You are here

Exotix Capital initiates coverage on Wilmar with 'sell' call

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

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


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".

Head of...

Market voices on: