WILMAR

I believe Wilmar is the only one worth investing now

The rest of the commodities stocks like Noble and Olam all reported huge profit slump .

Pure Palm oil play like golden agri also suffered massive drop in profits .

Only wilmar repored jump in profits and is globally diversified in many products not only palm oil .....

target price raised to $5.70 by Credit Suisse

*Wilmar International (WLIL.SI) - What's New from Citi Pan-Asia Regional Investor Conference 2023

Key takeaways:

1) mgmt. is sanguine about a back-end loaded (2H23E) consumption recovery in China, its key market,
2) the company's central kitchen expansion plans are a key value-added long-term business growth driver in China, and
3) a severe El Nino could have a net positive impact on its upstream businesses; risk mgmt. policies have been strengthened since the last El Niño in 2015-16 to cater to a scenario of potential price shocks.

 Buy | Target price S$5.45