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

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