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Exotix Capital initiates coverage on Wilmar with 'sell' call

It cites the stock's faltering returns and poor earnings growth amid supply glut

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Wilmar faces inventory writedowns as palm oil prices have fallen within a 6-month period by a scale not seen since 2008.

Singapore

EXOTIX Capital has initiated coverage on agribusiness group Wilmar International with a "sell" call, saying the stock is currently trading at an "unwarranted" 36 per cent premium to the sector average "in light of its faltering returns and poor earnings growth".

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