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27 September 2008

Lehman cuts target to S$5, keeps 'overweight'

18 Aug, 2008, 0549 hrs IST, REUTERS


SINGAPORE: Lehman Brothers has cut its target price for Wilmar to S$5.00 from S$5.80 but kept its "overweight" rating for the stock, citing the recent sharper-than-expected decline in crude palm oil prices.

"While declining commodity prices are likely to affect Wilmar's plantation earnings negatively, we believe this is beneficial for end-demand in the long term," said Lehman Brothers analysts Yong Liang Por and Cheng Khoo.

Shares of Wilmar closed at S$3.99 on Friday.


看看这个已经破产的公司,是怎么评估wilmar的?

Wilmar股价是SGD2.73,还在跌势中。

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