-commodity-prices-to-rise-post-gst-kelkar/article5007105.ece/?maneref=http%3A%2F%2Fwww.google.com.sg%2Fsearch%3Fq%3Dcommodity%26source%3Dlnms%26tbm%3Dnws%26sa%3DX%26ei%3DmIEFUorHMM3rrQffr4D4CA%26ved%3D0CAoQ_AUoAA%26biw%3D320%26bih%3D416
Wilmar is in India too |
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ynnek1267
Master |
10-Aug-2013 08:00
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http://m.asia.wsj.com/articles/a/SB10001424127887324522504579002291277140378?mg=reno64-wsj
Commodity stock is set to bottom up in 2H 2013 |
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krisluke
Supreme |
07-Aug-2013 09:39
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Wilmar: 1H13 results disappointed the street. 2Q13 core net profit was up 40% yoy, but fell 24% qoq to US$240m. HSBC notes non-operating income (FX, net interest income, and other operating income) was a major contributor, at nearly 27% of 2Q13 net profit. On a qoq basis, declining margins on all of Wilmar’s business segments point to continued margin pressure. A key underperformer was upstream palm oil plantations, where FFB yields fell 7% yoy and qoq leading to a decline in CPO production. Visibility of a recovery in 2H13 is limited at this stage. Meanwhile downstream consumer products saw pretax profit per ton declining 36% qoq despite lower feedstock costs due to the effects of price cuts in Apr and May. HSBC believes the continued sacrifice of pricing power for market share gains means structural headwinds here will remain. HSBC maintains Underweight with TP $3.16. Nomura maintains Neutral with TP $3.80, expects weak stock reaction post results. Deutsche keeps at Hold with TP $3.70. Notes while the stock is trading at 11.6x FY13e P/E, below its 5 yr historical average, it expects share price to remain subdued on weak sentiment in the sector given low CPO prices, expectation of slower 2H growth due to high base effect and concerns of further margin erosion in its Oilseeds & Grains that could negatively impact earnings in 2H. |
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sportyboy
Member |
07-Aug-2013 09:37
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Result looks ok but price action does not justify | ||
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krisluke
Supreme |
07-Aug-2013 09:32
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Wilmar Profit Jumps 87%  Asia’s leading agriculture-business group Wilmar (SGX: F34) posted an 87% jump in second-quarter profit to US$219m compared to a year ago. If non-operating items were excluded, the company’s profit would have increased by 42% year-on-year to US$245m instead.
Quarterly revenue slipped 5.4% to US$10.4b on the back of significantly lower palm prices. Wilmar has five main business segments, namely, Palm & Laurics, Oilseeds & Grains, Consumer Products, Plantations & Palm Oil Mills, and Sugar. Palm & Laurics saw revenues decline by 15% to US$5.09b from a year ago, while sales volume rose 10% to 6.19m MT (1 MT is equivalent to 1,000 kg) due to increased capacity in Indonesia. Wilmar had managed to sell a larger quantity of downstream value-added products for the segment, leading to better margins and a 40% growth in pre-tax profits to US$224.5m. In the Oilseeds & Grains segment, sales dipped by 3% year-on-year to US$3b predominantly due to a 2% drop in sales volume to 4.5m MT. The company had managed to eke out a pre-tax profit of US$15.3m for the quarter, an improvement from the US$40m pre-tax loss last year. Wilmar had seen a price dip in edible oils and flour in its Consumer Products segment in April and May this year resulting in lower selling prices. But it was an overall net-positive for the company. The corresponding increase in demand for the products – due to the price reductions – resulted in revenues rising by 9% to US$1.51b on the back of a 22% increase in sales volume to 1.09m MT. Pre-tax profits for the Consumer Products segment had improved by 67% to US$29.9m due to lower raw-material costs. The Plantations & Palm Oil Mills segment saw its top line sink 24% year-on-year to US$315m while pre-tax profits dropped 34% to US$52.7m. Management cited “lower palm oil prices and lower production yields” as reasons for the sales-and-profit decline. Palm oil producer Golden Agri-Resources (SGX: E5H) had reported decreases of at least 25% in average crude palm oil (CPO) prices in its latest earnings release, highlighting the difficulties that Wilmar also faces in the operations of its Plantations & Palm Oil Mills segment. As for the lower production yields, dry weather conditions in Kalimantan and Sumatra in addition to lower crop trends in Sarawak were the main culprits. In the Sugar segment, there are two different