Highlights

Singapore Stock Market News

Author: StockFanatic   |   Latest post: Fri, 18 Jan 2019, 6:17 PM

 

Wilmar International - Trade War Jitters

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



Maintain BUY with lower SOP-based TP of SGD3.51 from SGD3.59, 12% upside. We believe CPO prices have overreacted negatively to the trade war and expect to see some respite in 4Q18, post seasonal peak. However, given the larger-than-expected price reaction, we are cutting our CPO price assumptions for 2018-2019 to MYR2,400-2,500. Our earnings have been cut by 6-8% for 2018F-2020F. On soybean, we note that Brazilian soybean prices have risen and are now at a c.20% premium to US soybean prices. However, we believe Wilmar can still generate positive crush margins even at these price levels. Read More
Share this
Labels: Wilmar Intl

Related Stocks

Chart Stock Name Last Change Volume 
Wilmar Intl 3.82 +0.10 (2.69%) 3,023 

  Be the first to like this.
 


 

160  59  153  730 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 LionGold 0.0010.00 
 YZJ Shipbldg SGD 1.05+0.06 
 Rex Intl 0.075+0.007 
 Genting Sing 0.895+0.02 
 ThaiBev 0.8850.00 
 Capital World 0.020.00 
 Thomson Medical 0.06+0.002 
 Seroja Inv^ 0.085+0.007 
 AEM 1.16+0.03 
 IEV 0.03+0.001 
Partners & Brokers