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Author: StockFanatic   |   Latest post: Fri, 19 Oct 2018, 02:02 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 3.01 0.00 (0.00%) 4,226,300 

Market Buzz

Date Type Subject
18-Oct-2018 Price Target Wilmar International - 3Q18 Results Preview: Likely to be Another Quarter of Solid Earnings
Source : UOB KayHian, Price Call : BUY, Price Target : 3.90
Last Price : 3.01, Upside/Downside : +0.89(29.57%)
19-Oct-2018 Announcement Financial Statements and Related Announcement::Notification of Results Release

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