Highlights

Simons Trading Research

Author: simonsg   |   Latest post: Thu, 13 Jun 2019, 11:39 PM

 

Wilmar International - 2Q18 Strong Set of Results

Author:   |    Publish date:


  • Wilmar reported its strongest 2Q performance since 2011 in 2Q18 with a core net profit of US$352m. Results were above our expectations as the tropical oils and oilseeds & grains divisions’ margins were stronger than expected.
  • The better q-o-q and y-o-y PBT was supported by better crushing volumes and higher crushing margin.
  • We may adjust our earnings forecasts post-briefing to take into account contributions from Renuka Sugar after Wilmar increases its stake to 58.34%.
  • Maintain BUY and target price of S$3.90.

Source: UOB Kay Hian Research - 14 Aug 2018

Share this
Labels: Wilmar Intl

Related Stocks

Chart Stock Name Last Change Volume 
Wilmar Intl 3.48 -0.01 (0.29%) 5,547 

  Be the first to like this.
 


 

147  119  159  676 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Genting Sing 0.885+0.005 
 SingTel 3.33-0.02 
 Jasper Inv 0.0040.00 
 ThaiBev 0.8350.00 
 Synagie 0.128+0.001 
 Rex Intl 0.069-0.002 
 Thomson Medical 0.063+0.002 
 NetLink NBN Tr 0.85+0.005 
 AEM 0.995-0.005 
 LionGold 0.0010.00 
Partners & Brokers