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Wilmar got downgraded by Goldman Sach

Here’s the news. JPMorgan downgrades Wilmar International (F34.SG) to Underweight from Overweight and slashes its target price to S$4.60 from S$7.20. Says the stock is likely to underperform near term due to a regulatory overhang and competition in China; also cites an overly optimistic consensus earnings estimates and likely lackluster earnings momentum, while investors may ...

 

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