Indonesian Court Decision Could Hit Wilmar's Earnings -- Market Talk

Dow Jones

Sep 26

0207 GMT - An Indonesian court's decision to overturn the acquittal of corruption charges faced by Wilmar International's units turns RHB Research analysts bearish on the stock. While the final penalty amount the subsidiaries face hasn't been released, the forfeiture of a US$729 million security deposit that the agribusiness placed with Indonesia's attorney general's office would slash its 2025 earnings by 65%, the Singapore research team writes. "We are also wary that this could signal the way the Indonesian government is leaning with respect to other ongoing rice investigations on the group," they say, referencing an investigation into Wilmar allegedly selling rice that didn't meet quality standards. RHB downgrades the stock to sell from neutral and cuts the target to S$2.50 from S$2.75. Shares fall 2.1% to S$2.83. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

September 25, 2025 22:07 ET (02:07 GMT)

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While the final penalty amount the subsidiaries face hasn't been released, the forfeiture of a US$729 million security deposit that the agribusiness placed with Indonesia's attorney general's office would slash its 2025 earnings by 65%, the Singapore research team writes. \"We are also wary that this could signal the way the Indonesian government is leaning with respect to other ongoing rice investigations on the group,\" they say, referencing an investigation into Wilmar allegedly selling rice that didn't meet quality standards. RHB downgrades the stock to sell from neutral and cuts the target to S$2.50 from S$2.75. Shares fall 2.1% to S$2.83. 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While the final penalty amount the subsidiaries face hasn't been released, the forfeiture of a US$729 million security deposit that the agribusiness placed with Indonesia's attorney general's office would slash its 2025 earnings by 65%, the Singapore research team writes. \"We are also wary that this could signal the way the Indonesian government is leaning with respect to other ongoing rice investigations on the group,\" they say, referencing an investigation into Wilmar allegedly selling rice that didn't meet quality standards. RHB downgrades the stock to sell from neutral and cuts the target to S$2.50 from S$2.75. Shares fall 2.1% to S$2.83. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 25, 2025 22:07 ET (02:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F34.SI","symbol_name":"丰益国际","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2570024903","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570024903","pubTimestamp":1758852420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0207 GMT - An Indonesian court's decision to overturn the acquittal of corruption charges faced by Wilmar International's units turns RHB Research analysts bearish on the stock. While the final penalty amount the subsidiaries face hasn't been released, the forfeiture of a US$729 million security deposit that the agribusiness placed with Indonesia's attorney general's office would slash its 2025 earnings by 65%, the Singapore research team writes. \"We are also wary that this could signal the way the Indonesian government is leaning with respect to other ongoing rice investigations on the group,\" they say, referencing an investigation into Wilmar allegedly selling rice that didn't meet quality standards. RHB downgrades the stock to sell from neutral and cuts the target to S$2.50 from S$2.75. Shares fall 2.1% to S$2.83. 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While the final penalty amount the subsidiaries face hasn't been released, the forfeiture of a US$729 million security deposit that the agribusiness placed with Indonesia's attorney general's office would slash its 2025 earnings by 65%, the Singapore research team writes. \"We are also wary that this could signal the way the Indonesian government is leaning with respect to other ongoing rice investigations on the group,\" they say, referencing an investigation into Wilmar allegedly selling rice that didn't meet quality standards. RHB downgrades the stock to sell from neutral and cuts the target to S$2.50 from S$2.75. Shares fall 2.1% to S$2.83. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 25, 2025 22:07 ET (02:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}