Agribusiness
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AGRIBUSINESS |
13 Feb 13
316 reads
Find out the reason behind.
In a release, Noble Group Limited announced that Noble Chemicals France, a wholly-owned subsidiary incorporated in France, has been dissolved as of 8 February 2013. Read ››
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AGRIBUSINESS |
12 Feb 13
239 reads
It blames a shipment delay.
According to CIMB, Olam delivered a decent set of results despite the distraction of Muddy Waters’ accusations. Read ››
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AGRIBUSINESS |
11 Feb 13
396 reads
Net profit was just similar to finance cost.
MayBank believes that Olam's weakness in profit continues to stem from the increasing debt and overhead loads. Read ››
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AGRIBUSINESS |
08 Feb 13
268 reads
Olam profits up 21.3% in1HFY13.
Olam International Limited (Olam) recognizes the need for a “recalibration exercise” in the wake of the recent Muddy Waters’ incident; and expects to complete the exercise within the next three months. Read ››
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AGRIBUSINESS |
08 Feb 13
348 reads
Olam's numbers are ''dangerously high".
According to Muddy Waters analysis of Olam's Q2 2013 results, the firm retains its original investment thesis and Strong Sell rating on Olam’s shares. Read ››
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AGRIBUSINESS |
08 Feb 13
282 reads
Food segment sales volumes nearly doubled.
The Food segment's spectacular performance helped Olam International Limited (Olam) achieve a 21.3% growth in Profit After Tax and Minority Interest (PATMI) of S$197.3 million for H1 FY2013 compared to S$162.7 million in H1 FY2012. Read ››
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AGRIBUSINESS |
07 Feb 13
381 reads
Wilmar to lead the pack with 57% jump.
Read ››
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AGRIBUSINESS |
07 Feb 13
203 reads
Robust revenues foreseen in upcoming results.
Here's more from Maybank Kim Eng:
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AGRIBUSINESS |
04 Feb 13
302 reads
Rubber operator's stock code is “5VJ”.
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AGRIBUSINESS |
31 Jan 13
398 reads
It is now valued at S$104.4m.
According to a release, Halcyon Agri Corporation has successfully completed its placement, receiving strong demand for the 61 million shares on offer in its initial public offering. Read ››
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AGRIBUSINESS |
31 Jan 13
339 reads
Even if the debt is due this year.
According to OCBC, Olam International has completed the rights issue of US$750m in principle amount of 6.75% bonds due 2018, which also came with free detachable warrants.
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AGRIBUSINESS |
31 Jan 13
204 reads
It plans to acquire 50% of CMAA.
In a disclosure to the Singapore Exchange, Indofood Agri Resources said that its proposed acquisition of 50% of Companhia Mineira de Açúcar e Álcool
Participações (CMAA), a local sugar and ethanol producer in Brazil, will cost around $71.7 million and will be funded by internal cash. Read ››
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AGRIBUSINESS |
30 Jan 13
265 reads
15-30% consesus is too high.
According to Macquarie, it sees the upstream crude palm oil (CPO) sector entering a prolonged downgrade cycle: we expect CPO prices to fall short of consensus expectations on burdensome supply, while planters‟ costs continue to surprise on the upside, driven by rising labour costs in Indonesia.
Here's more:
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AGRIBUSINESS |
30 Jan 13
226 reads
Sugar production could potentially jump to 3.8m tonnes.
According to CIMB, Indofood Agri expects its Brazil mill to raise its sugar production from 2.1m tonnes in FY3/12 to3.8m tonnes in FY15. Read ››
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AGRIBUSINESS |
29 Jan 13
229 reads
This US$71.7m deal is set to be completed in 2013. Read ››
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AGRIBUSINESS, MARKETS & INVESTING |
25 Jan 13
1003 reads
See why investors are buzzing.
In a release, the Singapore-headquartered natural rubber producer Halcyon Agri Corporation Limited (Halcyon Agri) said that it is the first pure midstream Indonesia natural rubber player to be listed in Singapore, and that strong investor demand has led to the placement price of S$0.36 per share, giving the firm a market capitalisation of S$104.4m. Read ››
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AGRIBUSINESS |
18 Jan 13
398 reads
China-led recovery driving the earnings optimism, says Maybank.
Here's more from Maybank Kim Eng:
Read ››
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AGRIBUSINESS |
11 Jan 13
2161 reads
The price is trading at a discount.
Here's what Nomura has to say:
We have been getting a lot of questions on Olam’s rights issue. Read ››
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AGRIBUSINESS |
11 Jan 13
825 reads
Profit declines and cotton-market woes persist.
According to CIMB, global traders’ dismal profits had started in 2011 and persisted through 2012. Noble and Olam were not spared. Read ››
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AGRIBUSINESS |
10 Jan 13
314 reads
He continues to take hold his post as Executive Director. Read ››
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AGRIBUSINESS |
08 Jan 13
247 reads
The existing CFO, Johannes Tanuwijaya is re-designated to the position of Chief Strategy Officer. Read ››
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AGRIBUSINESS |
04 Jan 13
370 reads
The sector was the worst performer for 2012, tumbling 17.5%.
