Strong margins & China listing to support Wilmar's share price after a decent 1Q, say analysts

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SINGAPORE (May 17): RHB Research and UOB Kay Hian are maintaining their “buy” calls on Wilmar International with target prices of S$3.94 and S$3.90, respectively, while OCBC Investment Research keeps its “hold” call on the stock with a higher S$3.66 fair value estimate.

This comes after the plantation group reported a 26.4% rise in 1Q19 earnings to some S$350.5 million, boosted by improved performance in the Tropical Oils and Sugar segments.    

In a Thursday report, RHB analyst Juliana Cai says Wilmar remains her top pick for the plantation sector as she is even more upbeat on the group’s 2Q19 earnings prospects post a recent analyst briefing... (Click here to read the full story)