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and Wilmar International F34
figure prominently in the food & beverages + food & drug retailing sector. Golden Agri-Resources, led by chairman Franky Widjaja, describes itself as one of the world’s largest “seed to shelf” agribusinesses. The company was set up in 1996 and listed on the Singapore Exchange S68
in 1999. It has operations across 14 countries. Its products are sold to around 100 countries worldwide, such as China, India and the US, as well as various destinations in Europe and the Middle East.
Golden-Agri Resources manages around 538,000ha of plantations, including farms of small owners, across Indonesia. In 2022, it produced around 2.43 million tonnes of crude palm oil (CPO). The company manufactures products for the global agronomy, food, oleochemical and bioenergy markets via its downstream refining and speciality product facilities. In addition, Golden Agri-Resources runs complementary businesses such as sugar and soybean-based products in China and sunflower-based products in India.
With an eye on sustainability, Golden Agri-Resources has achieved 98% traceability to the plantation in its palm supply chain at the end of 2022. The company has also set aside 79,900ha for conservation.
See also: The Edge Singapore unveils winners of 2023 Billion Dollar Club
See also: Celebrating the top listed companies in Singapore
Ov8
generated a weighted return on equity (ROE) of 33.6% in the three years under consideration for this year’s BDC. This showing not only makes it the best sector winner for this category, Sheng Siong also has the 5th best ROE among all BDC winners. From its humble beginnings of just one outlet, Sheng Siong has over the years built up a network of nearly 70 supermarkets in Singapore and is steadily expanding its presence in China, with six outlets and counting.
Unlike several other supermarket chains that make it a point to be anchor tenants in shopping malls, Sheng Siong is known to locate its outlets in the heartlands of Singapore. Besides the usual supermarket fare of packaged or preserved food, Sheng Siong has an extensive “fresh” food selection. It has also developed a selection of house brands to offer customers quality alternatives to branded products at substantial savings. To date, Sheng Siong offers over 1,600 products under its 23 house brands, ranging from food products to paper goods.