High CPO prices seen to boost Wilmar’s 1Q results

UOBKH Research in its latest preview on Wilmar said, “There is a high possibility that the group’s 1Q22 core net profit will largely be contributed by its upstream earnings boosted by the strong crude palm oil (CPO) average selling price.”

PETALING JAYA: Wilmar International Ltd’s first-quarter results for the financial year 2022 (1Q22) scheduled for release on April 29 is expected to be largely contributed by its palm-related operations, says UOB Kay Hian (UOBKH) Research.

Wilmar, which is Asia’s leading agribusiness group, is an 18.6% associate company of PPB Group Bhd.