Agribusiness
First Resources' profits dipped 12.9% to $162.3m in 2018
Growth in production volumes outweighed overall sales volumes during the year.
First Resources' profits dipped 12.9% to $162.3m in 2018
Growth in production volumes outweighed overall sales volumes during the year.
Olam's FY2018 profits plummeted 40.1% to $347.87b
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
It blamed weakening agriculture commodity prices and foreign exchange losses.
Olam buys 85% stake in Indonesia's largest cocoa processor for $121.31m
The acquisition will add 150,000 metric tonnes of cocoa bean processing and capacity.
Golden Agri Resources lost US$1.77m in 2018
It blamed softer CPO prices and the losses from its joint venture.
Wilmar's FY2018 profits dropped 5.7% to US$1.13b
It blamed the African swine fever outbreak in China and weaker commodity prices.
Olam to invest $4.75b in key businesses until 2024
It will sell some of its assets to make its six-year strategic plan happen.
Olam International to shut its sugar trade desk
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
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
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
The firm’s ‘floating rate’ borrowings also pose a threat to its earnings.
Wilmar set to weather through trade jitters
It is poised to be the largest downstream player in palm oil processing.
Olam International Q3 profits fell 14.2% to $20.7m
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
Revenue from the oilseeds segment dropped 23.2% to $499.93m.
Wilmar Q3 profits jumped 18.2% to US$434.91m
It was backed by higher sales especially in its tropical oils segment.
First Resources Q3 profits climbed 22.2% to $53.76m
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
Wilmar’s returns hit 6.4%.
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