"Valuation will likely remain at a discount to its China-listed peers until earnings make a significant turnaround," states RHB Bank Singapore in its Nov 4 note.
Numerous nalysts have trimmed their target prices for Wilmar International (SGX:F34
) following its 3QFY2024 numbers that fell short of expectations, no thanks to lower margins, especially from its China businesses.
Furthermore, existing geopolitical and economic risks might crimp the recovery of its share price, even though its current valuation is deemed "undemanding".
