Proposed final single tier dividend of 13 sen per share

EX-date 15/05/2013
Entitlement date 17/05/2013
Payment date 03/06/2013

An interim single tier dividend of 8 sen per share for the financial year ending 31 December 2013.

EX-date 06/09/2013
Entitlement date 10/09/2013
Payment date 27/09/2013

PPB to benefit from Wilmar’s 3Q results

PPB will benefit from the strong third quarter results of Singapore-listed Wilmar International Ltd, its 18.3%-owned subsidiary. Quarter on quarter, Wilmar’s 3Q13 core net profit surged 59% to US$391 million due to the stellar performance from its OAG division and the good growth in consumer products segment.

Wilmar China’s crush margin was strong in 3Q13 due to delayed arrival of soybeans from South America and shortage of alternative meals.

For nine months to Sept 30, Wilmar posted 9M13 core net profit of US$950 million, which Kenanga said was in line with consensus expectations as it makes up 73% of the consensus’ full year forecast of US$1.30 billion.

“PPB is poised to benefit from Wilmar’s earnings recovery as more than 60% of PPB earnings are derived from Wilmar.”