Wilmar H2 net profit falls 21.3% on lower contributions from feed and industrial products
WILMAR International’s net profit for the half year ended December 2023 fell 21.3 per cent to US$973.9 million, from US$1.2 billion the...
Even at 100, Malaysia billionaire Robert Kuok is still leaving his mark on the business world
[KUALA LUMPUR] Few centenarians in the world today have lived a life like Malaysian business magnate Robert Kuok. The self-made billionaire, who...
Broker’s take: UOBKH cuts Wilmar target, expects negative sentiment from unit’s alleged fraud case
UOB Kay Hian (UOBKH) on Tuesday (Jan 23) cut its target price on Wilmar International by 11.8 per cent to S$3.35 from...
Wilmar’s China unit denies role in 5 billion yuan loss by state enterprise from alleged fraud
WILMAR International’s China unit has become embroiled in an alleged fraud that has led to billions of losses for a state-owned enterprise...
The Hour Glass continues buyback, Wilmar chair Kuok raises stake
THE Straits Times Index fell 0.52 per cent over the five trading sessions from Dec 1 through Dec 7.
Brokers’ take: DBS cuts Wilmar target price, but maintains buy for commodity group
DBS Group Research has lowered its target price for Wilmar International by 18.9 per cent to S$4.30 from S$5.30, in a report...
Wilmar Q3 net profit falls 59% to US$313.9 million
WILMAR International’s net profit for the third quarter ended Sep 30, 2023 fell 59 per cent to US$313.9 million, from US$766.2 million...
Brokers’ take: Aletheia Capital initiates Wilmar with ‘sell’, flags debt and earnings risks
ALETHEIA Capital has initiated coverage on Wilmar International with a “sell” call and a price target of S$2.58, citing “faltering returns and...
Wilmar H1 net profit falls 53% to US$551 million on lower margins
WILMAR International’s net profit for the half year ended June 2023 fell 52.7 per cent to US$551 million, from US$1.2 billion last...
Adani Enterprises weighs exiting US$6 billion Wilmar venture
ADANI Enterprises is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International, freeing up capital for their core...