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Wilmar - Watch for a Strong Rally to Come!

Octavia
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03-Jul-2013 22:31

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Wilmar International (WIL)
Last price: S$3.15
Technically, WIL is likely to be supported above S$2.99 for further upside. The stock currently is being resisted at S$3.38.

On 1 Jul 13, WIL plans to cut ties with Indonesian suppliers that clear land with illegal fires after blazes engulfed Singapore in a record haze. In our institutional research report dated 1 Jul 13, we
upgrade the regional plantation sector to OVERWEIGHT from UNDERWEIGHT and maintain
our BUY recommendation on WIL with the same target price of S$3.80, in view of the recovery in CPO prices on the back of easing concern over high inventory levels and a slower production growth in 2014. The hot weather and the ringgit depreciation also provide short-term support to CPO prices. We raise sector valuation to upcycle valuation given the improving CPO price uptrend momentum. We also maintain our main CPO price assumptions of RM2,500/tonne for
2013 and RM2,950/tonne for 2014 and 2015.

UOBKH

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jackson5
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03-Jul-2013 09:56

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Many short selling again,why short sellers prefer this counter ?

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jackson5
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02-Jul-2013 09:45

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Short covering now.

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sportyboy
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01-Jul-2013 21:32

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If all who is following wilmar will noticed that whenever it fall back to 3.12 level.. There is always married deals so this is a good support by internal...

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New123
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01-Jul-2013 19:59

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if $3.12 doesn't hold then $3.00 soon.

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Octavia
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01-Jul-2013 18:12

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Wilmar to cut ties with Indonesian palm suppliers involved in illegal fires It bans burnings on plantations. According to a Bloomberg report, Wilmar International Ltd. (WIL), the world’s largest palm oil trader, plans to cut ties with Indonesian suppliers that clear land with illegal fires after blazes engulfed Singapore in a record haze. Wilmar, which bans burning on its own plantations, relies on third parties for more than 90 percent of the crude palm oil for its refineries.

AGRIBUSINESS | Staff Reporter, Singapore
Published: 4 hours 51 min ago

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guoyanyunyan
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28-Jun-2013 08:53

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...Married Deal: Vol:293 Value: $914,746 ie $3.122/share Prev Close: $3.120...

...recent low: $3.06 ... $3.0x looks quite attractive ....

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samson
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27-Jun-2013 23:16

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Wilmar sells off 15% interest in Fortune Gas Investment Holdings

Cash consideration is worth US$60m.

According to a release, Wilmar International announced that it has conditionally agreed to sell all of its 15% interest in Fortune Gas Investment Holdings Limited to China Natural Gas Investment Limited, a wholly-owned subsidiary of China Gas Holdings Limited, a company listed on the Hong Kong Stock Exchange, for an aggregate consideration of USD60 million.

This is subject to the terms and conditions of the Share Purchase Agreement relating to the sale and purchase of FGIH, entered into on 16th December 2012 between Fortune Oil PRC Holdings Limited and Wilmar International Limited as Sellers, China Natural Gas Investment Limited as Purchaser, Fortune Oil PLC.

Fortune Oil is a company listed on the London Stock Exchange, as Guarantor of Fortune Oil PRC Holdings Limited's obligations under the Agreement and China Gas as Guarantor of China Natural Gas Investment Limited's obligations under the Agreement. A summary of the Proposed Disposal and key terms of the Agreement are set out in the attached announcements by Fortune Oil and China Gas.

Wilmar purchased its 15% interest in FGIH in 2008 for USD36 million consideration.

http://sbr.com.sg/food-beverage/more-news/wilmar-sells-off-15-interest-in-fortune-gas-investment-holdings

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samson
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27-Jun-2013 21:59

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Proposed Disposal of 15% Equity Interest in Fortune Gas Investment Holdings Limited (" FGIHL" )

Further to Wilmar International Limited’s (“Wilmar”) announcement on 18 December 2012, Wilmar wishes to inform that it has today entered into a supplemental agreement to the Sale and Purchase Agreement dated 16 December 2012 (“S& P Agreement”) relating to the sale of inter alia Wilmar's 15% equity interest in FGIHL, pursuant to which all parties to the S& P Agreement have agreed to extend the Long Stop Date of 30 June 2013 to 30 September 2013.

Issued by
Wilmar International Limited
27 June 2013

http://info.sgx.com/webcorannc.nsf/AnnouncementLast3Months/61072192C4335A6548257B960043B33E?opendocument

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jackson5
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27-Jun-2013 17:21

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Dead money in this counter.

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oldflyingfox
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27-Jun-2013 16:52

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think because of the haze, not sure how the investigation going.

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jackson5
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27-Jun-2013 16:04

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Not many buying interest ?

