Wilmar: Institutional interest in Wilmar rising. Buy, TP: $4.24.
- Strong interest in Wilmar's recovery
- Investors have been underweight the name and are keen to understand the turnaround story better
- Reason behind improved soy crush margins and Wilmar's sugar recovery have gone unnoticed
- Wilmar reports 1Q16 results on 10 May, CLSA expects core earnings of US$262m. Soy and palm refining to do well. Upstream plantation likely to disappoint
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