For the coming 1QFY2024 results announcement on April 29, Wilmar is seen to report "flattish" to "marginal growth" y-o-y, the UOB Kay Hian analysts say, as they keep their "hold" call and $3.35 target price.
Wilmar International is likely to see merely "minimal" damage and impact on its operations after its tank terminal in Ukraine was hit by a Russian missile.
According to UOB Kay Hian's Leow Huey Chuen and Jacquelyn Yow Hui Li in their April 22 note, Europe as a whole made up 3.5% and 2.% of Wilmar's FY2023 total revenue and assets respectively, with Ukraine's contribution at less than 1%.
