While there are a myriad of problems and issues in complying with the EUDR guidelines based on current regulations, RHB believes there are also numerous solutions. The Malaysian and Indonesian governments working together with the EU to find solutions is a step in the right direction, the analysts say.
Analysts at RHB Bank Singapore have maintained “buy” on Wilmar International (SGX:F34
) with a new target price of $4.40 after raising its environmental, social and governance (ESG) score to 3.3 from 3.1 previously.
The analysts believe Wilmar is one of the companies that would be well-poised to comply with the European Union Deforestation Regulation (EUDR).
