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

 

Wilmar International - Strongest 2Q core net profit since 2011

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


■ 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% yoy).

■ 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. Read More
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Labels: Wilmar Intl

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