Singapore Stock Market News

Wilmar - Opportunity To BUY During Market Uncertainty

StockFanatic
Publish date: Wed, 04 Jul 2018, 04:37 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Reiterate BUY, with TP of SGD3.59 reflecting 18% upside. We believe Wilmar's share price has come down on the back of looming uncertainties over the imminent China-US trade war. However, US soybean prices have also plummeted significantly since the 25% tariff recommendation. This should help to mitigate pressure on its raw material costs, even if the tariff was implemented. As such, we think the recent retracement in share price offers a good opportunity to accumulate the stock.
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment