Re: Wilmar 04 (Feb 15 - Dec 20)
Posted: Tue Sep 15, 2020 9:26 am
vested
Wilmar International (WIL SP)
Be Patient; Re-iterate BUY
Re-iterate BUY on Wilmar despite the recent setback from the unexpected placement by
ADM and the final approval for YKA listing taking longer than expected.
Investors should focus on the potential value creation from YKA listing as well as a potential
special dividend.
Beyond YKA’s listing, the strong 1H20 earnings have led to a 10% consensus earnings upgrade, and Wilmar could potentially outperform consensus again on better-than-expected margins.
Maintain BUY with a higher target price of S$5.35.
Source: UOBKH
https://research.uobkayhian.com/content ... 959f8f0122
Wilmar International (WIL SP)
Be Patient; Re-iterate BUY
Re-iterate BUY on Wilmar despite the recent setback from the unexpected placement by
ADM and the final approval for YKA listing taking longer than expected.
Investors should focus on the potential value creation from YKA listing as well as a potential
special dividend.
Beyond YKA’s listing, the strong 1H20 earnings have led to a 10% consensus earnings upgrade, and Wilmar could potentially outperform consensus again on better-than-expected margins.
Maintain BUY with a higher target price of S$5.35.
Source: UOBKH
https://research.uobkayhian.com/content ... 959f8f0122