sub-segments, namely, Milling and Merchandising & Processing. Together, they brought in revenues of US$1.06b, an increase of 26.7% over last year’s result. The top-line growth was mainly driven by higher merchandising activities and larger contributions from Wilmar’s Indonesian refineries that are operating under the Merchandising & Processing sub-segment. In addition, the Sugar segment had also logged a lower pre-tax loss of US$30.3m for the second quarter of 2013, compared to a pre-tax loss of US$60.2m experienced last year. The pre-tax losses were mainly attributed to the seasonal nature of the Milling sub-segment, which normally sees maintenance-works carried out on the milling plants in the first half of the year. Wilmar’s balance sheet has improved judging from the decline in the net debt to equity ratio from 0.93 last year to 0.86 currently. The company has declared an interim dividend of S$0.025 per share for the half-year, an increase of 25% from last year’s pay-out of S$0.02 for the corresponding period. Wilmar’s Chairman and Chief Executive Officer, Kuok Khoon Hong, commented on the quarter’s performance: “The current low CPO prices and declining refining margins in Indonesia add to an already challenging operating environment.” He added: “However, the benefits of lower raw material prices for downstream products and investments made in recent years, such as the sugar business and expansion into oleochemicals and specialty fats, will have positive contributions for the Group. Together with the strong business model we have built over the years, we will be able to overcome these difficult conditions.” Shares of Wilmar closed at S$3.15 on Tuesday, representing a trailing price-earnings ratio of 11.2 and a dividend yield of 1.6% based on 2012’s full-year payout. |
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ynnek1267
Master |
07-Aug-2013 08:36
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Stock level of palm oil is low in Malaysia. Malaysia government has forced petrol station to sell palm oil petrol, stock level will drop further. Indonesia palm oil stock is still a concern. So long as the production is low in 2H, palm oil price shall rise back. Sugar division will be spotlight in 2H. US soybean supply is not going to rise soybean price due to overstock from South America to china, soy bean price is at low level and crush margin is positive since July. Buy Wilmar and wait for rally soon | ||
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stockpicker
Member |
06-Aug-2013 23:09
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Easy on this. It is all dressed up nicely. Profit up 87% but sale revenue down 5.4%. mainly because last year's performance was depressed by foreign exchange losses and loss on investments. Not quite comfortable with their high current debts @ $4.0 per share or $24 biln.. are they hiding their debts here.. just wonder. | ||
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Octavia
Elite |
06-Aug-2013 21:09
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Wilmar Q2 net profit up 87%, helped by palm and laurics Wilmar International Ltd's net profit jumped 86.5 per cent in the second quarter from a year ago, helped by its palm and laurics as well as consumer products segments. The company on Tuesday posted a net profit of US$218.5 million for the three months that ended in June, up from US$117.1 million a year earlier. That was below the average net profit forecast of US$254.1 million in a Reuters poll of five analysts. Excluding non-operating items, Wilmar's quarterly earnings were 42.4 per cent higher at US$245.4 million from a year earlier. Crushing margins for its oilseeds and grains segment were positive, resulting in pre-tax profit of US$15.3 million, compared to a loss a year ago. But pre-tax profit for plantations and palm oil mills fell 34 per cent to US$52.7 million due to lower average selling price and reduced production yield. | ||
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jackson5
Member |
06-Aug-2013 19:52
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Using first half to extrapolate, the PER is 15x . | ||
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ynnek1267
Master |
06-Aug-2013 19:29
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214M miss the 240 to 280mil estimation by consensus. Golden Agri result has pointed Wilmar result will be weak in their palm oil plantation result too. All division perform well. Oil sead & grain turn positive and will continue to perform well with the cheap soybean cost in 2nd quarter. Sugar division will perform strongly as what they did in last year 2H too. Wilmat will turn better in 2H 2013. | ||
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