SINGAPORE (Nov 15): RHB Research is maintaining Wilmar International at “buy” with $3.59 target after 3Q18 results came in well ahead of expectations.

3Q18 revenue rose 4% y-o-y to US$11.6 billion ($16 billion) while core net profit rose 35% to US$434.7 million which brings Wilmar’s 9M18 core profit to 84% of the market’s full-year consensus.

See: Wilmar reports 10.7% rise in 3Q earnings to $564 mil on better Tropical Oils and Oilseeds & Grains results

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