Friday 29 Mar 2024
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SINGAPORE (April 10): OCBC Investment Research is keeping Wilmar International at “hold” given the group is expected to report its 1Q19 results in about a month’s time, during which it may see a negative impact on earnings due to weak soybean crush margins.

This is the result of a sharp decline in meal demand from the outbreak of African swine fever in China and a sharp drop in Brazilian soybean basis, according to OCBC analyst Low Pei Han in a Tuesday report.

“As such there could be some caution in trading prior to the lead up of the results,” says Low of OCBC who has a S$3.44 fair value... (Click here to read the full story)

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