Singapore Stock Market News

Wilmar International - Why we still like Wilmar post its 1Q18 briefing

StockFanatic
Publish date: Tue, 15 May 2018, 11:35 AM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
■ 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.
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment