"We believe this is the bottom. Margins are stabilising as input costs fall and the group gains scale advantages. Volumes across all business segments are improving as demand recovers and crush margins strengthens," says Thilan Wickramasinghe of Maybank Securities.
Wilmar International's most recent earnings came in lower than expected but some analysts have upgraded their calls nonetheless, as they believe the prospects are improving.
For the six months ended Dec 31 2024, Wilmar suffered a 39.4% y-o-y earnings drop even though revenue was up.
