Friday, March 25, 2011
Wilmar: IIFL reiterate Buy with $6.63 TP. Note that grp is trading at an attractive price and it is time to look past FY10 to a 41% earnings rebound in FY11. House add that Grp’s core strengths, top-quality assets base and unrivalled brand equity are as strong as ever and remains a top pick as a long-term Asian consumer play. Co. also has ample liquidity and low financial risks, and has no needs to raise (dilutive) equity capital.