Wilmar International

Wilmar International has secured a US$150 million ($202.15 million) sustainability-linked loan from OCBC Bank.

India has raised its effective import duties on crude palm oil (CPO) effective Feb 2 in a negative for the palm oil industry.

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.

While RHB Securities has continued to be optimistic on the prospects of

It has been a topsy-turvy 2020 for palm oil stocks.

Sheng Siong Group, a regular big winner at every year’s Billion Dollar Club, features prominently again.

Wilmar International has been included in the Dow Jones Sustainability Indices (DJSI) under the Asia Pacific Index for the Food, Beverage and Tobacco industry grouping on Nov 16.

Wilmar International

Price target:

RHB Group Research “buy” $5.85

DBS Group Research “buy” $5.28

CGS-CIMB “add” $5.54

Agribusiness players are generally positive on crude palm oil (CPO) prices for the remainder of the year with the current rally set to ease with improved supply in 1H21F, note CGS-CIMB an

As at noontime on Nov 2, the Straits Times Index (STI) was trading at 2,439.76, up from 2,431.265 as at 9am on the same day.