Wilmar

Wilmar: Technical Buy Call by UOB Kay Hian with a potential 6.3% return and a $5.25 TP. House expect the stock to have a short-term rebound towards the said resistance level after a false break below $4.85. The stock currently closed above its 20-day EMA. Both the MACD and the daily Stochastics indicators are trending up, suggesting prices are likely to head north. Alternatively, longs may be exited if prices move below $4.75. House institutional research has a fundamental BUY with a TP of $6.00.