Wilmar International

[greengiraffe]

Wilmar still jelek

http://infopub.sgx.com/Apps?A=COW_CorpAn...elease.pdf

[Bytesizedinvestments]

What does a real estate tycoon brings value to the agriculture giant.

Perennial Real Estate CEO to become COO at Wilmar.

http://www.channelnewsasia.com/news/busi...39208.html

SINGAPORE: The Chief Executive Officer of Perennial Real Estate Holdings will take on the additional role of Chief Operating Officer (COO) at agriculture giant Wilmar International, strengthening ties between the two firms.

Announcing this in a statement on Friday (Dec 11), Perennial said Mr Pua Seck Guan will become COO and executive director at Wilmar with effect from Jan 1, 2016.

Mr Pua will retain his positions in Perennial.

“Seck Guan’s roles in Perennial and Wilmar will further strengthen and deepen the relationship between the two companies," Wilmar Chairman and CEO Mr Kuok Khoon Hong said in a statement.

Mr Pua's primary responsibility at Wilmar will be to assist Mr Kuok with overseeing and managing the various business divisions and developing new businesses.

Wilmar, one of the world's largest suppliers of palm oil, holds an effective interest of about 13.1 per cent in Perennial. Mr Kuok, who is Perennial's chairman, holds a larger effective interest of about 37.1 per cent in Perennial due to his interests in other firms.

Wilmar said current COO and executive director Mr Teo Kim Yong, will be retiring on Dec 31.

Perennial also announced the appointment of Mr Goh Soon Yong as group chief operating officer with effect from Jan 1, 2016. He is currently an advisor of Perennial, having previously been deputy CEO for China at Perennial.

Perennial is a Singapore-based property developer with large integrated projects in China. In Singapore, it manages and is invested in properties such CHIJMES, Capitol Singapore, TripleOne Somerset, AXA Tower and the House of Tan Yeok Nee.

- CNA/xk

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Financial Freedom can be achieved through prudence and patience capital.

http://www.bytesizedinvestments.com/

[butcher]

They are close friends

[ozone]

With DOW -370 and OIL Sinking....Will be Interesting to see how the prices react ???

[valuebuddies]

Thought the forum is for the value investors but not shortist??

[CityFarmer]

Thought the forum is for the value investors but not shortist??

Opps I am New here so I will take note & delete above if necessary !

A good reminder for new buddy. Please focus more on fundamental, than price movement. Discussion of TA (Technical Analysis) is highly discouraged.

A belated welcome to our VB forum.

Regards
Moderator

[ozone]

Noted with TQ CityFarmer !!!

And frankly I was juz happy to join the forum here as it suit my Interest in Value Investing ( Small Caps ) and also Hong Kong Stocks !!!

As for WILMAR - probably in 2015 I have gotten to know about this stock much better !!!

Merry Xmas !!!

Cheers !!!

[PkNanas]

What does a real estate tycoon brings value to the agriculture giant.

Perennial Real Estate CEO to become COO at Wilmar.

http://www.channelnewsasia.com/news/busi...39208.html

SINGAPORE: The Chief Executive Officer of Perennial Real Estate Holdings will take on the additional role of Chief Operating Officer (COO) at agriculture giant Wilmar International, strengthening ties between the two firms.

Announcing this in a statement on Friday (Dec 11), Perennial said Mr Pua Seck Guan will become COO and executive director at Wilmar with effect from Jan 1, 2016.

Mr Pua will retain his positions in Perennial.

“Seck Guan’s roles in Perennial and Wilmar will further strengthen and deepen the relationship between the two companies," Wilmar Chairman and CEO Mr Kuok Khoon Hong said in a statement.

Mr Pua's primary responsibility at Wilmar will be to assist Mr Kuok with overseeing and managing the various business divisions and developing new businesses.

Wilmar, one of the world's largest suppliers of palm oil, holds an effective interest of about 13.1 per cent in Perennial. Mr Kuok, who is Perennial's chairman, holds a larger effective interest of about 37.1 per cent in Perennial due to his interests in other firms.

Wilmar said current COO and executive director Mr Teo Kim Yong, will be retiring on Dec 31.

Perennial also announced the appointment of Mr Goh Soon Yong as group chief operating officer with effect from Jan 1, 2016. He is currently an advisor of Perennial, having previously been deputy CEO for China at Perennial.

