Singapore Stock Market News
Wilmar International - Strongest 2Q core net profit since 2011
StockFanatic
Publish date: Tue, 14 Aug 2018, 12:16 PM
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■ 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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