$WILMAR INTERNATIONAL LIMITED(F34.SI)$Brokers' take: CGS-CIMB lowers target on Wilmar despite FY2021 results surprise
FRANCINE HO
FEB 23, 2022 11:45 AM
CGS-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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- PowerUP·2022-02-23see you investing in wilmar or ivy ng lorLikeReport