Analysts from CGS-CIMB Research, OCBC Investment Research (OIR) and RHB Group Research have maintained their “add” or “buy” calls on Wilmar International after the agri-business group reported 18.6% higher FY2020 earnings of US$1.53 billion ($2.02 billion).

The group, which saw improved contributions across all segments, distributed total dividends of 19.5 cents per share for the period ended December, the highest declared since its listing.

See: Wilmar reports 4.3% higher 2H20 earnings of US$923.6 mil on improved contribution across all core segments

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