- From Wilmar International (SGX:F34)’s briefing, management held a more positive tone than its outlook statement. While cautiously optimistic, Wilmar sees minimal impact from the China cooking oil scandal.
- - Read this at SGinvestors.io -
- We believe YKA’s performance is on track for recovery.
The 2H24 outlook guidance is more positive than anticipated
- The 2H24 outlook guidance is more positive than initially anticipated, which could support Wilmar's share price. At the current share price, the interim dividend of S$0.06 is giving a yield of 1.9% and we anticipate a higher final dividend. This could make the current Wilmar's share price an attractive entry point for yield-seeking investors.
- - Read this at SGinvestors.io -
Maintain HOLD.
- 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/ 2024-08-16
Read also UOB's most recent report:
2024-11-06 Wilmar International - Recovery Is On, But Uncertainty Ahead.
Previous report by UOB:
2024-11-01 Wilmar International - 3Q24 Results Below 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
