Singapore Stock Market News
Wilmar International - The sustainability journey
StockFanatic
Publish date: Fri, 20 Mar 2015, 12:44 PM
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At an analyst briefing with its sustainability team, Wilmar shared the progress made since the launch of its integrated policy on sustainability on 5 Dec 2013. We are positive on the significant progress made so far. We believe its journey to sustainability may pose some short-term risks, as it may lose some of its suppliers who are unable to meet its sustainability standards. However, we believe this could be offset by potential medium-term gains of being a preferred supplier to its customers and attracting a wider investor base. We retain our Hold rating and SOP-based target price.
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