It has been a good start to the year for Wilmar International, as the plantation stock continues to set five-year highs in terms of share price. But according to DBS analysts William Simadiputra and Woon Bing Yong, the counter deserves a higher valuation multiple on the back of stronger food demand. They have maintained their “buy” call with a higher target price of $6.67 from $5.28  previously.

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