Analysts cut target price for Wilmar amid regulatory overhang, higher raw material costs

Analysts cut target price for Wilmar amid regulatory overhang, higher raw material costs


The company’s nine-month earnings for the period ended Sep 30 are below banks’ estimates

[SINGAPORE] Analysts have reduced their target price for Wilmar International, citing regulatory risks arising from the haze-related probe, alongside higher raw material prices caused by El Nino.

CGS International (CGSI) reduced the company’s target price to S$3.15 from S$3.60, while maintaining its “hold” call.

Jacquelyn Yow from CGSI said that the house maintained its position over uncertainty related to Indonesia’s palm oil policies and haze-related enquiries by the National Environmental Agency (NEA).



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Liam Redmond

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