SINGAPORE (Nov 13): OCBC has maintained its “buy” call on Wilmar with a new fair value of $3.27 on “satisfactory” underlying performance and upbeat 4Q outlook.

In a Thursday report, lead analyst Carey Wong says, “Weaker headline numbers could cause a sell-off, but we believe that the fundamentals remain relatively sound; hence, a dip below $3 presents a buying opportunity.”

Wilmar International Limited (WIL) reported a 7.6% y-o-y slide in revenue to US$10.6 billion, mainly due to lower commodity prices.

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