Wilmar International (WIL)

Asean

Asean conglomerates may need Geneen’s spirit

The P/B valuations of the pure play companies like Thai Beverage are at a 10-year low, says contributor Nirgunan Tiruchelvam.

Results

Wilmar reports 3QFY2024 core net profit of US$208.1 mil, 35.7% lower y-o-y

In the 3QFY2024, the group’s revenue rose slightly by 0.4% y-o-y to US$17.75 billion despite higher sales volumes as most commodity prices were lower comparatively.
Wilmar’s chairman and CEO acquires 1 mil shares at $3.08 per share - THE EDGE SINGAPORE

Insider moves

Wilmar’s chairman and CEO acquires 1 mil shares at $3.08 per share

Shares in Wilmar closed 1 cent lower or 0.32% down at $3.08 on June 3.

Environmental, Social and Governance

Wilmar secures US$100 mil sustainability-linked loan from Maybank

Shares in Wilmar closed 4 cents lower or 1.25% down at $3.17 on May 9.

Broker's Calls

Maybank recommends investors ‘wait for better days’ while UOBKH expects Wilmar’s 2QFY2024 earnings to be higher

Maybank has lowered its target price to $3.44 while UOB Kay Hian has kept its target price unchanged at $3.35.

Results

Wilmar 1QFY2024 core net profit falls 14% y-o-y to US$328.4 mil

Wilmar International has posted net profit of US$302.9 million for 1QFY2024 ended March 31, 22.6% lower y-o-y.
Rich ‘kid’, poor ‘dad’: A look at undervalued parent companies - THE EDGE SINGAPORE

Company in the news

Rich ‘kid’, poor ‘dad’: A look at undervalued parent companies

What do Singapore-listed companies like Singtel, F&N Singapore and Wilmar have in common? Let's find out.
Analysts pleased by Wilmar’s FY2023 results, but wary of the year ahead - THE EDGE SINGAPORE

Broker's Calls

Analysts pleased by Wilmar’s FY2023 results, but wary of the year ahead

Despite beating analysts' expectations for FY2023, Wilmar faces an uncertain year ahead.
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