Agribusiness
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Daily Markets Briefing: STI down 0.5%; Top stock is ThaiBev
ThaiBev is the top stock with a 3.03% increase.
Wilmar International CEO boosts stake with 1 million share buy
He now owns a 14.07% stake in the company.
Food processing/ manufacturing firms increase by 8%
There are 2,171 food processing/manufacturing establishments in Singapore.
Local vegetable and seafood production dip in 2023
Energy price hikes and rising manpower costs impacted local production.
TSH Resources Berhad profit drops 34% in 1Q24
The company attributed the dip to revenue decline.
Golden Agri Resources net profit plunges 60% YoY to US$37m in 1Q24
The company's gross profit and EBITDA also declined.
Currency woes overshadow Bumitama's revenue rise in 1Q24
Net profit for the period fell 23.5% YoY to IDR 328.4b.
Wilmar secures US$100m ESG-linked loan from Maybank
Maybank will lower the interest rates in tiers as Wilmar meets ESG goals.
Rize eyes tech boost, expansion through $18.95m Series A funding
The company targets growing its team of agronomists to over 100 to reach more rice farmers in 2024.
Olam Agri raises offer for Namoi to A$0.70 per share
Namoi's biggest shareholder has backed Olam's offer.
Olam jacks up Namoi Cotton acquisition bid to $0.62 apiece
This applies whether or not at least 90% of Namoi will be obtained.
Japfa's 1Q24 profit rebounds to $16.93m
A year ago, the company recorded a $58.55m loss.
Indofood Agri taps former EDB chief Philip Yeo as board chairman
He began his duties as chairman on 1 May.
Olam bids $0.59 per share for Namoi Cotton acquisition
The offer may rise to $0.62 if Olam Agri secures 90% of Namoi’s shares by offer end.
Wilmar’s Q1 net profit plunges 22.6% YoY
Lower earnings from some of its business units and investments in China pulled Wilmar’s net profit down.
First Resources refutes ties to rainforest clearing in Indonesia
Independent advisor to review First Resources’ practices.
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