0218 GMT - Wilmar International is likely to post relatively flattish on-quarter 2Q earnings, say RHB Research analysts in a note. The agribusiness group's 1Q results were in line with RHB and consensus estimates. However, raw-material prices remain volatile amid looming U.S. tariff uncertainties, while economic uncertainties may cause downtrading activities, they say. They also expect Wilmar's valuation to remain lower than that of its China-listed peers until earnings undergo a significant turnaround. RHB maintains a neutral rating on the stock and target price of S$3.00. Shares are 0.3% lower at S$3.05.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 22:23 ET (02:23 GMT)
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