Wilmar

Wilmar: UOB Kay Hian has results preview. House expect Wilmar to deliver a net profit of US$240m-280m, lower q/q but higher y/y on the turnaround of the oilseed & grain division from losses in 2Q12. The palm & laurics division is likely to be the only division to show stronger numbers to partly offset the weakness of the other divisions. House still maintains its BUY Call with a Target price of $3.80.