Flash Report - Equity /
Singapore

Wilmar set to surge due to China's energy crisis

  • Wilmar will benefit from galloping food prices, driven by electricity shortages and the closure of rival food processors

  • The Adani Wilmar IPO in India could add further value at a time of booming Indian stock prices

  • We reiterate our Buy recommendation on Wilmar with a new target price of SGD6.34, implying 50% upside

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
8 October 2021
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