Wilmar deserves higher multiples as decade of investments pay off, says DBS
Ng Qi Siang Published on Thu, Jan 21, 2021 / 3:05 PM GMT+8
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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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