Perennial is a Singapore-based property developer with large integrated projects in China. In Singapore, it manages and is invested in properties such CHIJMES, Capitol Singapore, TripleOne Somerset, AXA Tower and the House of Tan Yeok Nee.

- CNA/xk

---

Financial Freedom can be achieved through prudence and patience capital.

http://www.bytesizedinvestments.com/

This is the first time I come across a management staff can serve in 2 unrelated companies as the same time, less to say both position are top management positions. Obviously it must be permissible.

[jjlim84]

the CEO seems to be unfazed about the current commodity cycle..

http://www.theedgemarkets.com/sg/article...-investors


Take long-term view on Wilmar, Kuok tells investors
By Michelle Teo / theedgemarkets.com | February 19, 2016 : 4:09 PM MYT


SINGAPORE (Feb 19): Investors should focus on Wilmar International’s overall business vision, instead of fluctuations caused by commodity cycles and other market hiccups, says Kuok Khoon Hong.

Kuok was practically chiding the room full of analysts and reporters who showed up for the company’s earnings briefing, after headlines this morning zeroed in on the dip in the group’s full year earnings.

The chairman and CEO of Wilmar International says the group is on its way to become one of the biggest players in the global food industry, given the breadth and scale of its operations across Asia.

Wilmar’s interests span oil palm plantations to sugar milling, soybean processing and sales of cooking oil and flour to housewives in China. But the company’s earnings have been weighed down by the decline in commodity prices, particularly of crude palm oil. And, investors’ concerns over slowing growth in China, which accounts for a big part of Wilmar’s processing and consumer products business, have pulled down the company’s stock price.

For FY2015, Wilmar posted core earnings of US$1.17 million, 4.4% lower than the year before. The company attributed this to the foreign exchange losses as regional currencies weakened against the US dollar. Revenue for the year was 10% lower at US$38.78 billion, although sales volumes grew 10% to 65.3 million metric tonnes.

The group’s oilseeds and grains, and sugar units performed strongly during the fourth quarter. Oilseeds and grains registered a 40% increase y-o-y in pre-tax profit to US$164.2 million. The sugar milling business turned in a 49% rise in pre-tax profit to US$80.1 million, as Wilmar was able to sell its sugar at a much higher price during the period.

Nevertheless, Kuok says these quarterly differences in numbers should not detract from the business he is trying to build.

“I think most people don’t really understand our business. Most analysts tend to focus on the negative factors; the China economy slowing down, commodity prices coming down, the renminbi depreciating. But Asia is still the fastest growing region in the world,” he says. “The middle class in Asia is expanding very rapidly, and there is something like a consumer revolution. We can see the demand in terms of quantity and quality for consumer food products is increasing very rapidly.”

Kuok adds that Wilmar still managed to record high sales growth in nearly all the countries it operates in. “Food is the biggest business in Asia and we have a very good base in most of the Asian countries.”

“I really think, in 10 to 20 years’ time, we have a chance to become a very big Asian company. The biggest companies in the agri sector are not upstream, or midstream or processing companies. The biggest companies are the consumer food producers, [such as] Unilever, Nestle. I think we have a business model different from them. We are in the upstream, midstream and downstream [segments], and we are trying to grow in all three segments and on top of that we have a very strong trading division,” he says.

“And that’s where I think you should focus on, not whether plantations can make a few million [dollars] here and there.”

Wilmar ended 2015 with free cash flow of US$1.07billion, and a net gearing ratio of 0.78 times.

It is giving a dividend of $0.055 per share, which brings the total distribution for FY2015 to $0.08 per share, or a payout ratio of about 30%.

Kuok says the company is conserving some cash, “because everything’s so cheap right now so maybe there are some M&A opportunities.”

[BlueKelah]

Ha-ha Wilmar is so over leveraged right now, if any steep rise in interest rates shudder to think what happens.

If they do more M&A, likely have to do more fund raising.

It seems long term plan is sound, but having done acquisitions these past few years at premium prices whilst commodities were doing well, and only now saying they wanna Conserve cash, it sounds a bit stupid. They should have Conserve cash during boom years so now bust years they can buy up everything cheap. After all commodity is cyclical market.

Seems like the younger kuoks are not as experienced as the elder kuok and too eager to grow the company at the expense of being a bit more conservative.

And now when profits are getting bad, they try to become conservative rather than aggressive.

Seriously their gearing looks like property developer or commodity trader like noble...


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