Wilmar

Market Close

STI closes 0.1% lower at 2,893.65

SINGAPORE (Sept 7): The Singapore market ended lower on Wednesday, dragged down by Yangzijiang Shipbuilding and Hutchison Port. They fell 2.5% and 1.1%, respectively, during a day with few broad trading cues and a mixed performance among large caps.

Tech

Billionaire's 28-year-old son picks digital music empire over palm-oil riches

SINGAPORE (Aug 26): Kuok Meng Ru didn't spend much time with his billionaire father when he was growing up.

Wilmar expects net loss of US$230 mil for 2Q

SINGAPORE (July 19): Wilmar International has issued a profit warning for its second quarter results ended June 30, based on a preliminary review of its unaudited financial results.

Wilmar emerges winner among unfancied upstream players

SINGAPORE (July 13): DBS Group Research has zeroed in on Wilmar International as its top plantation pick with a “buy” recommendation and a target price of $3.76.
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Wilmar JV unit to jointly set up FMCG company in India

SINGAPORE (May 25): Adani Wilmar and Ruchi Soya Industries have agreed to form a joint venture company that will have the exclusive right to originate, market and distribute in India finished products from both companies.
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Broker's Calls

Wilmar kept at ‘hold’ by OCBC and CIMB on tough 2Q

SINGAPORE (May 12): OCBC and CIMB Research are sticking to their “hold” call on Wilmar International with target prices of $3.40 and $3.49 respectively in their reports on Wednesday.
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Wilmar’s 1Q earnings up 3.2%

SINGAPORE (May 10): Agribusiness  group Wilmar International recorded a 3.2% rise in 1Q earnings to US$239.4 million ($327.7 million) from US$232.0 million a year ago.
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