Wilmar International

SINGAPORE (July 4): Wilmar International’s co-founder, Martua Sitorus, has tendered his resignation a week following Greenpeace International's revelation of his links to Gama Plantation, a related palm oil business responsible for massive deforesta

SINGAPORE (June 27): OCBC Investment Research is maintaining “neutral” on soft commodities with Wilmar International as its top sector pick due to its more diversified operations compared to industry peers.  

SINGAPORE (June 8): OCBC Bank and Wilmar International have inked a deal that pegs the interest rate of the agribusiness group’s existing US$200 million ($267 million) revolving credit facility to its sustainability performance.

SINGAPORE (May 15): OCBC Investment Research is keeping its “buy” call on Wilmar International with an unchanged fair value estimate of $3.51 despite headwinds in the near-term.

SINGAPORE (May 14): RHB Research says it is more upbeat on Wilmar’s 2Q18 outlook after the company’s analyst briefing and expects the performance of all its segments to improve q-o-q.

SINGAPORE (May 10): Wilmar International recorded a 40.6% drop in earnings to US$203.3 million ($273.0 million) for the 1Q ended March, from restated earnings of US$342.0 million a year ago.

SINGAPORE (Apr 6): CIMB Research believes China’s plan to slap a 25% import tariff on soybean imports from the US amid an escalating tit-for-tat trade spat could be potentially negative for China-based soybean crushers Wilmar International and Golden Ag

SINGAPORE (Apr 5): Wilmar International saw its share price take a 3% tumble on Wednesday, immediately after China announced 25% tariffs on imports of 106 US products, including soybeans.

SINGAPORE (Mar 21): Wilmar International announced that its direct wholly-owned subsidiary, Wilmar Resources, has acquired a 50% equity interest in Nauvu Investments from Olam International for US$148 million ($194.9 million).

SINGAPORE (Mar 8): OCBC is highlighting Wilmar International as its top “buy” pick at a fair value estimate of $3.51 for its lower likelihood of being impacted by India’s recent import tax hike on crude palm oil (CPO), given its diversified business