Agribusiness

Olam International arm prices US$120m US debt private placement
21 May 19
The notes were placed to nine investors at a fixed rate of 3.89% for five years.
First Resources' profits dropped 55.7% to US$12.29m
15 May 19
It blamed weaker palm oil prices despite higher sales volumes.
Golden Agri Resources profits climbed 53.5% to $25.07m in Q1
14 May 19
It was bolstered by improved performance from its palm, laurics, and other segments.
Olam's profits grew 6.9% to $168.88m in Q1
14 May 19
The higher contributions from edible nuts and cocoa boosted earnings.
Wilmar International profits jumped 26.4% to $349.3m in Q1
13 May 19
Pre-tax profit in the tropical oils segment skyrocketed 81% to $250.88m.
Japfa's profits plummeted 53% to US$7.81m in Q1
2 May 19
It blamed weaker operating profit from PT Japfa Tbk, which suffered from low broiler prices.
Daily Briefing: Singapore's private banks struggle to hire and retain RMs; Biotech startup RWDC Industries raises nearly $30m in series A funding
23 Apr 19
And the Transport Minister hopes that the agreement to suspend the RTS would be finalised soon.
Daily Briefing: Land-starved Singapore makes room for urban farms in food security push; Hotel Properties acquires Marriott Hotel for $30.56m
16 Apr 19
And Tuas Checkpoint will soon feature a contactless immigration system.
Olam clinches three-year digital loan for $474.35m
2 Apr 19
It will support the firm’s efforts towards digital transformation.
Wilmar's China unit set for $12-13b market cap upon Shanghai IPO: analyst
22 Mar 19
It is backed by its ARAWANA brand for cooking oil, pack rice, flour, and pack dry noodles.
Wilmar to takeover Goodman Fielder for US$180m
12 Mar 19
Goodman Fielder manufactures food ingredients and consumer branded food for Australasia.
Government aims to have 30% of food to be locally-produced
8 Mar 19
Environment and Water Resources minister aims to use new tech solutions to raise productivity of farms.
Singapore to develop 18ha agri-tech innovation park
5 Mar 19
It should be ready from Q2 2021, trade and industry minister Koh Poh Koon said.
First Resources' profits dipped 12.9% to $162.3m in 2018
1 Mar 19
Growth in production volumes outweighed overall sales volumes during the year.
Olam's FY2018 profits plummeted 40.1% to $347.87b
28 Feb 19
It had a large exceptional $149.4m gain recorded in 2017 primarily from the sale of its 50% stake in FEA.
Bumitama Agri's profits slipped 8% to $105,712.65 in 2018
27 Feb 19
It blamed weakening agriculture commodity prices and foreign exchange losses.
Olam buys 85% stake in Indonesia's largest cocoa processor for $121.31m
27 Feb 19
The acquisition will add 150,000 metric tonnes of cocoa bean processing and capacity.
Golden Agri Resources lost US$1.77m in 2018
27 Feb 19
It blamed softer CPO prices and the losses from its joint venture.
Wilmar's FY2018 profits dropped 5.7% to US$1.13b
26 Feb 19
It blamed the African swine fever outbreak in China and weaker commodity prices.
Olam to invest $4.75b in key businesses until 2024
25 Jan 19
It will sell some of its assets to make its six-year strategic plan happen.
Olam International to shut its sugar trade desk
9 Jan 19
The decision comes after raw and white sugar futures finished 2018 at a ten-year low.
Wilmar braces for weaker soymeal demand and lower Q4 profits: report
20 Nov 18
Buyers have stocked up soymeal as they prepare for a potential shortage.
Daily Briefing: Wilmar may invest up to $1.38b in Russian soybean production; Lee warns ASEAN may need to choose over US or China amidst trade war escalation
16 Nov 18
And Scoot to move its operation to Changi Airport Terminal 1 by 2019.
Golden Agri's 6% output growth trailing behind peers and industry: analyst
16 Nov 18
The firm’s ‘floating rate’ borrowings also pose a threat to its earnings.
Wilmar set to weather through trade jitters
15 Nov 18
It is poised to be the largest downstream player in palm oil processing.
Olam International Q3 profits fell 14.2% to $20.7m
14 Nov 18
It blamed tough trading conditions in coffee and weaker performance from its peanut business and commodity financial services.
Golden Agri-Resources hit by $74.51m loss in Q3
13 Nov 18
Revenue from the oilseeds segment dropped 23.2% to $499.93m.
Wilmar Q3 profits jumped 18.2% to US$434.91m
13 Nov 18
It was backed by higher sales especially in its tropical oils segment.
First Resources Q3 profits climbed 22.2% to $53.76m
12 Nov 18
The increase was mainly driven by higher production volumes.
Chart of the Day: Here are the returns of the 5 biggest agri stocks in Q3
14 Oct 18
Wilmar’s returns hit 6.4%.
Weak crude palm oil prices could hurt Golden Agri
26 Sep 18
Demand contraction in EU and India could persist.
Here's a silver lining for agri stocks amidst the escalating trade war
24 Sep 18
Wilmar International and First Resources could benefit from cost reduction due to their currency exposure in Indonesian rupiah.
SEEDS Capital on the lookout for partners to invest in agrifood tech
12 Sep 18
They will provide up to $4m per deep tech startup.
Wilmar International buys rival Bunge's sugar operations
22 Aug 18
It includes both raw and refined sugar contracts.
Acquisitions could bolster Wilmar International to access new markets
19 Aug 18
The firm is on a buying spree with the latest acquisition priced at US$600m.
Wilmar International eyes China IPO
15 Aug 18
China contributed around 60% to the firm's pre-tax profits.
Golden Agri hit by $53.6m Q2 loss amidst weaker palm oil prices
14 Aug 18
Its oilseeds segment also succumbed to uncertainties caused by the trade wars.
Olam International profit crashed 36.4% to $93.91m in Q2
14 Aug 18
Weaker performance from the coffee, peanuts and edible oils segment hit earnings.
Wilmar International profit ballooned 436.6% to US$316.4m in Q2
14 Aug 18
It was pushed by the strong performances of oilseeds and grains and tropical oils segments.
Singapore-based feed producer Gold Coin sold majority stakes for US$550m
20 Jul 18
Shares were bought by the Aboitiz Group's Pilmico.

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