Singapore Stock Market News
Indofood Agri Resources - Limited Upside
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Publish date: Mon, 09 Jun 2014, 09:58 AM
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a) higher CPO prices,
b) normalised CPO production CAGR of 7% in 2013-16, and
c) contribution from its Brazilian sugar operations, Companhia Mineira de Açúcar e Álcool Participações.
Maintain HOLD with a higher target price of S$1.01. Entry price: S$0.78.
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