Stock Name: Wilmar
Company Name: WILMAR INTERNATIONAL LIMITED
The brokerage raised its earnings forecast for Wilmar by 2% for 2011 and by 10% for 2012 and 2013, to reflect better margins.
Company Name: WILMAR INTERNATIONAL LIMITED
| Research House: JP Morgan Chase | Price Call: BUY | Target Price: 6.50 |
JPMorgan has upgraded Singapore’s Wilmar International (WLIL.SI), the world’s largest listed palm oil firm, to overweight from neutral and raised its target price to $6.50 from $5.40.
JPMorgan said it expects Wilmar to raise prices in the near term to improve its margins for both oilseeds and consumer products in the second half of this year and next year.
JPMorgan said it expects Wilmar to raise prices in the near term to improve its margins for both oilseeds and consumer products in the second half of this year and next year.
The brokerage raised its earnings forecast for Wilmar by 2% for 2011 and by 10% for 2012 and 2013, to reflect better margins.
Wilmar will also benefit from higher sugar prices in 2012, JPMorgan said.
Wilmar’s shares, which closed at $5.65 on Monday, have gained 0.36% since the start of the year.
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