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Why is there a sharp drop in the share price of Wilmar today?
aim for the stars!
Joelton ( Date: 11-Mar-2026 10:36) Posted:
&lsquo Iran conflict impact mixed&rsquo : Maybank Securities upgrades Wilmar to &lsquo buy&rsquo on constructive outlook, despite headwinds
The brokerage lifts its target price by 23.4% to S$3.85
[SINGAPORE] Maybank Securities has upgraded its call on Wilmar International : F34 +4.25% to a &ldquo buy&rdquo , citing earnings tailwinds for the agribusiness, as its 2026 outlook remains constructive amid geopolitical and operating headwinds.
On Tuesday (Mar 10), the brokerage raised its target price for Wilmar by 23.4 per cent, from S$3.12 to S$3.85, S$0.32 or 9.1 per cent above its latest closing price of S$3.53 on Monday.
Highlighting that Wilmar delivered a &ldquo resilient&rdquo performance in FY2025 &ndash the group posted a 38.3 per cent rise in net profit to US$815.9 million for the second half of the financial year and a 20.6 per cent increase in full-year earnings to US$1.41 billion &ndash Maybank Securities analyst Hussaini Saifee said that the company&rsquo s earnings are &ldquo on an upward trajectory&rdquo .
&ldquo Forward momentum is intact, supported by mid-single-digit growth in food product volumes, stable pricing conditions, and continued product mix optimisation, underpinning a projected 9 per cent FY2025 to FY2028 earnings compound annual growth rate,&rdquo he said.
He noted that the &ldquo bulk of regulatory overhang&rdquo facing the company is largely behind, with adequate provisions having already been recognised.
Foreign-exchange movements may benefit the company, with the weakening of the greenback against the Chinese yuan, Australian dollar and euro providing &ldquo incremental earnings tailwinds&rdquo for Wilmar, which derives around 55 per cent of its revenues from these geographic locations.
&ldquo With earnings on an upward trajectory and leverage trending lower, balance-sheet flexibility is improving, creating scope for potential dividend enhancement,&rdquo added Saifee.
As Wilmar&rsquo s net debt to earnings before interest, taxes, depreciation and amortisation of 1.7 times remains &ldquo comfortable&rdquo , the analyst said that its earnings trajectory signals &ldquo potential for dividends to increase accordingly&rdquo .
However, he noted that the impact of the Iran war on Wilmar&rsquo s business could be &ldquo mixed&rdquo . While elevated crude oil prices could support biofuels, this could be offset by higher freight and insurance costs alongside potential demand softness, in the event that the conflict escalates. |
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&lsquo Iran conflict impact mixed&rsquo : Maybank Securities upgrades Wilmar to &lsquo buy&rsquo on constructive outlook, despite headwinds
The brokerage lifts its target price by 23.4% to S$3.85
[SINGAPORE] Maybank Securities has upgraded its call on Wilmar International : F34 +4.25% to a &ldquo buy&rdquo , citing earnings tailwinds for the agribusiness, as its 2026 outlook remains constructive amid geopolitical and operating headwinds.
On Tuesday (Mar 10), the brokerage raised its target price for Wilmar by 23.4 per cent, from S$3.12 to S$3.85, S$0.32 or 9.1 per cent above its latest closing price of S$3.53 on Monday.
Highlighting that Wilmar delivered a &ldquo resilient&rdquo performance in FY2025 &ndash the group posted a
38.3 per cent rise in net profit to US$815.9 million for the second half of the financial year and a 20.6 per cent increase in full-year earnings to US$1.41 billion &ndash Maybank Securities analyst Hussaini Saifee said that the company&rsquo s earnings are &ldquo on an upward trajectory&rdquo .
&ldquo Forward momentum is intact, supported by mid-single-digit growth in food product volumes, stable pricing conditions, and continued product mix optimisation, underpinning a projected 9 per cent FY2025 to FY2028 earnings compound annual growth rate,&rdquo he said.
