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3Q likely to be another solid quarter for Wilmar: UOB

PC Lee Published on Thu, Oct 18, 2018 / 4:34 PM GMT+8

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SINGAPORE (Oct 18): UOB KayHian expects another solid quarter for Wilmar International, supported by the oilseeds & grains and palm & lauric oils divisions.

Scheduled to release its 3Q18 results on Nov 12, UOB expects the Oilseed & grains division to post a higher profit before tax (PBT) as soybean crushing margins recovered in 3Q18 and festive demand remains high.

Better downstream margins from palm & laurics are also expected from higher utilisation rate. Key drivers were higher sales volumes on the back of higher biodiesel sales volumes in Indonesia, increase in exports and better refining margins on a higher utilisation rate.