SINGAPORE (Feb 19): DBS Vickers Securities is keeping its “buy” rating on Wilmar International with a $3.70 target price.

DBS says 4Q core earnings of commodities supplier were ahead of its estimates as its soybean crushing and consumer products businesses performed well, a trend that is likely to continue.

Wilmar's soybean crushing will benefit from favourable pricing and seasonally higher consumer volumes in China in the first quarter.

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