Shares of Wilmar International rose after JPMorgan Chase & Co. upgraded the stock to “overweight” from “neutral,” saying the company is well- positioned to expand operations in China and India.
Posts Tagged ‘wilmar international’
Wilmar, Noble top commodity picks for Nomura
December 11th, 2009 |
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Singapore’s agricultural commodity plays have enjoyed a stellar run this year but investors may need to be more choosy next year, says Nomura.
“We may not see a repeat of the all-inclusive outperformance over the next year, and hence would advise investors to be stock specific in their approach,” says Nomura.
The brokerage says Wilmar International looks like a good bet for its franchise model, leadership in existing businesses and strong earnings support.
Wilmar International to buy 16.7% stake in Three-A Resources
October 6th, 2009 |
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Wilmar International, the world’s biggest palm oil trader, will invest 46.2 million ringgit ($18.3 million) for a 16.7% stake in Three-A Resources Bhd., a Malaysian food manufacturer.
Wilmar plans to subscribe to part of a private placement by Three-A, which is seeking to sell as much as 20% in new stock at 75 sen each, the Malaysian company said in a statement late yesterday.
‘Double top’ shows further drop for Wilmar: Technical analysis
October 1st, 2009 |
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Shares of Wilmar International, the world’s biggest palm-oil trader, may fall below $6 after twice failing to rise above the $7 level in the past two months, according AmFraser Securities Pte.
The brokerage cited a “double top” trading pattern, which occurs when share prices indicate two distinct peaks on a chart. The pattern is completed when prices decline below the lowest point of the first peak, signaling the end of an uptrend.
Wilmar hasn’t decided on timing of Hong Kong listing: Update
September 30th, 2009 |
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Wilmar International, the world’s biggest palm oil trader, said it hasn’t decided on the timing of a Hong Kong share sale of its China assets and is monitoring market conditions.
The application “has reached an advanced stage”, the Singapore-based company said today in a statement in response to media reports it didn’t identify. Wilmar is delaying the sale, expected from Oct 5, until stock markets stabilise, FinanceAsia said today, citing an unidentified person.
Metallurgical Corp. of China and three other companies all fell this month on the first day of Hong Kong trading, signaling the market’s appetite for offerings is easing. Wilmar was gauging investors demand for a US$2.5 billion ($3.54 billion) IPO, said a person familiar with the sale.
Wilmar drops on speculation its Hong Kong IPO will be delayed
September 30th, 2009 |
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Shares of Wilmar International (WIL SP), the world’s biggest palm oil trader, dropped to its lowest in almost a month on speculation it will postpone its China unit’s planned listing in Hong Kong.
The stock declined 3.7% to $6.27 as of 10:58 a.m., set for its lowest close since Sept 2. Wilmar climbed 8.7% from July 31, when it announced the China unit’s initial public offering, through yesterday.
Wilmar rises 1.2% as it applies for Hong Kong listing
August 3rd, 2009 |
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Wilmar International (WIL SP), the world’s biggest palm oil trader, rose 1.2% to $6.06. The company said it has applied to list its China operations on the Hong Kong Stock Exchange.
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