SINGAPORE (Oct 18): UOB KayHian expects another solid quarter for Wilmar International, supported by the oilseeds & grains, and palm & lauric oils divisions.
Scheduled to release its 3Q18 results on Nov 12, UOB expects the Oilseed & grains division to post a higher profit before tax (PBT), as soybean crushing margins recovered in 3Q18 and festive demand remains high.
Better downstream margins from palm & laurics are also expected from a higher utilisation rate. Key drivers were higher sales volumes on the back of higher biodiesel sales volumes in Indonesia, increase in exports and...(click on link for full story on theedgesingapore.com)