【PPB 4065 交流专区】PPB集团

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file:///C:/DOCUME%7E1/kwang/LOCALS%7E1/Temp/moz-screenshot.jpgfile:///C:/DOCUME%7E1/kwang/LOCALS%7E1/Temp/moz-screenshot-1.jpg

WILMAR INTERNATIONAL LIMITED
(Incorporated in the Republic of Singapore)

(Company Registration No. 199904785Z)

NEWS RELEASE
WILMAR SUCCESSFULLY LAUNCHED INAUGURAL CONVERTIBLE BONDS ISSUE OF UP
TO US$600 MILLION DUE 2012
Company Secures Long-term Funding to Support Business Expansion
Singapore, November 29, 2007 – Wilmar International Limited (“Wilmar” or the “Company”),
Asia’s leading agribusiness group, today announced that it has successfully launched a
convertible bonds issue of US$500 million (the “Firm Bonds”) with an option to issue up to an
additional US$100 million convertible bonds (the “Optional Bonds”) (collectively, the
“Convertible Bonds”).
The Firm Bonds have been fully placed to institutional investors and/or accredited investors. The
issue of the Convertible Bonds will allow the Company to raise significant longer term capital to
support the growth plans of its upstream and downstream businesses. Should the Convertible
Bonds be converted, Wilmar will also raise its public float and diversify its existing investor base.
The Convertible Bonds are convertible into shares of Wilmar (the “Conversion Shares”) at any
time within a specified conversion period during the 5-year tenure. The initial conversion price of
S$5.38 per share represents a premium of 28% over the closing price of Wilmar’s shares at
S$4.20 at noon, 28 November 2007, before the trading of its shares was halted.
The number of Conversion Shares to be allotted and issued by the Company, assuming the full
conversion of the Firm Bonds, is approximately 134.3 million (based on the initial Conversion
Price of S$5.38 and a fixed exchange rate of S$1.4451 to US$1.00 as of 28 November 2007 and
assuming no adjustments are made thereto), which represents approximately 2.1% of the issued
and paid-up shares of the Company as at 30 September 2007.
Wilmar intends to utilise the estimated net proceeds of approximately US$490 million (assuming
the option to subscribe for the additional US$100 million convertible bonds is not exercised)
primarily for capital expenditure, the repayment of existing debt facilities and for its working
capital purposes.
Application will be made to the Singapore Exchange Securities Trading Limited (“SGX-ST”) for
the listing and quotation of the Convertible Bonds and Conversion Shares on the Main Board of
the SGX-ST.
CIMB-GK Securities Pte. Ltd., DBS Bank Ltd. and Goldman Sachs (Singapore) Pte. are the Joint
Managers and Joint Bookrunners of the Convertible Bonds.

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publicpang

Malaysia's PPB Q3 net profit up 32.8 percent on Wilmar's contributionKUALA LUMPUR (Thomson Financial) - PPB Group Bhd said Thursday its third-quarter to September net profit rose 32.8 percent to 218.512 million ringgit mainly due to higher contribution from associate company Wilmar International Ltd.
It did not say how much the Singapore-listed Wilmar contributed to the group's profit.
Wilmar owns palm plantations in Indonesia and Malaysia and would have benefited from soaring crude palm oil prices.
Lower raw sugar prices and increased sales in the grains trading, flour and feed milling division also contributed to the bottom line, it said in a filing to stock exchange.


