Invest Indonesia-Kencana Agri

1. Kencana Agri listed on SGX and trading at SGD0.42.
2. Wilmar came in as strategic alliance in August 2010 by bought over 20% share offer at USD38 million ( approximately SGD0.35 per share)
3. Futures growth of the company will very much depend on it non-planted areas and young age palm tree.

Landbank and Planted Areas:-















Palm Oil Tree Age Profile:-















Futures Growth:-

Investment Strategic:
1. Investment Horizon 2-3 years
2. Potential upside : 43% - 78% ( Target Price SGD 0.60 to SGD 0.74 based on PE13x on FY2012 and FY2013 )