0159 GMT - Wilmar International seems cautiously optimistic for 2025, based on the management's commentary, OCBC Investment Research's Research team says in a research report. This view is driven by the recovery of consumption demand in China and regions, the team notes. The agribusiness group's oilseeds business is expected to perform satisfactorily, particularly with record soybean crop production forecast in Brazil this year, the team says. Any potential stronger consumption-related stimulus from China's coming National People's Congress could be a catalyst for the Singapore-listed company, the team adds. OCBC raises the stock's fair value estimate to S$3.67 from S$3.54 with an unchanged buy rating. Shares are 0.6% higher at S$3.15. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 20:59 ET (01:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。