SINGAPORE (May 14): RHB Research says it is more upbeat on Wilmar’s 2Q18 outlook after the company’s analyst briefing and expects the performance of all its segments to improve q-o-q.

In a Monday report, RHB analyst Juliana Cai says the market has been over-pessimistic on the stock after seeing the y-o-y decline in earnings in 1Q18.

(See: Wilmar posts 40.6% drop in 1Q earnings to $273 mil on higher expenses)

However, she says this was “due to a high base effect of 1Q17"... (Click here to read the full story)