- 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.
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 Research | https://research.uobkayhian.com/ 2025-02-07
Read also UOB's most recent report:
2025-02-24 Wilmar International - Anticipating A Better Year From China; Upgrade To BUY.
Price targets by 2 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
