- Wilmar’s 1H24 core net profit was within expectations, with better performance from food products and feed & industrial products. YKA reported a 14% y-o-y growth in earnings, while stronger sales volumes were recorded across all sub-segments but sugar milling operations.
- - Read this at SGinvestors.io -
Results within our expectations.
- Wilmar (SGX:F34)’s 1H24 core net profit came in at US$606m (-39% h-o-h, +5% y-o-y), accounting for 38% of our full-year forecasts and in line with our expectations.
- 2Q24 core net profit came in at US$278m, improving 42% y-o-y but slipping 15% q-o-q.
1H24 saw improving performance from major business segments.
- - Read this at SGinvestors.io -
- Higher sales volumes and margin recovery across food products and feed & industrial segments are encouraging, but partially offset by sugar mill operations:
Food products:
- 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/.
Heidi Mo UOB Kay Hian Research | Llelleythan Tan Yi Rong UOB Kay Hian | https://research.uobkayhian.com/ 2024-08-14
Read also UOB's most recent report:
2024-08-16 Wilmar International - More Positive Outlook For 2H24 Following Briefing.
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
