Report
Chokwai Lee, CFA
EUR 101.80 For Business Accounts Only

Wilmar’s Weak Tropical Oils and Sugar Performance Offset By Stronger Oilseeds And Grains Segment

We are transferring coverage of Wilmar, with a no-moat rating, stable moat trend, and a fair value estimate of SGD 3.28 per share. We have a medium uncertainty rating on Wilmar given its integrated operations and well diversified businesses. Wilmar’s cumulative nine months 2017 net profit of USD 792 million was 92% higher year over year mainly due to the absence of trading loss incurred a year ago. Nonetheless, the results were below market expectation due to disappointing performance from the t...
Underlying
Wilmar International Limited

Wilmar International is an investment holding company. Co.'s segments include: merchandising and processing, which include palm and laurics, engaged in merchandising and processing of palm oil and laurics related products and oilseeds and grains, engaged in merchandising and processing of a range of edible oils, oilseeds and grains; consumer products engaged in packaging and sales of consumer pack edible oils, rice, flour and grains; plantation and palm oil mills, engaged in oil palm cultivation and milling; sugar, which includes milling engaged in milling of sugarcane; and others engaged in manufacturing and distribution of fertilizer products and ship-chartering services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chokwai Lee, CFA

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch