Palm Oil Prices at all time high - highest price recorded in past 5 years at least!
WATA has almost 85% TO from Palm Oil which is now all time high and subject to tax benefits from Govt's new budget for Agri! Balance 15% is Dairy and Milk which is also a subject of interest by the present govt and subject tax advantages.
WATA is poised for a high growth run especially considering that they at around 6x annualised H1 PER.
Target price in my opinion is at 8x forward PER, which is 84/- representing a 55% upside to current MP.
This is not a BUY/SELL recommendation. DYOR.
This is good news for ELPL and NAMU too
If WATA reach your target, then ELPL should be around 70+