Wilmar International

Analysts trim target prices on Wilmar following lower-than-expected 3QFY2024 - THE EDGE SINGAPORE

Broker's Calls

Analysts trim target prices on Wilmar following lower-than-expected 3QFY2024

Fequent share buybacks by Wilmar’s chairman and CEO, Kuok Khoon Hong has demonstrated the management's confidence in the company

Broker's Calls

KGI Asia maintains ‘buy’ call and TP of $3.60 for Wilmar International

This comes amidst an expected rise in palm oil prices.

Broker's Calls

Analysts lower TPs on Wilmar although improvements expected in 2HFY2024

Wilmar’s 1HFY2024 core net profit of US$603.3 million missed expectations at 44.8% and 38% of CGSI and RHB’s full year estimates.

Broker's Calls

RHB maintains 'neutral' on plantation sector, updates ESG scores

While RHB has kept the target prices for most of the planters unchanged, the analysts have trimmed Wilmar’s target price to $3.30.

Broker's Calls

CGSI expects Wilmar’s 2QFY2024 earnings to be ‘flat’; sees 2HFY2024 to be ‘better’

The lack of catalysts and negative news flow will “continue to weigh on” Wilmar’s share price in the near term, says CGSI.

Company in the news

Wilmar International increases stake in Pakistan-listed Unity Foods to 42.2%

Shares in Wilmar closed 3 cents lower or 0.96% down at $3.10 on June 28.

Insider moves

George Yeo raises stakes in Creative Technology and Wilmar International; SGX buys back shares

Yeo’s acquisitions came less than a month after executive director Kwang Toh Kay bought shares as well
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