Wilmar - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/23	UOB Kay Hian	Wilmar	4.11	5.5	Buy	PER15.3x FY23
01/06/23	DMG & Partners	Wilmar	4.13	5.4	Buy
01/13/23	DBS Vickers	Wilmar	4.14	6.67	Buy	Sum of parts
02/22/23	UOB Kay Hian	Wilmar	3.98	5.5	Buy	PER14x FY23
02/22/23	DBS Vickers	Wilmar	3.98	6.67	Buy	Sum of parts
02/22/23	CIMB	Wilmar	3.98	4.82	Add	Sum of parts
02/22/23	Citi Research	Wilmar	3.98	5.35	Buy
03/13/23	DMG & Partners	Wilmar	3.94	4.65	Buy
04/18/23	UOB Kay Hian	Wilmar	4.09	5.5	Buy	Sum of parts
05/02/23	UOB Kay Hian	Wilmar	3.93	5.5	Buy	Sum of parts
05/02/23	OCBC	Wilmar	3.93	4.74	Buy
05/03/23	CIMB	Wilmar	3.93	4.63	Add	Sum of parts
05/03/23	DMG & Partners	Wilmar	3.93	4.4	Buy
07/10/23	DBS Vickers	Wilmar	3.67	5.3	Buy	PER12x FY24
07/10/23	Kim Eng	Wilmar	3.67	3.99	Hold	PER26x
07/11/23	DMG & Partners	Wilmar	3.68	4.4	Buy
07/17/23	UOB Kay Hian	Wilmar	3.81	4.35	Buy	Sum of parts
07/24/23	DMG & Partners	Wilmar	3.75	4.65	Buy	Sum of parts
08/01/23	CIMB	Wilmar	3.85	4.63	Add	Sum of parts
08/10/23	DBS Vickers	Wilmar	3.85	5.3	Buy
08/14/23	UOB Kay Hian	Wilmar	3.81	4.35	Buy	Sum of parts
08/14/23	Lim & Tan	Wilmar	3.81	4.72	Accumulate on weakness
08/14/23	Aletheia Capital	Wilmar	3.81	2.58	Sell	EV/Ebitda9.9x FY24
08/16/23	UOB Kay Hian	Wilmar	3.64	4.3	Buy	Sum of parts
08/16/23	OCBC	Wilmar	3.64	4.42	Buy
08/16/23	DMG & Partners	Wilmar	3.64	4.25	Buy
08/16/23	CIMB	Wilmar	3.64	4.05	Add	Sum of parts
08/16/23	Citi Research	Wilmar	3.64	4.38	Buy	PER12x FY24
10/19/23	UOB Kay Hian	Wilmar	3.58	3.8	Hold	Sum of parts
10/27/23	DBS Vickers	Wilmar	3.47	5.3	Buy	PER12x FY24
10/27/23	CIMB	Wilmar	3.47	4.05	Add	Sum of parts
10/31/23	DBS Vickers	Wilmar	3.54	4.3	Buy	PER13x FY24
10/31/23	DMG & Partners	Wilmar	3.54	4.25	Buy
11/06/23	UOB Kay Hian	Wilmar	3.64	3.8	Hold	Sum of parts
11/21/23	DMG & Partners	Wilmar	3.64	4.4	Buy
01/17/24	Lim & Tan	Wilmar	3.42	4.02	Accumulate
01/23/24	UOB Kay Hian	Wilmar	3.33	3.35	Hold
02/22/24	UOB Kay Hian	Wilmar	3.26	3.35	Hold	Sum of parts
02/22/24	DBS Vickers	Wilmar	3.26	4.3	Buy
02/26/24	Citi Research	Wilmar	3.39	4.38	Buy	PER12x FY24
03/08/24	CIMB	Wilmar	3.36	3.94	Add