Following Wilmar’s record 3QFY2020 results announcement, analysts are keeping their positive stance on the stock.

The agribusiness group recorded net profit of US$536.6 million ($732.5 million) for the 3QFY2020 ended September, up 20% from the net profit of US$447.1 million the year before. Core net profit for the quarter stood at US$501.4 million up 19.6% y-o-y, making this the highest third quarter core results since the group’s listing.

Revenue for the period was 19.3% higher y-o-y ay US$13.3 billion.

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