Kuok controlled Wilmar to see Q2 losses, to impact PPB Group also

According to analysts, Wilmar which is an 18.55%-owned company of Malaysian tycoon Robert Kuok

PETALING JAYA: Singapore-listed Wilmar International Ltd, world's largest agribusiness trader, came under sellling pressure after it guided that its profit for the second quarter (Q2) 2016 will be affected by its grains, oilseeds and sugar businesses.

According to analysts, Wilmar which is an 18.55%-owned company of Robert Kuok’s PPB Group Bhd made untimely purchases in soybean, which resulted losses for the quarter. Wilmar is expected to release its second quarter (Q2 2016) result on Aug 11.