Wilmar International

UOBKH downgrades Wilmar to 'hold' with lower TP of $3.80 on palm refining margin pressure - THE EDGE SINGAPORE

Broker's Calls

UOBKH downgrades Wilmar to 'hold' with lower TP of $3.80 on palm refining margin pressure

Wilmar’s 3QFY2023 earnings are likely to be weaker than UOBKH's initial expectations.

Investing strategies

A global stock trader's guide to navigating food inflation

Some of the food-trading stocks that may benefit from higher prices include GrainCorp, Wilmar and Shree Renuka Sugars
Wilmar chairman Kuok sees stake rise; Yangzijiang Financial resumes buybacks - THE EDGE SINGAPORE

Insider moves

Wilmar chairman Kuok sees stake rise; Yangzijiang Financial resumes buybacks

Wilmar chairman Kuok expects the current 2HFY2023 to be better than 1HFY2023

Broker's Calls

Alētheia Capital, citing debt load and poor returns, makes contrarian "sell" call on Wilmar

Wilmar expects 2HFY2023 numbers to be better than 1HFY2023

Broker's Calls

Analysts lower their TPs on Wilmar International after 52.7% decrease in 1HFY2023 earnings

They have also mostly lowered their earnings estimates after the results for the six-month period fell below their expectations.

Results

Wilmar reports earnings of US$550.9 million for 1HFY2023, eyes better second half

Wilmar expects new businesses such as condiments to contribute significantly down the road

Commodities

Adani Enterprises weighs exiting US$6 billion Wilmar venture

Deliberations are at an early stage and Adani Enterprises may decide to keep its stake
UOBKH upgrades plantation sector to 'overweight' on share price strengthening expectations - THE EDGE SINGAPORE

Broker's Calls

UOBKH upgrades plantation sector to 'overweight' on share price strengthening expectations

The upgrade also factors in operating margin expansion in 2H2023 and 2024.

Broker's Calls

Wilmar's ESG efforts 'commendable', company 'undervalued' against Chinese peers: RHB

“We believe the stock remains undervalued, trading at 11x 2023 price-to-earnings (P/E) versus its China-listed peers’ 20x-40x.”
×