Wilmar International Could See Higher 2Q Earnings on Strong Sales Volume, Enhanced Operating Margin -- Market Talk

Dow Jones05-09

0346 GMT - Wilmar International's 2Q earnings are likely to be higher on year and on quarter, thanks to enhanced operating margin and strong sales volume across all segments, UOB Kay Hian analysts say in a note. The Singapore-listed agribusiness company's food products segments could see an improvement, particularly from its China and India operations, with healthy sales volume, the analysts say. "This would also be higher operating margin with lower material costs," they add. The company's consumer products' margins may also continue to remain healthy due to the recovery in consumption and lower raw material costs, the analysts say. UOB KH keeps a hold rating on the stock and a target price of S$3.35. Shares are at S$3.17.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

May 08, 2024 23:46 ET (03:46 GMT)

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