Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/20	DMG & Partners	Wilmar	4.29	4.75	Buy	Sum of parts
01/08/20	Credit Sussie	Wilmar	4.29	4.8	Outperform
01/30/20	UOB Kay Hian	Wilmar	3.99	4.75	Buy
02/14/20	DMG & Partners	Wilmar	4.1	4.43	Buy	Sum of parts
02/21/20	CIMB	Wilmar	4.04	4.58	Add	Sum of parts
02/21/20	DMG & Partners	Wilmar	4.04	4.77	Buy	Sum of parts
02/21/20	UOB Kay Hian	Wilmar	4.04	4.75	Buy
02/24/20	UOB Kay Hian	Wilmar	4.11	4.6	Buy
02/24/20	DBS Vickers	Wilmar	4.11	4.6	Buy	Sum of parts, PER17.1x FY20
02/25/20	OCBC	Wilmar	4.05	4.64	Buy
02/25/20	Kim Eng	Wilmar	4.05	4.37	Hold
02/28/20	Morgan Stanley	Wilmar	4.15	5	Overweight
02/28/20	Credit Sussie	Wilmar	4.15	4.8	Outperform
02/28/20	JP Morgan	Wilmar	4.15	5	Overweight
03/24/20	DMG & Partners	Wilmar	2.9	4.3	Buy	Sum of parts
03/27/20	DBS Vickers	Wilmar	3.18	4	Buy	Sum of parts, PER16.3x FY20
03/30/20	UOB Kay Hian	Wilmar	3.22	4	Buy
04/07/20	DMG & Partners	Wilmar	3.4	4.3	Buy
04/13/20	DBS Vickers	Wilmar	3.43	4	Buy
04/30/20	UOB Kay Hian	Wilmar	3.46	4	Buy
04/30/20	OCBC	Wilmar	3.46	4.54	Buy
05/12/20	UOB Kay Hian	Wilmar	3.54	4	Buy	Sum of parts
05/12/20	CIMB	Wilmar	3.54	4.58	Add	Sum of parts
05/13/20	DMG & Partners	Wilmar	3.82	4.83	Buy	Sum of parts
05/13/20	DBS Vickers	Wilmar	3.82	4	Buy	Sum of parts, PER16.7x FY20
05/13/20	Kim Eng	Wilmar	3.82	4.12	Buy
06/11/20	UOB Kay Hian	Wilmar	4.04	4.8	Buy
06/24/20	DMG & Partners	Wilmar	4.18	4.87	Buy	Sum of parts
07/02/20	DBS Vickers	Wilmar	4.1	4.6	Buy	Sum of parts, PER19.6x FY20
08/07/20	DMG & Partners	Wilmar	4.79	5.45	Buy	Sum of parts
08/07/20	CIMB	Wilmar	4.79	5.53	Add	Sum of parts
08/13/20	Kim Eng	Wilmar	4.79	5.24	Buy	DCF & PER20.1x
08/13/20	DBS Vickers	Wilmar	4.79	5.28	Buy	Sum of parts, PER20.2x FY20
08/14/20	OCBC	Wilmar	4.87	5.4	Buy
09/07/20	DBS Vickers	Wilmar	4.37	5.28	Buy
09/15/20	UOB Kay Hian	Wilmar	4.15	5.35	Buy	Sum of parts
09/17/20	CIMB	Wilmar	4.3	5.53	Add	Sum of parts
10/01/20	Kim Eng	Wilmar	4.4	5.24	Buy
10/08/20	DMG & Partners	Wilmar	4.58	5.45	Buy
10/16/20	UOB Kay Hian	Wilmar	4.36	5.35	Buy
10/16/20	DMG & Partners	Wilmar	4.36	5.6	Buy
11/02/20	UOB Kay Hian	Wilmar	4.04	5.35	Buy
11/03/20	OCBC	Wilmar	4.25	5.4	Buy
11/03/20	DBS Vickers	Wilmar	4.25	5.28	Buy	Sum of parts, PER17.8x FY21
11/03/20	Lim & Tan	Wilmar	4.25	0	Accumulate
11/03/20	CIMB	Wilmar	4.25	5.54	Add
11/03/20	DMG & Partners	Wilmar	4.25	5.85	Buy
11/03/20	Kim Eng	Wilmar	4.25	5.4	Buy
12/08/20	CIMB	Wilmar	4.23	5.45	Add
01/07/21	DMG & Partners	Wilmar	4.95	6	Buy
01/13/21	UOB Kay Hian	Wilmar	5.08	6.4	Buy
01/14/21	Kim Eng	Wilmar	5.05	6.8	Buy	DCF & PER44x
01/21/21	DBS Vickers	Wilmar	5.34	6.67	Buy	Sum of parts, PER21x FY21
02/23/21	CIMB	Wilmar	5.51	6.15	Add	Sum of parts
02/23/21	UOB Kay Hian	Wilmar	5.51	6.4	Buy	PER26x FY21
02/23/21	DBS Vickers	Wilmar	5.51	6.67	Buy
02/23/21	DMG & Partners	Wilmar	5.51	6.3	Buy
02/24/21	OCBC	Wilmar	5.39	6.16	Buy