Wilmar International - Getting Sweeter | I3investor

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Wilmar International - Getting Sweeter

StockFanatic

Publish date: Wed, 02 Oct 2013, 11:10 AM

The sugar division will be the growth focus for Wilmar who is targeting new emerging markets - Africa and Indochina. Growth from the sugar division is expected to outshine soybean crushing operations in China, which are still in overcapacity and putting pressure on margins. Palm operations should perform in line with expectation with the upstream affected by lower ASP and downstream driven by volume growth.

Maintain BUY. Target price: S$3.80.

Wilmar Intl (F34)

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