Wilmar International's China Operations Recovery May Continue on Strong Demand -- Market Talk

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Wilmar International's China Operations Recovery May Continue on Strong Demand -- Market Talk

Dow Jones2022-08-12

0217 GMT - Recovery in Wilmar International's China operations would likely continue via its majority-owned unit Yihai Kerry Arawana, on expected higher sales volume in 2H amid strong festive demand, UOB Kay Hian analysts Leow Huey Chuen and Jacquelyn Yow say in a research note. The agribusiness group could gain higher profit growth from its rice, flour and cooking oil products, they reckon. "Profit from cooking oil will be enhanced by launching more new niche cooking oil products (e.g. peanut oil) that command much higher margin vs. the mass market products," the analysts note. UOB Kay Hian maintains a buy rating and a S$5.50 target price on the stock, which is 0.2% lower at S$4.19. (justina.lee@wsj.com)

$(END)$ Dow Jones Newswires

August 11, 2022 22:17 ET (02:17 GMT)

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hanks1705
·2022-08-18
Totally agree with you. They will sell at when it goes up..
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LWayne
·2022-08-14
BS talk, sick of all the 'may' and 'should' on this counter. Irrelavent to price movement. The price is controlled by BB.
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They will sell at when it goes up..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991195832","repostId":2258176624,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9999993202,"gmtCreate":1660446200708,"gmtModify":1676533472248,"author":{"id":"3564307384077743","authorId":"3564307384077743","name":"LWayne","avatar":"https://static.itradeup.com/news/95dd7493a26e1c3e9a33a2d16eaa037b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3564307384077743","authorIdStr":"3564307384077743"},"htmlText":"BS talk, sick of all the 'may' and 'should' on this counter. Irrelavent to price movement.&nbsp;The price is controlled by BB.","listText":"BS talk, sick of all the 'may' and 'should' on this counter. Irrelavent to price movement.&nbsp;The price is controlled by BB.","text":"BS talk, sick of all the 'may' and 'should' on this counter. Irrelavent to price movement. The price is controlled by BB.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999993202","repostId":2258176624,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":3,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}