Agribusiness
Positive surprises ahead for Golden Agri-Resources
Positive surprises ahead for Golden Agri-Resources
The company is expected to post positive earnings in 3Q11, buoyed by still resilient crude palm oil prices.
Wilmar apparently not giving up on PCSMA
Wilmar subsidiary Sucrogen gets a second chance with PCSMA members voting once more in October on the purchase offer.
Moving on? Wilmar acquires sugar company in Shanghai
After failing to get the necessary support to purchase Proserpine Co-operative Sugar Milling Association, Wilmar acquired Yihai Kerry (Shanghai) Sugar...
Wilmar puts up Italian subsidiary
Wilmar Italia has an initial issued and paid-up capital of EUR10,000.
Olam acquires Hemarus Industries for almost $74m
The company also plans to invest an additional $6.6 million to expand sugar milling capacity.
Wilmar subsidiary fails to get support for acquisition
Sucrogen needed at least 75% positive votes to be given the green light but got only 70%.
Food segments drive Olam’s resilient earnings
Net contribution per ton rose 12.4% to S$145 in FY11.
Olam International full year profit up 23.6% to S$445mn
Successful execution of the company’s corporate strategy through selective and targeted integration upstream into plantations and midstream into...
Olam may have 29% YoY profit growth in FY 2011
This is on the back of 16% YoY volume growth led by strength in edible nuts and confectionery ingredients.
Wilmar’s net profit up 14.1% to US$393.1m in 2Q11
Its revenue also surged 56.2% to US$10.5b.
Golden Agri-Resources’ net profit drops 22% to US$179.9m in 2Q11
While its revenue surges 9.4% to US$1.6b.
Wilmar’s 5% price increase to pose ‘insignificant’ impact
Wilmar’s increased cooking oil prices may no longer restore its margin back to US$40/MT, says DBS.
Olam’s profit up 48% in 3Q11
It raised a total of S$740m through the issue of new shares and rights offering.
All quiet on the Wilmar International M&A front
The commodoties company has been ‘uncharacteristically quiet’ with only A$115m worth of acquisitions this year.
Olam International building up a ‘huge war chest’
That is with $740m from its latest equity‐raising and a recent $1.5b term loan, says Kim Eng.
Buy local produce: AVA
The Agri-Food & Veterinary Authority is urging consumers to support the local farming industry to raise self-sufficiency levels.
Wilmar International unaffected by China price caps
This, as Wilmar received some 1.2m tons of subsidized soy beans from the Chinese government, says OCBC.
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