Home Capital Broker's Calls

UOB KH raises Wilmar's core net profit forecast, TP, on better-than-expected contribution from YKA

Felicia Tan
Felicia Tan1/18/2021 10:58 AM GMT+08  • 2 min read
UOB KH raises Wilmar's core net profit forecast, TP, on better-than-expected contribution from YKA
Wilmar will announce its 4QFY2020 results on Feb 22, after market close.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

UOB Kay Hian Research analysts Leow Huey Chuen and Jacquelyn Yow have raised their 4QFY2020 core net profit estimates for Wilmar International to US$350 million ($465.4 million) to US$380 million on the back of better-than-expected contribution from its subsidiary, Yihai Kerry Arawana (YKA).

Leow and Yow have also maintained their “buy” calls on Wilmar with a higher target price of $6.40 from $5.35 previously as they see several “positive factors” supporting the counter’s share price performance.


SEE: 'Buy' Singtel now and get its core business for free

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.