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Wilmar kept at 'add' by CIMB on attractive valuations and China listing plans

PC Lee
PC Lee2/23/2018 11:57 AM GMT+08  • 3 min read
Wilmar kept at 'add' by CIMB on attractive valuations and China listing plans
SINGAPORE (Feb 23): CIMB is maintaining its "add" on Wilmar International for its attractive valuations given the stock trades at 13.3 times earnings and 0.9 times book value.
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SINGAPORE (Feb 23): CIMB is maintaining its "add" on Wilmar International for its attractive valuations given the stock trades at 13.3 times earnings and 0.9 times book value.

The group also revealed that it is working on the proposed listing of its China operations and internal restructuring of the operations is largely completed.

In 4Q17, Wilmar's core net profit rose 16% q-o-q to US$374 million ($494 million), thanks to better performance from oilseeds and grains as well as strong performances of its associates.

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