Wilmar International Ltd. fell to a minimum of six months, analysts at Citigroup and Goldman Sachs Group Inc. into question the justification for entry into the world's biggest palm oil business in the real estate market.
Wilmar agree with Kerry Properties (China) Ltd. and hotel operator Shangri-La China Ltd. to establish joint ventures to develop properties in the province of Liaoning in China, Singapore-based trader said on late Monday in a statement. Wilmar to invest about $ 134,000,000 business.
Wilmar fell by 4.1 percent to S $ 5.68 at 24:11 local time, its lowest level since 9 June. This action has continued for a third day, the fall of this year to around 12 percent decline, compared with a gain of 8.7 percent in the benchmark.
"We are not satisfied with the fact that they are beyond the food industry expansion in terms of consumption," Penny Yaw said an analyst at Citigroup in a note to investors today. "This ownership stake in the joint venture is a first step, and we can expect more joint bids in the future. "
Goldman Sachs Group Inc. analyst Patrick Tiah and Nikhil Bhandari wrote in a note to clients today that the market react to "negative" for the company. "This seems to be a strong starting position of the main activities Wilmar processing of agricultural products and there may be problems in the management of lost focus."
Wilmar agree with Kerry Properties (China) Ltd. and hotel operator Shangri-La China Ltd. to establish joint ventures to develop properties in the province of Liaoning in China, Singapore-based trader said on late Monday in a statement. Wilmar to invest about $ 134,000,000 business.
Wilmar fell by 4.1 percent to S $ 5.68 at 24:11 local time, its lowest level since 9 June. This action has continued for a third day, the fall of this year to around 12 percent decline, compared with a gain of 8.7 percent in the benchmark.
"We are not satisfied with the fact that they are beyond the food industry expansion in terms of consumption," Penny Yaw said an analyst at Citigroup in a note to investors today. "This ownership stake in the joint venture is a first step, and we can expect more joint bids in the future. "
Goldman Sachs Group Inc. analyst Patrick Tiah and Nikhil Bhandari wrote in a note to clients today that the market react to "negative" for the company. "This seems to be a strong starting position of the main activities Wilmar processing of agricultural products and there may be problems in the management of lost focus."
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