Nirgunan Tiruchelvam, an analyst at Royal Bank of Scotland Asia Securities (Singapore) Pte Ltd who boosted his palm oil price forecast last month, yesterday raised his recommendation on Wilmar International Ltd, the biggest supplier of cooking oil in China, to "buy" from "sell."
Tiruchelvam also increased the 12-month stock price target for Wilmar to S$5.36 from S$2.20 in a report. The stock traded today at S$4.90. time 14:00wib sesi 2 kontrak jun'09 = M$ 2,480 turun 12 = 0,48% kontrak jul'09 = M$ 2,496 naik 27 = 1,09% kontrak aug'09 = M$ 2,490 naik 30 = 1,26%
