Wilmar 04 (Feb 15 - Dec 24)

[behappyalways]

Wilmar says 1QFY2023 results were ‘satisfactory’, core net profit declines 24.1% y-o-y to US$381.9 mil
https://www.theedgesingapore.com/capita ... -241-y-o-y

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Wilmar to dispose 30.05% stake in sugar production business for $813.2 mil
https://www.theedgesingapore.com/news/m ... s-8132-mil

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Adani Enterprises weighs exiting US$6 billion Wilmar venture
https://www.theedgesingapore.com/news/c ... ar-venture

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Wilmar reports earnings of US$550.9 million for 1HFY2023, eyes better second half
https://www.theedgesingapore.com/capita ... econd-half

[winston]

not vested

Wilmar International (WIL SP) - Results missed but could see a better 2H23

Wilmar’s 1H23 PATMI and core PATMI fell 52.7% and 50.0% YoY to USD550.9m and USD577.2m respectively.

The weak performance was mainly due to a 10% decline in revenue as prices of most commodities decreased, lower margins across Wilmar’s key segments and soft consumer demand in China.

An interim dividend of 6 Singapore cents per share was declared, same as last year.

Management guided for a better 2H23, on the back of improved margins as soybean crush margin returned to positive in Jul 2023 (with improvement in animal feed demand), lower feedstock prices which will benefit its Food Products business and a recovery in sales volume.

Following the results, we revise our growth and margin estimates. Correspondingly, our fair value estimate decreases from SGD4.74 to SGD4.42. BUY.

Source: OCBC

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Wilmar International reports lower core net profit of US$323.6 mil for the 3QFY2023, 59.4% lower y-o-y
https://www.theedgesingapore.com/capita ... -lower-y-o

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Wilmar unit denies involvement in alleged China palm oil fraud
https://www.theedgesingapore.com/news/c ... -oil-fraud

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Wilmar earnings down 36.5% y-o-y to US$1.5 bil in FY2023
https://www.theedgesingapore.com/capita ... bil-fy2023

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Wilmar 1QFY2024 core net profit falls 14% y-o-y to US$328.4 mil
https://www.theedgesingapore.com/capita ... us3284-mil