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Mewah International Inc. ( (SG:MV4) ) has provided an update.
Mewah International Inc. reported an update on a fire at its Medan, Indonesia facility operated by 70%-owned PT. Agro Raya Mas, where refining and fractionation plants remain operational but shortening and packing facilities were fully damaged. The Group has written off USD 13.1 million of property, plant, equipment and inventories in its 2025 unaudited results, reflecting its equity share of the loss.
The insurance claim process is ongoing, with the timing and amount of any proceeds still uncertain and to be recognised only when approved. PT. Agro Raya Mas has started rebuilding the damaged shortening, packing and office facilities using initial funding from joint venture partners, with any future insurance payouts intended to offset reconstruction costs, and the Group plans to provide further material updates.
The most recent analyst rating on (SG:MV4) stock is a Hold with a S$0.32 price target. To see the full list of analyst forecasts on Mewah International Inc. stock, see the SG:MV4 Stock Forecast page.
More about Mewah International Inc.
Mewah International Inc. is an agribusiness group operating through subsidiaries such as PT. Agro Raya Mas in Indonesia. The Group is involved in edible oils refining and fractionation, including consumer pack products like shortening, with a market focus that includes Medan-based refining and packing operations for its Consumer Pack Segment.
Average Trading Volume: 51,163
Technical Sentiment Signal: Buy
Current Market Cap: S$480.2M
See more insights into MV4 stock on TipRanks’ Stock Analysis page.