【Wilmar F34 交流专区】丰益国际 WILMAR INTERNATIONAL LIMITED

剑逸

应该是考虑作为长期持有的股项。

天然夜行者

大熊來也，再這樣下去，難保不會步nol的後塵被踢出sti

assange

借了一大笔钱，没有profit怎么看都不大可能会升了的。。

DurianMas

Wilmar: Buyback boost; outlook muted

Tue, 18 Sep 2012, 10:10:58
Wilmar International Limited (WIL) bought back some 7.4m shares at S$3 each on 13 Sep (mandate to buy up to 10% of issued shares). Also buoyed by recent QE3 initiatives, the share price rebounded some 10% over the past two sessions. However, we are still not convinced that there is a structural improvement in WIL’s near-term fundamentals. Nevertheless, we note that the market is adopting a more risk-on approach on the back of QE3. Hence we raise our valuation peg from 12.5x to 13.5x, which sees our fair value edging up from S$2.90 to S$3.06 (still based on blended FY12/13F EPS). But as the fundamental outlook is still rather muted, we maintain HOLD; and investors may consider taking profit around S$3.40 or higher.

Initiates share buyback
Wilmar International Limited (WIL) has started to buy back its own shares (has mandate to buy up to 10% of its existing shares). The company on 13 Sep bought back 7.4m shares at S$3 each, or 0.115% of existing shares, for S$22.2m. And also buoyed by the recent QE3 initiatives announced by the US Federal Reserve, the share price has staged a strong rebound, climbing as much as 10% over the past two sessions.

China crush margins still sub-optimal
However, we are still not convinced that there is a structural improvement in WIL’s near-term fundamentals. First, crush margins in China for its Oilseeds business continue to remain sub-optimal, as the industry is still flushed with excess crushing capacity. Management also previously said that it only expects the surplus crushing capacity to be fully absorbed in 2014. And we think this is further exacerbated by the still-volatile movements in soy and other raw material prices.

Likely limited room for price hikes
Secondly, we think that its cooking oil products could continue to face price freeze even as China acts to further stimulate the domestic economy, given growing unemployment and inflationary concerns. According to media reports, the Chinese government continues to monitor rising soymeal and cooking oil prices closely; even meeting with some major crushers, including WIL and Cofco Group, to express concerns about soymeal prices and “excessive speculation” on them . As such, cooking oil makers like WIL could face margin compression due to rising input prices.

Higher risk-on approach but…
Nevertheless, we note that the market is adopting a more risk-on approach on the back of QE3. Hence we raise our valuation peg from 12.5x to 13.5x, which sees our fair value edging up from S$2.90 to S$3.06 (still based on blended FY12/13F EPS). But as the fundamental outlook is still rather muted, we maintain HOLD; and investors may consider taking profit around S$3.40 or higher.

http://203.116.27.184/pdf_reports/company/Wilmar-120918-OIR.pdf

fbb05

我买了。。
希望不会做错决定

andyyong

fbb05 发表于 24-9-2012 10:20 PM
我买了。。
希望不会做错决定

你买多少钱？

fbb05

andyyong 发表于 25-9-2012 03:50 PM
你买多少钱？

3.14
希望它以后会恢复正常水平。。
希望这么差的业绩只是短暂的

icy97

家乐氏与丰益国际组合资以在中国拓展零食业务
http://www.sharesinv.com/zh/articles/34312/

文： 道琼斯通讯社 （译：伍丽芳） 2012年09月25日 道琼斯通讯社
由于家乐氏(Kellogg Company)欲在增长快速的中国零食市场扩充业务，它已同意与丰益国际(Wilmar International)组合资，以在中国生产、销售及分销谷类食品和零食。

家乐氏的总裁拜恩(John Bryant)说：“单是中国零食市场的市值预计将在年底前达到120亿美元，比2008年高出44%。这项合资将为我们在中国的业务带来增长，并从根本上改变我们在中国市场的地位。”

家乐氏指出，中国预计将在未来5年内成为全球最大的食品与饮料市场。它表示谷类食品消耗量目前是由快速增长的牛奶消耗量所推动，而且消费者也开始选择以健康和方便准备的谷粮当早餐。零食也具有很大的增长潜能。

