They remain positive about the company’s longer-term prospects, and in the near term, they are cheered by Wimar’s 72% y-o-y jump in core net profit to US$357 million, which exceeded some of their expectations due to higher sales and improved crushing margins.
No thanks to a hefty US$71 million ($92.8 million) fine imposed by the Indonesian government for cooking oil penalties, Wilmar International reported a loss of US$347.7 million for its 3QFY2025 business update.
Yet, numerous analysts are turning positive on Wilmar as they deem that with this fine, the company has reduced a large chunk of the regulatory uncertainties that had hovered over Wilmar for the better part of the year. They are bracing for some lingering uncertainties in the near term, but whatever has surfaced is of a smaller scale.
