$WILMAR INTERNATIONAL LIMITED(F34.SI)$AGRIBUSINESS giant Wilmar International : F34 +1.83% saw its net profit climb 17.8 per cent to US$530.3 million for the first quarter ended March, on the back of firm palm oil prices.Core net profit – excluding non-operating gains recorded from the group’s investment portfolio – rose 18.8 per cent to US$503.4 million during the quarter.Q1 revenue was 23.2 per cent higher at US$17.6 billion, compared to US$14.3 billion in the year-ago period.
$VENTURE CORPORATION LIMITED(V03.SI)$VENTURE Corporation : V03 +0.53% recorded a 28.6 per cent increase in net profit to S$84 million for the first quarter ended March, from S$65.3 million in the year-ago period.Earnings per share climbed to 28.8 Singapore cents, from 22.4 cents a year ago.Revenue rose 29.5 per cent to S$889.3 million in Q1 on the back of broad-based growth across most of its technology domains, the company said in a business update on Friday (Apr 29).
$DigiCore Reit USD(DCRU.SI)$Digital Core Reit posts US$12.1m in Q1 distributable income, beats IPO forecastBTThe Reit’s portfolio of 10 data centres had a value of US$1.46 billion as at Mar 31. DIGITAL CORE REIT MANAGEMENTPURE-play data centre real estate investment trust (Reit) Digital Core Reit : DCRU -2.83% on Thursday (Apr 21) posted US$12.1 million in first-quarter distributable income, beating its initial public offering (IPO) forecast of US$11.9 million by 1.9 per cent.
$WILMAR INTERNATIONAL LIMITED(F34.SI)$Brokers' take: CGS-CIMB lowers target on Wilmar despite FY2021 results surpriseFRANCINE HOFEB 23, 2022 11:45 AMCGS-CIMB has lowered its target price on Wilmar International to S$5.69 from S$6.15 despite its record-high net profit in FY2021.Wilmar on Tuesday (Feb 22) posted a 24 per cent growth in its core net profit year on year (yoy) to a record-breaking US$1.84 billion in FY2021, 16 per cent above CGS-CIMB's estimates.In a research report on Wednesday, analyst Ivy Ng said the target price was revised to factor in the market capitalisation of 2 of its subsidiaries, Yihai Kerry Arawana (YKA) and Adani Wilmar.