Home Capital Broker's Calls

Waiting on Wilmar

PC Lee
PC Lee11/14/2016 12:45 PM GMT+08  • 2 min read
Waiting on Wilmar
SINGAPORE (Nov 14): UOB Kay Hian is maintaining its “sell” call on Wilmar International, the world’s largest palm-based biodiesel producer, with a target price of $3.05.
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.

SINGAPORE (Nov 14): UOB Kay Hian is maintaining its “sell” call on Wilmar International, the world’s largest palm-based biodiesel producer, with a target price of $3.05.

That’s because UOB believes Wilmar’s share price rebound from the recent low of $3.05 after it issued a profit warning for its 2Q16 results has largely priced in the stronger 3Q16 performance and expected steady 4Q16 earnings.

In a Monday report by UOB’s Singapore research team, net profit in 4Q is expected to be 9-13% higher q-o-q as management sees higher sales volumes.

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.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now