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It’s a 'buy' for Wilmar as its India IPO 'back on track': analysts

Felicia Tan
Felicia Tan9/29/2021 7:51 PM GMT+08  • 5 min read
It’s a 'buy' for Wilmar as its India IPO 'back on track': analysts
Citi, CGS-CIMB and UOB Kay Hian have pegged Wilmar's TP to be at $5.71, $6.15 and $6.40 respectively.
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Analysts are keeping their “buy” calls on Wilmar International as the agricultural group’s joint venture (JV) in India, Adani Wilmar, announced that its Indian initial public offering (IPO) is moving ahead.

See: Wilmar India JV's IPO back in motion

The announcement was made by Wilmar on the SGX after the market close on Sept 27.

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