0150 GMT - Wilmar International's regulatory risks appear to be fading, says Maybank Securities' Hussaini Saifee in a note. The Singapore-listed agribusiness has largely drawn a line under major regulatory overhangs from 2025, booking substantial provisions for matters in Indonesia, China and Pakistan, he notes. Meanwhile, the Iran conflict's effect is likely to be mixed, he says. "While elevated crude could support biofuels and integrated spreads offer some buffer, higher freight and insurance costs plus potential demand softness... may be offsetting factors," he says. The company's earnings are nonetheless on an upward trajectory and he raises his 2026-2027 core net profit estimates by 6%-7%. Maybank Securities raises its rating to buy from hold and lifts its target price to S$3.85 from S$3.12. Shares are up 3.4% at S$3.65.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 09, 2026 21:50 ET (01:50 GMT)
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