With that, she expects Wilmar’s businesses to recover gradually in FY2026-FY2027, led by China. Based on channel checks, she expects Wilmar’s China soybean crushing margin to come in higher than peers in 3QFY2025, supported by its competitive feedstock pricing and stronger demand for soybean meal.
CGS International is upgrading its call on Wilmar International to “add” from “reduce” previously with a higher target price of $3.30 from $2.70.
The way analyst Jacquelyn Yow sees it, the worst could be over for the group and investors can look forward to improving business segment performance. “We believe the 13% drop in Wilmar’s share price from its recent peak in Mar 2025 would have factored in most concerns over the court case that concluded with a US$709 million fine imposed by the Indonesian Supreme Court,” she says.
