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Wilmar offers stability in face of weak CPO prices & soybean tariffs: OCBC

Michelle Zhu
Michelle Zhu6/27/2018 11:09 AM GMT+08  • 2 min read
Wilmar offers stability in face of weak CPO prices & soybean tariffs: OCBC
SINGAPORE (June 27): OCBC Investment Research is maintaining “neutral” on soft commodities with Wilmar International as its top sector pick due to its more diversified operations compared to industry peers.  
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SINGAPORE (June 27): OCBC Investment Research is maintaining “neutral” on soft commodities with Wilmar International as its top sector pick due to its more diversified operations compared to industry peers.

The counter has been rated “buy” with an unchanged fair value estimate of $3.51.

OCBC’s cautious sector outlook comes ahead of China’s July 6 implementation of 25% tariffs on US goods, including soybeans, which has prompted US soybean futures to fall to a low of about US$852/bushel.

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