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samson
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27-Jun-2013 11:13

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six month Target

Date	Open Price	Target Price	Upside/Downside	Price Call	Source	News
24/06/2013	3.20	3.25	+0.05 (1.56%)	HOLD	OCBC
20/06/2013	3.27	3.74	+0.47 (14.37%)	BUY	CIMB
29/05/2013	3.35	3.70	+0.35 (10.45%)	BUY	Phillip Securities
14/05/2013	3.37	3.50	+0.13 (3.86%)	HOLD	MacQuarie
09/05/2013	3.42	3.70	+0.28 (8.19%)	BUY	Phillip Securities
09/05/2013	3.42	3.90	+0.48 (14.04%)	BUY	OCBC
09/05/2013	3.42	4.60	+1.18 (34.50%)	BUY	Maybank Kim Eng
09/05/2013	3.42	3.74	+0.32 (9.36%)	BUY	CIMB
08/05/2013	3.38	3.90	+0.52 (15.38%)	BUY	OCBC
08/05/2013	3.38	3.74	+0.36 (10.65%)	BUY	AmFraser
24/04/2013	3.30	3.90	+0.60 (18.18%)	BUY	OCBC
22/04/2013	3.33	3.70	+0.37 (11.11%)	BUY	Phillip Securities
17/04/2013	3.29	3.80	+0.51 (15.50%)	BUY	UOB KayHian
17/04/2013	3.29	3.79	+0.50 (15.20%)	HOLD	Phillip Securities

http://sgx.i3investor.com/servlets/ptg/f34.jsp

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guoyanyunyan
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27-Jun-2013 08:52

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...Married Deal: Vol: 547 Value:$1,710,150 ie $3.126/share Prev Close: $3.13...

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samson
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26-Jun-2013 17:14

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European Central Bank President Mario Draghi stressed that its mission in support of the euro area economy played a significant role, OMT will resume proper functioning of markets and the euro area have an impact on trust, we are always ready to act again if necessary .

Draghi noted that the effects of monetary policy has limitations, can not create real economic growth, the central bank can not repair the loss of competitiveness, fiscal consolidation should support economic growth in the euro area to restore balance to make progress on the European Central Bank has been possible to stabilize the market and support economic growth. Financial crisis did not originate from the euro zone.

Draghi believes that the government should make every effort to increase growth potential, the European banking union is necessary, we need a strong single clearing mechanism, the bond market is not destroyed in the case of providing constraints, a single clearing mechanism requires strong EU dimension. OMT debt purchase plan made without spending one euro in the case of all the results.

The ECB will oversee approximately 130 banks, the establishment of a single regulatory mechanism is essential, the European Central Bank will cooperate with national regulatory agencies, a single regulatory mechanism " is about to be finalized."

Draghi is expected before the end of the gradual economic recovery in the foreseeable future, the policy will remain accommodative. Exit from unconventional monetary policy is still far away, under certain conditions, be ready to start the OMT program when necessary.

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samson
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25-Jun-2013 22:17

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LIM & TAN

Other than the haze controversies facing the regional
plantation sector with the likes of Golden Agri
Resources, Wilmar International and First
Resources, the U.S Department of Agriculture
forecasted that crude palm oil (CPO) inventories are
expected to jump 21% to a record 9.5 million metric
tons in 2013-2014. This highlights our concerns that
the outlook for CPO prices could be capped amid
ample CPO supply over the medium term, even as
Malaysian CPO inventory levels have been declining
since earlier this year.

http://www.remisiers.org/cms_images/research/Jun24-Jun28_2013/2506_LT.pdf

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guoyanyunyan
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25-Jun-2013 20:52

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Wilmar: Expect more volatility ahead
Wilmar with its large exposure to China via its oilseeds crushing and consumer pack businesses, is certainly feeling the impact from the recent slew of sluggish economic data out of the mainland.As such, stock price has been particularly volatile over the past week or so, rising by as much as 7.1% to a recent S$3.31 high before retreating by 6.3%.

Going forward, we continue to expect more volatility in share price, especially if market adopts a less “risk on” approach. In view of this, we reduce our valuation peg from 15x to 12.5x, which in turn reduces our fair value from S$3.90 to S$3.25. Downgrade to HOLD for now. (Carey Wong - OCBC Market Pulse)

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ynnek1267
Master

25-Jun-2013 17:49

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cannot let china governement know how much they earn lah. coming quarter still report profit one

dippyboy ( Date: 25-Jun-2013 12:32) Posted:

Its attractive untill it suddenly drops by $1 to $2 tangible Nav support. Typically Resets so fast theres no time to cut loss.

The substantial debt level is no kidding and its low margins high turnover model is sceptical to massive cashflow destruction . major funds will be looking to sense the first signs or even a whiff of reduction in revenue from collapsing commodities prices to short it.

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sportyboy
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25-Jun-2013 17:44

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It doesnt help that Marco view is weak plus bad news from China also affect this stock... A good company but a bad outlook for commodities for now

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dippyboy
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25-Jun-2013 12:32

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