PPB is a diversified conglomerate engaged in sugar refining, flour milling, edible oils processing, environmental engineering and property development.
The group said revenue for the quarter was 760.425 million ringgit, up from 706.798 million a year ago. It did not declare any dividends for the quarter.
'The group's sugar refining and other divisions including our associate company Wilmar are expected to perform satisfactorily for the full year,' PPB said.
Nine-month revenue rose to 2.178 billion ringgit from 1.919 billion the year before. Net profit increased to 6.90 billion ringgit from 407.499 million.
PPB shares closed Thursday's trade up 20 sen or 2 percent at 10.30 ringgit.

web

原帖由 34350 于 27-11-2007 05:43 PM 发表
PPB Hartabina 新世界饮食中心, 可以说是槟岛最舒适的饮食中心。

http://img527.imageshack.us/img527/7508/img09320rt4.jpg

这个不是在 Swatow Lane 的吗？
东西不是很好吃。

publicpang

Chapter 1. Short profile of the Wilmar Group

1.1 Background of the Wilmar Group

The Wilmar Group was founded in 1991 in Singapore and now is one of Asia’s largest palm oil refiners
and crushers of copra and palm kernel. Wilmar Group also is a sizeable oil palm plantation owner with
extensive palm fruit processing mills in Indonesia. The Group plans to become one of the world's
largest producers of palm biodiesel.
The Wilmar Group is active in the entire value chain of the palm oil business, from oil palm
cultivation and milling, to the refining, processing, branding, merchandising and distribution of a wide
range of palm oil, laurics and related products. The Group markets its products to more than 30
countries around the world. In China, it is a leading processor of oilseeds and edible oils and a leading
distributor of branded edible oils. It is one of India's largest edible oil refiners and distributors of
branded edible oils. The Wilmar Group is also a leading importer of edible oils into East and South
Africa and the Ukraine.i
The holding company of the Wilmar Group is Wilmar Holdings Pte. Ltd. In Singapore. This company
was founded in 1991 by Kuok Khoon Hong, a nephew of the Malaysian tycoon Robert Kuok, and the
Indonesian businessman Martua Sitorus. As Kuok is nick-named William, the name Wilmar probably is
a combination of the names of the two founders.
Later the American commodity trader ADM and the Chinese procurement agency COFCO became
shareholders.ii
The American business magazine Forbes in September 2006 listed Martua Sitorus among the
top-15 of richest men in Indonesia, with an estimated personal wealth of US$ 475 million.iii
In August 2006 a subsidiary of the Wilmar Group, Wilmar International, was listed on the Singapore
stock exchange via a reverse take-over. This subsidiary holds the oil palm and related activities of the
Wilmar Group in Indonesia and Malaysia, but not its activities in China, India and Africa. iv
In 2005 Wilmar International realized annual sales amounting to US$ 5,302 million, resulting in a net
profit of US$ 105 million.


http://www.foeeurope.org/publications/2007/Wilmar_Palm_Oil_Financers.pdf

publicpang

1.2 Oil palm plantation holdings

The Wilmar Group owns a large number of oil palm plantations and CPO mills in Indonesia.
At the end of 2005 the Group owned an aggregate of approximately 69,217 ha of oil palm plantation
land, of which 49,809 ha were planted. Additionally, the Group administered. approximately 38,102 ha
of oil palm plantation land for smallholders under the Plasma Programme in Indonesia.vi
During 2006 the Wilmar Group has expanded its oil palm plantation acreage considerably:
· In August 2006 Wilmar International (partly together with ADM) acquired five plantation companies
with a combined land bank of 85,000 hectares in Kalimantan (Indonesia) for a total sum of US$ 5.8
million. Of the total landbank 750 ha has been planted and another 1,200 ha has been cleared;vii
· Also in August 2006 two Wilmar subsidiaries secured new land interests over approximately 25,000
ha. in Sambas and Sangau in West Kalimantan; viii
· In September 2006, Wilmar International acquired the oil palm plantation company PT Asiatic
Persada from CTP Holdings (see paragraph ). PT Asiatic Persada owns 30,000 hectares of plantation
land in Jambi of which approximately 12,700 hectares are planted. Until November 2005 the
company was owned by Actis (formerly the CDC Group, United Kingdom), which sold it to CTP
Holdings.ix
3

