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SINGAPORE: Kuok Khoon Hong pulled off a remarkable second act. The billionaire sold shares of his China business in the biggest ever initial public offering (IPO) on the Shenzhen Stock Exchange, thanks to the most popular cooking oil brand in the country.
KUOK Khoon Hong has pulled off a remarkable second act. The billionaire sold shares of his China business in the biggest ever initial public offering on the Shenzhen Stock Exchange, thanks to the most popular cooking oil brand in the country.
SINGAPORE: Singapore agribusiness Wilmar International said its China business, Yihai Kerry Arawana (YKA), was set to raise 13.9 billion yuan (US$2.06bil) in its proposed initial pubic offering (IPO).
KUALA LUMPUR (Reuters) - Palm oil companies, which have faced criticism in recent years of widespread deforestation, said on Monday that ensuring sustainability across the supply chain was the new business norm as scrutiny on responsibly produced palm oil mounts.
SINGAPORE: Despite deep cuts in the latest quarterly earnings of Singapore-listed companies and trusts, the worst is now behind them, said DBS Group Research in a market strategy report.
KUALA LUMPUR: PPB Group Bhd's second quarter net profit rose by 108% to RM332.73mil from RM159.97mil, boosted by its Singapore's agribusiness associate Wilmar International Ltd.
PETALING JAYA: Wilmar International Ltd’s first half net profit of US$559mil (23% jump year-on-year) was within expectations, and accounted for close to half of analysts’ consensus estimates, according to a Kenanga Research report.
AFTER five years of often back-breaking work on a Malaysian palm oil plantation, Bangladeshi national Babul told his employer this month he was ready to call it quits.
SINGAPORE: Equity analysts with Morgan Stanley are forecasting a 14% total return potential for Singapore equities over the next 12 months.
MORGAN Stanley is expecting a sustained rebound in Singapore’s stock market on an imminent recovery in domestic and global growth.