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Tuesday, August 21, 2018

Wilmar Intl

A beautiful set of 2nd quarter result .   WILMAR 2Q2018 NET EARNINGS INCREASES FIVEFOLD TO US$316 MILLION

 - Core net profit increases tenfold to US$352 million

 - Higher crush volumes and margins for Oilseeds & Grains - Healthy performance for Consumer Products

  - Tropical Oils boosted by midstream and downstream businesses

 - Improved performance for Sugar merchandising and processing

 - Proposed interim tax-exempt dividend of S$0.035 per share, 17% increase from 1H2017 dividend

It has just went ex.dividend and it is still looking good to continue this uptrend move!

 It may likely move up to retest $3.25 then $3.30 level with extension to $3.40 level.

Not a call to buy or sell.

Please do your own due diligence.



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