Wilmar among top buys of some analysts for its diversified earnings base

Singapore

INVESTORS of Wilmar International were rattled on Aug 20 when its second-largest shareholder, Archer Daniels Midland (ADM), decided to trim its stake in the agri-commodities company. The agri-food giant's share price tumbled 10 per cent over the course of the day, with some 236.4 million shares changing hands as a panic-induced selloff took place.

But the fall in Wilmar's shares may have created a buying opportunity, and analysts say investors can look forward to several catalysts for the stock.