He noted that the &ldquo bulk of regulatory overhang&rdquo facing the company is largely behind, with adequate provisions having already been recognised.
Foreign-exchange movements may benefit the company, with the weakening of the greenback against the Chinese yuan, Australian dollar and euro providing &ldquo incremental earnings tailwinds&rdquo for Wilmar, which derives around 55 per cent of its revenues from these geographic locations.
&ldquo With earnings on an upward trajectory and leverage trending lower, balance-sheet flexibility is improving, creating scope for potential dividend enhancement,&rdquo added Saifee.
As Wilmar&rsquo s net debt to earnings before interest, taxes, depreciation and amortisation of 1.7 times remains &ldquo comfortable&rdquo , the analyst said that its earnings trajectory signals &ldquo potential for dividends to increase accordingly&rdquo .
However, he noted that the impact of the Iran war on Wilmar&rsquo s business could be &ldquo mixed&rdquo . While elevated crude oil prices could support biofuels, this could be offset by higher freight and insurance costs alongside potential demand softness, in the event that the conflict escalates.
Wilmar International' s FY2025 earnings reached US$1.4 bil one-offs result in net gain of US$103.8 mil
Wilmar International reported FY2025 earnings of US$1.4 billion, a 20.6% increase, with revenue reaching US$70.4 billion. The company recorded a net gain of US$103.8 million, including a US$1.14 billion gain on remeasurement from its associate, AWL Agri Business.
Everything seems in order.
spursfan ( Date: 26-Feb-2026 17:38) Posted:
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Price dropped before result announcement. Hopefully, the results will be good and give the share price a lift.
Firmer palm oil prices lift SGX agri stocks ahead of H2 results, but Indonesia risks cloud outlook
Market watchers expect the strong streak from earlier in FY2025 to continue, but individual companies face potential downside risks
[SINGAPORE] The tightening global supply of crude palm oil (CPO) likely boosted Singapore-listed agriculture players for the second half and fourth quarter of the 2025 financial year, but investors remain wary as Indonesia&rsquo s shifting regulations and land clawback campaign cast a shadow over the sector.
With the companies expected to report their results this week, analysts said industry tailwinds should extend the strong momentum from H1, though policy risks and company-specific challenges cloud the outlook.
Meanwhile, attention is also on Olam Group : VC2 , which is continuing its multi-year restructuring. Investors are closely watching its balance sheet for progress on the divestment of its Olam Agri unit to the Saudis and the planned initial public offering of its food ingredients unit, ofi.
Palm oil planters
Analysts flagged two key developments in H2 FY2025 for palm oil producers: regulatory fog in Indonesia and higher CPO prices due to tighter supply.
The prices are expected to be boosted by Indonesia&rsquo s B50 biodiesel mandate, which requires the blending of 50 per cent palm oil-based fuel with diesel, said OCBC Group Research in a note on Jan 14.
Despite the postponement of Indonesia&rsquo s B50 mandate, the existing B40 programme absorbed over 13 million tonnes of CPO in 2025, compared with 7.5 million tonnes in 2020. This provides a robust floor for palm oil demand, helping to underpin prices, said Macquarie Equity Research in a note on Jan 16.
Nirgunan Tiruchelvam, head of consumer and Internet at Aletheia Capital, noted in October 2025 that Bumitama Agri : P8Z and First Resources : EB5 are the &ldquo most leveraged to CPO price gains through youthful estates and high extraction rates&rdquo .
Indofood Agri Resources : 5JS should benefit from stronger downstream refining spreads, while Kencana Agri : BNE offers the highest operating leverage given its smaller base, said Tiruchelvam.
These four Singapore-listed stocks are priced around 30 per cent lower than their competitors, despite having a return on invested capital in the mid-teens and dividend yields of up to 9 per cent, he added.
Still, he highlighted a valuation gap. While CPO prices doubled between 2015 and 2025, regional plantation stocks lagged by 17 per cent.
He attributed this disconnect to a sharp decline in the correlation between palm oil prices and stock performance, which fell from 83 per cent between 1995 and 2015 to 42 per cent after 2015. This drop came as fund managers divested palm oil for ESG reasons, he said.
However, geopolitical shifts, such as the rollback of ESG standards under the Trump administration, could reignite investor interest and potentially restore the historical link between commodity prices and plantation share values, he noted.
Macquarie analysts Amanda Foo and Hanel Tan said that the global CPO market was moving into a &ldquo structurally tight phase&rdquo . They added that supply growth is increasingly capped by moratoriums on new plantation developments in Indonesia and Malaysia, declining yields from ageing trees, and the onset of La Nina weather patterns.
That said, regulatory risks remain. Indonesia&rsquo s land clawback campaign potentially affects hundreds of companies across palm oil, forestry and mining. OCBC analysts noted that the risk of regulatory fines from alleged unauthorised planting in Indonesia could weigh on investor confidence.
Meanwhile, market watchers said that larger integrated players such as Wilmar International : F34 and Golden Agri-Resources : E5H are also likely to benefit from firmer CPO prices.
Tiruchelvam, however, noted that Wilmar&rsquo s contract fraud liability ruling in China and ongoing legal challenges in Indonesia introduced a &ldquo structural overhang&rdquo .
Macquaries Foo added in a separate note: &ldquo While Wilmar has yet to find reprieve from its regulatory situation, we believe this has been more than priced in by the market.&rdquo
OCBC Group Research expects Golden Agri-Resources to report softer fresh fruit bunch production in H2 2025 due to its aggressive replanting programme and dry weather conditions.
Olam Group
While palm oil players grapple with yields and mandates, agribusiness giant Olam Group is navigating developments centred on its balance sheet and the completion of its reorganisation strategy.
Market watcher Jamal Aliyev, manager at nut distribution company CCI Apac, noted that Olam Group&rsquo s primary drag has been high net gearing, driven by the spike in cocoa and coffee prices in 2024.
During Olam Groups earnings briefing for FY2024, the company reported that invested capital grew by 34.4 per cent year on year, primarily on elevated commodity prices in its ofi portfolio.
However, with cocoa prices retreating from over US$11,000 per tonne in 2024 to around US$3,300 per tonne now, Olam Group is expected to see a reduction in working capital needs, noted Aliyev.
This should lead to &ldquo improvements in net gearing, fortify Olam Groups balance sheet and lower its finance expenses for the second half of FY2025 and the first half of FY2026&rdquo , he added.
Post-Olam Agri divestment, the remaining Olam Group will be &ldquo practically debt-free&rdquo , he said, as the majority of the sale proceeds are intended to repay the group&rsquo s debt.
Full-year results for the agri sector kick off on Feb 26 with Golden-Agri Resources and Wilmar, while Bumitama Agri, First Resources, Indofood, Mewah International and Olam Group will report on Feb 27.
No share buy back?
应 该 没 有 那 么 倒 霉 吧 . 已 经 两 次 ， 第 三 次 gg liao
Later, if unlucky another court case surface, then it may sink again!
Tob231 ( Date: 04-Dec-2025 17:53) Posted:
The last low is at 2.79 .... today, it has bounced off at 3.03
guess we can discount what Aletheia Capital analysis ... nonsensical target
to reach 2.9 is already too much
Tob231 ( Date: 03-Dec-2025 21:51) Posted:
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The last low is at 2.79 .... today, it has bounced off at 3.03
guess we can discount what Aletheia Capital analysis ... nonsensical target
to reach 2.9 is already too much
Tob231 ( Date: 03-Dec-2025 21:51) Posted:
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Aletheia target is ridiculous S$2.50 ... rubbish !!! I think they are wanting to buy cheap
yes, but not sure deep is the correction. i doubt it will go to $2.50
https://www.businesstimes.com.sg/companies-markets/aletheia-capital-downgrades-wilmar-sell-cuts-target-s2-50-legal-woes
Aletheia Capital downgrades Wilmar to &lsquo sell&rsquo , cuts target to S$2.50 on legal woes
China contributes more than half of the agribusiness group&rsquo s earnings
buy on dips
This is Robert Kwok' s flagship. He has invested loads in China and is well respected and liked in China.
Would he allow this to ruin his name at this stage of his life? China has never forgotten those who have helped them in times of need. An example is Henry Fok
Heaven forbids!
FATABA ( Date: 03-Dec-2025 09:21) Posted:
After a big large fine in Indonesia and now hit w this China issue .
Whatever, the mgt is really sleeping .........high debt too .
Wilmar need a major change in mgt ....cant depend on this old hero ....as the world changes.
Living in the past and depending on family pass-on dont work .
Time will tell DYODD
Joelton ( Date: 29-Nov-2025 13:14) Posted:
Wilmar&rsquo s China subsidiary lodges appeal over contract fraud case
[SINGAPORE] A subsidiary of Wilmar International has lodged an appeal in a Chinese court, after it was found guilty of contract fraud and ordered to bear losses amounting to 1.88 billion yuan (S$345.6 million).
Yihai (Guangzhou) Oils & Grains Industries Co (Guangzhou Yihai) submitted a written appeal to the Anhui Provincial Higher People&rsquo s Court, Shenzhen-listed Yihai Kerry Arawana (YKA) said on Friday (Nov 28). Guangzhou Yihai is a subsidiary of YKA, which is 89.99 per cent owned by Wilmar.
&ldquo The second instance hearing in this litigation has yet to commence, and its impact on the company&rsquo s current period profits and future profits remains uncertain,&rdquo YKA said.
Guangzhou Yihai was sued by the public prosecutor in China in January 2024 as an &ldquo accomplice&rdquo in contract fraud related to palm oil trades between state-owned enterprise Anhui Huawen and a privately owned counterparty, Yunnan Huijia Import & Export Co. The alleged fraud led to a 5.2 billion yuan loss for Anhui Huawen.
Wilmar and YKA have rejected the judgment. YKA stated that it would &ldquo fully support&rdquo its subsidiary&rsquo s appeal.
The group argued that the fraud was perpetrated by Yunnan Huijia, which allegedly bribed senior executives and staff at Anhui Huawen to fabricate transactions. Wilmar&rsquo s position is that Yunnan Huijia is attempting to implicate Guangzhou Yihai to shift responsibility for the losses.
&ldquo Guangzhou Yihai neither participated in nor had knowledge of any fraudulent activities, nor did it engage in any acts of assistance,&rdquo YKA said.
At present, the production and operations of YKA and its subsidiaries are proceeding as normal, the company said.
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More selling?
If Below 300 , will buy
After a big large fine in Indonesia and now hit w this China issue .
Whatever, the mgt is really sleeping .........high debt too .
Wilmar need a major change in mgt ....cant depend on this old hero ....as the world changes.
Living in the past and depending on family pass-on dont work .
Time will tell DYODD
Joelton ( Date: 29-Nov-2025 13:14) Posted:
Wilmar&rsquo s China subsidiary lodges appeal over contract fraud case
[SINGAPORE] A subsidiary of Wilmar International has lodged an appeal in a Chinese court, after it was found guilty of contract fraud and ordered to bear losses amounting to 1.88 billion yuan (S$345.6 million).
Yihai (Guangzhou) Oils & Grains Industries Co (Guangzhou Yihai) submitted a written appeal to the Anhui Provincial Higher People&rsquo s Court, Shenzhen-listed Yihai Kerry Arawana (YKA) said on Friday (Nov 28). Guangzhou Yihai is a subsidiary of YKA, which is 89.99 per cent owned by Wilmar.
&ldquo The second instance hearing in this litigation has yet to commence, and its impact on the company&rsquo s current period profits and future profits remains uncertain,&rdquo YKA said.
Guangzhou Yihai was sued by the public prosecutor in China in January 2024 as an &ldquo accomplice&rdquo in contract fraud related to palm oil trades between state-owned enterprise Anhui Huawen and a privately owned counterparty, Yunnan Huijia Import & Export Co. The alleged fraud led to a 5.2 billion yuan loss for Anhui Huawen.
Wilmar and YKA have rejected the judgment. YKA stated that it would &ldquo fully support&rdquo its subsidiary&rsquo s appeal.
The group argued that the fraud was perpetrated by Yunnan Huijia, which allegedly bribed senior executives and staff at Anhui Huawen to fabricate transactions. Wilmar&rsquo s position is that Yunnan Huijia is attempting to implicate Guangzhou Yihai to shift responsibility for the losses.
&ldquo Guangzhou Yihai neither participated in nor had knowledge of any fraudulent activities, nor did it engage in any acts of assistance,&rdquo YKA said.
At present, the production and operations of YKA and its subsidiaries are proceeding as normal, the company said.
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$2.50 soon, new entry point
kepoh88 ( Date: 13-Oct-2025 00:08) Posted:
Will need many quater to make back those 913m.
The share price shuld be half from current.
pasttime ( Date: 12-Oct-2025 22:03) Posted:
good company with huge market share in the world of retail palm oil.
problem is issue shares is quite large at 6+b and high debt of 28+b and up/down depending on palm oil price.
almost entire value chain of palm oil from plantation to retail.
so when palm oil price up cannot benefits as retail palm oil is cannot pass on increase price due to time lag. but debt shoot up due to higher cost.
many many reason. fine of this amount will kill many company but not this one.
with time will be able to digest it. but very difficult to jump in share price.
they need to sell some asset in indonesia to reduce political and currenct risk. redude debt.
sell some ships etc that is non essential to business. out source an go asset light.
use money to reduce share float slowly,
else only can see long term slow death till very attractive pe.
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Wilmar&rsquo s China subsidiary lodges appeal over contract fraud case
[SINGAPORE] A subsidiary of Wilmar International has lodged an appeal in a Chinese court, after it was found guilty of contract fraud and ordered to bear losses amounting to 1.88 billion yuan (S$345.6 million).
Yihai (Guangzhou) Oils & Grains Industries Co (Guangzhou Yihai) submitted a written appeal to the Anhui Provincial Higher People&rsquo s Court, Shenzhen-listed Yihai Kerry Arawana (YKA) said on Friday (Nov 28). Guangzhou Yihai is a subsidiary of YKA, which is 89.99 per cent owned by Wilmar.
&ldquo The second instance hearing in this litigation has yet to commence, and its impact on the company&rsquo s current period profits and future profits remains uncertain,&rdquo YKA said.
Guangzhou Yihai was sued by the public prosecutor in China in January 2024 as an &ldquo accomplice&rdquo in contract fraud related to palm oil trades between state-owned enterprise Anhui Huawen and a privately owned counterparty, Yunnan Huijia Import & Export Co. The alleged fraud led to a 5.2 billion yuan loss for Anhui Huawen.
Wilmar and YKA have rejected the judgment. YKA stated that it would &ldquo fully support&rdquo its subsidiary&rsquo s appeal.
The group argued that the fraud was perpetrated by Yunnan Huijia, which allegedly bribed senior executives and staff at Anhui Huawen to fabricate transactions. Wilmar&rsquo s position is that Yunnan Huijia is attempting to implicate Guangzhou Yihai to shift responsibility for the losses.
&ldquo Guangzhou Yihai neither participated in nor had knowledge of any fraudulent activities, nor did it engage in any acts of assistance,&rdquo YKA said.
At present, the production and operations of YKA and its subsidiaries are proceeding as normal, the company said.
