Agribusiness
Wilmar International FY2020 net profit surges 18.6% to US$1.53b
Wilmar International FY2020 net profit surges 18.6% to US$1.53b
Its revenue for FY2020 increased 18.5% to US$50.53b.
ABC World Asia invests in agribusiness firm
Agri-tech firm CropIn will use the capital infusion for global expansion and analytics platform.
UOB grants $272m sustainability-linked loan to Wilmar
ESG ratings provider Sustainalytics will measure Wilmar’s performance.
Archer Daniels Midland to cut stake in Wilmar, sell shares for $685.28m
The company had a 24.6% effective stake in Wilmar as of 4 March.
Olam posts 44.4% profit growth to $332.7m in H1
It was thanks to a net exceptional gain of $130.6m from the divestments in Far East Agri.
Temasek and Bayer form new agribusiness venture
Dubbed as Unfold, it utilises the seed genetics from vegetable crops to develop seed varieties.
Wilmar's profit jumped 49.8% to $839.92m in H1
Interim tax exempt (one-tier) dividend for H1 is at $0.04 apiece.
Wilmar unit YKA expects 15-30% profit growth in 9M 2020
It has submitted for the final registration approval for its Shenzhen IPO.
Wilmar unit YKA gets green light for Shenzhen IPO
It now seeks the final registration approval from the China Securities Regulatory Commission.
Wilmar's YKA may reach $19.7b valuation in IPO: analyst
YKA is currently backed by strong investor interest, which jacked up its IPO target.
Olam secures $522.49m European revolving credit facility
The facility has a 364-day tenor and is guaranteed by the firm.
Halcyon Agri to issue new ordinary shares at $0.22 apiece
This will be done on the basis of one rights share for every two existing ordinary shares.
Singapore, France assure intact supply chain between markets
They aim to ensure that transport and delivery links remain open, including via air and sea freight.
First Resources posts US$22 million first quarter profit
The Indonesia-based plantation operator's strong start to the year is unlikley to be repeated in Q2.
Olam's PATMI grew 6.1% to $179.1m in Q1
It was thanks to gains from selling their stake in Far East Agri.
Golden Agri-Resources sinks to $135m net loss in Q1
Its earnings shrank following the new crude palm oil export tax and levy.
Optimistic times ahead for Wilmar: analyst
Consumer products and its HORECA operations are tipped to improve in Q2.
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