WLMIF - Wilmar International: Market's Focus Is On Upcoming Earnings And Indian Acquisition

2025-02-14 12:18:50 ET

Summary

• I maintain a Hold rating on Wilmar International due to the likely absence of a Q4 earnings beat and the mixed impact of a proposed M&A.
• Wilmar's Q4 earnings are expected to be weak, with a projected 27% YoY drop in normalized net income, continuing the trend from Q3.
• WLMIY's decision to raise its interest in Indian entity Adani Wilmar has both favorable and unfavorable implications.

I still rate Wilmar International ( WLMIY ) ( WLMIF ) (F34:SP) as Neutral. I preview the stock's Q4 earnings and assess its recent investment in this update. My earlier September 21, 2024 article touched on the company's Chinese division and its financial expenses....

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