- Wilmar management's recent updates are in line with our expectation. We believe the worst is behind us, but earnings recovery is expected to be gradual due to the ongoing geopolitical uncertainty and a slower economic growth environment.
- - Read this at SGinvestors.io -
Wilmar management's briefing highlights
- Wilmar International (SGX:F34) management's briefing aligns with our expectation and indicates that the worst may be behind us. However, uncertainties persist due to global economic instability, lower margins in palm downstream processing compared with 2022, and slower growth in China.
Food products: Set for gradual earnings improvement as high-cost raw materials deplete.
- - Read this at SGinvestors.io -
- Lower cost of raw materials also benefits flour and rice operations in China, contributing to improved earnings in 4Q23.
Oilseeds and grains:
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Leow Huey Chuen UOB Kay Hian Research | Jacquelyn Yow Hui Li UOB Kay Hian | https://research.uobkayhian.com/ 2023-11-06
Read also UOB's most recent report:
2024-08-16 Wilmar International - More Positive Outlook For 2H24 Following Briefing.
Previous report by UOB:
2024-08-14 Wilmar International - 1H24 Results In Line With Expectations.
Price targets by 3 other brokers at Wilmar Target Prices.
Listing of research reports at Wilmar Analyst Reports.
Relevant links:
Wilmar Share Price History,
Wilmar Announcements,
Wilmar Dividends & Corporate Actions,
Wilmar News Articles
