0250 GMT - Wilmar International could deliver more stable 2Q-3Q earnings, says CGS International's Jacquelyn Yow in a note. She expects higher crude palm oil and sugar prices to support its profits, while its soybean-crushing margins are likely to be relatively better than peers, she says. Margins in the feed and industrial segments should also remain resilient, buoyed by the Singapore-listed agribusiness' strong procurement and hedging capabilities, she says. Margin gains may be capped by rising costs and limited pricing flexibility, particularly for its consumer packed food segment. CGS International therefore retains its hold rating and S$3.60 target price. Shares rise 2.7% to S$3.71.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 03, 2026 22:50 ET (02:50 GMT)
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