Wilmar among top buys of some analysts for its diversified earnings base
Outlook bullish even as agri-food giant's second- largest shareholder pares its stake in the company
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Uma Devi
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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.
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