The total landbank of Wilmar International’s oil palm plantation subsidiaries at the end of 2006
amounted to about 210,000 hectares, of which about 66,367 hectares are planted.x The Wilmar Group
plans to plant the rest of its landbank in the coming seven years. xi
The Wilmar Group also owns and operates 18 edible oil refining plants with a total capacity of 5.4
million metric tonnes per annum.xii Raw materials, including fresh fruit bunches, copra and crude palm
oil, are sourced from its own plantations and CPO mills, but also from third party suppliers. Wilmar’s
own plantations supply approximately 25% of its mill requirements.
Wilmar’s customer base includes Procter & Gamble, Cargill, Unilever, Nestle, Arnott Indonesia,
Hindustan Lever, Nirma, VVF, China Grains & Oils Group, Beijing Heyirong Cereals & Oils, Beijing
Orient-Huaken Cereal & Oil, China National Vegetable Oil Corporation and Savola.xiii
At present the Wilmar Group is expanding into the bioenergy sector through the construction of three
biodiesel plants in Riau (Indonesia) with a total capacity of 1,050,000 tonnes per annum (350,000
ton/year each). The three plants are expected for completion in January 2007, 2nd quarter of 2007
and 3rd quarter of 2007. Total investment costs amount to US$ 55 million.

publicpang

看了他的土地...我要流口水.....

他的LANDBANK =  210,000 HA = 1/3 SD

资本雄厚...无话可说...顶....

[ 本帖最后由 publicpang 于 29-11-2007 10:25 PM 编辑 ]

publicpang

1 HA = 2.5 个足球场..

210,000 HA =  525,000 个足球场..

66,367 HA = 32% 已种植....68%..发展潜能...爆....

小巴菲

原帖由 publicpang 于 29-11-2007 10:56 PM 发表
1 HA = 2.5 个足球场..

210,000 HA =  525,000 个足球场..

66,367 HA = 32% 已种植....68%..发展潜能...爆....

1HA=几公顷？

publicpang

1HA=1公顷

小巴菲

原来HA就是英文的翻译，不好意识，英文不好.....

publicpang

历史新闻回顾:

Published : Fri, 28 Sep 2007 09:14
By : Agencies
Print this Story

  


KUALA LUMPUR (Thomson Financial) - DBS Vickers Research said Friday it is raising its target price for Malaysia's PPB Group Bhd to 11.00 ringgit per share from 9.85 previously on hopes of higher earnings contribution from its new associate, Singapore-listed Wilmar International.

The research house has kept its 'buy' call on the stock.

Wilmar is one of the largest integrated producers, refiners and merchandisers of vegetable oils and agricultural commodities in the world. It owns palm plantations in Indonesia and Malaysia.

In a merger deal announced late last year, PPB sold its plantation operations to Wilmar in an all-shares deal. After the completion of the merger, PPB held 18.2 percent of Wilmar.

The Singapore company is benefiting from the growing Chinese and Indian markets as well as price rallies in soybean and palm oil products due to lower global production, it said.

DBS Vickers said it believes the recent surge in PPB's share price is a good reflection of its strong leverage to Wilmar, which is expected to account for 59 percent of PPB's 2008 net profit.

Although PPB's share price has improved 34 percent over the last four weeks, DBS Vickers said it believes there is further upside as it is still acheaper proxy to Wilmar at 16 times 2008 price earnings ratio against 23 times for Wilmar.

'There is another 10 percent upside to our target price if Wilmar is valued at a target price of 4.10 Singapore dollar per share,' the brokerage said.

It said there is also a potential increase in dividend payout for 2007 after PPB recorded a gain of 6.4 billion ringgit in the first-half from the disposal of PPB Oil Palms Bhd, PGEO Group and Kuok Oils and Grain Pte Ltd to Wilmar.

Meanwhile, PPB's capital expenditure requirement will be reduced from 910 million ringgit to 342 million over the next few years after the disposal, and this will free up 568 million ringgit or 0.48 ringgit per share, which may be distributed to shareholders, it said.

