Wilmar International - RHB Invest 2016-05-05: Challenging Market Perceptions

WILMAR INTERNATIONAL LIMITED F34.SI 

Wilmar - Challenging Market Perceptions

• The market is wrong, in our view. Wilmar’s share price has been trading within a band of SGD2.52-3.64 since 2012 but we think it is time to re-rate the stock due to the following reasons:
  1. The oilseeds crushing market has structurally improved;
  2. Its ability to tap on Chinese consumers’ desire for foreign goods;
  3. To harness the inherent value in the distribution chain;
  4. Favourable weather patterns.

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