William Simadiputra, an analyst from DBS, maintained the Hold rating on Wilmar International. The associated price target remains the same with S$3.00.
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William Simadiputra has given his Hold rating due to a combination of factors impacting Wilmar International. The company is currently facing challenges from the tropical oil refining margins and potential losses from the ongoing Indonesia cooking oil case, which could affect its earnings growth and valuation. Despite these challenges, Wilmar’s strong balance sheet and diverse food businesses are expected to help it navigate these issues.
Furthermore, while the company’s downstream initiatives are beginning to improve profitability, the full benefits of these efforts are expected to materialize gradually. The market remains cautious due to the uncertainties surrounding the cooking oil case, and although earnings are projected to be weak in the near term, there is potential for improvement in 2026. This outlook, combined with the company’s historical performance, supports the Hold rating with a target price of SGD3.00.
In another report released on October 29, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a S$3.50 price target.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WLMIF in relation to earlier this year.