Wilmar International appears to be well-positioned to navigate U.S. tariff headwinds, Maybank Research analysts write in a note.
The agribusiness group should be supported by its diversified sourcing, operational flexibility and resilient daily consumption goods demand, they say.
Wilmar International's 1Q sales volumes rose on year, except for sugar, which posted a sharp decline partly from frontloading in 4Q, they add.
Although tariffs create volatility and uncertainties, the company expects its own business to remain satisfactory due to product diversification, they note.
Maybank maintains a buy rating and a target price of S$4.05 on the stock.
Shares are 0.65% lower at S$3.05.