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The latest update is out from Wilmar International ( (SG:F34) ).
Wilmar International’s subsidiary, Yihai Kerry Arawana Holdings, is appealing a court decision where its sub-unit, Guangzhou Yihai, was found guilty of contractual fraud involving a significant financial penalty. The case, which involves allegations of fraud against a state-owned company, Anhui Huawen, highlights potential legal and financial uncertainties for Wilmar, pending the appeal’s outcome.
The most recent analyst rating on (SG:F34) stock is a Buy with a S$3.50 price target. To see the full list of analyst forecasts on Wilmar International stock, see the SG:F34 Stock Forecast page.
More about Wilmar International
Wilmar International Limited, incorporated in Singapore, operates in the agribusiness industry, focusing on the production and trading of palm oil and other agricultural commodities. It has a significant market presence in China through its subsidiary Yihai Kerry Arawana Holdings Co., Ltd, which is listed on the Shenzhen Stock Exchange.
Average Trading Volume: 6,948,367
Technical Sentiment Signal: Buy
Current Market Cap: S$20.85B
See more data about F34 stock on TipRanks’ Stock Analysis page.