Wilmar International(WLIL.SI)Cautiously optimistic of a better 2H
UBS·2024-08-15 03:55
ab 14 August 2024 Global Research and Evidence Lab First Read Wilmar International Cautiously optimistic of a better 2H Cautiously optimistic tone from the briefing Management's tone from the analyst briefing this morning appeared to be cautiously optimistic. Poor milling margins and weaker contribution from JV/associates (-58% YoY) were identified as key weaknesses in 1H's performance, to which Wilmar expects to improve going forward given lower raw material prices, as well as absence of certain one-off co ...