- We expect Wilmar's 2Q24 earnings to be higher q-o-q and y-o-y, which is different from previous years when 2Q is usually lower q-o-q. This is mainly attributed to enhanced operating margin and good sales volume across all segments.
- - Read this at SGinvestors.io -
- Maintain HOLD. Buy on weakness.
Anticipate a favourable trajectory for Wilmar's 2Q24 earnings
- Based on insights from recent analyst briefings with Wilmar International (SGX:F34) and its subsidiary, Yihai Kerry Arawana (YKA), we anticipate a favourable trajectory for Wilmar's 2Q24 earnings.
- Traditionally, 2Q tends to exhibit a decline q-o-q due to decreased sales volume following the festive season. However, we anticipate 2Q24 earnings to be higher q-o-q and y-o-y, attributed to enhanced operating margins and good sales volumes across all segments.
Food products segment
- - Read this at SGinvestors.io -
- Industrial and bulks: Expect better sales volume with the hotel, restaurant, and café (HORECA) sector continuing to do well, especially in India and China.
Feed & Industrial Products segment
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Leow Huey Chuen UOB Kay Hian Research | Jacquelyn Yow Hui Li UOB Kay Hian | https://research.uobkayhian.com/ 2024-05-07
Read also UOB's most recent report:
2025-02-24 Wilmar International - Anticipating A Better Year From China; Upgrade To BUY.
Previous report by UOB:
2025-02-07 Wilmar International 4Q24 Results Preview - Set To Recover Q-o-q, But China Operations Remain Lacklustre.
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 Dividend Payout Dates & Corporate Actions,
Wilmar News
