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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

Published Wed, Nov 28, 2018 · 09:50 PM

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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