RHB Group Research analyst Juliana Cai has maintained “buy” on Wilmar International with a raised target price of $6 from $5.85 previously.

“If Yihai Kerry Arawana’s post-listing share price performance and special dividends are not enough to lift Wilmar's share price, then strong commodities prices and rising margins are here to give it another booster shot in 2021,” says Cai in a note dated Jan 7.

Cai opines that the group has “struck oil” as it rides on a price uptrend for crude palm oil (CPO).

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