SINGAPORE (June 24): RHB Group Research is reiterating its “buy” call on Wilmar International with a new target price of $4.87 from $4.83 previously, as it is one step closer to its China listing.
See: Wilmar shares surge on impending subsidiary IPO, draws query
Wilmar’s subsidiary, Yihai Kerry, was amongst the first batch of 32 companies selected for Shenzhen Stock Exchange’s (SZSE) growth enterprise market (GEM) board pilot registration system for listing.
