Wilmar International Needs Stronger 2H Result to Sustain Share Price Performance
Dow Jones
Aug 13
0450 GMT - Wilmar International needs to deliver a stronger 2H result to support share price performance, DBS Group Research analysts say in a note. The company performed relatively well in 1H despite the heightened global uncertainty from the Iran conflict. However, the company needs to sustain quarterly core net profit of at least US$465 million in 2H to meet 2026 consensus expectations, they say. Given the higher crude palm oil prices, 2H earnings will depend heavily on the sustainability of soybean oil prices at around US$1,400/MT-US$1,500/MT, they say. DBS maintains a hold rating on the stock on risk of consensus downward earnings revision and a target price of 3.60 Singapore dollars. Shares are 4.3% lower at S$3.77.
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