Wilmar: may get lift on market talk that edible oil companies in China may apply to raise prices, after a 2-month order to impose a price ceiling expires in early Jun.
Recall Wilmar’s share price weakness has been partially attributed to China’s price controls on cooking oil, and has been responsible for weaker segment margins over the last 2 quarters. The segment accounts for ~8% of Group PBT...
The top 2 players, COFCO and Wilmar, control over half of the small-pack consumer oil market.
News may also be positive for HK-listed Want Want and Tingyi, which were denied price hikes for their consumer pdts back in Apr.
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