0314 GMT - Wilmar International's 2025 earnings are set for improvement, with its 2H results coming in line with UOB Kay Hian's expectations. The agriculture company's plantation and sugar milling segment saw on-half and on-year earnings growth, driven by higher palm oil prices, they write. Although palm oil refining is likely to remain challenging, analysts note that the company is cautiously optimistic about the oilseeds division, citing expected record soybean crop production in Brazil this year. UOB KH maintains a hold rating on the stock, with a target price of S$3.18. Shares are down 0.6% at S$3.16.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 22:14 ET (03:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.