However, overall earnings improvement next year onwards is likely to be overshadowed by market worries over the ongoing cooking oil case in Indonesia, where the company is facing a potential hit of US$720 million. Meanwhile, Wilmar is facing pressure from lower refining margins for its tropical oil business.
William Simadiputra of DBS Group Research has downgraded Wilmar International from "buy" to "hold", along with a lower target price of $3, from $3.80 previously.
The company is likely to report resilient core earnings for the current 2HFY2025.
