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Broker's Calls
CGS-CIMB maintains 'add' on Wilmar following sale of shares by major shareholder
“We like Wilmar for its favourable earnings prospects in 2020. The market could also be underestimating YKA’s potential value, which is set to be unlocked upon its ChiNext listing,” note the analysts.
August 21, 2020
Company in the news
Shares in Wilmar International fall 10% after major shareholder plans to cut stake
Wilmar’s shares closed $4.86 on August 19, and opened 7.61% down at $4.49 when markets opened on August 20 following the news.
August 20, 2020
Agriculture / Hotels / Restaurants
Archer Daniels Midland to cut stake in Wilmar, sell shares for over $682 million
Grain trader Archer Daniels Midland Co (ADM) said it plans to sell shares and bonds in Singapore-based Wilmar International with a combined value of $1.09 billion
August 20, 2020