Wilmar International (WIL)

“We like Wilmar for its favourable earnings prospects in 2020. The market could also be underestimating YKA’s potential value, which is set to be unlocked upon its ChiNext listing,” note the analysts.

Wilmar’s shares closed $4.86 on August 19, and opened 7.61% down at $4.49 when markets opened on August 20 following the news.

Analysts are all positive on Wilmar International’s prospects after the group posted strong 2Q20 earnings of US$329 million ($451.7 million) on Aug 11.

For 1H20, the board has declared an interim dividend of 4 cents per share, which will be payable on August 27.

Shares in Wilmar closed 2 cents lower, or 0.4% down, at $4.79 on August 6 prior to the announcement.

Here are three stocks to watch for the week: UG Healthcare Corp, Wilmar International, and Yoma Strategic Holdings.

Morgan Stanley are forecasting a 14% total return potential for Singapore equities over the next 12 months.

Wilmar leads the pack following a good 1Q20 start for palm oil, but Golden Agri Resources falls back into the red.

A consortium of investors led by Singapore-listed Perennial Real Estate Holdings announced on May 6 that they are selling a 50% stake in AXA Tower and transferring 50% of the outstanding loan to Alibaba Singapore.

A consortium of investors led by Singapore-listed Perennial Real Estate Holdings announced on May 6 that they are selling a 50% stake in AXA Tower for and transferring 50% of the outstanding loan, to Alibaba Singapore.