Wilmar has done well

MilkTeaBro
2021-10-02

Wilmar International $丰益国际(F34.SI)$ 

A leading integrated agribusiness group with businesses ranging from upstream operations to production of consumer packs.

Three major business segments:

•Palm & Lauric Oil – Largest palm oil-based processor and has a market share of about 45% of global palm oil trades.Main operations are in Indonesia and Malaysia.

• Oilseeds & Grains – Second-largest soybean crusher and largest cooking oil producer in China.Operations mainly range from midstream processing to production of consumer packs (cooking oil, rice, and flour).

• Sugar – World’s largest sugar trader with strong presence in major producing countries – Australia, Brazil, Thailand.Owns major sugar millers and refiners in Australia.

Other businesses include trading of fertilisers and shipping mainly related to its 3 core businesses.

INVESTMENT RATIONALE:

  1. Dominant position in key markets
  2. Good earnings despite uncertain commodity market
  3. Catalyst:China A-share listed and strong growth in China
  4. Dividend yield around 3.5%
  5. Adani Wilmar IPO Back on track

Annual Report 2020

Annual report 2020

https://sginvestors.io/

@Tiger Stars 

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