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Wilmar Intl
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Wilmar
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b888sg
Senior |
05-Nov-2024 23:15
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Brokers& rsquo take: Analysts get more bearish on Wilmar, cutting their price targets for the stockANALYSTS cut their price targets for Wilmar International : F34 +1.29% on uncertainty in its China business, and after the company reported third-quarter earnings that showed net profit fell.
Maybank Securities in a Monday report said that it has lowered its price target for the stock to S$3.17 from S$3.25 while maintaining its & ldquo hold& rdquo call.
CGS International Securities trimmed its price target for Wilmar to S$3.47 from S$3.63 on account of its & ldquo subdued& rdquo profitability and as its performance for the first nine months of FY2024 & ldquo missed expectations& rdquo . & ldquo Our price target is lowered to S$3.47 after rolling forward our valuation to FY2026 forecasts,& rdquo the research house said. & ldquo We think Wilmar& rsquo s profitability bottomed out in Q3 of FY2024,& rdquo it added. CGS International analyst Tay Wee Kuang in a Monday research report said that he expects the company& rsquo s fourth-quarter profits to remain weaker on year because of a & ldquo high base effect from elevated sugar prices& rdquo in Q4 of 2023. & ldquo We reduce our FY2024 to FY2026 earnings per share forecasts by 6.8 to 9.9 per cent due to ongoing margin pressure,& rdquo Tay added. However, he expects the firm to clock higher profits in FY2025, as Indonesia& rsquo s biodiesel target is set to be favourable for the company. The country plans to raise mandatory palm oil-based biodiesel blending from the current 35 per cent to 40 per cent in January 2025 and 50 per cent in the early part of the year. & ldquo Wilmar should benefit from the roll-out of the B40 biodiesel mandate in Indonesia given its position as the largest biodiesel producer by volume in Indonesia, as well as lower finance cost on interest-rate cuts,& rdquo he noted, referring to the 40 per cent blend. A potential sale of its stake in Adani-Wilmar, its joint venture with India& rsquo s Adani Group, is expected to be completed by FY2024, and this may result in one-off gains for Wilmar, Tay said. |
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Delvyss
Elite |
05-Nov-2024 13:20
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" Wilmar in position for stronger fourth quarter "https://www.thestar.com.my/business/business-news/2024/11/05/wilmar-in-position-for-stronger-fourth-quarter#:~:text=Wilmar' s%20China%20segment%20is%20likely,government%2C%E2%80%9D%20CIMB%20Research%20said. |
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Tob231
Elite |
05-Nov-2024 09:17
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governor is right. good support base. |
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Tob231
Elite |
05-Nov-2024 08:57
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facts and the actual are really something we are trying to reckon with ... shortists are not letting go yes, watch for the support |
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governor
Veteran |
04-Nov-2024 13:51
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Wolf Money(Wilmar International) https://lonewolfinvestor.blogspot.com/2024/11/wolf-moneywilmar-international.html |
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Tob231
Elite |
04-Nov-2024 13:00
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eagle38 said to be cautious ... downward pressure is still high could be another round flushing ... dyodd |
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Tob231
Elite |
04-Nov-2024 12:13
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support is strong and the shortists did not go for long weekend. time to stock up
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seanpent
Supreme |
04-Nov-2024 11:41
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 yes, more to come https://www.business-standard.com/industry/news/with-crude-palm-oil-rates-on-fire-consumer-firms-start-raising-prices-124102700454_1.html
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guiren
Veteran |
04-Nov-2024 11:24
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Palm oil prices at a two-year high
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seanpent
Supreme |
04-Nov-2024 09:56
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Add | ||||
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Tob231
Elite |
01-Nov-2024 17:12
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strong support behind 3.08 ... 3.07 vol 1,658,500 3.06 vol 1,199,000 next week we should be seeing a gradual recovery or a further push down due to long weekend .... lacking of support from fellow shortists who went for their holiday 😂 😂 😂 😂 😂 😂 |
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Tob231
Elite |
01-Nov-2024 17:03
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shortists are in trouble trying to punch below 3.07. the resistance too much for them | ||||
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Delvyss
Elite |
01-Nov-2024 16:50
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Even Singtel recovers fast & furious | ||||
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seanpent
Supreme |
01-Nov-2024 16:45
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BB greedy, want to accumulate as much as possible before the next big rally. | ||||
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Boatman
Master |
01-Nov-2024 16:31
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hhahah wilmar is your turn man!! boat is back!! chiong la | ||||
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Tob231
Elite |
01-Nov-2024 13:21
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yes the push up is strong. continue with the push, the shortists have to reorg. |
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alexvar
Senior |
01-Nov-2024 13:00
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palm prices are breaking new records! Palm Oil (MYR/T) @ 4833 should reach 5000 ringit per ton soon. the competitors First Resources Ltd, Golden Agri-Resources share prices are rising too. VESTED! |
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Tob231
Elite |
01-Nov-2024 11:30
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this counter is highly leverage with current situation, price is likely to go up |
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Shenzhun01
Senior |
01-Nov-2024 11:13
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But Group net gearing ratio is still quite high at 0.81 times as at Sep 30. | ||||
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BDI6915
Member |
01-Nov-2024 11:02
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Dirt Cheap Pricing, Palm Oil price is at NEW YEAR HIGH AND ALREADY UP 20% FROM LOWS OF THIS YEAR. WILMAR WILL END THE YEAR POSITIVE | ||||
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