However, from her perspective, the fact that Wilmar’s acknowledgement of these issues will likely reduce investor uncertainty and limit knee-jerk reactions to share-price movements when these cases conclude.
Numerous analysts are turning positive on Wilmar following the conclusion of the Indonesia cooking oil case and its 3QFY2025 business update, where it reported a 72% y-o-y jump in core net profit to US$357 million, which beat some of their expectations with higher sales and better crushing margins.
Jacquelyn Yow of CGS International, in her Oct 31 note, flags that numerous issues remain, ranging from potential land confiscation, ongoing investigations into rice mislabeling and potential reclamation of a portion of previous biodiesel subsidy by the government.
