Wilmar International

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Rainbow 
21 May 2020 Wilmar eAGM 

(click for sgx)
Friday 12 June 2020 @ 10am
Pre-registration is required before 9 June 10am
(click to pre-register)

Div of 9.5cents
xd 15 June 2020
(click for details on dividend)

Stay home and stay safe, everyone.
Reply
Rainbow 
12 June 2020 result of eAGM Wilmar
2019 Result vs 2018
Revenue US$42b -4%
Net profit US$1.29b +15%
Dividends S$0.125  +19%

1Q2020 vs 1Q2019
Revenue US$10b +5%
Net profit US$0.7b  +10%

Outlook:
1. consumer products expect strong growth
2. palm will be affected by lower palm oil price, downstream continue to do well
3. feed should improve with increase pig production in China
4. sugar refining should perform well but sugar mill will be impacted by lower sugar price
5. proposed listing of china opeartions
https://links.sgx.com/FileOpen/Wilmar_AG...eID=617731

Stay home and stay safe, valuebuddies.
Reply
Rainbow 
23 June 2020 Update on Wilmar
https://links.sgx.com/FileOpen/Wilmar_an...eID=620116
Wilmar wishes to announce that YKA has submitted an updated prospectus to the Shenzhen Stock Exchange for its review and approval. 

Wear mask and keep your distance when going out, valuebuddies.
Reply
Does anybody know why Wilmar choose to have YKA listed in Shenzhen instead of Shanghai?
It appears to me that Shanghai bourse is more established and provides better valuation. Doesn't it?
Reply
Rainbow 
3 July 2020 Wilmar to release 1H20 results(as at 30 Jun 2020) on 11 Aug 2020 after market close.
https://links.sgx.com/1.0.0/corporate-an...d427174b31

Wear mask and keep your social distance, everyone.
Heart
Reply
Rainbow 
1H Result as at 30 Jun 2020
Rev USD22b (vs 20b)
GP  USD2.0b (vs 1.9b)
NP  USD0.6b (vs 0.4b)
Div SGD4cts (vs 3cts)

The Group has produced a resilient set of results for 1H2020 amidst the COVID-19 pandemic. Both our Food Products and Feed and Industrial Products segments did well in 1H2020, on the back of strong recovery in 2Q2020, and are expected to continue to perform well for the rest of the year. The recent increase in palm prices will also contribute favourably to our plantation business. We are cautiously optimistic that our second half performance will be satisfactory.

Our Chinese subsidiary, Yihai Kerry Arawana Holdings Co., Ltd, has obtained listing clearance from the Shenzhen Stock Exchange (“SZSE”) ChiNext Board Listing Committee (the “Committee”) and has submitted the updated prospectus to the China Securities Regulatory Commission (“CSRC”) for final registration approval for listing on SZSE ChiNext Board. We would like to emphasize that although listing clearance from the Committee has been obtained, there is no certainty or assurance as at the date of this announcement that the listing proposal will be carried out as it is still subject to CSRC approval and market conditions.

Stay home and stay healthy, valuebuddies.
Heart
Reply
https://www.businesswire.com/news/home/2...e-Ordinary


CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) today announced that its wholly-owned subsidiaries ADM Ag Holding Limited (“ADM Ag”) and Archer Daniels Midland Asia-Pacific Limited (“ADM APac” and together with ADM Ag, the “Sellers”) have entered into a secondary block trade agreement with a syndicate of managers (the “Block Trade Agreement”) pursuant to which the Sellers have sold 170.5 million ordinary shares of Wilmar (the “Wilmar Shares”, and such sale, the “Block Trade”) at a price of SGD4.40 per Wilmar Share (US$3.23 per Wilmar Share based on an exchange rate of SGD1.3636 per US$1.00 derived from Bloomberg page BFIX at 5:00 p.m. (Singapore time) on August 19, 2020).

ADM will retain at least 20 percent of the equity interest in Wilmar after giving effect to the Offering, including any subsequent exchange of Bonds, and the Block Trade.
Reply
Rainbow 
In connection with and for the purpose of facilitating the Offering, ADM APac has entered into a stock borrow arrangement 
(the “Stock Borrow Arrangement”) with an affiliate of one of the joint lead managers of the Offering, over a number of Wilmar Shares equivalent to the initial total number of Wilmar Shares to be delivered upon exchange of the Bonds. The entry by ADM APac into the Stock Borrow Arrangement was conditioned upon the pricing of the Offering but is not conditioned upon the closing of the Offering.
https://links.sgx.com/FileOpen/WIL_annou...eID=628576
https://www.adm.com/news/news-releases/a...ary-shares

Stay home and stay healthy, everyone.
Heart
Reply
Rainbow 
Further update on the proposed listing of Wilmar's China operations
...pleased to announce that YKA has received final registration approval for listing on the SZSE ChiNext Board from the China Securities Regulatory Commission (“CSRC”). Listing will be by way of new shares to be issued by YKA, accounting for not less than 10% of YKA’s issued share capital on an enlarged basis (the “IPO Shares”). 
Strategic investors, which include mainly State-owned funds, sovereign wealth funds and insurance companies, have been identified to subscribe for approximately 30% of the IPO Shares. 
The final subscription size by the strategic investors and the composition of the strategic investors are still subject to final confirmation by the regulatory authorities. Based on the usual IPO timeline, it is expected that the listing will take place by mid October 2020, subject to market conditions. 
Although final registration approval for listing on the SZSE ChiNext Board by the CSRC has been obtained, there is no certainty that the Proposed Listing will proceed as the Proposed Listing is still subject to prevailing market conditions, so shareholders and potential investors are accordingly advised to exercise caution when dealing with the securities of the Company.

Stay home and stay safe, everyone.
Heart
Reply
Rainbow 
Expected timeline for China IPO
https://links.sgx.com/FileOpen/Wilmar_an...eID=632078

Stay home and stay safe, everyone.
Heart
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)