Wilmar International (WIL)

RHB remains 'neutral' on plantation sector as Indonesian government reduces levy structure; Wilmar still top pick - THE EDGE SINGAPORE

Broker's Calls

RHB remains 'neutral' on plantation sector as Indonesian government reduces levy structure; Wilmar still top pick

The RHB team has kept ‘buy’ on Wilmar with a target price of $6.45.
Wilmar added to FTSE4Good Developed Index and FTSE4Good Asean 5 Index - THE EDGE SINGAPORE

Environmental, Social and Governance

Wilmar added to FTSE4Good Developed Index and FTSE4Good Asean 5 Index

The FTSE4Good Index Series is one of the world’s first global environmental, social and governance (ESG) index families.
Wilmar International appoints former IHIS CEO as independent director - THE EDGE SINGAPORE

New appointments

Wilmar International appoints former IHIS CEO as independent director

Chong is also on the board of the National Kidney Foundation (NKF) and a member of the board of governors at Republic Polytechnic.
Analysts hail Wilmar's strong 1Q performance with TPs from $6.15 - THE EDGE SINGAPORE

Broker's Calls

Analysts hail Wilmar's strong 1Q performance with TPs from $6.15

The analysts have also largely kept their earnings estimates unchanged.
Wilmar International's net profit doubles to US$450.2 mil, highest for 1Q - THE EDGE SINGAPORE

Results

Wilmar International's net profit doubles to US$450.2 mil, highest for 1Q

The group says it is "cautiously optimistic" that it will perform satisfactorily for the rest of the year.
Wilmar and Credit Agricole CIB announces successful closure of US$100 mil sustainability-linked facility - THE EDGE SINGAPORE

Green loans

Wilmar and Credit Agricole CIB announces successful closure of US$100 mil sustainability-linked facility

This is the second sustainability-linked facility from Crédit Agricole to Wilmar, following the first loan in 2019.
CGS-CIMB views Wilmar associate's potential IPO as 'positive'; special dividend possible - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB views Wilmar associate's potential IPO as 'positive'; special dividend possible

Investment banks JP Morgan and Kotak Mahindra Capital have been hired to manage the IPO.
Wilmar, First Resources, Bumitama Agri among analysts' top plantation picks - THE EDGE SINGAPORE

Broker's Calls

Wilmar, First Resources, Bumitama Agri among analysts' top plantation picks

RHB has maintained 'neutral' on the plantation sector and 'buy' on Wilmar while DBS has kept 'buy' on Wilmar, FR and BAL.
Analysts peg Wilmar's fair value at over $6 on strong FY20 performance - THE EDGE SINGAPORE

Broker's Calls

Analysts peg Wilmar's fair value at over $6 on strong FY20 performance

The analysts from CGS-CIMB, OCBC and RHB also see Wilmar as undervalued compared to the valuations of its subsidiary, YKA.
Wilmar reports 4.3% higher 2H20 earnings of US$923.6 mil on improved contribution across all core segments - THE EDGE SINGAPORE

Results

Wilmar reports 4.3% higher 2H20 earnings of US$923.6 mil on improved contribution across all core segments

The total dividend for FY2020 stands at 19.5 cents, the highest given out by the group since its listing.
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