DBS says Wilmar’s share price is trading at a bargain, having corrected by 25% in 2017. It is currently trading at 12.1 times FY18 earnings, lower than its five-year average multiple of 14.6 times.
SINGAPORE (Feb 26): DBS, RHB and OCBC are upgrading Wilmar International to “buy” from “neutral” with target prices of $3.65, $3.45 and $3.51 respectively.
