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Analysts mostly remain positive on Wilmar's business model after 'impressive' 1HFY2022 earnings

Felicia Tan
Felicia Tan8/10/2022 01:11 AM GMT+08  • 5 min read
Analysts mostly remain positive on Wilmar's business model after 'impressive' 1HFY2022 earnings
This is the first time the group has surpassed US$1 billion in its first-half earnings since its listing in 2006.
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Analysts are mostly positive on Wilmar International after the group posted record earnings of US$1.16 billion ($1.61 billion) for the 1HFY2022 ended June.

The higher earnings, which beat consensus’ estimates, were mainly attributable to the better performances across the group’s business segments except food products.

CGS-CIMB analysts Ivy Ng and Nagulan Ravi have kept “add” on Wilmar with an unchanged target price of $5.69.

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