CGS-CIMB analysts Ivy Ng and Nagulan Ravi expect a good set of 3QFY2022 results from Wilmar, projecting the company to report a core net profit of US$600 million ($856 million) to US$650 million for the quarter — broadly in line with 2QFY2022’s US$652 million but higher than 3QFY2021’s US$576 million and Bloomberg consensus forecast of US$445 million.
Analysts from CGS-CIMB Research and UOB Kay Hian Research have maintained their “add” and “buy” ratings for Wilmar International with target prices (TPs) of $4.68 and $5.50 respectively.
Their reports come ahead of Wilmar’s 3QFY2022 results ended Sept 30, which is scheduled to be released after trading hours on Oct 28.
