Wilmar International May See Flattish to Slight Growth in 1Q -- Market Talk

Dow Jones04-24

0638 GMT - Wilmar International is likely to see "flattish to marginal growth" on year in 1Q, UOB Kay Hian analysts say in a note. The agriculture company's food products and plantation & sugar mill divisions are likely to perform better on year during the quarter, they say. However, gains could be offset by continued weakness in palm downstream processing and narrower soybean crushing margins compared to 1Q 2023. The first half of the year is also typically slower for the Singapore-listed company, they add. Festive demand will likely support sales volumes in the latter half of the year, the analysts say. UOB KH maintains a hold rating on the stock with a S$3.35 target. Shares last at S$3.51. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

April 24, 2024 02:38 ET (06:38 GMT)

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The first half of the year is also typically slower for the Singapore-listed company, they add. Festive demand will likely support sales volumes in the latter half of the year, the analysts say. UOB KH maintains a hold rating on the stock with a S$3.35 target. Shares last at S$3.51. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2024 02:38 ET (06:38 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wilmar International May See Flattish to Slight Growth in 1Q -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWilmar International May See Flattish to Slight Growth in 1Q -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0638 GMT - Wilmar International is likely to see \"flattish to marginal growth\" on year in 1Q, UOB Kay Hian analysts say in a note. The agriculture company's food products and plantation & sugar mill ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1130305938.SGD","symbol_name":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2429020141","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429020141","pubTimestamp":1713940680,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0638 GMT - Wilmar International is likely to see \"flattish to marginal growth\" on year in 1Q, UOB Kay Hian analysts say in a note. The agriculture company's food products and plantation & sugar mill divisions are likely to perform better on year during the quarter, they say. However, gains could be offset by continued weakness in palm downstream processing and narrower soybean crushing margins compared to 1Q 2023. The first half of the year is also typically slower for the Singapore-listed company, they add. Festive demand will likely support sales volumes in the latter half of the year, the analysts say. UOB KH maintains a hold rating on the stock with a S$3.35 target. Shares last at S$3.51. 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The agriculture company's food products and plantation & sugar mill divisions are likely to perform better on year during the quarter, they say. However, gains could be offset by continued weakness in palm downstream processing and narrower soybean crushing margins compared to 1Q 2023. The first half of the year is also typically slower for the Singapore-listed company, they add. Festive demand will likely support sales volumes in the latter half of the year, the analysts say. UOB KH maintains a hold rating on the stock with a S$3.35 target. Shares last at S$3.51. 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