0133 GMT - Oiltek International's outlook seems bright thanks to tailwinds including positive macro trends, say UOB Kay Hian analysts in a note. The vegetable and edible oil process engineering company is optimistic about its long-term prospects, they say, and well-placed to tap growth in the global fats and oils market. As a provider of solutions for all vegetable oils, the Singapore-listed company is a clear beneficiary of higher demand for edible and non-edible oils and fats spurred by growing populations and rising food demand. UOB KH raises the stock's target price to S$1.37 from S$1.22, while maintaining a buy rating. Shares are last at S$1.19.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
February 16, 2025 20:33 ET (01:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.