The company will provide a further update once the Court’s formal judgment and details of the award are issued.
DBS Group Research has kept its 'hold' call and $3 target price on Wilmar International following news that Indonesia's apex court has overturned an earlier "not guilty" decision over a cooking oil case that involves the Singapore-listed agri-food giant and two other palm oil groups.
Wilmar maintains that while it respects the Indonesian Supreme Court’s decision, its subsidiaries acted in compliance with regulations and in good faith during the cooking oil shortage.
