Wilmar

Wilmar: CIMB maintains Outperform and TP of $7.08, based on 16x forward P/E.
Highlights recent news that cooking-oil companies in China plan to raise their retail prices soon, with grp intending to raise cooking-oil prices by 5-20%, depending on the product range. On average, prices should be raised by around 10%.Keeps earnings forecasts unchanged, due to imputed lower profit margins for the group's consumer products division to account for rising feedstock prices. Broker continues to see stock catalysts from higher CPO prices, better-than-expected profit margins and earnings accretion from its venture into sugar. UOBKH similarly has Buy call of $7.00 TP.