Wilmar kept at 'buy' with TP of $4.04 by Maybank Kim Eng

Stock Name: Wilmar Intl
Company Name: WILMAR INTERNATIONAL LIMITED

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 4.04

SINGAPORE (June 15): Maybank Kim Eng is maintaining its 'buy' call and target price of $4.04 for Wilmar International based on 15x P/E.

In a report out today, analyst Wei Bin says that although Wilmar is exposed to El Nino through its CPO, soybean and sugar crop, the worst impact on the agri-commodity trader is a 6% drop on PBT.

Last Wednesday, Japan's Meteorological Agency warned that El Nino is growing stronger and that its effects could last until winter.