Wilmar International (WIL)

Maybank Kim Eng ups Wilmar’s TP to $6.80 due to 'potential surprises on the way' - THE EDGE SINGAPORE

Broker's Calls

Maybank Kim Eng ups Wilmar's TP to $6.80 due to 'potential surprises on the way'

Maybank Kim Eng analyst Thilan Wickramasinghe has maintained “buy” on Wilmar International with a higher target price of $6.80 from $5.40 previously.

RHB raises Wilmar's TP to $6 as the group rides on CPO price uptrend - THE EDGE SINGAPORE

Broker's Calls

RHB raises Wilmar's TP to $6 as the group rides on CPO price uptrend

RHB Group Research analyst Juliana Cai has maintained “buy” on Wilmar International with a raised target price of $6 from $5.85 previously.

Wilmar CEO is 'most favourable CEO' reported in media, says Carma Asia - THE EDGE SINGAPORE

Company in the news

Wilmar CEO is 'most favourable CEO' reported in media, says CARMA Asia

Kuok Khoon Hong, the chairman and CEO of Wilmar International, was named the CEO with the “most favourable mentions” in 2020, according to CARMA Asia’s annual CEO Brand Report.

Wilmar reports record 3Q core net profit of US$501.4 mil - THE EDGE SINGAPORE

Results

Wilmar reports record 3Q core net profit of US$501.4 mil

Wilmar International, Asia’s leading agribusiness group reported net profit of US$536.6 million ($732.5 million) for the 3QFY2020 ended September, up 20% from the net profit of US$447.1 million the

Wilmar shares drop over 7% following China IPO - THE EDGE SINGAPORE

SGX query

Wilmar shares drop over 7% following China IPO

Shares in Wilmar International dropped over 7% to $4.295 at 10.14am, less than an hour after its 89.88%-owned subsidiary Yihai Kerry Arawana (YKA) made its debut on China’s Shenzhen Stock Exchange

Wilmar subsidiary IPO shares to commence trading on Oct 15 - THE EDGE SINGAPORE

IPO

Wilmar subsidiary IPO shares to commence trading on Oct 15

Wilmar International on Oct 14 announced that 542,159,154 new shares representing 10% of Yihai Kerry Arawana (YKA)’s enlarged issued share capital have been allotted to investors for the listing of

Insider moves

Wilmar chairman Kuok buys shares ahead of China unit's IPO

Kuok Khoon Hong, chairman and CEO of palm oil giant Wilmar International, raised his stake in the company ahead of the separate listing of its China-based subsidiary on the Shenzhe

Broker's Calls

Wilmar's share price offers cheaper, more liquid entry to YKA, says CGS-CIMB

CGS-CIMB analysts Ivy Ng and Nagulan Ravi have maintained “add” on Wilmar, with the same target price of $5.53, although key downsides to the stock include the potential delay or termination to YKA

Company in the news

Wilmar subsidiary increases stake in Pakistan-listed Unity Foods Limited

Unity Wilmar Agro (UWA), an indirect 52%-owned subsidiary of Wilmar International, has increased its total shareholding in the Unity Foods to 163.2 million ordinary shares from 59.9 million ordinar

Wilmar subsidiary to IPO at issue price of $5.16; expects to raise $2.79 bil - THE EDGE SINGAPORE

IPO

Wilmar subsidiary to IPO at issue price of $5.16; expects to raise $2.79 bil

Wilmar’s 99.99%-owned subsidiary Yihai Kerry Arawana Holdings (YKA) has determined the issue price for its China IPO at RMB25.70 ($5.16) per YKA share.

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