See also: Broker's Digest: Tech manufacturers, Wilmar, Japfa, FEHT, iFAST Corp, SIA
Kuok Khoon Hong, chairman and CEO describes the 1HFY2021 numbers as “satisfactory” with the on-going pandemic in the backdrop.
He expects Wilmar’s feed and industrial products segment to continue to do well on “positive” margins and sustained demand growth.
He also expects the company’s plantation and sugar milling segment to benefit from higher palm oil and sugar prices.
“The strength of our diversified operations is that it enables the group to continue to perform well as weakness in one business is often offset by good performance in other segments,” he says.
“Barring unforeseen circumstances, the group’s performance for the rest of the year is expected to be satisfactory.”
For more stories about where the money flows, click here for our Capital section
Wilmar shares closed Aug 11 at $4.49, down 0.22% for the day, and down 6.46% year to date.