At 3.32 pm, PPB shares were up 5 sen or 0.5 percent at 9.25 ringgit.

小巴菲

32%=就RM10.30，100%=就RM32.00。PANG老师我算对吗.......

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Wilmar 拥有的地库大约有 570,000 ha, 截止第三季度的报告已经种植的面积也已经达到 230,000ha

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森那美上市成焦點　大型投資計劃或制限溢價

(吉隆坡28日訊)即將于周五(30日)在大馬交易所上市的森那美(前稱SynergyDrive，聯合動力)，上市股價表現將成為市場焦點，分析員預計，其股價有望在首天取得6至7%的溢價。
不過，分析員擔憂，該公司對非核心業務的龐大投資活動，所帶來的沉重負債，或將為該公司的前景蒙上陰影。
雖然如此，整體而言，分析員還是給予該股正面的投資評價，目標價介于11.75令吉至13.65令吉之間。
由8家上市公司合併而成的聯合動力，今日易名森那美，並將于周五在大馬交易所隆重登場，憑藉龐大的種植地庫，該公司將成為全球最大的上市種植公司。

以市值計算，森那美則將是全球市值第二大的種植公司，市值有望超過550億令吉，僅次于豐益國際（Wilmar International）。

雖然如此，一些分析員卻對森那美有意投資210億令吉，收購巴貢水壩的60%股權，以及承接海底電纜工程感到擔憂，因為這將導致原本沒有負債的該公司，陷入財務緊縮的情況。
一名基金經理指出，市場對森那美收購巴貢水壩股權，這項非核心業務的投資有點擔憂。
在沒有巴貢水壩的情況下，該公司在上市當天將能開出紅盤。
不過，以目前的情況來看，他認為森那美在上市當天的看頭料將欠捧。
首日上市溢價料7%
他估計，森那美在首日上市的上漲幅度，將只有6到7%，肯定不會超過10%。
森那美的上市參閱價為8.90令吉，本益比為21倍。這個價位很明顯的低于IOI集團的26倍與豐益國際的31倍。
僑豐投行分析員杜西娜認為，森那美並非純種植公司，因此，不應該將該公司與IOI集團和豐益國際同台比較。
她對于森那美的管理層與大股東深具信心，並相信這也是投資者所關心的事。
她給予該股13.65令吉的目標價位。
艾芬投行分析員則給予該股11.75令吉的目標價，並建議「買入」該股。
雖然森那美沒有說明股息政策，不過，由于其大股東為國民投資公司與土著股票基金，因此，分析員相信，該公司將保持穩定和可觀的派息率。

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今天上市的森那美拥有的地库大约 600,000 ha
而 Wilmar 的地库是 570,000 ha
如果 Wilmar 与 Olam 在非洲联营的 NAUVU 公司成功联营的话,Wilmar 的地库有望超越 Simedarby 成为全球最大地库的种植集团公司.

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对啊! 是汕头巷(Swatow Lane), 那里的东西口味蛮适合我的, 选择多, 在那里吃东西感觉上会比较舒服, 没有其它地方那么热, 泊车位很多比较方便, 座位也比较宽敞.

publicpang

原帖由 34350 于 30-11-2007 02:49 AM 发表
Wilmar 拥有的地库大约有 570,000 ha, 截止第三季度的报告已经种植的面积也已经达到 230,000ha

哈...还是你的资料UPTODATE....厉害....我是断章取义....PAISEH....

publicpang

原帖由 34350 于 30-11-2007 03:15 AM 发表
今天上市的森那美拥有的地库大约 600,000 ha
而 Wilmar 的地库是 570,000 ha
如果 Wilmar 与 Olam 在非洲联营的 NAUVU 公司成功联营的话,Wilmar 的地库有望超越 Simedarby 成为全球最大地库的种植集团公司.

这个只是时间问题......我有信心...

要从WILMAR INT得到回酬...可以买入PPB.....