RHB Group Research and UOB Kay Hian have maintained “buy” on Wilmar following the agriculture group’s results for the 1HFY2021 ended June.

The Singapore research team at RHB has, however, lowered its target price estimate on Wilmar to $5.45 from $5.75 despite its expectations of a stronger 2HFY2021 ahead.

“We expect a stronger 2HFY2021, as the food products segment and feed and industrial units should perform better,” writes the team in an Aug 12 report.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook