Stock Name: Wilmar Intl
Company Name: WILMAR INTERNATIONAL LIMITED
Company Name: WILMAR INTERNATIONAL LIMITED
| Research House: Credit Suisse | Price Call: BUY | Target Price: 3.68 |
SINGAPORE (March 13): Credit Suisse has restarted coverage on Wilmar International with an "outperform" rating and a price target of $3.68.
"We believe that the worst is over for Wilmar and once the market feels more comfortable with the fundamentals, there could be a rerating of the stock from its current level, which is close to its global financial crisis low," Credit Suisse analyst Tan Ting Min wrote in a note.
Among other things, lower palm oil prices are positive for the company's downstream palm merchandising business as feedstock costs will be cheaper, Tan said.
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