S'pore Plantation Stocks Mixed Ahead Of CPO Data

[Dow Jones] Singapore plantation stocks mixed as investors still mulling EU's plans to cut back use of biofuel in bid to tame rising food prices, while awaiting Malaysian Palm Oil Board's June CPO data due later today. Wilmar (F34.SG) off 1.1% at S$4.62, Golden Agri-Resources (E5H.SG) flat at S$0.79, First Resources (EB5.SG) +0.9% at S$1.11, Indofood Agri Resources (5JS.SG) off 0.4% at S$2.25. "A high inventory level could further dampen CPO prices and also cap the upside," says UOB KayHian. Adds, any further weakness in share price of sector's leader Wilmar, will offer buying opportunity; suggests entry price of S$4.30. Retains Sell rating on Wilmar for time being with S$4.80 target, keeps Buy call on others, with unchanged target price of S$1.65 for First Resources, S$1.32 for Golden Agri, Indofood at S$3.55