Broker likes Wilmar

In Commodities, Uncategorized on 21/07/2011 at 6:22 am

JPMorgan upgrades Wilmar from Neutral to Overweight. It raises target price to S$6.50 from S$5.40.

“We think Wilmar will be able to raise prices in the near term, improving both oilseeds and consumer products margin in 2H11/2012,” citing recent media reports of China removing price controls on cooking oil.

Meanwhile , OCBC retains its Hold call on Wilmar.


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