Thursday, March 1, 2012

Indofood Agri Resources - Higher sugar earnings beckon

Stock Name: IndoAgri
Company Name: INDOFOOD AGRI RESOURCES LTD.
Research House: CIMBPrice Call: BUYTarget Price: 1.80




Target S$1.80

Final results are in line but could have been stronger if not for sugar losses in 4Q. We continue to favour the stock because of higher sugar profits expected in 2012, higher output from its young estates and possible M&As.


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