The Consumer Goods sector was the worst performing sector for 2012, tumbling 17.5% due mainly to CPO-related stocks and Supply Chain managers, said DBS Group Research. Read ››
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AGRIBUSINESS |
03 Jan 13
486 reads
It was 16% before the Muddy Waters allegation.
According to OCBC, Olam International recently revealed that Temasek Capital (Private) Limited has increased its deemed interest in the group to 19% as of 28 Dec 2012; this is up from around 16% before the Muddy Waters allegation on 20 Nov 2012. Read ››
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AGRIBUSINESS |
20 Dec 12
287 reads
He replaced Mr. Wihartono, who has been re-designated as Deputy Head of Housing Component Division to oversee the Group's house making business. Read ››
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AGRIBUSINESS |
20 Dec 12
335 reads
But yes, it's fair, says F&N advisers.
According to IG Markets, Fraser & Neave advisers JP Morgan have called OUE’s $9.08 a share offer for the conglomerate “not compelling but fair”. Read ››
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AGRIBUSINESS |
20 Dec 12
1401 reads
"Significant turnaround in profitability".
Here's more from Maybank Kim Eng:
Read ››
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AGRIBUSINESS |
19 Dec 12
487 reads
It juiced US$24m from the sale.
According to Phillip Securities, Wilmar announced that it has conditionally agreed to sell all of its 15% stake in Fortune Gas Investment Holdings (FGIH) to China Gas. Read ››
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AGRIBUSINESS |
18 Dec 12
524 reads
He joins the company after 25 years with Cargill International Trading Pte Ltd. Read ››
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AGRIBUSINESS |
12 Dec 12
994 reads
Olam's recent move to beef up balance sheet viewed risky. Read ››
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AGRIBUSINESS |
12 Dec 12
730 reads
World's largest producer of crude palm could drop to the lowest level in five months in Dec. Read ››
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AGRIBUSINESS |
12 Dec 12
424 reads
The sector braces for <US$100/barrel crude oil prices.
According to OCBC, ever since it downgraded the commodities sector to Underweight last year on the back of an increasingly gloomy global economic outlook, commodities stocks were among the worst performers in 2012. Read ››
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AGRIBUSINESS |
12 Dec 12
1204 reads
Its 3rd largest shareholder just slashed his stake.
According to OCBC, Noble Group could continue to encounter pretty muted investor interest in the near time as the recent Olam – Muddy Waters saga brings increased scrutiny to commodities-related companies, especially those with “complicated” business structures. Read ››
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AGRIBUSINESS |
10 Dec 12
4227 reads
"Hastily cobbled together" issue risky, says former Temasek honcho.
In an interview with IG Markets, Michael Dee, a former senior managing director at Temasek, reinforced comments that Olam should sell some of its own equity to raise capital not participate in an expensive bond-with-warrants rights issue. Read ››
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AGRIBUSINESS |
10 Dec 12
406 reads
Local and foreign expansion strategies looking solid.
Here's more from Maybank Kim Eng:
Read ››
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AGRIBUSINESS |
07 Dec 12
234 reads
He has the relevant experience, passion and leadership qualities to transform the Department with latest cutting edge technologies. Read ››
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AGRIBUSINESS |
07 Dec 12
407 reads
Here are 4 impacts on Olam.
Macquarie Securities commented that research firm Muddy Waters' recent call for insolvency is a 'stretch,' but stated that it should be admitted that Olam's transformation projects are taking longer than expected.
Here are the 4 impacts Macquarie cited:
1. Read ››
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AGRIBUSINESS |
07 Dec 12
801 reads
This is an executive appointment.
According to an SGX release, Golden Agri Resources appointed Hemant K Bhatt as its chief executive officer - commercial. His responsibilities include leading the strategy and the execution of the GAR group's global downstream ambitions as GAR builds on its end-to-end supply chain capabilities for greater value creation and efficiencies. Read ››
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AGRIBUSINESS |
06 Dec 12
363 reads
Olam, Noble Group among top 5 securities on loan.
According to IG Markets, Olam appears on the list of top five securities on loan by value under the SGX’s Share Borrowing and Lending programme based on a recent report from the exchange. Read ››
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AGRIBUSINESS |
05 Dec 12
238 reads
He will take charge of the Group’s finance and accounts department. Read ››
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AGRIBUSINESS |
05 Dec 12
533 reads
It's a hefty penalty of $160,000 in total.
According to OCBC, the Monetary Authority of Singapore (MAS) has fined two executives from Wilmar for insider trading where both men were involved in the company’s due diligence exercise on Kencana Agri’s plantations. Read ››
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