- We estimate Wilmar's 4Q24 core net profit at US$330m-340m and full-year core net profit at US$1.14b-1.15b, which is 3-4% lower than our forecast and 9-10% lower than consensus expectation.
- - Read this at SGinvestors.io -
- Maintain HOLD with a higher target price of S$3.18 (previously S$3.00) on a modest consumer sentiment outlook in China.
4Q24 likely to perform below our expectation.
- See Earnings Calendar - Wilmar International will be releasing its financial results for 2H24 on 20 Feb 25 after trading hours.
- - Read this at SGinvestors.io -
- Higher crude palm oil (CPO) prices and improved processing margins are positives, while China operations are likely to see greater sales volumes but still thin margins. The sugar division’s earnings are expected to weaken on harvest delays from negative weather.
- Q-o-q recovery expected, with y-o-y performance dragged by lower contributions from China and its sugar division. Expectations for each segment are as follows:
Food products.
- Read more at SGinvestors.io.
