Brokers' take

Wilmar International | Hold (maintained) Sept 4 close: S$3.84 Target price: S$3.89 Maybank Kim Eng, Sept 3

RECALL that Wilmar International's second quarter oilseeds & grains profit before tax fell 80 per cent year-on-year on the back of weak soybean crushing margins. Thankfully, August's Chinese crush margins rose sharply and so did palm-oil prices.

August's Chinese soybean crush margins rose to 241 yuan per tonne, their highest since October 2018, after posting losses in July.