Wilmar gets boost from surge in crude palm oil prices

Prices rose above 50% YoY to $992.

Agricultural firm Wilmar experienced strong performance in the tropical oils segment as crude palm oil (CPO) prices have risen above $992 (MYR3,000), a 50% jump YoY, and is expected to balance the weaker midstream refining segment.

According to a RHB report, the price gap between CPO and gasoil (GPO) is now in the negative territory of -$193 (US$143)/tonne. However, utilisation mandate could be maintained due to Indonesia’s B30 mandate and subsidies in the Biodiesel Fund.

Subsidiary Yihai Kerry’s shares is expected to have a positive performance post-listing due to a strong brand name in China, the report noted, as its edible oil, rice and flour products all have leading market shares in the country.

Wilmar is currently waiting for regulatory approval on its China listing, with the key concern on delays in approval which could shift the IPO valuation base year to FY2019, which experienced weaker earnings in the oilseeds and grains segment. But this is not a major concern, RHB said.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia