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Author: StockFanatic   |   Latest post: Mon, 21 May 2018, 12:34 PM

 

Wilmar International - Why we still like Wilmar post its 1Q18 briefing

Author:   |    Publish date:   |  >> Read article in Blog website


■ We remain positive on Wilmar post its 1Q18 results briefing for three reasons.

■ Firstly, we expect the group to deliver better earnings in 2Q on a yoy basis.

■ Secondly, we expect the listing of its China operations, which could be worth more than Wilmar's current market cap of US$15bn, to catalyse its share price.

■ Thirdly, the group's current valuations are attractive from P/BV and P/E perspectives.

Maintain Add call with an unchanged SOP-based target price of S$4.10.
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Labels: Wilmar Intl

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Chart Stock Name Last Change Volume 
Wilmar Intl 3.23 -0.02 (0.62%) 3,004,000 

Market Buzz

Date Type Subject
17-May-2018 Announcement Disclosure of Interest/ Changes in Interest

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