Wilmar International - UOB Kay Hian 2024-08-16: More Positive Outlook For 2H24 Following Briefing

• 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.

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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/.

Read also UOB's most recent report:
2025-10-31 Wilmar 3Q25 Results Review - Operating Performance Sustains Positive Momentum.

Previous report by UOB:
2025-08-13 Wilmar International - 1H25 Results In Line, Sustained Recovery In China.

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