Broker Name: Maybank Research Pte Ltd
Date of Report: November 2, 2025
Excerpt from Maybank Research Pte Ltd report.
Report Summary
- Wilmar International delivered resilient operational results, with 9M25 revenue up 7% year-on-year and core net income up 16%, supported by recovery in China and growth in key segments, despite regulatory penalties in Indonesia.
- The outlook remains steady amid regulatory uncertainties in Indonesia, with management expecting most issues to resolve soon; dividend for 2025 may be lower due to cash flow impacts from these penalties.
above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank website :
https://www.maybank.com/investment-banking
