Highlights

Simons Trading Research

Author: simonsg   |   Latest post: Fri, 16 Aug 2019, 5:27 PM

 

Wilmar International - Strongest 2Q Core Net Profit Since 2011

Author:   |    Publish date:


  • Wilmar delivered an almost tenfold jump in 2Q18 core net profit, thanks to better performances from its tropical oils as well as oilseeds and grains divisions.
  • The strong results were broadly in line with our and consensus expectations.
  • Another positive from 2Q is the interim tax dividend of S$0.035/share (+17% y-o-y).
  • However, the group said that a prolonged US-China trade war will negatively impact its crush margins due to lower plant utilisation.
  • Maintain ADD with SOP-based target price of S$4.10/share, due to its attractive valuations and plans to list its China operations.

Source: CGS-CIMB Research - 13 Aug 2018

Share this
Labels: Wilmar Intl

Related Stocks

Chart Stock Name Last Change Volume 
Wilmar Intl 3.72 -0.06 (1.59%) 8,704 

  Be the first to like this.
 


 

184  104  169  645 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 YZJ Shipbldg SGD 0.99+0.13 
 LionGold 0.0010.00 
 ThaiBev 0.885-0.02 
 KLW 0.0040.00 
 ISR Capital^ 0.0030.00 
 Mapletree NAC Tr 1.33+0.04 
 SingTel 3.21-0.02 
 Seroja Inv^ 0.078+0.046 
 Genting Sing 0.875+0.005 
 Synagie 0.162+0.01 
Partners & Brokers