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Okomu Oil Palm– Healthy fundamentals; Neutral rating maintained

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Upward revisions to estimates and price target Okomu Oil’s (Okomu) Q3 2016 results came in stronger than we expected. The variance versus our estimates was due to sales and total costs (cogs+opex) surprising positively. We have tried to reflect the surprises in our forecasts. As such, we increased our earnings estimates by 23.5% on average ...

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