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)
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