Wilmar International's stock price surged 3.97% during intraday trading on Tuesday, marking a significant upward movement for the agribusiness giant.

The sharp rise follows analyst commentary indicating the company's major regulatory overhangs from the previous year are fading, as it has booked substantial provisions for matters in Indonesia, China, and Pakistan. Furthermore, Maybank Securities upgraded its rating on Wilmar to "buy" from "hold" and raised its target price, citing an upward trajectory for the company's core earnings and increased profit estimates for 2026-2027.