上述合资公司将设在中国上海。

新加坡公司丰益国际是亚洲一家领先的农业综合企业。其中国全资子公司益海嘉里投资公司将会参与该项合资。

在这项合资中，丰益将负责在中国提供基建设施、供应链、销售与分销网络，以及有关中国市场的信息。该合资公司将销售家乐氏和品客(Pringles)品牌的产品。

以果酱土司饼干(Pop-Tarts)、米花(Rice Krispies)及营养谷片(Nutri-Grain)等品牌著称的家乐氏，因欧洲经济疲弱和美国一些产品如Morning Foods及Kashi的销售下降而令其销售受到了考验。公司的盈利最近也受压，由于它为了避免近几年来召回两个主要品牌产品的历史重演而增加投资，加强其供应链。

家乐氏表示，为了支持所推出的产品，它计划投放更多资金在广告宣传上。公司于5月以约27亿美元从宝洁公司(Procter & Gamble Company)买下品客薯片业务。

家乐氏在上个月表示，其次季盈利下滑12%，部分原因是国际销售减少使公司蒙受综合费用。

家乐氏的股价在上周五(2012年9月21日)以51.45美元报收，其股票在开市前时段(premarket)并不活跃。这只股在过去3个月内上升了5.1%。

fbb05

终于有好消息了。。

icy97

Wilmar-Kellogg JV's immediate benefits limited: OCBC
http://www.theedgesingapore.com/the-daily-edge/business/40231-wilmar-kellogg-jvs-immediate-benefits-limited-ocbc.html

Mon, 1 Oct 13:27
Wilmar’s JV with Kellogg  to distribute the US cereal-maker’s snacks in China will offer the Singapore company a long-term boost, without immediate benefits, OCBC says.

While Kellogg expects China’s snack-food market to reach US$12 billion ($14.8 billion) by end-2012, OCBC notes the market is currently fairly fragmented and competitive.

Kellogg doesn’t currently have China manufacturing facilities, meaning it will need to import its products from places such as Thailand and South Korea, raising its prices, it notes; Wilmar expects the JV to
distribute products to larger first-tier cities first, before moving into manufacturing snacks in China, it says.

“Overall, we do see potential in the JV,” OCBC says, noting it will allow Wilmar to monetize its extensive China distribution channels and to diversify into manufacturing of snacks and other food items, which
could offer ready customers for its upstream products. “However, initial contribution will likely be small and become more meaningful in 2014.”

It keeps a Hold call with S$3.06 fair value. The stock is down 1.5% at $3.20.

fbb05

今天大跌啊
发生了什么事情？

Yangyang1982

fbb05 发表于 3-10-2012 11:39 PM
今天大跌啊
发生了什么事情？

还好啦--＞没大跌
再等破三块。。hiii hiii

jackphang

fbb05 发表于 3-10-2012 11:39 PM
今天大跌啊
发生了什么事情？

油棕跌价。现在回稳。

天然夜行者

油棕价跌到3 years low
看来有排跌
等进场等了好久
如果可以short就大赚了

fbb05

不要再跌了
不然我损失大了。。

Yangyang1982

fbb05 发表于 4-10-2012 09:32 PM
不要再跌了
不然我损失大了。。

再接再厉
今天要进场！！1lot ..一点一点累积

Yangyang1982

这个人认为巳经谷底了。。最多再跌到2.80-2.99
不用多想它的生意量（亏\赚），当做买它股票等于买它的土地
**不好意识，本人读书不多

fbb05

我也确信它会恢复真正的价值
但是就是捞不到底
它还会再跌。。
今天又跌了不少

Yangyang1982

fbb05 发表于 8-10-2012 11:29 PM
我也确信它会恢复真正的价值
但是就是捞不到底
它还会再跌。。

长期投资。。一点一滴漫漫收藏着（我老爸就是这样）
到了你退休年龄时，这股票就是经济依靠。。
我想信不到三年会翻倍，但我还是不卖

Yangyang1982

assange 发表于 13-9-2012 10:30 AM
今天到了2.99。在消息宣布时还会再来一波大的！！！目标价可以锁定2块以下了

真的有那一波大的？？
油棕价（现在）CPO 2000-2300 会维持到明年头＜＜＜是这一波吗？
还是 中国经济下滑影响到生意量以及利润 ＜＜＜一波？？？
本人也很期待。。
失去机会2.99买进（排不到）
现在3.13照买，不管了（一粒）