Wilmar

Wilmar: With UBS' recommendation to deploy funds elsewhere from Olam, house notes that there are few direct peers with the broad exposure Olam offers. UBS highlighted Wilmar for its exposure to palm oil, sugar, and soy processing, including primary production, processing and downstream operations. UBS believes Wilmar offers better risk/reward following the Temasek takeover offer for Olam. As at 31 Oct, UBS has a Neutral rating with TP of $3.55 for Wilmar.