Brokers' take

Wilmar International > Hold OCBC Investment Research, Aug 11 Aug 11 close: S$3.20 Target price: S$3.66

WILMAR'S Q2 17 revenue increased 13.2 per cent YOY (year-on-year) to US$10.6 billion, driven by stronger commodity prices as well as higher sales volume from oilseeds & grains and sugar. Net profit was US$60.2 million versus a loss of US$220.1 million in Q2 16 due to one-off losses, while core net profit was US$37.3 million. Despite better production volume, tropical oils segment's merchandising and processing businesses faced a challenging environment, which resulted in lower profits and profit-before-tax margin at a low.

Cityneon Holdings > Reject offer UOB Kay Hian, Aug 11 Aug 11 close: S$0.94 Target price: S$1.28